AvalonBay Communities (AVB) Q3 FFO and Revenues Top Estimates

AvalonBay Communities (AVB) came out with quarterly funds from operations (FFO) of $2.74 per share, beating the Zacks Consensus Estimate of $2.71 per share. This compares to FFO of $2.66 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 1.11%. A quarter ago, it was expected that this apartment building owner would post FFO of $2.71 per share when it actually produced FFO of $2.77, delivering a surprise of 2.21%.Over the last four qua ...