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As of December 31, 2018, the Company owned or held a direct or indirect ownership interest in 291 apartment communities containing 85,158 apartment homes in 12 states and the District of Columbia, of which 21 communities were under development and nine communities were under redevelopment. The last earnings update was 16 days ago. More info.
7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
---|---|---|---|---|---|---|
AvalonBay Communities (AVB) | 0.1% | 6.5% | 5.4% | 24.7% | 13.4% | 53.9% |
US REITs | 0.5% | 6.3% | 5.6% | 15.2% | 17.2% | 26.7% |
US Market | 1.4% | 5.6% | 5.7% | 2.3% | 44.2% | 40.9% |
Below are the data sources, inputs and calculation used to determine the intrinsic value for AvalonBay Communities.
Data Point | Source | Value |
---|---|---|
Valuation Model | 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations | |
Levered Adjusted Funds From Operations | Average of 13 Analyst Estimates (S&P Global) | See below |
Discount Rate (Cost of Equity) | See below | 8.5% |
Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
Data Point | Calculation/ Source | Result |
---|---|---|
Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
Equity Risk Premium | S&P Global | 7.3% |
REITs Unlevered Beta | Simply Wall St/ S&P Global | 0.55 |
Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.554 (1 + (1- 21%) (26.25%)) |
0.668 |
Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.8 |
Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 7.27%) |
8.55% |
Discounted Cash Flow Calculation for NYSE:AVB using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model
The calculations below outline how an intrinsic value for AvalonBay Communities is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.
AvalonBay Communities is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.
2019 | 2020 | 2021 | 2022 | 2023 | |
Adjusted Funds From Operations (AFFO) (USD, Millions) | 1,227.94 | 1,298.95 | 1,372.66 | 1,398.09 | 1,431.29 |
Source | Analyst x10 | Analyst x9 | Analyst x3 | Analyst x1 | Analyst x1 |
Present Value Discounted (@ 8.55%) |
1,131.26 | 1,102.46 | 1,073.30 | 1,007.11 | 949.86 |
Present value of next 5 years cash flows | $5,264.00 |
Calculation | Result | |
---|---|---|
Terminal Value |
= FCF2023
× (1 + g) ÷ (Discount Rate – g)
= $1,431.29 × (1 + 2.73%) ÷ (8.55% – 2.73%) |
$25,281.38 |
Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)5
= $25,281.38 ÷ (1 + 8.55%)5 |
$16,777.67 |
Calculation | Result | |
---|---|---|
Total Equity Value |
= Present value of next 5 years cash flows +
Terminal Value
= $5,264.00 + $16,777.67 |
$22,041.67 |
Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $22,041.67 / 138.16 |
$161.03 |
Calculation | Result | |
---|---|---|
Value per share (USD) | From above. | $161.03 |
Current discount | Discount to share price of
$195.91
= -1 x ($195.91 - $161.03) / $161.03 |
-21.7% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Data Point | Source | Value |
---|---|---|
Earnings Per Share * | Company Filings (2018-12-31) in USD | $7.05 |
NYSE:AVB Share Price ** | NYSE (2019-02-21) in USD | $195.91 |
United States of America REITs Industry PE Ratio | Median Figure of 156 Publicly-Listed REITs Companies | 31.79x |
United States of America Market PE Ratio | Median Figure of 3,045 Publicly-Listed Companies | 17.39x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of AvalonBay Communities.
Calculation | Outcome | |
---|---|---|
PE Ratio | = NYSE:AVB Share Price ÷ EPS (both in USD) = 195.91 ÷ 7.05 |
27.79x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Data Point | Source | Value |
---|---|---|
PE Ratio | See PE Ratio Section | 27.79x |
Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts |
-8.4%per year |
United States of America REITs Industry PEG Ratio | Median Figure of 141 Publicly-Listed REITs Companies | 0.87x |
United States of America Market PEG Ratio | Median Figure of 2,118 Publicly-Listed Companies | 1.44x |
*Line of best fit is calculated by linear regression .
