The company said it had net income of $147.7 million, or $1.05 per share.
The apartment building owner posted revenue of $567.4 million in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $563 million.
The company’s shares have fallen 37% since the beginning of the year, while the Standard & Poor’s 500 index has increased 1%. In the final minutes of trading on Wednesday, shares hit $132.78, a fall of 39% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AVB at https://www.zacks.com/ap/AVB