Last 7 days
-2.6%
Last 30 days
0.4%
Last 90 days
-1.9%
Trailing 12 Months
-15.0%
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% |
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 | - | - |
40.4%
30.4%
18.5%
Y-axis is the maximum loss one would have experienced if AvalonBay Communities was unfortunately bought at previous high price.
5.5%
2.4%
4.3%
5.2%
FIve years rolling returns for AvalonBay Communities.
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% |
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 |
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% |
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 |
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 |
CONDENSED 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 |
CONDENSED 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 |