Avalonbay Communities (AVB) Tops Q2 EPS by 146c; Updates outlook

Avalonbay Communities (NYSE: AVB) reported Q2 EPS of $2.59, $1.46 better than the analyst estimate of $1.13. Revenue for the quarter came in at $629.88 million versus the consensus estimate of $679.81 million.

GUIDANCE:

Avalonbay Communities sees Q3 2023 EPS of $1.22-$1.32, versus the consensus of $1.17.

Avalonbay Communities sees FY2023 EPS of $6.83-$7.03, versus the consensus of $4.72.

For earnings history and earnings-related data on Avalonbay Communities (AVB) click here.

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