AvalonBay Communities, Inc.

Symbol: AVB
CIK: 915912
Exchange: NYSE
Founded: 1978 (41 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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 8.4   Dividend Section Rating

Rating Dividend Section Avg. Rating
8 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.4
8 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 4.6
9 Dividend to FFO Core Payout Ratio Health: Analysis of the REIT’s Dividend to FFO Core Payout Ratios during the last four quarters. 7.0
8 Dividend to FFO Core Payout Ratio Trend: Analysis of the REIT’s Dividend to FFO Core Payout Ratios trend during the last two years. 5.6
9 FFO Core Trend: Analysis of the REIT’s FFO Core trend during the last two years. 6.8
8.4 Overall Dividend Section Rating: The REIT’s total dividend score from the compilation of the below dividend analysis. 6.7

 9.7   Leverage Section Rating

Rating Leverage Section Avg. Rating
10 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 6.5
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 7.2
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 8.5
9 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.2
9 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 6.2
10 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.0
9.7 Overall Leverage Section Rating: The REIT’s total Debt Leverage score from the compilation of the above Debt analysis. 7.6

 8.0   Asset & Revenue Section Rating

Rating Asset & Revenue Section Avg. Rating
10 G&A Effeciency Level: Analysis of the REIT’s General and Administrative expenses in relationship to its Revenues. 6.9
9 G&A Effeciency Trend: Analysis of the Trend of the REIT’s General and Administrative expenses in relationship to its Revenues. 7.7
7 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.7
6 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.4
8.0 Overall Asset & Revenue Section Rating: The REIT’s total Asset, Revenues, and Administrative expenses score from the compilation of the above analysis. 7.2

 8.7   Overall REITRating™ Score


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.

Stock Chart

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Hightlights of Trading Day September 13, 2019


Open Price: $208.65
Closing Price: $207.11
Price Change: -2.42 (-1.155%)
Lowest Price: $205.48
Highest Price: $209.6

52-Week Low: $167.01
52-Week High: $216.80
52-Week Change: 11.52%

5 Day Price Change: -2.88%
1 Month Price Change: 2.61%
3 Month Price Change: 1.18%
6 Month Price Change: 5.10%
YTD Price Change: 23.84%
1 Year Price Change: 12.82%
2 Year Price Change: 4.54%
5 Year Price Change: 44.18%

Dividend of Trading Day September 13, 2019


Dividend Yield: 2.936%*
Annualized Dividend: $6.08*
Dividend Yield (TTM): 2.887%
Annualized Dividend (TTM): $5.98
Ex Dividend Date: 2019-06-27
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.

Latest News Headlines


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Funds From Operations (FFO)


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Key Stats of Trading Day September 13, 2019


Total Cash: $217,864,000
Current Debt: $118,546,000
Revenue: $2,278,392,000
Gross Profit: $876,636,000
Total Revenue: $2,278,392,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $1,451,467,000
Revenue Per Share: $16
Revenue Per Employee: $738,060
Employee: 3,087
Debt to Equity Ratio (D/E): 0.66
Profit Margin: 0.43%
Enterprise Value (EV): $35,767,003,270
Enterprise Value to Revenue (EV/R): 15.70
Price to Sales (P/S): 12.70
Price to Book (P/B): 2.72
Peg Ratio: -0.92
P/E Ratio: 31.33
P/E High: 32.75
P/E Low: 25.23
Forward P/E Ratio: 42.27
Market Capitalization: $28,924,361,270
Beta: 0.41
Latest Volume: 733,287.00
Avg. Total Volume: 607,073
Avg. 10 Volume: 650,613.10
Avg. 30 Volume: 607,073.23
TTM EPS: 6.61
TTM Dividend Rate: 5.98
Shares Outstanding: 139,657,000
Float: 139,200,880.24
50-Day Moving Avg.: 208.60
200-Day Moving Avg.: 198.39

