AvalonBay Communities Management

Management criteria checks 3/4

AvalonBay Communities' CEO is Ben Schall, appointed in Jan 2021, has a tenure of 3.83 years. total yearly compensation is $9.48M, comprised of 10.5% salary and 89.5% bonuses, including company stock and options. directly owns 0.04% of the company’s shares, worth $13.00M. The average tenure of the management team and the board of directors is 10.4 years and 8.2 years respectively.

Key information

Ben Schall

Chief executive officer

US$9.5m

Total compensation

CEO salary percentage	10.5%
CEO tenure	3.8yrs
CEO ownership	0.04%
Management average tenure	10.4yrs
Board average tenure	8.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ben Schall's remuneration changed compared to AvalonBay Communities's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$1b
Jun 30 2024	n/a	n/a	US$840m
Mar 31 2024	n/a	n/a	US$954m
Dec 31 2023	US$9m	US$1m	US$927m
Sep 30 2023	n/a	n/a	US$926m
Jun 30 2023	n/a	n/a	US$1b
Mar 31 2023	n/a	n/a	US$1b
Dec 31 2022	US$9m	US$1m	US$1b
Sep 30 2022	n/a	n/a	US$1b
Jun 30 2022	n/a	n/a	US$813m
Mar 31 2022	n/a	n/a	US$1b
Dec 31 2021	US$16m	US$923k	US$1b

Compensation vs Market: Ben's total compensation ($USD9.48M) is above average for companies of similar size in the UK market ($USD5.73M).

Compensation vs Earnings: Ben's compensation has been consistent with company performance over the past year.

CEO

Ben Schall (49 yo)

3.8yrs

Tenure

US$9,479,687

Compensation

Mr. Benjamin W. Schall, also known as Ben, serves as Chief Executive Officer at AvalonBay Communities, Inc. since January 03, 2022. He has been President and Director at AvalonBay Communities, Inc. since J...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Benjamin Schall	President	3.8yrs	US$9.48m	0.040% $ 13.0m
Kevin O'Shea	Executive VP & CFO	10.4yrs	US$4.31m	0.015% $ 4.9m
Sean Breslin	Chief Operating Officer	9.8yrs	US$4.86m	0.042% $ 13.7m
Matthew Birenbaum	Chief Investment Officer	9.8yrs	US$4.84m	0.046% $ 15.1m
Edward Schulman	Executive VP	25.8yrs	US$2.43m	0.014% $ 4.4m
Keri Shea	Senior VP of Finance	15.8yrs	no data	0.0038% $ 1.2m
Alaine Walsh	Executive Vice President of Human Capital & Administration	less than a year	no data	0.0052% $ 1.7m
Jason Reilley	Vice President of Investor Relations	no data	no data	no data
Kurt Conway	Senior Vice President of Brand Strategy & Marketing	14.3yrs	no data	no data
Ronald Ladell	Senior Vice President of Development - New Jersey	22.8yrs	no data	no data
J. Morris	Head of Construction Group and Senior Vice President of Construction	19.8yrs	no data	no data
Joanne Lockridge	Executive Vice President of Capital Markets	3.7yrs	no data	no data

10.4yrs

Average Tenure

58yo

Average Age

Experienced Management: 0HJO's management team is seasoned and experienced (10.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Benjamin Schall	President	3.8yrs	US$9.48m	0.040% $ 13.0m
Charles Mueller	Independent Director	2yrs	US$274.97k	0.00098% $ 319.3k
Timothy Naughton	Non-Executive Chairman	19.2yrs	US$560.45k	0.079% $ 25.7m
Ronald Havner	Independent Director	10.2yrs	US$304.99k	no data
Glyn Aeppel	Independent Director	11.5yrs	US$274.92k	no data
Terry Brown	Lead Independent Director	9.8yrs	US$302.35k	no data
Stephen Hills	Independent Director	7.2yrs	US$274.92k	0.00036% $ 117.3k
Susan Swanezy	Independent Director	8.2yrs	US$294.81k	no data
Christopher Howard	Independent Director	3.5yrs	US$274.92k	no data
Richard Lieb	Independent Director	8.2yrs	US$299.92k	0.0040% $ 1.3m
Nnenna Lynch	Independent Director	3.5yrs	US$284.92k	no data

8.2yrs

Average Tenure

63yo

Average Age

Experienced Board: 0HJO's board of directors are considered experienced (8.2 years average tenure).

AvalonBay Communities Management

Management criteria checks 3/4

Key information

Recent management updates

Non-Executive Chairman recently sold US$6.2m worth of stock

Executive VP & CFO recently sold US$2.1m worth of stock

AvalonBay Communities, Inc. Appoints Pamela R. Thomas as Executive Vice President for Portfolio and Asset Management

Insufficient new directors

AvalonBay Communities, Inc., Annual General Meeting, May 16, 2024

Chief Investment Officer recently sold US$704k worth of stock

Recent updates

Third quarter dividend of US$1.70 announced

Non-Executive Chairman recently sold US$6.2m worth of stock

AvalonBay Communities, Inc. Declares Cash Dividend for the Fourth Quarter of 2024, Payable on January 15, 2025

Third quarter 2024 earnings released: EPS: US$2.62 (vs US$1.21 in 3Q 2023)

Avalonbay Communities, Inc. Provides Earnings Guidance for the Fourth Quarter of 2024

AvalonBay Communities, Inc. to Report Q3, 2024 Results on Nov 04, 2024

New minor risk - Shareholder dilution

AvalonBay Communities, Inc. has completed a Follow-on Equity Offering in the amount of $710.4 million.

