Rental rates up 3.7% at AvalonBay

|About: AvalonBay Communities, Inc. (AVB)|By:, SA News Editor

Q3 core FFO per share of $1.73 up 6.1% from a year ago.

Rental revenue for established communities (51,524 apartments) up 3.7% to $336.45M. NOI for established communities of $233.525M up 5.5%.

Overall rental rates up 3.7%, with the Pacific Northwest leading, up 7.6% and the Mid-Atlantic lagging, down 0.6%.

Full-year core FFO expected at $6.78-$6.84.

Conference call tomorrow at 1 ET

Previously: AvalonBay Communities beats by $0.14

AVB flat AH

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