Tuesday, July 31, 2007

UPDATE 1-AvalonBay second-quarter per share FFO up 18 pct

(Reuters) - The company said funds from operations, or FFO, rose to $94
million, or $1.17 per share, at the top of the range of $1.13
to $1.17 per share the company forecast in April and slightly
ahead of the $1.16 per share, analysts, on average, expected
according to Reuters Estimates.




A year earlier, the Alexandria, Virginia-based company
reported second-quarter FFO of $74.86 million, or 99 cents per
share.


Read more at Reuters.com Market News

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