AvalonBay Communities Q3 Income Rises 14%

(RTTNews) - AvalonBay Communities (AVB) announced earnings for its third quarter that climbed compared to the same period last year.

The company said its bottom line climbed to $259.79 million, or $1.93 per share. This was up from $227.82 million, or $1.73 per share, in last year's third quarter.

AvalonBay Communities earnings at a glance:

-Earnings (Q3): $259.79 Mln. vs. $227.82 Mln. last year. -Earnings Growth (Y-o-Y): 14.0% -EPS (Q3): $1.93 vs. $1.73 last year. -EPS Growth (Y-o-Y): 11.6%

-Guidance: Next quarter EPS guidance: $5.58 - $5.64 Full year EPS guidance: $7.51 - $7.57