AvalonBay Communities (NYSE:AVB) reported quarterly earnings of $2.86 per share which beat the analyst consensus estimate of $2.80 by 2.14 percent. This is a 1.42 percent increase over earnings of $2.82 per share from the same period last year. The company reported quarterly sales of $777.768 million which beat the analyst consensus estimate of $775.865 million by 0.25 percent. This is a 2.31 percent increase over sales of $760.195 million the same period last year.