AvalonBay Communities, Inc. | REIT Profile

Symbol: AVB
CIK: 915912
Exchange: NYSE
Founded: 1978 (43 years)
HQ: Arlington, VA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Large-Cap
REIT Sector: Residential

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See AVB on SEC.gov

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Overall Score: 8.3

See score breakdown | See trend

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day November 30, 2021


Open Price: $239.63
Closing Price: $238.87
Price Change: -1.91 (-0.793%)
Lowest Price: $238.19
Highest Price: $241.71

52-Week Low: $149.91
52-Week High: $247.45
52-Week Change: 49.44%

5 Day Price Change: 1.01%
1 Month Price Change: 1.73%
3 Month Price Change: 7.49%
6 Month Price Change: 18.08%
YTD Price Change: 53.61%
1 Year Price Change: 48.30%
2 Year Price Change: 20.66%
5 Year Price Change: 72.79%

Dividend of Trading Day November 30, 2021


Dividend Yield: 2.663%*
Annualized Dividend: $6.36*
Dividend Yield (TTM): 2.612%
Annualized Dividend (TTM): $6.2889
Ex-Dividend Date: 2021-10-01
Next Ex-Dividend: 2021-12-30
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


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Funds From Operations (FFO)


Funds From Operations (FFO)

Key Stats of Trading Day November 30, 2021


Total Cash: $322,294,000
Current Debt: $732,177,000
Revenue: $2,249,453,000
Gross Profit: $2,249,453,000
Total Revenue: $2,249,453,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $1,350,429,000
Revenue Per Share: $16
Revenue Per Employee: $720,517
Employee: 3,028
Debt to Equity Ratio (D/E): 1.81
Profit Margin: 0.45%
Enterprise Value (EV): $41,103,829,199
Enterprise Value to Revenue (EV/R): 18.27
Price to Sales (P/S): 14.96
Price to Book (P/B): 3.12
Price/Earnings-to-Growth (PEG) Ratio: 0.60
P/E Ratio: 33.08
P/E High: 21.20
P/E Low: 17.76
Forward P/E Ratio: 43.10
Market Capitalization: $33,379,914,038
Beta: 0.68
Latest Volume: 1,285,777
Avg. Total Volume: 577,632
Avg. 10-Day Volume: 663,972
Avg. 30-Day Volume: 577,632
TTM EPS: 7.22
Shares Outstanding: 139,740,922
Float: N/A
50-Day Moving Avg.: $237.09
200-Day Moving Avg.: $222.49

Latest REIT Community Comments on #AVB


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Properties Owned by AVB


Properties Based on REIT's Official Presentation

Properties Types States Countries
288 1 12 1

Please visit REIT’s official webpage for the most up-to-date property list.

