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Avalonbay Communities inc   (AVB)
Other Ticker:  
 
 
Price: $207.3700 $-1.28 -0.613%
Day's High: $210.01 Week Perf: 2.05 %
Day's Low: $ 206.65 30 Day Perf: 2.46 %
Volume (M): 449 52 Wk High: $ 211.20
Volume (M$): $ 93,171 52 Wk Avg: $183.74
Open: $210.01 52 Wk Low: $160.45



 Market Capitalization (Millions $) 29,482
 Shares Outstanding (Millions) 142
 Employees 2,927
 Revenues (TTM) (Millions $) 2,806
 Net Income (TTM) (Millions $) 955
 Cash Flow (TTM) (Millions $) 47
 Capital Exp. (TTM) (Millions $) 1,280

Avalonbay Communities Inc

AvalonBay Communities, Inc. is a Maryland corporation that has elected to be treated as a real estate investment trust, or REIT, for federal income tax purposes. We engage in the development, redevelopment, acquisition, ownership and operation of multifamily communities in high barrier-to-entry markets of the United States. These barriers-to-entry generally include a difficult and lengthy entitlement process with local jurisdictions and dense urban or suburban areas where zoned and entitled land is in limited supply. Our markets are located in the Northeast, Mid-Atlantic, Midwest, Pacific Northwest, and Northern and Southern California regions of the United States. We focus on these markets because we believe that, long term, the limited new supply of apartment homes and lower housing affordability in these markets will result in larger increases in cash flows relative to other markets over an entire business cycle. In addition to increasing the rental revenues of our operating assets, we believe these market attributes will increase the value of our operating assets and enable us to create additional value through the development and selective acquisition of multifamily housing.

We generally obtain ownership in an apartment community by developing a new community on vacant land or by acquiring and either repositioning or redeveloping an existing community. In selecting sites for development, redevelopment or acquisition, we favor locations that are near expanding employment centers and convenient to recreation areas, entertainment, shopping and dining.


Our real estate investments consist of the following reportable segments: Established Communities, Other Stabilized Communities and Development/Redevelopment Communities. Established Communities are generally operating communities that are consolidated for financial reporting purposes and that were owned and had stabilized occupancy and operating expenses as of the beginning of the prior year. Other Stabilized Communities are generally all other operating communities that have stabilized occupancy and operating expenses as of the beginning of the current year, but that had not achieved stabilization as of the beginning of the prior year. Development/ Redevelopment Communities consist of communities that are under construction, communities where substantial redevelopment is in progress or is planned to begin during the current year and communities under lease-up.

Our principal financial goal is to increase long-term stockholder value by successfully and cost-effectively developing, redeveloping, acquiring, owning and operating high-quality communities in our selected markets that contain features and amenities desired by residents, as well as by providing our residents with efficient and effective service. To help fulfill this goal, we regularly monitor our investment allocation by geographic market and product type, develop, redevelop and acquire apartment communities in high barrier-to-entry markets with growing or high potential for demand and high for-sale housing costs, selectively sell apartment communities that no longer meet our long-term strategy or when opportunities are presented to realize a portion of the value created through our investment and redeploy the proceeds from those sales, and endeavor to maintain a capital structure that is aligned with our business risks such that we maintain continuous access to cost-effective capital. Our long-term strategy is to more deeply penetrate the high barrier-to-entry markets in our chosen regions with a broad range of products and services and an intense focus on our customer. A substantial majority of our current communities are upscale, which generally command among the highest rents in their markets. However, we also pursue the ownership and operation of apartment communities that target a variety of customer segments and price points, consistent with our goal of offering a broad range of products and services.

