AvalonBay Communities (AVB) Q4 FFO and Revenues Beat Estimates

AvalonBay Communities (AVB) came out with quarterly funds from operations (FFO) of $2.74 per share, beating the Zacks Consensus Estimate of $2.73 per share. This compares to FFO of $2.59 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 0.37%. A quarter ago, it was expected that this apartment building owner would post FFO of $2.64 per share when it actually produced FFO of $2.66, delivering a surprise of 0.76%.Over the last four qua ...