Avalonbay Communities Q4 FFO Up - Quick Facts

(RTTNews) - Avalonbay Communities Inc. (AVB) Wednesday said fourth-quarter funds from operations, or FFO, increased to $195.34 million or $1.51 per share from $130.64 million or $1.27 per share in the same period last year.

Adjusted FFO for the quarter was $1.62 per share. On average, 11 analysts polled by Thomson Reuters expected the company to earn $1.46 per share for the quarter. Analysts' estimates typically exclude special items.

Earnings attributable to common stockholders increased to $252.21 million or $1.95 per share from $122.36 million or $1.19 per share last year.

Looking ahead to the first quarter, the company has forecast FFO in a range of $1.60 to $1.64 per share. Analysts currently expect first-quarter FFO of $1.64 per share.

For the fiscal year 2014, the company currently projects FFO in the range of $6.60 to $6.90 per share, with projected EPS in the order of $4.31 to $4.61 per share. Analysts currently expect full-year FFO of $5.00 per share.