Competition
We face competition from other real estate investors, including insurance companies, pension and investment funds, partnerships and investment companies and other apartment REITs, to acquire and develop apartment communities and acquire land for future development. As an owner and operator of apartment communities, we also face competition for prospective residents from other operators whose communities may be perceived to offer a better location or better amenities or whose rent may be perceived as a better value proposition given the quality, location and amenities that the resident seeks. We also compete with the condominium and single-family home markets. Although we often compete against large sophisticated developers and operators for development opportunities and for prospective residents, real estate developers and operators of any size can provide effective competition for both real estate assets and potential residents.



   Company Address: 4040 Wilson Blvd., Suite 1000 Arlington 22203 VA
   Company Phone Number: 329-6300   Stock Exchange / Ticker: NYSE AVB
   


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
MITT        1.9% 
SPG        2.26% 
LEN        7.39% 
• View Complete Report
   



Business Update

AvalonBay Communities, Inc. Provides Updates on Operating Performance and Investor Enga...

Published Sat, Jun 1 2024 7:27 AM UTC

AVALONBAY COMMUNITIES, INC. (NYSE: AVB), a leading real estate investment trust (REIT) focusing on the development, acquisition, and operation of multifamily communities, recently announced its participation in several prominent industry events and published presentations to update investors on its operating performance.The company disclosed its upcoming participation in th...

Business Update

AvalonBay Communities, Inc.: Strategic Engagement and Detailed Q2 2024 Perfo...

Published Fri, May 31 2024 9:38 PM UTC

AvalonBay Communities, Inc. (NYSE: AVB) has announced its active participation in Nareit's REITweek Conference, scheduled from June 3 to June 6, 2024. This annual event is a key gathering for the real estate investment trust (REIT) industry, bringing together investors, analysts, and industry leaders to discuss market trends, strategic initiatives, and industry outlooks. REI...

Avalonbay Communities Inc

Double Digit EPS Rise Signals Strong Performance for Real Estate Investment Trust

Arlington, Virginia-based real estate investment trust (REIT) AvalonBay Communities Inc. (NYSE: AVB) recently released its earnings report for the fourth quarter of 2023, indicating a slight decrease in earnings per share (EPS) and a modest increase in Funds from Operations (FFO) per share and Core FFO per share compared to the same quarter in the previous year.
In terms of EPS, AvalonBay reported a decline of 1.2%, with earnings per share standing at $1.70 for Q4 2023, compared to $1.72 in Q4 2022. On the other hand, FFO per share increased by 2.3%, reaching $2.63 in Q4 2023, compared to $2.57 in Q4 2022. Similarly, Core FFO per share showed an improvement, growing from $2.59 in Q4 2022 to $2.74 in Q4 2023.

Business Update

AvalonBay Communities Inc. Faces Mixed Results in Q4 2023: Analyzing Competitor Comparisons and Market Share Decline

Published Fri, Mar 1 2024 11:15 PM UTC

AvalonBay Communities Inc., a leading real estate investment trust that develops, redevelops, and manages multifamily apartment communities, recently announced its participation in the prestigious 2024 Citi Global Property CEO Conference. The event will provide the company's CEO, Benjamin W. Schall, and other key executives with an opportunity to discuss the current operatin...

Avalonbay Communities Inc

AVB's Revenue Soars But Earnings Take a Hit in Q4 of 2023

AVB Reports Increase in Revenue but Decrease in Income for Q4 2023
ARLINGTON, Va. - AvalonBay Communities, Inc. (NYSE: AVB) announced its fourth-quarter earnings for 2023, reporting a 5.232% increase in revenue to $704.71 million compared to $669.67 million in the previous year. Despite the growth in revenue, the company also experienced a decrease of -3.14% in income, with earnings per share falling to $1.68 from $1.73 in the prior year financial reporting period.
This discrepancy in earnings was in contrast to the rest of the Real Estate Investment Trusts industry, where AvalonBay Communities Inc's business gain fell short by 16.78% compared to the fourth quarter of 2022. However, revenue still grew by 1.014% from $697.64 million in the preceding period, and income increased by 38.64% from $1.21 per share.






