Market Summary
USD171.73+1.26
Market Closed0.74%
AVB Alerts
AVB Stock Price
AVB RSI Chart
AVB Valuation
AVB Price/Sales (Trailing)
AVB Profitability
AVB Fundamentals
AVB Revenue
AVB Earnings
Price Action
52 Week Range
153.07218.54
(Low)(High)
Last 7 days
-2.6%
Last 30 days
0.4%
Last 90 days
-1.9%
Trailing 12 Months
-15.0%
AVB Financial Health
AVB Investor Care
Peers (Alternatives to AvalonBay Communities)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
PSA | 50.3B | 4.3B | -0.67% | -7.84% | 11.56 | 11.69 | 18.80% | 113.99% |
DLR | 28.8B | 4.9B | 1.25% | -24.57% | 77.2 | 5.88 | 9.82% | -73.28% |
EQR | 22.6B | 2.0B | -1.01% | -20.50% | 24.61 | 11.43 | -20.93% | -31.79% |
ARE | 19.1B | 2.7B | -6.88% | -30.41% | 25.48 | 7.14 | 18.91% | 81.13% |
KIM | 13.2B | 1.7B | -4.07% | -25.83% | 104.43 | 7.61 | 15.49% | -81.09% |
| MID-CAP | ||||||||
FRT | 7.1B | 1.1B | -8.04% | -21.25% | 18.25 | 6.51 | 10.19% | 46.60% |
KRG | 4.3B | 814.4M | -2.26% | -4.29% | 465.69 | 5.23 | 63.41% | 107.43% |
VNO | 2.6B | 1.8B | -10.72% | -60.29% | -6.95 | 1.42 | 9.23% | -286.27% |
MAC | 2.0B | 857.9M | -0.32% | -17.87% | -23.05 | 2.35 | -1.75% | -315.36% |
| SMALL-CAP | ||||||||
SKT | 2.1B | 421.5M | 12.31% | 19.76% | 23.93 | 5.05 | 1.34% | 437.34% |
SLG | 1.4B | 862.4M | -3.29% | -61.71% | -11.46 | 1.67 | 7.01% | -127.00% |
AIV | 1.2B | 184.6M | 6.32% | 29.74% | 12.67 | 6.33 | 2.55% | 1950.56% |
PGRE | 923.1M | 745.2M | 2.66% | -52.44% | -24.26 | 1.24 | 2.17% | -183.81% |
Financials for AvalonBay Communities
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Revenue | 2.3% | 2,654 | 2,593 | 2,525 | 2,440 | 2,358 |
| S&GA Expenses | 4.0% | 77.00 | 74.00 | 70.00 | 73.00 | 70.00 |
| EBITDA | -3.5% | 2,196 | 2,276 | 1,843 | 2,135 | - |
| EBITDA Margin | -6.1% | 0.85* | 0.90* | 0.75* | 0.91* | - |
| Earnings Before Taxes | -9.9% | 1,037 | 1,151 | 1,243 | 824 | 1,133 |
| EBT Margin | -9.8% | 0.44* | 0.49* | 0.34* | 0.48* | - |
| Interest Expenses | 0.1% | 230 | 230 | 228 | 227 | 224 |
| Net Income | -7.7% | 1,136 | 1,231 | 815 | 1,124 | - |
| Net Income Margin | -10.1% | 0.44* | 0.49* | 0.33* | 0.48* | - |
| Free Cahsflow | 3.6% | 1,422 | 1,372 | 1,275 | 1,217 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Assets | -1.4% | 20,175 | 20,458 | 20,165 | 19,769 | 19,870 |
| Cash Equivalents | -38.7% | 376 | 613 | 201 | 153 | 343 |
| Liabilities | -2.2% | 9,003 | 9,202 | 8,951 | 8,848 | 8,889 |
| Long Term Debt | 0.2% | 8,078 | 8,064 | 8,070 | - | - |
| Shareholder's Equity | -0.7% | 11,169 | 11,253 | 11,210 | 10,918 | 10,977 |
| Retained Earnings | -17.2% | 402 | 485 | 467 | 195 | 279 |
| Additional Paid-In Capital | 0.0% | 10,764 | 10,765 | 10,739 | 10,727 | 10,711 |
| Shares Outstanding | 0.1% | 140 | 140 | 140 | 140 | 140 |
| Minority Interest | 0% | 0.00 | 0.00 | 1.00 | 1.00 | 1.00 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Cashflow From Operations | 3.7% | 1,474 | 1,422 | 1,372 | 1,275 | 1,217 |
| Share Based Compensation | 2.8% | 35.00 | 34.00 | 32.00 | 30.00 | 27.00 |
| Cashflow From Investing | -31.6% | -737 | -560 | -656 | -1,069 | -558 |
| Cashflow From Financing | -21.9% | -818 | -671 | -663 | -431 | -430 |
| Buy Backs | Infinity% | 5.00 | 0.00 | 0.00 | - | - |
Risks for AVB
What is the probability of a big loss on AVB?
