AvalonBay Communities (AVB) Q3 FFO and Revenues Miss Estimates

AvalonBay Communities (AVB) came out with quarterly funds from operations (FFO) of $2.75 per share, missing the Zacks Consensus Estimate of$ 2.81 per share. This compares to FFO of $2.74 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -2.14%. A quarter ago, it was expected that this apartment building owner would post FFO of$ 2.8 per share when it actually produced FFO of $2.82, delivering a surprise of +0.71%.Over the last four qu ...