AvalonBay reports Q1 core FFO $2.83, consensus $2.80

Same Store Residential revenue increased $20,294,000, or 3.0%, to $693,074,000. Same Store Residential operating expenses increased $8,269,000, or 4.0%, to $214,758,000 and Same Store Residential NOI increased $12,025,000, or 2.6%, to $478,316,000.