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AVB

166.89USD-3.41(-2.00%)Market Closed

AvalonBay Communities Inc

Market Summary

USD166.89-3.41Market Closed
-2.00%

AVB Stock Price

RSI Chart

Valuation

Market Cap

24.6B

Price/Earnings

30.14

Price/Sales

10.06

Price/Cashflow

19.26

MarketCap/EBT

29.81

Price/Sales

Profitability

EBT Margin

33.75%

Return on Equity

7.46%

Return on Assets

4.12%

Fundamentals

Revenue

Revenue (TTM)

2.5B

Revenue Y/Y

14.55%

Revenue Q/Q

3.22%

Earnings

Earnings (TTM)

814.8M

Earnings Y/Y

-69.07%

Earnings Q/Q

-47.13%

Price Action

52 Week Range

158.35254.53
(Low)(High)

Last 7 days

-2.3%

Last 30 days

-0.2%

Last 90 days

-20.0%

Trailing 12 Months

-28.7%

Financial Health

Debt/Equity

0.74

Debt/Cashflow

0.16

Investor Care

Dividend Yield

3.62%

Dividend/Share (TTM)

6.36

Shares Dilution (1Y)

0.11%

Diluted EPS (TTM)

8.79

Peers (Alternatives to AvalonBay Communities)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
54.7B
4.0B
4.05% -9.82%
24.01
14.3
23.61% 170.44%
36.1B
5.2B
2.33% -19.47%
14.04
7.05
10.93% 41.97%
29.1B
4.6B
11.66% -32.89%
21.77
6.46
4.35% 106.20%
23.9B
2.5B
0.40% -26.92%
44.1
9.58
24.72% -42.18%
23.7B
2.7B
0.72% -26.09%
20.74
8.86
10.21% 8.14%
13.1B
1.7B
3.13% -3.30%
50.71
7.62
41.60% -73.28%
MID-CAP
7.3B
1.0B
1.56% -14.60%
26.1
7.17
16.50% 74.49%
4.6B
392.5M
-4.84% -43.84%
22.95
13.26
-74.80% 441.99%
4.3B
760.3M
4.55% 7.71%
-39.09
6.74
172.75% -1136.68%
2.5B
796.4M
-8.04% -48.19%
8.02
3.21
-9.94% -109.68%
2.4B
860.3M
3.76% -30.83%
63.8
2.74
5.87% 46.68%
2.1B
-
0.33% 22.89%
32.23
11.01
- -
SMALL-CAP
1.9B
432.4M
1.02% -4.14%
23.11
4.36
3.91% 1705.32%
1.5B
740.6M
-14.57% -34.08%
538.82
1.96
2.16% 107.41%
1.2B
-
7.32% 4.54%
5
3.44
120.87% 1462.96%

Financials for AvalonBay Communities

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue3.5%2,5252,4402,3582,2952,249
  S&GA Expenses-3.7%7073707067
Earnings Before Taxes50.9%1,2438241,1331,0101,009
Net Income-27.5%8151,1241,0041,010
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets2.0%20,16519,76919,87019,90219,479
    Cash Equivalents31.8%201153343420322
Liabilities1.2%8,9518,8488,8898,9668,688
  Long Term Debt0.2%8,0788,0648,0708,170-
Shareholder's Equity2.7%11,21010,91710,97710,93310,788
  Retained Earnings139.4%467195279241129
  Additional Paid-In Capital0.1%10,73910,72710,71110,71610,685
Shares Outstanding0.0%140140140140140
Minority Interest0.2%11111
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations7.6%1,3721,2751,2171,2031,169
  Share Based Compensation5.4%3230272625
Cashflow From Investing38.6%-656.79-1,069.77-558.30-624.05-173.86
Cashflow From Financing-53.8%-663.80-431.74-430.72-348.86-741.97
  Buy Backs-100.0%0186
* denotes actual numbers (not divided by Millions)

Risks

What is the probability of a big loss on AVB?

