Last 7 days
2.5%
Last 30 days
3.5%
Last 90 days
-3.4%
Trailing 12 Months
4.9%
Year | Q1 | Q2 | Q3 | Q4 |
---|---|---|---|---|
2023 | 2.7B | 2.7B | 2.7B | 0 |
2022 | 2.4B | 2.4B | 2.5B | 2.6B |
2021 | 2.3B | 2.2B | 2.2B | 2.3B |
2020 | 2.4B | 2.4B | 2.3B | 2.3B |
2019 | 2.3B | 2.3B | 2.3B | 2.3B |
2018 | 2.2B | 2.2B | 2.3B | 2.3B |
2017 | 2.1B | 2.1B | 2.1B | 2.2B |
2016 | 1.9B | 2.0B | 2.0B | 2.0B |
2015 | 1.7B | 1.8B | 1.8B | 1.9B |
2014 | 1.6B | 1.6B | 1.6B | 1.7B |
2013 | 1.1B | 1.2B | 1.3B | 1.5B |
2012 | 950.7M | 964.1M | 982.1M | 1.0B |
2011 | 886.3M | 902.5M | 919.8M | 936.4M |
2010 | 851.7M | 854.6M | 861.7M | 874.0M |
2009 | 825.3M | 826.2M | 825.9M | 851.1M |
2008 | 749.3M | 770.8M | 792.3M | 813.8M |
2007 | 0 | 0 | 0 | 727.8M |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
Dec 04, 2023 | schulman edward m | sold | - | - | -224 | evp-general counsel |
Dec 01, 2023 | breslin sean j. | gifted | - | - | -125 | chief operating officer |
Dec 01, 2023 | mueller charles e jr | acquired | - | - | 140 | - |
Dec 01, 2023 | brown terry s. | acquired | - | - | 190 | - |
Dec 01, 2023 | schulman edward m | sold | - | - | -8,455 | evp-general counsel |
Dec 01, 2023 | swanezy susan | acquired | - | - | 169 | - |
Dec 01, 2023 | havner ronald l jr | acquired | - | - | 183 | - |
Sep 01, 2023 | havner ronald l jr | acquired | - | - | 179 | - |
Sep 01, 2023 | mueller charles e jr | acquired | - | - | 138 | - |
Sep 01, 2023 | brown terry s. | acquired | - | - | 186 | - |
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
Dec 01, 2023 | B. Riley Wealth Advisors, Inc. | sold off | -100 | -502,592 | - | -% |
Nov 30, 2023 | Neo Ivy Capital Management | new | - | 3,610,000 | 3,610,000 | 1.59% |
Nov 28, 2023 | BAR HARBOR WEALTH MANAGEMENT | reduced | -59.79 | -1,545,960 | 888,239 | 0.07% |
Nov 27, 2023 | USA FINANCIAL FORMULAS | sold off | -100 | -379 | - | -% |
Nov 24, 2023 | DEUTSCHE BANK AG\ | added | 6.48 | -14,998,600 | 428,778,000 | 0.28% |
Nov 22, 2023 | KBC Group NV | unchanged | - | - | 9,556,000 | 0.04% |
Nov 22, 2023 | Public Sector Pension Investment Board | added | 7.24 | -138,025 | 4,982,860 | 0.04% |
Nov 21, 2023 | Walleye Trading LLC | new | - | 1,266,070 | 1,266,070 | -% |
Nov 21, 2023 | Walleye Capital LLC | new | - | 4,537,710 | 4,537,710 | 0.01% |
Nov 17, 2023 | Diversified Trust Co | new | - | 346,399 | 346,399 | 0.01% |
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 |
Date Filed | Form Type | Document | |
---|---|---|---|
Dec 05, 2023 | 424B5 | Prospectus Filed | |
Dec 05, 2023 | 4 | Insider Trading | |
Dec 05, 2023 | 4 | Insider Trading | |
Dec 05, 2023 | 4 | Insider Trading | |
Dec 05, 2023 | 4 | Insider Trading | |
Dec 05, 2023 | 4 | Insider Trading | |
