AvalonBay Communities, Inc.

AvalonBay Communities, Inc.

AVB
AvalonBay Communities, Inc.US flagNew York Stock Exchange
187.03
USD
+2.67
- -
26.53BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
11.53
12.88
13.86
14.9
15.65
16.52
16.67
16.39
16.43
18.54
19.55
20.48
21.41
21.68
Basic EPS, GAAP
2.78
5.22
5.54
7.53
6.36
7.05
5.64
5.89
7.19
8.13
6.56
7.61
7.4
8.07
Free Cash Flow per Basic Share
5.71
6.77
8.03
8.45
9.11
9.41
9.48
8.69
8.61
10.16
11.02
11.3
11.77
11.84
Dividend per Share
4.15
4.54
4.9
5.3
5.61
5.83
6.03
6.29
6.36
6.36
6.52
6.76
6.99
7.06
Book Value per Share
-2.71
-2.03
-1.47
0.7
1.38
2.55
2.04
0.91
1.73
3.48
3.39
4.17
2.62
2.41
Tangible Book Value per Share
67.93
69.22
73.57
74.15
75.37
76.93
78.85
76.59
78.3
80.46
83.25
83.93
83.34
82.87
Basic Weighted Avg Shares
127
131
134
137
138
138
139
140
140
140
142
142
142
141
Sales/Revenue/Turnover
1,463
1,685
1,856
2,045
2,159
2,285
2,325
2,301
2,295
2,593
2,768
2,914
3,041
3,065
Operating Margin (%)
24.07
36.3
37.34
38.37
36.99
36.17
36
30.87
26.7
30.28
32.02
31.43
30.25
29.59
Depreciation Expense
560
443
478
531
584
631
662
707
759
815
817
847
913
929
Net Income, GAAP
353
684
742
1,034
877
975
786
828
1,004
1,137
929
1,082
1,051
1,140
Effective Tax Rate (%)
- -
1.4
0.2
0.03
0.02
- -
1.63
- -
0.57
1.27
1.08
0.04
- -
- -
Profit Margin (%)
24.14
40.57
39.98
50.56
40.62
42.66
33.81
35.96
43.76
43.83
33.56
37.13
34.57
37.21
Working Capital
-126
92
-35
-238
-398
-396
-467
-298
-58
75
-164
-479
-1,190
-1,306
LT Debt
6,134
6,490
6,457
7,031
7,329
7,040
7,437
7,746
8,270
8,479
8,135
8,251
8,754
8,754
Total Equity
8,617
9,059
9,851
10,179
10,394
10,636
10,993
10,755
10,936
11,256
11,785
11,941
11,834
11,715
Return on Invested Capital (%)
2.77
3.98
4.34
4.68
4.57
- -
4.56
- -
3.23
3.98
4.42
4.56
- -
- -
Return on Capital (%)
11.03
14.08
14.67
18.23
14.69
- -
13.04
- -
14.93
15.61
12.89
14.99
- -
- -
Return on Common Equity (%)
- -
- -
- -
- -
612.67
359.5
246.97
402.02
543.4
311.94
192.26
201.82
217.83
248.21

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
235
740
770
LT Borrowings
8,491
8,589
8,590
LT Finance Leases
168
165
164
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
142
140
139
Market Capitalization
27,504
25,747
23,092

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
322
353
291
Cash, Cash Equivalents & STI
123
187
121
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
1,068
1,543
1,597
Payables & Accruals
833
803
827
ST Debt
235
740
770
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.87%
1.95%
-0.89%
Free Cash Flow
4.72%
6.71%
3.93%
Net Income, GAAP
5.11%
5.98%
-2.84%
Sales/Revenue/Turnover
5.14%
5.82%
4.36%
Total Cash Common Dividend
4.27%
2.36%
3.16%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
713
726
734
741
2,914
2025
746
760
767
768
3,041
2026
770
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.22
1.78
2.62
1.98
7.61
2025
1.66
1.89
2.68
1.17
7.4
2026
2.33
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.67
1.7
1.7
1.7
6.76
2025
1.71
1.75
1.76
1.77
6.99
2026
1.78
- -
- -
- -
- -

