AvalonBay Communities-AvalonBay (AVB) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - AvalonBay Communities (AVB) reported revenue of $740.55 million for the quarter ended December 2024, reflecting a 5.1% increase year-over-year [1] - The company's EPS was$ 2.80, up from $1.70 in the same quarter last year, but fell short of the consensus estimate of$ 2.83, resulting in an EPS surprise of -1.06% [1] - The revenue reported was slightly below the Zacks Consensus Estimate of $742.31 million, indicating a surprise of -0.24% [1] Financial Performance Metrics - Same Store Economic Occupancy was reported at 95.6%, slightly below the estimated 95.7% by analysts [4] - Revenue from rental and other income was$ 738.81 million, compared to the estimated $739.13 million, marking a 5.1% increase from the previous year [4] - Revenue from management, development, and other fees was$ 1.74 million, which is lower than the estimated $1.86 million, representing a decline of 13.5% year-over-year [4] - Net Earnings Per Share (Diluted) was reported at$ 1.98, exceeding the estimated $1.37 by analysts [4] Stock Performance - AvalonBay's shares have returned +4.5% over the past month, outperforming the Zacks S&P 500 composite's +1.7% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]