For the quarter ended March 2026, AvalonBay Communities (AVB Quick QuoteAVB - Free Report) reported revenue of $770.28 million, up 3.3% over the same period last year. EPS came in at $2.83, compared to $1.66 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $770.57 million, representing a surprise of -0.04%. The company delivered an EPS surprise of +1.07%, with the consensus EPS estimate being $2.80.

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: 96.1% versus 95.8% estimated by four analysts on average.
• Revenue- Management, development and other fees: $1.83 million compared to the $1.75 million average estimate based on four analysts. The reported number represents a change of +5.2% year over year.
• Revenue- Rental and other income: $768.45 million versus $768.39 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +3.3% change.
• Net Earnings Per Share (Diluted): $2.33 compared to the $1.47 average estimate based on four analysts.

View all Key Company Metrics for AvalonBay here>>>

Shares of AvalonBay have returned +7.2% over the past month versus the Zacks S&P 500 composite's +9.3% 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.