AvalonBay Communities (AVB)
(Delayed Data from NYSE)
$206.06 USD
-2.13 (-1.02%)
Updated Jul 24, 2024 04:00 PM ET
After-Market: $205.91 -0.15 (-0.07%) 7:58 PM ET
2-Buy of 5 2
D Value B Growth D Momentum D VGM
Company Summary
AvalonBay Communities, Inc. is a real estate investment trust (REIT) focusing on developing, redeveloping, acquiring, owning and operating of multi-family apartment communities for higher-income clients in high barrier-to-entry regions of the United States, which generally command the highest rents in the markets. It is an S&P 500 Index member.
These markets include New England, the New York/New Jersey metro area, Mid-Atlantic, Pacific Northwest, and Northern and Southern California. The company is also tracking opportunities in the newly expanded markets of Raleigh-Durham and Charlotte, NC; Southeast Florida; Dallas and Austin, TX, and Denver, ...
Company Summary
AvalonBay Communities, Inc. is a real estate investment trust (REIT) focusing on developing, redeveloping, acquiring, owning and operating of multi-family apartment communities for higher-income clients in high barrier-to-entry regions of the United States, which generally command the highest rents in the markets. It is an S&P 500 Index member.
These markets include New England, the New York/New Jersey metro area, Mid-Atlantic, Pacific Northwest, and Northern and Southern California. The company is also tracking opportunities in the newly expanded markets of Raleigh-Durham and Charlotte, NC; Southeast Florida; Dallas and Austin, TX, and Denver, CO.
The company focuses on metropolitan areas historically experiencing rising employment in high-wage sectors of the economy, along with high home ownership costs and a vibrant quality of life. The company has a principal executive office in Arlington, VA, and a number of regional offices, administrative offices or specialty offices in its markets.
AvalonBay owned or held direct or indirect ownership stakes in 299 operating apartment communities as of Mar 31, 2024, which included 90,673 apartment homes in 12 states and the District of Columbia. Of these, 17 communities were under development.
In 2023, the company acquired Avalon Frisco at Main in Frisco, TX, comprising 360 apartment homes for $83.1 million, Avalon Mooresville in Mooresville, NC, comprising 203 apartment homes for $52.1 million and Avalon West Plano in Carrollton, TX, comprising 568 apartment homes for $142 million.
In April 2024, the company entered into agreements to sell two wholly-owned communities consisting of a total of 554 apartment homes and net operating real estate of $188.8 million as of Mar 31, 2024. The company expects to complete the sales in the second and third quarters of 2024.
In 2023, AvalonBay sold four wholly-owned communities for $446 million. These communities contained 987 apartment homes and 27,000 square feet of commercial space.
Note: All EPS numbers presented in this report represents funds from operations (FFO) per share. FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
General Information
AvalonBay Communities, Inc
4040 WILSON BOULEVARD STE 1000
ARLINGTON, VA 22203
Phone: 703-329-6300
Fax: 513-389-4634
Email: investor_relations@avalonbay.com
Industry | REIT and Equity Trust - Residential |
Sector | Finance |
Fiscal Year End | December |
Last Reported Quarter | 6/30/2024 |
Earnings Date | 7/31/2024 |
EPS Information
Current Quarter EPS Consensus Estimate | 2.71 |
Current Year EPS Consensus Estimate | 10.92 |
Estimated Long-Term EPS Growth Rate | 6.30 |
Earnings Date | 7/31/2024 |
Price and Volume Information
Zacks Rank | ![]() |
Yesterday's Close | 208.19 |
52 Week High | 211.20 |
52 Week Low | 160.45 |
Beta | 0.96 |
20 Day Moving Average | 593,157.94 |
Target Price Consensus | 208.52 |
4 Week | 1.91 |
12 Week | 9.82 |
YTD | 11.20 |
4 Week | 0.32 |
12 Week | -0.46 |
YTD | -4.53 |
Shares Outstanding (millions) | 142.19 |
Market Capitalization (millions) | 29,601.68 |
Short Ratio | NA |
Last Split Date | NA |
Dividend Yield | 3.27% |
Annual Dividend | $6.80 |
Payout Ratio | 0.63 |
Change in Payout Ratio | -0.06 |
Last Dividend Payout / Amount | 6/28/2024 / $1.70 |
Fundamental Ratios
P/E (F1) | 19.06 |
Trailing 12 Months | 19.35 |
PEG Ratio | 3.04 |
vs. Previous Year | 5.06% |
vs. Previous Quarter | -1.46% |
vs. Previous Year | 5.65% |
vs. Previous Quarter | 1.16% |
Price/Book | 2.53 |
Price/Cash Flow | 16.56 |
Price / Sales | 10.55 |
6/30/24 | NA |
3/31/24 | 8.12 |
12/31/23 | 7.98 |
6/30/24 | NA |
3/31/24 | 4.61 |
12/31/23 | 4.51 |
6/30/24 | NA |
3/31/24 | 1.07 |
12/31/23 | 1.44 |
6/30/24 | NA |
3/31/24 | 1.07 |
12/31/23 | 1.44 |
6/30/24 | NA |
3/31/24 | 34.05 |
12/31/23 | 33.56 |
6/30/24 | NA |
3/31/24 | 34.05 |
12/31/23 | 33.56 |
6/30/24 | NA |
3/31/24 | 34.28 |
12/31/23 | 33.91 |
6/30/24 | NA |
3/31/24 | 82.39 |
12/31/23 | 82.97 |
6/30/24 | NA |
3/31/24 | NA |
12/31/23 | NA |
6/30/24 | NA |
3/31/24 | 0.68 |
12/31/23 | 0.68 |
6/30/24 | NA |
3/31/24 | 40.53 |
12/31/23 | 40.39 |