AvalonBay Communities (AVB) Beats Q4 FFO Estimates

AvalonBay Communities (AVB) came out with quarterly funds from operations (FFO) of $2.85 per share, beating the Zacks Consensus Estimate of $2.84 per share. This compares to FFO of $2.8 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of +0.23%. A quarter ago, it was expected that this apartment building owner would post FFO of $2.81 per share when it actually produced FFO of $2.75, delivering a surprise of -2.14%.Over the last four qu ...