31.1%


Probability that AvalonBay Communities stock will be more than 20% underwater in next one year

23.5%


Probability that AvalonBay Communities stock will be more than 30% underwater in next one year.

18.5%


Probability that AvalonBay Communities stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does AVB drawdown profile look like?

Y-axis is the maximum loss one would have experienced if AvalonBay Communities was unfortunately bought at previous high price.

Returns

Cumulative Returns on AVB

5.6%


10-Year Cumulative Returns

2.2%


7-Year Cumulative Returns

1.8%


5-Year Cumulative Returns

-5.1%


3-Year Cumulative Returns

What are the long-term rolling returns for AVB?

FIve years rolling returns for AvalonBay Communities.

Which funds bought or sold AVB recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-29
SALEM CAPITAL MANAGEMENT INC
UNCHANGED
-
-19,000
353,000
0.28%
2022-11-29
Bridgefront Capital, LLC
SOLD OFF
-100
-207,000
-
-%
2022-11-23
Toroso Investments, LLC
ADDED
6.79
28,000
2,205,000
0.09%
2022-11-22
CVA Family Office, LLC
ADDED
1,333.33
37,000
40,000
0.01%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
7,850,000
7,850,000
0.09%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
REDUCED
-1.09
-2,822,000
42,600,000
0.07%
2022-11-21
FourThought Financial, LLC
ADDED
6.76
-
29,000
-%
2022-11-21
Ninepoint Partners LP
REDUCED
-14.53
-47,000
202,000
0.03%
2022-11-18
National Pension Service
ADDED
4.76
-1,038,000
47,951,000
0.10%
2022-11-17
CENTRAL TRUST Co
UNCHANGED
-
-
2,000
-%

1–10 of 42

Latest Funds Activity

Are funds buying AVB calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own AVB

AvalonBay Communities News

MarketWatch

Mid-America Apartment Communities Inc. stock falls Tuesday, still outperforms market.11 hours ago

AVB Fair Value

Recent SEC filings of AvalonBay Communities

View All Filings
Date Filed Form Type Document
Nov 29, 2022
424B5
Prospectus Filed
Nov 28, 2022
424B5
Prospectus Filed
Nov 28, 2022
FWP
Prospectus Filed
Nov 10, 2022
3
Insider Trading
Nov 10, 2022
8-K
Current Report
Nov 08, 2022
10-Q
Quarterly Report
Nov 04, 2022
8-K
Current Report
Oct 17, 2022
8-K
Current Report
Sep 29, 2022
8-K
Current Report
Sep 06, 2022
4
Insider Trading

Latest Insider Trading transactions for AVB

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-12-01
MUELLER CHARLES E JR
ACQUIRED
-
-
47
-
2022-11-30
MUELLER CHARLES E JR
ACQUIRED
-
-
546
-
2022-09-01
Brown Terry S.
ACQUIRED
-
-
147
-
2022-09-01
HAVNER RONALD L JR
ACQUIRED
-
-
159
-
2022-09-01
Lynch Nnenna
ACQUIRED
-
-
123
-
2022-09-01
Swanezy Susan
ACQUIRED
-
-
147
-
2022-05-26
Lieb Richard J
ACQUIRED
-
-
852
-
2022-05-26
Lynch Nnenna
ACQUIRED
-
-
852
-
2022-05-26
Aeppel Glyn
ACQUIRED
-
-
852
-
2022-05-26
Hills Stephen P.
ACQUIRED
-
-
852
-

1–10 of 50

Benjamin W. Schall
2930
As of December 31, 2020, the Company owned or held a direct or indirect ownership interest in 291 apartment communities containing 86,025 apartment homes in 11 states and the District of Columbia, of which 18 communities were under development and one community was under redevelopment. The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California, as well as in the Company's expansion markets consisting of Southeast Florida and Denver, Colorado (the "Expansion Markets").

