WASHINGTON (dpa-AFX) - AvalonBay Communities Inc. (AVB) reported fourth-quarter net income to common stockholders of $142.64 million or $1.08 per share, compared to $252.21 million or $1.95 per share, prior year. FFO per share was $1.76, compared to $1.51. Core FFO per share was $1.74, for the quarter.
On average, 19 analysts polled by Thomson Reuters expected the company to report profit per share of $1.77 for the quarter. Analysts' estimates typically exclude special items.
For the company, including discontinued operations, total revenue increased by 10.2%, to $440.66 million. Analysts expected revenue of $433.45 million for the quarter.
The company expects fiscal 2015 EPS to be within a range of $4.65 to $4.95. The company expects 2015 Projected FFO per share to be in the range of $7.25 to $7.55. The company expects 2015 Projected Core FFO per share to be in the range of $7.20 to $7.50. Analysts expect the company to report fiscal year earnings per share of $7.42.
For the first quarter of 2015, the company expects projected EPS within a range of $1.57 to $1.61. The company expects Projected FFO per share in the first quarter of 2015 within a range of $1.86 to $1.90. The company expects Projected Core FFO per share in the first quarter of 2015 to be in the range of $1.71 to $1.75. Analysts expect the company to report first-quarter earnings per share of $1.78.
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