Analyst report on AvalonBay Communities Inc. reveals strong financial performance with a revenue increase of 3.5% to $579.1 million in the first quarter. The real estate investment trust also reported a net income of $156.9 million, up from $139.8 million in the same period last year. Rental revenue grew by 3.4% to $544.6 million.

Read more at Yahoo Finance: Analyst Report: Avalonbay Communities Inc.