AVB Income Statement

2022-09-30
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue:    
Rental and other income$ 663,889$ 580,079$ 1,920,721$ 1,691,273
Management, development and other fees1,3996953,0542,380
Total revenue665,288580,7741,923,7751,693,653
Expenses:    
Operating expenses, excluding property taxes165,580148,704473,281430,377
Property taxes75,09172,332216,695212,518
Expensed transaction, development and other pursuit costs, net of recoveries6,5144179,8651,900
Interest expense, net57,29055,987172,613164,704
Loss on extinguishment of debt, net1,64617,8901,64617,768
Depreciation expense206,658193,791607,746561,560
General and administrative expense14,61117,31353,32353,130
Casualty and impairment loss01,94003,117
Total expenses527,390508,3741,535,1691,445,074
Income from investments in unconsolidated entities43,7776,86746,57432,959
Gain on sale of communities318,28958467,493388,354
Gain on other real estate transactions, net151,543952,002
Net for-sale condominium activity304158469(1,402)
Income before income taxes500,28381,026903,237670,492
Income tax expense(5,651)(2,179)(7,963)(1,434)
Net income494,63278,847895,274669,058
Net loss attributable to noncontrolling interests1156720832
Net income attributable to common stockholders494,74778,914895,482669,090
Other comprehensive income:    
Gain on cash flow hedges8,1882,01026,1021,188
Cash flow hedge losses reclassified to earnings1,0137,4053,03912,138
Comprehensive income$ 503,948$ 88,329$ 924,623$ 682,416
Earnings per common share - basic:    
Net income attributable to common stockholders (in dollars per share)$ 3.54$ 0.57$ 6.40$ 4.79
Earnings per common share - diluted:    
Net income attributable to common stockholders (in dollars per share)$ 3.53$ 0.56$ 6.40$ 4.79

AVB Balance Sheet

2022-09-30
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Real estate:  
Land and improvements$ 4,625,920$ 4,564,723
Buildings and improvements18,587,86918,198,584
Furniture, fixtures and equipment1,130,5251,036,640
Gross operating real estate24,344,31423,799,947
Less accumulated depreciation(6,671,984)(6,208,610)
Net operating real estate17,672,33017,591,337
Construction in progress, including land1,014,252807,101
Land held for development167,277147,546
For-sale condominium inventory38,509146,535
Real estate assets held for sale, net56,27517,065
Total real estate, net18,948,64318,709,584
Cash and cash equivalents200,999420,251
Cash in escrow286,127123,537
Resident security deposits36,95833,757
Investments in unconsolidated entities217,265216,390
Deferred development costs54,80640,414
Prepaid expenses and other assets274,272211,484
Right of use lease assets145,700146,599
Total assets20,164,77019,902,016
LIABILITIES AND EQUITY  
Unsecured notes, net7,254,3657,349,394
Variable rate unsecured credit facility and commercial paper49,9850
Mortgage notes payable, net713,609754,153
Dividends payable225,437225,392
Payables for construction72,58563,722
Accrued expenses and other liabilities338,661296,006
Lease liabilities165,051166,497
Accrued interest payable67,06150,300
Resident security deposits63,50659,787
Liabilities related to real estate assets held for sale1,067304
Total liabilities8,951,3278,965,555
Commitments and contingencies
Redeemable noncontrolling interests2,8553,368
Equity:  
Preferred stock, $0.01 par value; $25 liquidation preference; 50,000,000 shares authorized at September 30, 2022 and December 31, 2021; zero shares issued and outstanding at September 30, 2022 and December 31, 202100
Common stock, $0.01 par value; 280,000,000 shares authorized at September 30, 2022 and December 31, 2021; 139,828,342 and 139,751,926 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively1,3991,398
Additional paid-in capital10,738,71510,716,414
Accumulated earnings less dividends466,888240,821
Accumulated other comprehensive income (loss)3,035(26,106)
Total stockholders' equity11,210,03710,932,527
Noncontrolling interests551566
Total equity11,210,58810,933,093
Total liabilities and equity$ 20,164,770$ 19,902,016