AvalonBay (AVB) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - AvalonBay Communities (AVB) reported revenue of $766.8 million for the quarter ended September 2025, reflecting a year-over-year increase of 4.4% [1] - The earnings per share (EPS) for the quarter was $2.75, up from $2.61 in the same quarter last year [1] - The reported revenue fell short of the Zacks Consensus Estimate of $769.88 million, resulting in a surprise of -0.4% [1] - The EPS also missed the consensus estimate of $2.81, with a surprise of -2.14% [1] Financial Metrics - Same Store Economic Occupancy was reported at 95.7%, slightly below the four-analyst average estimate of 96.1% [4] - Revenue from management, development, and other fees was $1.87 million, compared to the estimated $1.94 million, marking a 9% increase year-over-year [4] - Revenue from rental and other income was $764.93 million, slightly below the estimated $767.13 million, also reflecting a 4.4% increase compared to the previous year [4] - Net Earnings Per Share (Diluted) was reported at $2.68, significantly higher than the estimated $1.41 [4] Stock Performance - AvalonBay's shares have returned -4.7% over the past month, contrasting with the Zacks S&P 500 composite's increase of +3.8% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]