Dec 05, 2023 | 4 | Insider Trading | |
Dec 04, 2023 | FWP | Prospectus Filed | |
Dec 04, 2023 | 424B5 | Prospectus Filed | |
Nov 03, 2023 | 10-Q | Quarterly Report |
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
AMT | 98.2B | 11.1B | 12.88% | -0.83% | 154.18 | 8.88 | 5.85% | -77.77% |
CCI | 50.8B | 7.1B | 20.58% | -12.70% | 32.75 | 7.19 | 2.84% | -3.84% |
AVB | 24.9B | 2.7B | 3.53% | 4.91% | 26.8 | 9.1 | 8.23% | -24.59% |
ARE | 20.0B | 2.8B | 20.33% | -16.83% | 26.64 | 7.46 | 12.15% | -54.56% |
AMH | 12.7B | - | -0.26% | 10.49% | 30.26 | 7.71 | -74.13% | 64.54% |
MID-CAP | ||||||||
REG | 10.0B | 1.3B | 4.15% | -2.48% | 20.64 | 8.14 | 5.88% | -18.75% |
BXP | 9.9B | 3.2B | 10.28% | -3.15% | 54.49 | 3.07 | 6.05% | -80.01% |
FRT | 8.1B | 1.1B | 5.19% | -7.19% | 28.02 | 7.22 | 6.86% | -24.99% |
MAC | 2.8B | 873.6M | 20.91% | 3.15% | -8.23 | 3.15 | 1.54% | -294.39% |
SLG | 2.7B | 674.9M | 20.30% | 25.00% | -5.7 | 3.99 | 9.26% | -627.28% |
SMALL-CAP | ||||||||
AAT | 1.3B | - | 7.56% | -19.96% | 20.22 | 2.65 | 3.89% | 17.90% |
MFA | 1.1B | 578.6M | 9.99% | -0.64% | -382.89 | 1.9 | 29.91% | 98.52% |
AIV | 1.0B | 339.3M | 15.61% | -11.79% | -5.71 | 2.79 | 88.48% | -168.70% |
NYMT | 811.6M | 242.8M | 13.29% | -14.22% | -6.33 | 3.34 | -1.99% | 43.00% |
IVR | 394.0M | 274.5M | 3.70% | -36.24% | -59.72 | 1.44 | 54.00% | 98.69% |
Income Statement (Quarterly) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 |
Revenue | 1.0% | 698 | 691 | 675 | 670 | 665 | 645 | 614 | 601 | 581 | 562 | 551 | 555 | 567 | 576 | 602 | 594 | 588 | 577 | 566 | 579 | 576 |
Costs and Expenses | 5.8% | 546 | 516 | 529 | 521 | 527 | 509 | 499 | 482 | 508 | 474 | 462 | 464 | 456 | 444 | 463 | 431 | 428 | 429 | 409 | - | - |
Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 430 | 428 | 430 | 410 | 438 | 420 |
S&GA Expenses | 15.8% | 20.00 | 18.00 | 20.00 | 21.00 | 15.00 | 21.00 | 17.00 | 16.00 | 17.00 | 18.00 | 17.00 | 13.00 | 14.00 | 16.00 | 17.00 | 13.00 | 13.00 | 19.00 | 14.00 | 16.00 | 15.00 |
EBITDA Margin | -100.0% | - | 0.85* | 0.79* | 0.85* | 0.90* | 0.75* | 0.91* | 0.87* | 0.87* | 0.90* | 0.45* | 0.45* | 0.37* | 0.43* | 0.43* | 0.43* | - | - | - | - | - |
Interest Expenses | -6.7% | 48.00 | 52.00 | 57.00 | 57.00 | 57.00 | 59.00 | 57.00 | 56.00 | 56.00 | 56.00 | 53.00 | 52.00 | 53.00 | 53.00 | 56.00 | 54.00 | 51.00 | 50.00 | 48.00 | 55.00 | 54.00 |
Income Taxes | 2114.7% | 4.00 | -0.22 | 4.00 | 7.00 | 6.00 | -0.16 | 2.00 | 4.00 | 2.00 | 0.00 | -0.75 | -2.18 | -0.03 | -1.13 | 0.00 | 2.00 | 11.00 | - | -0.01 | -0.25 | 0.00 |
Earnings Before Taxes | -52.1% | 176 | 368 | 150 | 248 | 500 | 138 | 265 | 340 | 81.00 | 448 | 141 | 339 | 148 | 170 | 168 | 169 | 291 | 168 | 170 | 385 | 192 |
