AvalonBay Communities, Inc. (AVB)
| Market Cap | 32.64B |
| Revenue (ttm) | 2.86B |
| Net Income (ttm) | 839.81M |
| Shares Out | 145.23M |
| EPS (ttm) | 5.91 |
| PE Ratio | 38.00 |
| Forward PE | 39.85 |
| Dividend | $6.80 (3.03%) |
| Ex-Dividend Date | Sep 30, 2024 |
| Volume | 329,015 |
| Open | 223.79 |
| Previous Close | 224.15 |
| Day's Range | 223.75 - 225.78 |
| 52-Week Range | 160.45 - 236.26 |
| Beta | 0.99 |
| Analysts | Buy |
| Price Target | 220.31 (-1.96%) |
| Earnings Date | Nov 4, 2024 |
About AVB
AvalonBay Communities, Inc., a member of the S&P 500, is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas 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 the Company's expansion regions of Raleigh-Durham and Charlotte, North Carolina, Southeast Florida, Dallas and Austin, Texas, and Denver, Colorado. As of June 30, 2024, the Company owned or held a direct or indire... [Read more]
Financial Performance
In 2023, AvalonBay Communities's revenue was $2.78 billion, an increase of 6.62% compared to the previous year's $2.61 billion. Earnings were $927.16 million, a decrease of -18.29%.
Financial StatementsAnalyst Forecast
According to 18 analysts, the average rating for AVB stock is "Buy." The 12-month stock price forecast is $220.31, which is a decrease of -1.96% from the latest price.
News
Important Trends For REIT Investors
REIT investors must pay close attention to real estate trends. The office sector remains a mess and likely will for a long time to come. Multifamily is suffering temporarily, but 2025 could be a lot b...
Assessing The Impact Of Mortgage Rates On REITs
Historically, REITs outperform the S&P 500 after rising interest rates, with recent data showing a 25% return from May to September 2024. Mortgage rates impact REITs differently, with lower rates boos...
AvalonBay Communities, Inc. Announces Third Quarter 2024 Earnings Release Date
ARLINGTON, Va.--(BUSINESS WIRE)--AVALONBAY COMMUNITIES, INC. (NYSE: AVB) (the “Company”) will release its third quarter 2024 earnings on November 4, 2024 after the market close. The Company will hold ...
AvalonBay: Balanced Hold Despite Potential Cap Rate Reductions
AvalonBay's stock dropped significantly during the rate hike cycle but soared when rate cut expectations began in November. Strong occupancy rates and rising net operating income highlight AvalonBay's...
AvalonBay Communities, Inc. Declares Third Quarter 2024 Dividends
ARLINGTON, Va.--(BUSINESS WIRE)--AvalonBay Communities, Inc. (NYSE: AVB) (the “Company”) announced today that its Board of Directors declared a cash dividend on the Company's Common Stock (par value $...
2 REITs To Buy BEFORE Rate Cuts
The Fed is expected to cut interest rates later this month. This should greatly benefit REITs. Here are 2 REITs that we expect to surge in value as rates are cut.
AvalonBay Communities, Inc. Announces Participation in Bank of America's Global Real Estate Conference
ARLINGTON, Va.--(BUSINESS WIRE)--AVALONBAY COMMUNITIES, INC. (NYSE: AVB) (the “Company”) announced today that Benjamin W. Schall, the Company's CEO and President, and select members of the Company's m...
AvalonBay Communities, Inc. Prices Public Offering of 3,200,000 Shares of Common Stock
ARLINGTON, Va.--(BUSINESS WIRE)--AVALONBAY COMMUNITIES, INC. (NYSE: AVB) (the “Company”) announced today that it has priced an underwritten public offering of 3,200,000 shares of common stock, all of ...
AvalonBay Communities, Inc. Announces Public Offering of 3,200,000 Shares of Common Stock
ARLINGTON, Va.--(BUSINESS WIRE)--AVALONBAY COMMUNITIES, INC. (NYSE: AVB) (the “Company”) announced today that it is commencing an underwritten public offering of 3,200,000 shares of common stock in co...
AvalonBay Communities, Inc. Provides Third Quarter 2024 Operating Update and Publishes Updated Investor Presentation
ARLINGTON, Va.--(BUSINESS WIRE)--AVALONBAY COMMUNITIES, INC. (NYSE: AVB) (the “Company”) today provided an update on certain third quarter Same Store Residential operating metrics. The Same Store Resi...
AvalonBay: Limited Upside And Overvalued
AvalonBay owns and manages residential properties, with a focus on the West and East Coast markets. It has low leverage, strong liquidity, and a track record of good past performance. However, the cur...
2 REITs To Buy Before Rate Cuts
REITs are surging in value. Interest rates are likely headed to lower levels. Here are 2 REITs that should greatly benefit.
10 REITs With The Best Risk Ratings
REITs have rallied strongly recently, with a 7.93% increase in the past 3 months. Recent economic data suggests rate cuts have changed sentiment towards the real estate sector rapidly. Blue chip REITs...
Massive Apartment Deals Demonstrate Value Of Apartment REITs
Equity Residential bought 11 apartments with 3572 units from Blackstone for $964 million, expanding its presence in Dallas, Denver, and Atlanta. Public apartment REITs are trading below asset value, w...
AvalonBay: With Margin Of Safety Gone, We Downgrade To Hold
AvalonBay shares have performed well, delivering almost 17% total returns in half a year, outpacing the S&P 500 index. The company faces higher operating costs, a more demanding valuation due to incre...
The 'X' Factor For Public REITs
The next cycle for public REITs could be more similar to those of the 1990s and early 2000s than one of the past 14 years. In prior cycles, public REITs enjoyed a cost of capital that allowed for sign...
AvalonBay Communities, Inc. (AVB) Q2 2024 Earnings Call Transcript
AvalonBay Communities, Inc. (NYSE:AVB) Q2 2024 Earnings Conference Call August 1, 2024 1:00 PM ET Company Participants Jason Reilley - VP, IR Benjamin Schall - President, CEO & Director Kevin O'Shea ...
AvalonBay Communities, Inc. Announces Second Quarter 2024 Results and Raises Full Year 2024 Outlook
ARLINGTON, Va.--(BUSINESS WIRE)--AvalonBay Communities, Inc. (NYSE: AVB) (the “Company”) reported Earnings per Share – diluted (“EPS”), Funds from Operations attributable to common stockholders - dilu...
Become A Multifamily Millionaire
Landlords face challenges when tenants stop paying rent, especially with single-family homes. Apartment buildings with multiple units provide more stability, while owning a portfolio of multifamily bu...
If I Had To Retire Today With 12 REITs
REITs are structured for income investors, obligated to pay out 90% of earnings to shareholders, making them an income-producing vehicle. REITs are undervalued and positioned to do well as the rate cu...
AvalonBay Communities, Inc. Issues Latest ESG Report
ARLINGTON, Va.--(BUSINESS WIRE)--AVALONBAY COMMUNITIES, INC. (NYSE: AVB) (the “Company”) announced the release of its thirteenth annual Environmental, Social and Governance (ESG) Report, summarizing t...
If I Had To Retire Today, Here's How I'd Do It
Retirement strategies are not one-size-fits-all due to individual variables like nest egg size, lifestyle costs, and goals. Conventional retirement plans like real estate investing and the 4% rule hav...
What I Wish I Knew Before Investing In REITs Instead Of Rentals
REITs and rental properties are two of the most popular methods for investing in real estate. While REITs have many advantages over rental properties, there are also some important differences between...