Investing.com - AvalonBay reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
AvalonBay announced earnings per share of $2.4 on revenue of $601.2M. Analysts polled by Investing.com anticipated EPS of $0.9983 on revenue of $597.94M.
AvalonBay shares are down 0% from the beginning of the year and are trading at $252.03 , down-from-52-week-high.They are outperforming the S&P 500 which is down 3.71% from the start of the year.
AvalonBay shares gained 0.16% in after-hours trade the report.
AvalonBay follows other major Real Estate sector earnings this month
AvalonBay's report follows an earnings beat by Prologis on Wednesday, January 19, 2022, who reported EPS of $1.67 on revenue of $1.07B, compared to forecasts EPS of $0.7055 on revenue of $1.07B.
Crown Castle had beat expectations on Wednesday, January 26, 2022 with fourth quarter EPS of $0.81 on revenue of $1.65B, compared to forecast for EPS of $0.7708 on revenue of $1.63B.
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