 

Avalonbay Communities Inc's Segments
 
Northeast
 Segment     of total Revenue
MidAtlantic
 Segment     of total Revenue
Pacific Northwest
 Segment     of total Revenue
Northern California
 Segment     of total Revenue
Southern California
 Segment     of total Revenue
Other Stabilized
 Segment     of total Revenue
Development and Redevelopment
 Segment     of total Revenue
 
• View Complete Report

Avalonbay Communities Inc's Operating Statistics Decrease / Increase
       
Northeast communities units    Northeast communities units Growth   
MidAtlantic communities units    MidAtlantic communities units Growth   
Midwest communities units     
Pacific Northwest communities units    Pacific Northwest communities units Growth   
Northern California communities units    Northern California communities units Growth   
Southern California communities units    Southern California communities units Growth   
Other Stabilized communities units   Other Stabilized communities units Decline   
Total communities units    Total communities units Growth   
Northeast apartment homes units    Northeast apartment homes units Growth   
MidAtlantic apartment homes units    MidAtlantic apartment homes units Growth   
Midwest apartment homes units     
Pacific Northwest apartment homes units    Pacific Northwest apartment homes units Growth   
Northern California apartment homes units    Northern California apartment homes units Growth   
Southern California apartment homes units    Southern California apartment homes units Growth   
Other Stabilized apartment homes units   Other Stabilized apartment homes units Decline   
Total apartment homes units    Total apartment homes units Growth   
Northeast communities Avg. Rev. ($ thousands)   Northeast communities Avg. Rev. ($ thousands) Decline   
MidAtlantic communities Avg. Rev. ($ thousands)   MidAtlantic communities Avg. Rev. ($ thousands) Decline   
Midwest communities Avg. Rev. ($ thousands)     
Pacific Northwest communities Avg. Rev. ($ thousands)   Pacific Northwest communities Avg. Rev. ($ thousands) Decline   
Northern California communities Avg. Rev. ($ thousands)   Northern California communities Avg. Rev. ($ thousands) Decline   
Southern California communities Avg. Rev. ($ thousands)   Southern California communities Avg. Rev. ($ thousands) Decline   
Other Stabilized communities Avg. Rev. ($ thousands)    Other Stabilized communities Avg. Rev. ($ thousands) Growth   
Total communities Avg. Rev. ($ thousands)   Total communities Avg. Rev. ($ thousands) Decline   
Northeast apartment homes Avg. Rev. ($)   Northeast apartment homes Avg. Rev. ($) Decline   
MidAtlantic apartment homes Avg. Rev. ($)   MidAtlantic apartment homes Avg. Rev. ($) Decline   
Midwest apartment homes Avg. Rev. ($)     
Pacific Northwest apartment homes Avg. Rev. ($)   Pacific Northwest apartment homes Avg. Rev. ($) Decline   
Northern California apartment homes Avg. Rev. ($)   Northern California apartment homes Avg. Rev. ($) Decline   
Southern California apartment homes Avg. Rev. ($)   Southern California apartment homes Avg. Rev. ($) Decline   
Other Stabilized apartment homes Avg. Rev. ($)    Other Stabilized apartment homes Avg. Rev. ($) Growth   
Total apartment homes Avg. Rev. ($)   Total apartment homes Avg. Rev. ($) Decline   
Boston Average Rent / Month $    Boston Average Rent / Month $ Growth   
New Jersey Average Rent / Month $    New Jersey Average Rent / Month $ Growth   
New York Average Rent / Month $    New York Average Rent / Month $ Growth   
Washington D.C. Average Rent / Month $    Washington D.C. Average Rent / Month $ Growth   
San Francisco Average Rent / Month $    San Francisco Average Rent / Month $ Growth   
Los Angeles Average Rent / Month $    Los Angeles Average Rent / Month $ Growth   
Seattle Average Rent / Month $    Seattle Average Rent / Month $ Growth   
Total Average Rent / Month $    Total Average Rent / Month $ Growth   




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