For the quarter ended March 2025, AvalonBay Communities (AVB) reported revenue of $745.88 million, up 4.6% over the same period last year. EPS came in at $2.83, compared to $1.22 in the year-ago quarter.
The reported revenue represents a surprise of -0.19% over the Zacks Consensus Estimate of $747.26 million. With the consensus EPS estimate being $2.80, the EPS surprise was +1.07%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how AvalonBay performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Same Store Economic Occupancy: 96% compared to the 95.8% average estimate based on four analysts.
- Revenue- Rental and other income: $744.14 million versus the six-analyst average estimate of $744.31 million. The reported number represents a year-over-year change of +4.7%.
- Revenue- Management, development and other fees: $1.74 million compared to the $1.98 million average estimate based on five analysts. The reported number represents a change of -3% year over year.
- Net Earnings Per Share (Diluted): $1.66 versus the seven-analyst average estimate of $1.31.
View all Key Company Metrics for AvalonBay here>>>
Shares of AvalonBay have returned -3.4% over the past month versus the Zacks S&P 500 composite's -0.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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AvalonBay Communities, Inc. (AVB): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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