AVB Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website


Properties Based on Earnings Report's 10-K

Occupancy Rate



Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $212.69 per share you would have been able to buy 4 shares of AVB on 2020-12-01 costing $850.76 @ $212.69 per share you would have been able to buy 2 shares of AVB on 2020-12-01 costing $425.38 @ $212.69 per share you would have been able to buy 1 shares of AVB on 2020-12-01 costing $212.69 @ $212.69 per share you would have been able to buy 0 shares of AVB on 2020-12-01 costing $0.00 @ $212.69 per share you would have been able to buy 0 shares of AVB on 2020-12-01 costing $0.00
Current worth On 2021-11-30 these 4 shares would be worth $955.48 @ $238.87 On 2021-11-30 these 2 shares would be worth $477.74 @ $238.87 On 2021-11-30 these 1 shares would be worth $238.87 @ $238.87 On 2021-11-30 these 0 shares would be worth $0.00 @ $238.87 On 2021-11-30 these 0 shares would be worth $0.00 @ $238.87
Dividends earned $25.44 in dividends would have been earned since 2020-12-01 with 4 shares. $13 in dividends would have been earned since 2020-12-01 with 2 shares. $6.36 in dividends would have been earned since 2020-12-01 with 1 shares. $0.00 in dividends would have been earned since 2020-12-01 with 0 shares. $0.00 in dividends would have been earned since 2020-12-01 with 2 shares.
Net (gain / loss)* 130.16 USD 65.08 USD 32.54 USD 0.00 USD 0.00 USD
ROI** 15.30% 15.30% 15.30% nan% nan%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by AVB. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
AVB 2021-10-01 1.590 --- 2021-09-24 2021-10-04 2021-10-15
AVB 2021-06-29 1.590 --- 2021-05-20 2021-06-30 2021-07-15
AVB 2021-03-30 1.590 --- 2021-02-03 2021-03-31 2021-04-15
AVB 2020-12-30 1.590 --- 2020-11-12 2020-12-31 2021-01-15
AVB 2020-09-29 1.590 --- 2020-09-16 2020-09-30 2020-10-15
AVB 2020-06-29 1.590 --- 2020-05-12 2020-06-30 2020-07-15
AVB 2020-03-30 1.590 4.61% 2020-02-05 2020-03-31 2020-04-15
AVB 2019-12-30 1.520 --- 2019-11-20 2019-12-31 2020-01-15
AVB 2019-09-27 1.520 --- 2019-09-19 2019-09-30 2019-10-15
AVB 2019-06-27 1.520 --- 2019-05-15 2019-06-28 2019-07-15
AVB 2019-03-28 1.520 3.40% 2019-02-04 2019-03-29 2019-04-15
AVB 2018-12-28 1.470 --- 2018-11-14 2018-12-31 2019-01-15
AVB 2018-09-27 1.470 --- 2018-09-18 2018-09-28 2018-10-15
AVB 2018-06-28 1.470 --- 2018-05-23 2018-06-29 2018-07-16
AVB 2018-03-28 1.470 3.52% 2018-01-31 2018-03-29 2018-04-16
AVB 2017-12-28 1.420 --- 2017-11-09 2017-12-29 2018-01-16
AVB 2017-09-28 1.420 --- 2017-09-14 2017-09-29 2017-10-16
AVB 2017-06-28 1.420 --- 2017-05-18 2017-06-30 2017-07-17
AVB 2017-03-29 1.420 5.19% 2017-02-01 2017-03-31 2017-04-17
AVB 2016-12-28 1.350 --- 2016-11-10 2016-12-30 2017-01-16