EBT Margin | -100.0% | - | 0.47* | 0.39* | 0.44* | 0.49* | 0.34* | 0.48* | 0.44* | 0.45* | 0.48* | 0.35* | 0.36* | 0.28* | 0.34* | 0.34* | 0.34* | - | - | - | - | - |
Net Income | -53.2% | 172 | 368 | 147 | 241 | 495 | 139 | 262 | 335 | 79.00 | 448 | 142 | 341 | 148 | 171 | 168 | 168 | 280 | 168 | 170 | 386 | 192 |
Net Income Margin | -100.0% | - | 0.46* | 0.38* | 0.44* | 0.49* | 0.33* | 0.48* | 0.44* | 0.45* | 0.48* | 0.36* | 0.36* | 0.28* | 0.33* | 0.33* | 0.34* | - | - | - | - | - |
Free Cashflow | -100.0% | - | 346 | 396 | 341 | 440 | 296 | 344 | 291 | 343 | 238 | 330 | 258 | 333 | 287 | 342 | 307 | - | - | - | - | - |
Balance Sheet | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 |
Assets | -0.5% | 20,703 | 20,806 | 20,175 | 20,458 | 20,165 | 19,769 | 19,870 | 19,902 | 19,479 | 19,317 | 19,121 | 19,199 | 19,145 | 19,351 | 19,891 | 19,121 | 19,060 | 18,933 | 18,640 | 18,380 | 18,662 |
Cash Equivalents | 1.4% | 780 | 770 | 254 | 613 | 201 | 153 | 343 | 544 | 322 | 297 | 129 | 217 | 88.00 | 323 | 778 | 128 | 246 | 244 | 63.00 | 218 | 56.00 |
Liabilities | -0.7% | 8,924 | 8,989 | 9,003 | 9,202 | 8,951 | 8,848 | 8,889 | 8,966 | 8,688 | 8,405 | 8,449 | 8,444 | 8,472 | 8,478 | 8,976 | 8,128 | 8,242 | 8,179 | 7,903 | 7,744 | 8,259 |
Shareholder's Equity | -0.3% | 11,778 | 11,815 | 11,169 | 11,253 | 11,210 | 10,918 | 10,977 | 10,933 | 10,788 | 10,909 | 10,669 | 10,752 | 10,670 | 10,871 | 10,913 | 10,990 | 10,815 | 10,751 | 10,734 | 10,633 | 10,397 |
Retained Earnings | -11.8% | 471 | 534 | 402 | 485 | 467 | 195 | 279 | 241 | 129 | 272 | 47.00 | 126 | 30.00 | 172 | 226 | 283 | 329 | 263 | 307 | 351 | 168 |
Additional Paid-In Capital | 0.1% | 11,279 | 11,269 | 10,764 | 10,765 | 10,739 | 10,727 | 10,711 | 10,716 | 10,685 | 10,671 | 10,658 | 10,664 | 10,681 | 10,743 | 10,732 | 10,737 | 10,529 | 10,519 | 10,458 | 10,307 | 10,249 |
Shares Outstanding | 0.0% | 142 | 142 | 140 | 140 | 140 | 140 | 140 | 140 | 140 | 140 | 140 | 140 | 140 | 141 | 141 | 141 | 140 | 140 | 139 | 140 | 138 |
Minority Interest | 0% | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | - | - | - |
Cashflow (Quarterly) | ||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 |
Cashflow From Operations | 36.0% | 471,263,000 | 346,461,000 | 396,118,000 | 341,492,000 | 440,392,000 | 296,368,000 | 343,680,000 | 291,428,000 | 343,113,000 | 238,484,000 | 330,145,000 | 257,541,000 | 333,157,000 | 287,213,000 | 341,704,000 | 306,882,000 | 377,190,000 | 275,946,000 | 361,786,000 | 320,554,000 | 355,260,000 |
Share Based Compensation | -6.4% | 6,734,000 | 7,194,000 | 7,921,000 | 7,090,000 | 9,093,000 | 10,711,000 | 6,970,000 | 4,845,000 | 7,475,000 | 7,803,000 | 5,382,000 | 3,850,000 | 5,883,000 | 6,532,000 | 5,338,000 | 4,811,000 | 7,091,000 | 8,098,000 | 5,621,000 | 4,663,000 | 5,490,000 |