40.4%
Probability that AvalonBay Communities stock will be more than 20% underwater in next one year
30.4%
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.
Drawdowns
Returns for AVB
Cumulative Returns on AVB
5.5%
10-Year Cumulative Returns
2.4%
7-Year Cumulative Returns
4.3%
5-Year Cumulative Returns
5.2%
3-Year Cumulative Returns
What are the long-term rolling returns for AVB?
FIve years rolling returns for AvalonBay Communities.
Annualized Returns
Which funds bought or sold AVB recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-05-24 | Old North State Trust, LLC | added | 89.31 | 25,000 | 51,000 | 0.04% |
2023-05-23 | Toroso Investments, LLC | added | 136 | 4,600,000 | 7,758,000 | 0.13% |
2023-05-22 | AMERIPRISE FINANCIAL INC | added | 2.66 | 21,601,900 | 339,141,000 | 0.11% |
2023-05-22 | PUTNAM INVESTMENTS LLC | reduced | -18.49 | -497,426 | 2,778,200 | -% |
2023-05-22 | FDx Advisors, Inc. | unchanged | - | - | 769,000 | 0.03% |
2023-05-18 | NEW YORK STATE COMMON RETIREMENT FUND | reduced | -3.74 | 51,000 | 31,652,000 | 0.04% |
2023-05-18 | JPMORGAN CHASE & CO | added | 18.5 | 154,462,000 | 817,348,000 | 0.10% |
2023-05-18 | Border to Coast Pensions Partnership Ltd | sold off | -100 | -12,507,000 | - | -% |
2023-05-17 | Chevy Chase Trust Holdings, LLC | added | 1.02 | 673,552 | 13,846,800 | 0.06% |
2023-05-17 | Ilmarinen Mutual Pension Insurance Co | unchanged | - | 252,000 | 6,466,000 | 0.09% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
AVB Alerts
AvalonBay Communities News
Schedule 13G FIlings of AvalonBay Communities
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | vanguard group inc | 16.38% | 22,919,307 | SC 13G/A | |
| Feb 06, 2023 | state street corp | 6.90% | 9,656,376 | SC 13G/A | |
| Jan 26, 2023 | blackrock inc. | 10.7% | 15,029,314 | SC 13G/A | |
| Jan 20, 2023 | blackrock inc. | 10.7% | 15,029,314 | SC 13G/A | |
| Feb 10, 2022 | state street corp | 6.77% | 9,455,348 | SC 13G/A | |
| Feb 09, 2022 | vanguard group inc | 16.01% | 22,369,485 | SC 13G/A | |
| Feb 07, 2022 | blackrock inc. | 10.9% | 15,215,579 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 15.66% | 21,865,040 | SC 13G/A | |
| Feb 05, 2021 | state street corp | 5.90% | 8,235,431 | SC 13G | |
| Jan 27, 2021 | blackrock inc. | 10.3% | 14,311,266 | SC 13G/A |
AVB Fair Value
AvalonBay Communities fair value in different scenarios
The table shows the Fair Value estimates for AvalonBay Communities for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | 92.98 -45.86% | 112.24 -34.64% | 157.83 -8.09% | 195.42 13.79% | 230.16 34.02% |
| Current Inflation | 87.24 -49.20% | 103.89 -39.50% | 142.23 -17.18% | 173.66 1.12% | 202.65 18.01% |
| Very High Inflation | 80.09 -53.36% | 93.67 -45.46% | 123.79 -27.92% | 148.35 -13.61% | 170.94 -0.46% |
Historical AvalonBay Communities Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of AvalonBay Communities
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| May 26, 2023 | 8-K | Current Report | |
| May 25, 2023 | 4 | Insider Trading | |
| May 25, 2023 | 4 | Insider Trading | |
| May 25, 2023 | 4 | Insider Trading | |
| May 25, 2023 | 4 | Insider Trading | |
| May 24, 2023 | 4 | Insider Trading | |
| May 22, 2023 | 144 | Notice of Insider Sale Intent | |
| May 05, 2023 | 10-Q | Quarterly Report | |
| Apr 27, 2023 | 8-K | Current Report | |
| Apr 10, 2023 | ARS | ARS |
Latest Insider Trading transactions for AVB
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-05-22 | Birenbaum Matthew H. | sold | -704,397 | 176 | -4,000 | chief investment officer |
2023-03-01 | Schall Benjamin | sold (taxes) | - | - | -5,981 | ceo & president |
2023-03-01 | MUELLER CHARLES E JR | acquired | - | - | 149 | - |
2023-03-01 | NAUGHTON TIMOTHY J | sold (taxes) | - | - | -16,111 | - |
2023-03-01 | Lockridge Joanne M | sold (taxes) | - | - | -529 | executive vice president |
2023-03-01 | Birenbaum Matthew H. | sold (taxes) | - | - | -4,272 | chief investment officer |
2023-03-01 | SCHULMAN EDWARD M | sold (taxes) | - | - | -1,598 | evp-general counsel |
2023-03-01 | HAVNER RONALD L JR | acquired | - | - | 193 | - |
2023-03-01 | Breslin Sean J. | sold (taxes) | - | - | -4,133 | chief operating officer |
2023-03-01 | Shea Keri A | sold (taxes) | - | - | -368 | svp-finance and treasurer |
