AvalonBay Communities (NYSE:AVB) Q3 core FFO per share of $2.06 misses the consensus estimate of $2.17 and $2.34 in the year-ago quarter.

Q3 rental revenue for established communities fell 6.1% Y/Y.

Q3 net operating income for established communities fell 10.1% Y/Y.

Q3 rent collections at established communities at Oct. 27, 2020 were 96.1%, up from 95.2% at quarter-end; Q2 rent collections were 97.7% at Oct. 27, up from 95.5% at quarter-end.

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