AvalonBay Communities Q4 FFO $2.85 Misses $2.86 Estimate, Sales $767.856M Beat $766.082M Estimate

AvalonBay Communities (NYSE:AVB) reported quarterly earnings of $2.85 per share which missed the analyst consensus estimate of $2.86 by 0.31 percent. This is a 1.79 percent increase over earnings of $2.80 per share from the same period last year. The company reported quarterly sales of $767.856 million which beat the analyst consensus estimate of $766.082 million by 0.23 percent. This is a 3.69 percent increase over sales of $740.549 million the same period last year.