A Business at a Glance
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AvalonBay Communities, Inc. (the "Company," "we," "our" and "us" which terms, unless the context otherwise requires, refer to AvalonBay Communities, Inc. together with its subsidiaries), is a Maryland corporation that has elected to be treated as a real estate investment trust ("REIT") for federal income tax purposes. We develop, redevelop, acquire, own and operate apartment communities 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 our expansion regions of Raleigh-Durham and Charlotte, North Carolina, Southeast Florida, Dallas and Austin, Texas, and Denver, Colorado. We use the term apartment communities to refer to properties that consist of apartment homes or townhomes or a combination of both.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 3.0B | 3.0B | 2.9B | 2.8B | 2.6B | 2.3B |
| Net Income | 1.1B | 1.1B | 1.1B | 929M | 1.1B | 1.0B |
| EPS | $7.40 | $7.40 | $7.60 | $6.56 | $8.12 | $7.19 |
| Free Cash Flow | 1.4B | 1.4B | 1.4B | 1.4B | 1.3B | 1.1B |
| ROIC | 10.1% | 10.4% | 10.3% | 10.2% | 9.9% | 8.6% |
| Gross Margin | 44.4% | 44.4% | 45.3% | 45.9% | 44.3% | 42.1% |
| Debt/Equity | 0.74 | 0.74 | 0.62 | 0.62 | 0.68 | 0.67 |
| Dividends/Share | $6.98 | $7.00 | $6.80 | $6.60 | $6.36 | $6.36 |
| Operating Income | 2.0B | 2.0B | 2.0B | 1.9B | 1.8B | 1.5B |
| Operating Margin | 66.5% | 66.5% | 67.8% | 68.2% | 68.1% | 66.0% |
| ROE | 9.1% | 8.9% | 9.1% | 7.9% | 10.1% | 9.2% |
| Shares Outstanding | 142M | 142M | 142M | 142M | 140M | 140M |
AVALONBAY COMMUNITIES INC passes 3 of 9 quality checks, indicating weak fundamentals.
AVALONBAY COMMUNITIES INC trades at 22.9x trailing earnings, compared to its 15-year median P/E of 23.6x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 17.1x vs a median of 17.6x. The company's 5-year average ROIC is 9.9% with a gross margin of 44.4%. Total shareholder yield (dividends + buybacks) is 6.1%. At current prices, the estimated annualized return to fair value is +1.8%.
AVALONBAY COMMUNITIES INC (AVB) has a current P/E ratio of 22.9, compared to its historical median P/E of 23.6. The stock is currently considered Fair based on its historical valuation range.
AVALONBAY COMMUNITIES INC (AVB) has a 5-year average return on invested capital (ROIC) of 9.9%. This is below average and may indicate limited pricing power.
AVALONBAY COMMUNITIES INC (AVB) has a market capitalization of $24.1B. It is classified as a large-cap stock.
Yes, AVALONBAY COMMUNITIES INC (AVB) pays a dividend with a trailing twelve-month yield of 4.12%. The company also returns capital through share buybacks, with a buyback yield of 2.03%.
Based on historical P/E analysis, AVALONBAY COMMUNITIES INC (AVB) appears fair. The current P/E of 22.9 is 3% below its historical median of 23.6. The estimated fair value CAGR (P/E method) is 3.2%.
AVALONBAY COMMUNITIES INC (AVB) operates in the Real Estate Investment Trusts industry, within the Real Estate sector.
AVALONBAY COMMUNITIES INC (AVB) reported annual revenue of $3.0 billion in its most recent fiscal year, based on SEC EDGAR filings.
AVALONBAY COMMUNITIES INC (AVB) has a net profit margin of 34.6%. This is a strong margin indicating high profitability.
AVALONBAY COMMUNITIES INC (AVB) generated $1.4 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
AVALONBAY COMMUNITIES INC (AVB) has a debt-to-equity ratio of 0.74. This indicates moderate leverage.
AVALONBAY COMMUNITIES INC (AVB) reported earnings per share (EPS) of $7.40 in its most recent fiscal year.
AVALONBAY COMMUNITIES INC (AVB) has a return on equity (ROE) of 8.9%. This indicates moderate shareholder returns.
AVALONBAY COMMUNITIES INC (AVB) has a 5-year average gross margin of 44.4%. This indicates decent pricing power.
The Ledger Terminal provides 19 years of financial data for AVALONBAY COMMUNITIES INC (AVB), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
AVALONBAY COMMUNITIES INC (AVB) has a book value per share of $81.73, based on its most recent annual SEC filing.