Financial Statements Overview


The next Earnings Report for AVB is 2022-02-02

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Current Cash 322,294,000 297,036,000 129,298,000 216,976,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 705,638,000 740,371,000 456,611,000 552,058,000
Current Assets (Other) 269,788,000 253,266,000 226,879,000 238,526,000
Short Term Investments 269,788,000 253,266,000 226,879,000 238,526,000
Long-term Investments 18,773,329,000 18,576,254,000 18,663,921,000 18,647,086,000
Property, Plant & Equipment Net 18,366,021,000 18,144,531,000 18,253,289,000 18,233,781,000
Goodwill 0 0 0 0
Intangible Assets 0 0 0 0
Other Assets 55,451,000 49,335,000 47,081,000 55,427,000
Net Tangible Assets 10,787,660,000 10,908,019,000 10,668,329,000 10,751,583,000
Total Assets 19,478,967,000 19,316,625,000 19,120,532,000 19,199,144,000
Accounts Payable 0 0 0 0
Liabilities (Other) 0 0 0 0
Current Liabilities (Other) 732,177,000 693,918,000 730,576,000 698,166,000
Total Current Liabilities 732,177,000 693,918,000 730,576,000 698,166,000
Current Long-term Debt 0 0 0 0
Long-term Debt 7,779,304,000 7,533,633,000 7,537,784,000 7,564,337,000
Total Liabilities 8,691,307,000 8,408,606,000 8,452,203,000 8,447,561,000
Minority Interest 3,706,000 3,607,000 3,432,000 3,268,000
Common Stock 139,386,413 139,373,963 139,291,187 139,279,574
Retained Earnings 128,549,000 272,398,000 47,151,000 126,022,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 10,787,660,000 10,908,019,000 10,668,329,000 10,751,583,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Total Revenue 580,774,000 561,743,000 551,135,000 555,801,000
Cost of Revenue 0 0 0 0
Gross Profit 580,774,000 561,743,000 551,135,000 555,801,000
Research and Development 0 0 0 0
Selling General and Admin 17,313,000 18,465,000 17,352,000 13,465,000
Operating Expense 432,140,000 415,982,000 411,489,000 411,889,000
Operating Income 148,634,000 145,761,000 139,646,000 143,912,000
Income Expense Net (Other) 1,701,000 32,000 427,000 -2,145,000
EBIT 157,202,000 172,352,000 140,073,000 141,419,000
Interest Income 55,987,000 56,104,000 52,613,000 51,589,000
Pretax Income 81,026,000 447,987,000 141,479,000 338,936,000
Income Tax 2,179,000 10,000 -755,000 -2,178,000
Minority Interest -67,000 24,000 11,000 -14,000
Net Income 78,754,000 447,051,000 141,899,000 340,332,000
Net Income Basic 78,754,000 447,051,000 141,899,000 340,332,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Net Income 78,754,000 447,051,000 141,899,000 340,332,000
Depreciation 193,791,000 184,472,000 183,297,000 707,331,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change 322,294,000 297,036,000 129,298,000 216,976,000
Cash Flow 343,113,000 238,484,000 330,145,000 257,541,000
Capital Expenditures -50,569,000 -29,487,000 -30,254,000 -137,036,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -404,958,000 245,157,000 -155,952,000 141,890,000
Dividends Paid 0 0 0 0
Net Borrowings 7,187,222,000 6,983,331,000 7,181,607,000 7,108,835,000
Cash Flow Financing 10,590,000 -226,268,000 -257,993,000 -268,299,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

About AvalonBay Communities, Inc.


AvalonBay Communities, Inc., an equity REIT, has a long-term track record of developing, redeveloping, acquiring and managing distinctive apartment homes in some of the best U.S. markets, and delivering outsized, risk-adjusted returns to shareholders. With equal parts experience and vision, we’ve established a leadership position rooted in building value for the long term.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
7 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.6
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.4
10 Dividend to FFO Core Payout Ratio Health: Analysis of the REIT’s Dividend to FFO Core Payout Ratios during the last four quarters. 8.8
10 Dividend to FFO Core Payout Ratio Trend: Analysis of the REIT’s Dividend to FFO Core Payout Ratios trend during the last two years. 7.7
Rating AFFO & Efficiency Section Avg. Rating
6 FFO Core Trend: Analysis of the REIT’s FFO Core trend during the last two years. 7.8
7 FFO Core to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.9
10 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 8.6
10 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 9.1
Rating Leverage Section Avg. Rating
10 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 7.4
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 8.8
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.9
8 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
8 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.0
8 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.8
Rating Asset & Revenue Section Avg. Rating
4 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 5.4
5 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.1
Rating Properties Section Avg. Rating
8 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.1
7 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 6.3
9 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
Rating Market Cap Section Avg. Rating
8 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.2
8.3 Overall REITRating™ Score (See trend) 6.1

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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Essex Property Trust, Inc. (ESS) 8.2 NYSE Large-Cap Residential United States
Apartment Investment & Management Co. (Aimco) (AIV) 5.4 NYSE Small-Cap Residential United States
UDR Inc. (UDR) 7.6 NYSE Large-Cap Residential United States
Independence Realty Trust, Inc. (IRT) 6.6 NYSE Mid-Cap Residential United States

Last updated: 2021-12-01 - v2.4