Further, we expect interest expenses to rise 9.7% year over year in the second quarter. The Zacks Consensus Estimate of $761.75 million for second-quarter revenues suggests a 4.92% year-over-year increase. For the second quarter of 2025, AvalonBay expected core FFO per share in the range of $2.72-$2.82. Before the second-quarter earnings release, the company's activities were inadequate to gain analysts' confidence. The Zacks Consensus Estimate for the quarterly core FFO per share has been revised a cent south to $2.80 over the past two months. However, it suggests year-over-year growth of 1.08%.