Latest REIT Community Comments on #AVB


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Properties Owned by AVB


Properties owned:
288
Types:
1
States:
12
Countries:
1
Sample of REIT’s Properties (Image Source - REIT’s website) | See more pictures
AVB Sample Property
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Occupancy Rate


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Dividend History


Below are the most recent cash dividends paid by AVB, and the Ex-Dividend Date of the dividend. The percent difference from one dividend payment to the next has also been calculated for your convenience.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date

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Financial Statements Overview

Balance Sheet (Quarterly)

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Amounts in USD ($)

Balance Sheet 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Current Cash 0 195,207,000 217,864,000 281,591,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 243,603,000 245,386,000 249,248,000 207,695,000
Property, Plant & Equipment Net 0 0 0 0
Goodwill 0 0 0 0
Intangible Assets 0 0 0 0
Other Assets 389,945,000 399,662,000 237,366,000 322,583,000
Net Tangible Assets 10,750,530,000 10,733,999,000 10,632,606,000 10,397,398,000
Total Assets 18,932,575,000 18,639,983,000 18,380,200,000 18,662,119,000
Accounts Payable 0 0 0 0
Liabilities (Other) 826,490,000 862,521,000 683,844,000 725,416,000
Current Liabilities (Other) 0 212,750,000 204,191,000 203,624,000
Total Current Liabilities 0 0 0 0
Current Long-term Debt 68,216,000 116,877,000 118,546,000 1,638,000
Long-term Debt 7,284,001,000 6,923,190,000 6,941,960,000 7,531,590,000
Total Liabilities 8,178,707,000 7,902,588,000 7,744,350,000 8,258,644,000
Minority Interest 24,000 52,000 -99,000 -79,000
Common Stock 0 1,394,000 1,385,000 1,382,000
Retained Earnings 0 306,861,000 350,777,000 167,946,000
Treasury Stock 0 0 0 0
Capital Surplus 0 10,457,651,000 10,306,588,000 10,249,311,000
Shareholder Equity 10,750,530,000 10,733,999,000 10,632,606,000 10,397,398,000

Income Statement (Quarterly)

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Total Revenue 577,263,000 564,716,000 577,056,000 574,516,000
Cost of Revenue 357,804,000 346,841,000 351,651,000 350,686,000
Gross Profit 219,459,000 217,875,000 225,405,000 223,830,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 376,769,000 360,529,000 366,003,000 364,591,000
Operating Income 197,783,000 204,187,000 211,053,000 209,925,000
Income Expense Net (Other) -29,478,000 -33,757,000 174,335,000 -17,489,000
EBIT 197,783,000 204,187,000 211,053,000 209,925,000
Interest Income 50,010,000 46,424,000 53,715,000 52,631,000
Pretax Income 168,305,000 170,430,000 385,388,000 192,436,000
Income Tax 0 12,000 -247,000 29,000
Minority Interest 24,000 52,000 -99,000 -79,000
Net Income 168,281,000 169,865,000 384,617,000 191,931,000
Net Income Basic 168,281,000 169,865,000 384,617,000 191,931,000

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Net Income 168,281,000 169,865,000 384,617,000 191,931,000
Depreciation 0 162,057,000 158,914,000 156,539,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change 0 -22,657,000 -63,727,000 -68,306,000
Cash Flow 0 355,212,000 353,255,000 356,062,000
Capital Expenditures 0 -20,557,000 -24,840,000 -23,115,000
Investments 0 -370,347,000 -115,848,000 -178,014,000
Investing Activity (Other) 0 -159,000 -819,000 -589,000
Total Investing Cash Flows 0 -313,186,000 -134,698,000 -178,775,000
Dividends Paid 0 -203,499,000 -203,087,000 -203,082,000
Net Borrowings 1,935,000 -1,935,000 -130,107,000 -42,119,000
Cash Flow Financing 1,935,000 -64,683,000 -282,284,000 -245,593,000
Financing Cash Flows (Other) 0 -14,810,000 -127,000 -783,000
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.

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