Cashflow From Investing | -833.2% | -284,987,000 | -30,538,000 | -267,339,000 | -211,930,000 | 8,019,000 | -266,308,000 | -90,200,000 | -308,300,000 | -404,958,000 | 245,157,000 | -155,952,000 | 141,890,000 | -136,195,000 | -49,061,000 | -136,067,000 | -436,665,000 | -167,180,000 | -276,838,000 | -313,186,000 | -101,195,000 | -178,775,000 |
Cashflow From Financing | -238.5% | -353,168,000 | 255,011,000 | -486,960,000 | 117,557,000 | -221,476,000 | -227,280,000 | -339,857,000 | 124,810,000 | 10,590,000 | -226,268,000 | -257,993,000 | -268,299,000 | -430,256,000 | -690,879,000 | 535,170,000 | -77,357,000 | -205,300,000 | 135,729,000 | -71,257,000 | -283,086,000 | -244,791,000 |
Dividend Payments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 212,179,000 | 212,172,000 | 211,796,000 | 203,499,000 | 203,087,000 | 203,082,000 |
Buy Backs | -100.0% | - | 782,000 | 1,129,000 | - | - | - | - | - | - | - | - | 46,418,000 | - | - | - | - | - | - | - | - | - |
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Revenue: | ||||
Rental and other income | $ 695,701 | $ 663,889 | $ 2,057,492 | $ 1,920,721 |
Management, development and other fees | 1,934 | 1,399 | 5,712 | 3,054 |
Total revenue | 697,635 | 665,288 | 2,063,204 | 1,923,775 |
Expenses: | ||||
Operating expenses, excluding property taxes | 175,191 | 165,580 | 509,871 | 473,281 |
Property taxes | 78,399 | 75,091 | 227,882 | 216,695 |
Expensed transaction, development and other pursuit costs, net of recoveries | 18,959 | 6,514 | 23,212 | 9,865 |
Interest expense, net | 48,115 | 57,290 | 156,521 | 172,613 |
Gain (Loss) on Extinguishment of Debt | 150 | 1,646 | 150 | 1,646 |
Depreciation expense | 200,982 | 206,658 | 606,271 | 607,746 |
General and administrative expense | 20,466 | 14,611 | 58,542 | 53,323 |
Casualty loss | 3,499 | 0 | 8,550 | 0 |
Total expenses | 545,761 | 527,390 | 1,590,999 | 1,535,169 |
Income from unconsolidated investments | 1,930 | 43,777 | 11,745 | 46,574 |
Gain on sale of communities | 22,121 | 318,289 | 209,430 | 467,493 |
Other real estate activity | 237 | 319 | 707 | 564 |
Income before income taxes | 176,162 | 500,283 | 694,087 | 903,237 |
Income tax expense | (4,372) | (5,651) | (7,715) | (7,963) |
Net income | 171,790 | 494,632 | 686,372 | 895,274 |
Net loss attributable to noncontrolling interests | 241 | 115 | 484 | 208 |
Net income attributable to common stockholders | 172,031 | 494,747 | 686,856 | 895,482 |
Other comprehensive income: | ||||
Gain on cash flow hedges | 15,502 | 8,188 | 23,988 | 26,102 |
Cash flow hedge losses reclassified to earnings | 354 | 1,013 | 1,062 | 3,039 |
Comprehensive income | $ 187,887 | $ 503,948 | $ 711,906 | $ 924,623 |
Earnings per common share - basic: | ||||
