AvalonBay Communities Inc. (NYSE:AVB), a leading multifamily real estate investment trust (REIT), reported fiscal 2012 first quarter funds from operations (FFO) of $122.0 million or $1.28 per share, compared with $93.5 million or $1.08 in the year-earlier quarter. Funds from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
Excluding certain non-recurring items, FFO for the reported … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards