AvalonBay Communities, Inc. | REIT Profile

Symbol: AVB
CIK: 915912
Exchange: NYSE
Founded: 1978 (44 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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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.


AvalonBay Communities, Inc. Company Logo

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REITMovers


REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 3 minutes during normal trading hours. Note: All prices have a 15 minute delay.


Latest Price High Low Open Close Previous Close Volume Change $ Change % Market Cap PE Ratio 52W High 52W Low Ytd Change
$198.01 $201.83 $197.65 $199.84 $201.56 $201.56 190,534 -$3.56 -1.76% $27,684,707,443 24.69 $258.81 $190.26 -21.47%

Last update: 2022-05-19 08:23:51 PST

REITRating™ Trend


REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.

Overall REITRating Score: 8.4

Hightlights of Trading Day May 18, 2022


Open Price: $207.65
Closing Price: $201.56
Price Change: -6.28 (-3.022%)
Lowest Price: $200.68
Highest Price: $208.76
52-Week Low: $189.39
52-Week High: $258.81
52-Week Change: 7.32%
5 Day Price Change: 3.87%
1 Month Price Change: -15.72%
3 Month Price Change: -11.44%
6 Month Price Change: -13.71%
YTD Price Change: -17.21%
1 Year Price Change: 7.72%
2 Year Price Change: 47.82%
5 Year Price Change: 28.29%

Dividend of Trading Day May 18, 2022


Dividend Yield: 3.155%*
Annualized Dividend: $6.36*
Dividend Yield (TTM): 3.031%
Annualized Dividend (TTM): $6.2995
Ex-Dividend Date: 2022-03-30
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)



FFO Amount and Payout Ratio

Below are the FFO amounts, dividends, and payout ratios for the last two quarters for AVB.

Year Quarter Type Amount Dividend Paid Payout Ratio
2021 Q4 FFO Core $--- $--- ---%
2021 Q4 FFO $--- $--- ---%
2021 Q3 FFO $--- $--- ---%
2021 Q3 FFO Core $--- $--- ---%

REITNotes uses the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information.


Funds From Operations (FFO)

Key Stats of Trading Day May 18, 2022


Total Cash: $343,457,000
Current Debt: $715,992,000
Revenue: $2,357,642,000
Gross Profit: $2,357,642,000
Total Revenue: $2,357,642,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $1,458,290,000
Revenue Per Share: $17
Revenue Per Employee: $755,170
Employee: 3,028
Debt to Equity Ratio (D/E): 1.81
Profit Margin: 0.48%
Enterprise Value (EV): $36,633,310,195
Enterprise Value to Revenue (EV/R): 15.54
Price to Sales (P/S): 12.29
Price to Book (P/B): 2.64
Price/Earnings-to-Growth (PEG) Ratio: 0.64
P/E Ratio: 25.13
P/E High: 26.66
P/E Low: 22.54
Forward P/E Ratio: 52.84
Market Capitalization: $28,181,761,229
Beta: 0.66
Latest Volume: 838,299
Avg. Total Volume: 959,614
Avg. 10-Day Volume: 953,186
Avg. 30-Day Volume: 959,614
TTM EPS: 8.02
Shares Outstanding: 139,818,224
Float: N/A
50-Day Moving Avg.: $234.54
200-Day Moving Avg.: $239.69

Latest REIT Community Comments on #AVB


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Properties Owned by AVB


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 2021-05-19 costing $850.76 @ $212.69 per share you would have been able to buy 2 shares of AVB on 2021-05-19 costing $425.38 @ $212.69 per share you would have been able to buy 1 shares of AVB on 2021-05-19 costing $212.69 @ $212.69 per share you would have been able to buy 0 shares of AVB on 2021-05-19 costing $0.00 @ $212.69 per share you would have been able to buy 0 shares of AVB on 2021-05-19 costing $0.00
Current worth On 2022-05-18 these 4 shares would be worth $806.24 @ $201.56 On 2022-05-18 these 2 shares would be worth $403.12 @ $201.56 On 2022-05-18 these 1 shares would be worth $201.56 @ $201.56 On 2022-05-18 these 0 shares would be worth $0.00 @ $201.56 On 2022-05-18 these 0 shares would be worth $0.00 @ $201.56
Dividends earned $25.44 in dividends would have been earned since 2021-05-19 with 4 shares. $13 in dividends would have been earned since 2021-05-19 with 2 shares. $6.36 in dividends would have been earned since 2021-05-19 with 1 shares. $0.00 in dividends would have been earned since 2021-05-19 with 0 shares. $0.00 in dividends would have been earned since 2021-05-19 with 2 shares.
Net (gain / loss)* -19.08 USD -9.54 USD -4.77 USD 0.00 USD 0.00 USD
ROI** -2.24% -2.24% -2.24% 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 2022-03-30 1.590 --- 2022-02-17 2022-03-31 2022-04-15
AVB 2021-12-30 1.590 --- 2021-11-18 2021-12-31 2022-01-18
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

Earnings Press Releases


Below are the Earnings Press Releases for AVB. To see the complete Earnings Report please visit the sec.gov.

Year Quarter Title
2022 Q1 AvalonBay Communities, Inc. Announces First Quarter 2022 Operating Results and Second Quarter and Full Year 2022 Financial Outlook
2021 Q4 AvalonBay Communities, Inc. Announces 2021 Operating Results and Initial 2022 Financial Outlook
2021 Q3 AvalonBay Communities, Inc. Announces Third Quarter 2021 Operating Results and Fourth Quarter 2021 Financial Outlook
2021 Q2 AvalonBay Communities, Inc. Announces Second Quarter 2021 Operating Results and Third Quarter and Full Year 2021 Financial Outlook

Financial Statements Overview


The next Earnings Report for AVB is 2022-07-27

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Current Cash 420,251,000 322,294,000 297,036,000 129,298,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 789,029,000 705,638,000 740,371,000 456,611,000
Current Assets (Other) 245,241,000 269,788,000 253,266,000 226,879,000
Short Term Investments 245,241,000 269,788,000 253,266,000 226,879,000
Long-term Investments 19,112,987,000 18,773,329,000 18,576,254,000 18,663,921,000
Property, Plant & Equipment Net 18,709,584,000 18,366,021,000 18,144,531,000 18,253,289,000
Goodwill 0 0 0 0
Intangible Assets 0 0 0 0
Other Assets 40,414,000 55,451,000 49,335,000 47,081,000
Net Tangible Assets 10,932,527,000 10,787,660,000 10,908,019,000 10,668,329,000
Total Assets 19,902,016,000 19,478,967,000 19,316,625,000 19,120,532,000
Accounts Payable 0 0 0 0
Liabilities (Other) 0 0 0 0
Current Liabilities (Other) 695,207,000 732,177,000 693,918,000 730,576,000
Total Current Liabilities 695,207,000 732,177,000 693,918,000 730,576,000
Current Long-term Debt 0 0 0 0
Long-term Debt 8,103,547,000 7,779,304,000 7,533,633,000 7,537,784,000
Total Liabilities 8,969,489,000 8,691,307,000 8,408,606,000 8,452,203,000
Minority Interest 3,934,000 3,706,000 3,607,000 3,432,000
Common Stock 139,506,169 139,386,413 139,373,963 139,291,187
Retained Earnings 240,821,000 128,549,000 272,398,000 47,151,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 10,932,527,000 10,787,660,000 10,908,019,000 10,668,329,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Total Revenue 601,198,000 580,774,000 561,743,000 551,135,000
Cost of Revenue 0 0 0 0
Gross Profit 601,198,000 580,774,000 561,743,000 551,135,000
Research and Development 0 0 0 0
Selling General and Admin 16,481,000 17,313,000 18,465,000 17,352,000
Operating Expense 425,769,000 432,140,000 415,982,000 411,489,000
Operating Income 175,429,000 148,634,000 145,761,000 139,646,000
Income Expense Net (Other) -1,040,000 1,701,000 32,000 427,000
EBIT 179,548,000 157,202,000 172,352,000 140,073,000
Interest Income 55,711,000 55,987,000 56,104,000 52,613,000
Pretax Income 339,597,000 81,026,000 447,987,000 141,479,000
Income Tax 4,299,000 2,179,000 10,000 -755,000
Minority Interest 89,000 -67,000 24,000 11,000
Net Income 334,495,000 78,754,000 447,051,000 141,899,000
Net Income Basic 334,495,000 78,754,000 447,051,000 141,899,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Net Income 334,495,000 78,754,000 447,051,000 141,899,000
Depreciation 197,036,000 193,791,000 184,472,000 183,297,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change 420,251,000 322,294,000 297,036,000 129,298,000
Cash Flow 291,428,000 343,113,000 238,484,000 330,145,000
Capital Expenditures -42,925,000 -50,569,000 -29,487,000 -30,254,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -308,300,000 -404,958,000 245,157,000 -155,952,000
Dividends Paid 0 0 0 0
Net Borrowings 7,438,055,000 7,187,222,000 6,983,331,000 7,181,607,000
Cash Flow Financing 124,810,000 10,590,000 -226,268,000 -257,993,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
6 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.7
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.7
10 Dividend to FFO Core Payout Ratio Health: Analysis of the REIT’s Dividend to FFO Core Payout Ratios during the last four quarters. 8.7
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. 7.4
Rating AFFO & Efficiency Section Avg. Rating
8 FFO Core Trend: Analysis of the REIT’s FFO Core trend during the last two years. 8.5
8 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 6.9
10 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 7.5
Rating Leverage Section Avg. Rating
10 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 6.3
9 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 6.5
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.7
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. 7.1
Rating Asset & Revenue Section Avg. Rating
5 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 7.4
6 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.6
Rating Properties Section Avg. Rating
9 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.3
9 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 7.8
Rating Market Cap Section Avg. Rating
5 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 4.4
8.4 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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Last updated: 2022-05-19 - v3.3