Net income attributable to common stockholders (in dollars per share) | $ 1.21 | $ 3.54 | $ 4.86 | $ 6.40 |
Earnings per common share - diluted: | ||||
Net income attributable to common stockholders (in dollars per share) | $ 1.21 | $ 3.53 | $ 4.86 | $ 6.40 |
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
---|---|---|
Real estate: | ||
Land and improvements | $ 4,671,252 | $ 4,640,971 |
Buildings and improvements | 19,043,489 | 18,804,510 |
Furniture, fixtures and equipment | 1,252,247 | 1,174,135 |
Gross operating real estate | 24,966,988 | 24,619,616 |
Less accumulated depreciation | (7,349,202) | (6,878,556) |
Net operating real estate | 17,617,786 | 17,741,060 |
Construction in progress, including land | 1,317,350 | 1,072,543 |
Land held for development | 183,158 | 179,204 |
Real estate assets held for sale, net | 24,731 | 0 |
Total real estate, net | 19,143,025 | 18,992,807 |
Cash and cash equivalents | 508,571 | 613,189 |
Restricted cash | 271,535 | 121,056 |
Unconsolidated investments | 217,449 | 212,084 |
Deferred development costs | 64,147 | 58,489 |
Prepaid expenses and other assets | 362,332 | 316,808 |
Right of use lease assets | 135,779 | 143,331 |
Total assets | 20,702,838 | 20,457,764 |
LIABILITIES AND EQUITY | ||
Unsecured notes, net | 7,207,793 | 7,602,305 |
Variable rate unsecured credit facility and commercial paper, net | 69,989 | 0 |
Mortgage notes payable, net | 669,212 | 713,740 |
Dividends payable | 237,599 | 226,022 |
Payables for construction | 95,758 | 72,802 |
Accrued expenses and other liabilities | 355,676 | 306,186 |
Lease liabilities | 154,451 | 162,671 |
Accrued interest payable | 69,174 | 54,100 |
Resident security deposits | 63,856 | 63,700 |
Total liabilities | 8,923,508 | 9,201,526 |
Commitments and contingencies | ||
Redeemable noncontrolling interests | 1,729 | 2,685 |
Equity: | ||
Preferred stock, $0.01 par value; $25 liquidation preference; 50,000,000 shares authorized at September 30, 2023 and December 31, 2022; zero shares issued and outstanding at September 30, 2023 and December 31, 2022 | 0 | 0 |
Common stock, $0.01 par value; 280,000,000 shares authorized at September 30, 2023 and December 31, 2022; 142,013,995 and 139,916,864 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively | 1,420 | 1,400 |
Additional paid-in capital | 11,278,650 | 10,765,431 |
Accumulated earnings less dividends | 470,980 | 485,221 |
Accumulated other comprehensive income | 26,474 | 1,424 |
Total stockholders' equity | 11,777,524 | 11,253,476 |
Noncontrolling interests | 77 | 77 |
Total equity | 11,777,601 | 11,253,553 |
Total liabilities and equity | $ 20,702,838 | $ 20,457,764 |
 CEO | Mr. Benjamin W. Schall |
---|---|
 WEBSITE | www.avalonbay.com |
 EMPLOYEES | 2859 |