Executive VP & CFO recently sold US$2.1m worth of stock

New minor risk - Profit margin trend

Second quarter 2024 earnings released: EPS: US$1.79 (vs US$2.59 in 2Q 2023)

AvalonBay Communities, Inc. (NYSE:AVB) acquired Cortland Perimeter Park apartments in Morrisville, NC from Oaktree Capital Management, L.P. and Cortland Investment Management, LLC for $66.5 million.

AvalonBay Communities, Inc. (NYSE:AVB) acquired Avalon Cherry Hills, located in Englewood, CO for $95 million.

AvalonBay Communities, Inc. to Report Q2, 2024 Results on Jul 31, 2024

AvalonBay Communities, Inc. Appoints Pamela R. Thomas as Executive Vice President for Portfolio and Asset Management

Insufficient new directors

Avalonbay Communities, Inc. Declares Cash Dividend for the Second Quarter of 2024, Payable on July 15, 2024

Avalonbay Communities, Inc. Provides Earnings Guidance for the Second Quarter and Full Year of 2024

First quarter 2024 earnings released: EPS: US$1.22 (vs US$1.05 in 1Q 2023)

AvalonBay Communities, Inc. to Report Q1, 2024 Results on Apr 25, 2024

Upcoming dividend of US$1.70 per share

New major risk - Revenue and earnings growth

Full year 2023 earnings released: FFO per share: US$10.3 (vs US$9.70 in FY 2022)

AvalonBay Communities, Inc., Annual General Meeting, May 16, 2024

Fourth quarter dividend of US$1.70 announced

Full year 2023 earnings released: EPS: US$6.56 (vs US$8.13 in FY 2022)

Avalonbay Communities, Inc. Provides Earnings Guidance for the First Quarter and Full Year 2024

AvalonBay Communities, Inc. to Report Q4, 2023 Results on Jan 31, 2024

Upcoming dividend of US$1.65 per share at 3.5% yield

Avalonbay Communities, Inc. Declares Fourth Quarter 2023 Dividends, Payable on January 16, 2024

Third quarter 2023 earnings released: EPS: US$1.21 (vs US$3.54 in 3Q 2022)

AvalonBay Communities, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year of 2023

AvalonBay Communities, Inc. (NYSE:AVB) acquired Avalon West Plano.

AvalonBay Communities, Inc. to Report Q3, 2023 Results on Oct 25, 2023

Upcoming dividend of US$1.65 per share at 3.6% yield

AvalonBay Communities, Inc. Declares Cash Dividend for the Third Quarter of 2023, Payable on October 16, 2023

New minor risk - Insider selling

Second quarter 2023 earnings released: EPS: US$2.59 (vs US$0.99 in 2Q 2022)

AvalonBay Communities, Inc. Provides Earnings Guidance for the Third Quarter and Full Year of 2023

Now 20% undervalued

BRIDGE Housing Corporation acquired 195-unit Eaves Daly City complex from AvalonBay Communities, Inc.

AvalonBay Communities, Inc. to Report Q2, 2023 Results on Jul 31, 2023

Upcoming dividend of US$1.65 per share at 3.5% yield

Now 20% undervalued

Now 21% undervalued

Chief Investment Officer recently sold US$704k worth of stock

AvalonBay Communities, Inc. Declares Cash Dividend for the Second Quarter of 2023, Payable on July 17, 2023

First quarter 2023 earnings released: EPS: US$1.05 (vs US$1.87 in 1Q 2022)

Now 20% undervalued

Full year 2022 earnings released: EPS: US$8.13 (vs US$7.19 in FY 2021)

AvalonBay Communities, Inc. Declares Dividend for the First Quarter of 2023, Payable on April 17, 2023

AvalonBay Communities, Inc. to Report Q4, 2022 Results on Feb 08, 2023

Upcoming dividend of US$1.59 per share

Hagens Berman Downtown Seattle Renters Sue Leasing Companies for Allegedly Illegally Inflating Rents in City’s Densest Neighborhoods

AvalonBay Communities, Inc. Announces Board Changes

Third quarter 2022 earnings released: FFO per share: US$2.5 (vs US$1.96 in 3Q 2021)

AvalonBay Communities, Inc. (NYSE : AVB) acquired Avalon Highland Creek in Charlotte, NC for $76.7 million.

Avalonbay Communities, Inc. Provides Earnings Guidance for the Fourth Quarter and Year 2022

Avalonbay Communities, Inc. Announces Board Changes

AvalonBay Communities, Inc. to Report Q3, 2022 Results on Nov 03, 2022

Gelt Inc. acquired Avalon Studio 4121, a 149-unit Class A community in Studio City, California from AvalonBay Communities, Inc. (NYSE:AVB) for $76 million.

Upcoming dividend of US$1.59 per share

Avalonbay Communities, Inc. Declares Dividend for Third Quarter 2022, Payable on October 17, 2022

AvalonBay Communities, Inc. (NYSE:AVB) acquired Altis Miramar and Altra Miramar Multifamily Apartment Community Located in Miramar, Florida from The Altman Companies Inc., BBX Capital Real Estate Corp. and Rockpoint Group, LLC. for $300 million.

Second quarter 2022 earnings released: EPS: US$0.99 (vs US$3.21 in 2Q 2021)

AvalonBay Communities, Inc. Provides Earnings Guidance for the Third Quarter and Full Year 2022

Grosvenor Properties acquired Grosvenor Tower from AvalonBay Communities, Inc. (NYSE:AVB) for $95.3 million.

AvalonBay Communities, Inc. to Report Q2, 2022 Results on Jul 27, 2022

AvalonBay Communities, Inc.(NYSE:AVB) dropped from Russell 1000 Dynamic Index