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
2023-03-31CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands | 3 Months Ended | |
|---|---|---|
Mar. 31, 2023 | Mar. 31, 2022 | |
| Revenue: | ||
| Rental and other income | $ 673,642 | $ 613,175 |
| Management, development and other fees | 1,066 | 752 |
| Total revenue | 674,708 | 613,927 |
| Expenses: | ||
| Operating expenses, excluding property taxes | 164,832 | 151,312 |
| Property taxes | 74,495 | 70,738 |
| Expensed transaction, development and other pursuit costs, net of recoveries | 2,992 | 987 |
| Interest expense, net | 56,821 | 56,526 |
| Depreciation expense | 204,743 | 201,786 |
| General and administrative expense | 20,400 | 17,421 |
| Casualty loss | 5,051 | 0 |
| Total expenses | 529,334 | 498,770 |
| Income from unconsolidated investments | 4,845 | 317 |
| (Loss) gain on sale of communities | (13) | 148,800 |
| Other real estate activity | 129 | 273 |
| Income before income taxes | 150,335 | 264,547 |
| Income tax expense | (3,560) | (2,471) |
| Net income | 146,775 | 262,076 |
| Net loss (income) attributable to noncontrolling interests | 127 | (32) |
| Net income attributable to common stockholders | 146,902 | 262,044 |
| Other comprehensive income: | ||
| (Loss) gain on cash flow hedges | (340) | 10,155 |
| Cash flow hedge losses reclassified to earnings | 354 | 1,013 |
| Comprehensive income | $ 146,916 | $ 273,212 |
| Earnings per common share - basic: | ||
| Net income attributable to common stockholders (in dollars per share) | $ 1.05 | $ 1.87 |
| Earnings per common share - diluted: | ||
| Net income attributable to common stockholders (in dollars per share) | $ 1.05 | $ 1.87 |
AVB Balance Sheet
2023-03-31CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
|---|---|---|
| Real estate: | ||
| Land and improvements | $ 4,645,240 | $ 4,640,971 |
| Buildings and improvements | 18,852,853 | 18,804,510 |
| Furniture, fixtures and equipment | 1,202,848 | 1,174,135 |
| Gross operating real estate | 24,700,941 | 24,619,616 |
| Less accumulated depreciation | (7,058,327) | (6,878,556) |
| Net operating real estate | 17,642,614 | 17,741,060 |
| Construction in progress, including land | 1,211,405 | 1,072,543 |
| Land held for development | 177,889 | 179,204 |
| Real estate assets held for sale, net | 11,832 | 0 |
| Total real estate, net | 19,043,740 | 18,992,807 |
| Cash and cash equivalents | 254,466 | 613,189 |
| Cash in escrow | 121,598 | 121,056 |
| Resident security deposits | 36,347 | 36,815 |
| Unconsolidated investments | 219,143 | 212,084 |
| Deferred development costs | 64,348 | 58,489 |
| Prepaid expenses and other assets | 296,995 | 279,993 |
| Right of use lease assets | 138,258 | 143,331 |
| Total assets | 20,174,895 | 20,457,764 |
| LIABILITIES AND EQUITY | ||
| Unsecured notes, net | 7,353,721 | 7,602,305 |
| Variable rate unsecured credit facility and commercial paper | 0 | 0 |
| Mortgage notes payable, net | 713,174 | 713,740 |
| Dividends payable | 233,375 | 226,022 |
| Payables for construction | 84,978 | 72,802 |
| Accrued expenses and other liabilities | 322,851 | 306,186 |
| Lease liabilities | 157,414 | 162,671 |
| Accrued interest payable | 73,295 | 54,100 |
| Resident security deposits | 64,097 | 63,700 |
| Total liabilities | 9,002,905 | 9,201,526 |
| Commitments and contingencies | ||
| Redeemable noncontrolling interests | 2,734 | 2,685 |
| Equity: | ||
| Preferred stock, $0.01 par value; $25 liquidation preference; 50,000,000 shares authorized at March 31, 2023 and December 31, 2022; zero shares issued and outstanding at March 31, 2023 and December 31, 2022 | 0 | 0 |
| Common stock, $0.01 par value; 280,000,000 shares authorized at March 31, 2023 and December 31, 2022; 140,002,856 and 139,916,864 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively | 1,401 | 1,400 |
| Additional paid-in capital | 10,764,461 | 10,765,431 |
| Accumulated earnings less dividends | 401,879 | 485,221 |
| Accumulated other comprehensive income (loss) | 1,438 | 1,424 |
| Total stockholders' equity | 11,169,179 | 11,253,476 |
| Noncontrolling interests | 77 | 77 |
| Total equity | 11,169,256 | 11,253,553 |
| Total liabilities and equity | $ 20,174,895 | $ 20,457,764 |