Company Description

MCPAPIChat
CEO
Benjamin W. Schall
Full Time Employees
2,928
Sector
Real Estate
Industry
REIT - Residential
Address
4040 Wilson Boulevard Arlington VA United States of America 22203
IPO Date
Mar 11, 1994
Business
AvalonBay Communities, Inc. AvalonBay Communities, Inc. (NYSE: AVB), a Maryland corporation founded in 1998 through the merger of Avalon Properties, Inc. and Bay Apartment Communities, Inc., operates as a leading real estate investment trust (REIT) focused on the development, redevelopment, acquisition, ownership, and management of high-quality multifamily apartment communities containing approximately 97,000 apartment homes across 12 states and Washington, DC, with headquarters in Arlington, Virginia. The company targets high barrier-to-entry U.S. metropolitan markets characterized by strong employment growth in high-wage sectors, lower housing affordability, and vibrant quality of life, including core coastal regions such as New England, Metro New York/New Jersey, Mid-Atlantic, Pacific Northwest, Northern and Southern California, as well as expansion markets like Denver, Southeast Florida, Dallas, Austin, Charlotte, and Raleigh-Durham; its portfolio features a targeted mix of 75% established and 25% expansion markets, with 80% suburban and 20% urban properties, offering distinctive living experiences under brands including Avalon, AVA, Eaves by Avalon, and Kanso, encompassing studios to multi-bedroom units equipped with modern amenities such as fitness centers, pools, communal spaces, and professional management services delivered through an efficient operating platform emphasizing resident satisfaction, NOI growth, and sustainability initiatives like Scope 1 and 2 GHG emissions reductions. AvalonBay Communities, Inc. systematically lists its core offerings as upscale rental apartments in Established Communities with stabilized occupancy; Other Stabilized Communities; and Development/Redevelopment Communities under construction, serving mid-to-high income renters via an online platform at avaloncommunities.com, while leveraging exceptional development expertise for accretive investments targeting varied renter segments and optimizing portfolio performance through selective dispositions. Recent strategic expansions include the 2025 acquisition of eight apartment communities in Austin and Dallas-Fort Worth, Texas, adding 2,701 homes for approximately $618.5 million to bolster suburban garden-style holdings and operating synergies; the buyout of its joint venture partner's 50% interest in Avalon Alderwood Place, a 328-home community in Lynnwood, Washington, for $71.25 million, consolidating it as a wholly-owned asset; three additional wholly-owned community acquisitions in Q3 2025; the sale of four properties to Foulger Pratt in Washington, DC, aligning with portfolio optimization; completion of four communities adding 600 homes; initiation of two new development projects; the appointment of Conor C. Flynn to its Board of Directors; recognition as 2025 Regional Sector Leader by GRESB; and a new partnership with the Denver Public Schools Foundation celebrated at the Avalon Governor's Park grand opening.

Company News

MCPAPIChat
  • Shareholder Alert: Ademi LLP investigates whether AvalonBay Communities, Inc. is obtaining a Fair Price for Public Shareholders

  • AvalonBay Communities, Inc. Declares Second Quarter 2026 Dividends

  • AvalonBay Communities and Equity Residential Announce Leadership Team for Combined Company

  • Is It Too Late to Buy AvalonBay Communities Inc (AVB) After 3.3% Rally? GF Value Says Undervalued

  • The M&A Class Action Firm Encourages $hareholders to Contact Monteverde Concerning The Merger—AVB, EQR, EVTV, and GBTG

  • Are AVB, EQR, AXTA, LPSN Obtaining Fair Deals for their Shareholders?

  • $HAREHOLDER ALERT: The M&A Class Action Firm Continues to Investigate the Merger--AVB, EQR, AXTA, and LPSN

  • $HAREHOLDER ALERT: The M&A Class Action Firm Continues to Investigate the Merger—AVB, EQR, SEM, and SILA

  • PowerLutions Solar Completes Rooftop Solar Project at AvalonBay's Boonton Community

  • Pass On The Equity Residential And Avalon Bay Merger

  • AvalonBay Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of AvalonBay Communities, Inc. - AVB

  • Are D, AVB, EQR Obtaining Fair Deals for their Shareholders?

  • The Grave Dancer's Playbook: Finding Opportunity In A Frozen Housing Market

  • Shareholder Alert: Ademi LLP investigates whether AvalonBay Communities, Inc. is obtaining a Fair Price for Public Shareholders

  • What the AvalonBay, Equity Residential megamerger means for the apartment industry and rents

  • How Will the AvalonBay and Equity Residential Merger Affect Investors?

  • $HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of AvalonBay Communities, Inc. (NYSE: AVB)

  • AVB Stock Alert: Halper Sadeh LLC is Investigating Whether AvalonBay Communities, Inc. is Obtaining a Fair Price for its Shareholders

  • AvalonBay Communities and Equity Residential Announce Merger of Equals, Creating One of the Country's Leading Real Estate Companies

  • Apartment Owners AvalonBay and Equity Residential Near Deal to Combine