Calculation | Outcome | |
---|---|---|
PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 27.79x ÷ -8.4% |
-3.3x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Data Point | Source | Value |
---|---|---|
Book Value per Share | Company Filings (2018-12-31) in USD | $76.97 |
NYSE:AVB Share Price * | NYSE (2019-02-21) in USD | $195.91 |
United States of America REITs Industry PB Ratio | Median Figure of 192 Publicly-Listed REITs Companies | 1.79x |
United States of America Market PB Ratio | Median Figure of 5,129 Publicly-Listed Companies | 1.87x |
Calculation | Outcome | |
---|---|---|
PB Ratio | = NYSE:AVB Share Price ÷ Book Value per Share (both in USD) = 195.91 ÷ 76.97 |
2.55x |
* Primary Listing of AvalonBay Communities.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Data Point | Source | Value (per year) |
---|---|---|
NYSE:AVB Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts | -8.4% |
NYSE:AVB Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts | 4% |
United States of America REITs Industry Earnings Growth Rate | Market Cap Weighted Average | 0.3% |
United States of America REITs Industry Revenue Growth Rate | Market Cap Weighted Average | 3.8% |
United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 12.7% |
United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Data Point | Source | Value |
---|---|---|
Past Financials | Company Filings (1 month ago) | See Below |
Future Estimates | Average of up to 13 Analyst Estimates (S&P Global) | See Below |
Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
---|---|---|---|---|
2023-12-31 | 2,837 | 744 | 1 | |
2022-12-31 | 2,733 | 733 | 1 | |
2021-12-31 | 2,604 | 756 | 4 | |
2020-12-31 | 2,450 | 1,404 | 702 | 13 |
2019-12-31 | 2,348 | 1,312 | 672 | 10 |
Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
---|---|---|---|
2018-12-31 | 2,289 | 975 | |
2018-09-30 | 2,225 | 1,304 | 824 |
2018-06-30 | 2,251 | 1,306 | 870 |
2018-03-31 | 2,221 | 1,272 | 780 |
2017-12-31 | 2,189 | 1,256 | 874 |
2017-09-30 | 2,144 | 1,233 | 879 |
2017-06-30 | 2,057 | 1,183 | 997 |
2017-03-31 | 2,055 | 1,182 | 1,029 |
2016-12-31 | 2,052 | 1,160 | 1,031 |
2016-09-30 | 2,033 | 1,123 | 945 |
2016-06-30 | 2,013 | 1,118 | 795 |
2016-03-31 | 1,955 | 1,098 | 770 |
*GAAP earnings excluding extraordinary items.
Data Point | Source | Value |
---|---|---|
Past Financials | Company Filings (1 month ago) | See Below |
Future Estimates | Average of up to 13 Analyst Estimates (S&P Global) | See Below |
All data from AvalonBay Communities Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
---|---|---|---|---|
2023-12-31 | 5.36 | 5.36 | 5.36 | 1.00 |
2022-12-31 | 5.28 | 5.28 | 5.28 | 1.00 |
2021-12-31 | 5.45 | 5.66 | 5.19 | 3.00 |
2020-12-31 | 5.04 | 5.22 | 4.90 | 8.00 |
2019-12-31 | 4.86 | 5.40 | 4.68 | 10.00 |
Date (Data in USD Millions) | EPS * |
---|---|
2018-12-31 | 7.05 |
2018-09-30 | 5.98 |
2018-06-30 | 6.31 |
2018-03-31 | 5.67 |
2017-12-31 | 6.36 |
2017-09-30 | 6.40 |
2017-06-30 | 7.27 |
2017-03-31 | 7.51 |
2016-12-31 | 7.53 |
2016-09-30 | 6.90 |
2016-06-30 | 5.84 |
2016-03-31 | 5.71 |
*GAAP earnings excluding extraordinary items.
How has AvalonBay Communities performed over the past 5 years?
All data from AvalonBay Communities Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
---|---|---|---|---|
2018-12-31 | 2,289.15 | 974.53 | 56.21 | |
2018-09-30 | 2,225.48 | 823.97 | 53.88 | |
2018-06-30 | 2,251.17 | 869.62 | 51.63 | |
2018-03-31 | 2,221.49 | 780.45 | 50.83 | |
2017-12-31 | 2,189.26 | 874.46 | 50.67 | |
2017-09-30 | 2,143.99 | 879.22 | 49.24 | |
2017-06-30 | 2,056.79 | 997.14 | 49.51 | |
2017-03-31 | 2,054.59 | 1,029.31 | 47.57 | |
2016-12-31 | 2,052.06 | 1,031.39 | 45.77 | |
2016-09-30 | 2,033.13 | 944.83 | 46.85 | |
2016-06-30 | 2,013.18 | 795.00 | 45.39 | |
2016-03-31 | 1,954.98 | 769.95 | 43.71 | |
2015-12-31 | 1,895.45 | 740.26 | 42.77 | |
2015-09-30 | 1,814.55 | 727.14 | 43.88 | |
2015-06-30 | 1,879.76 | 762.20 | 44.71 | |
2015-03-31 | 1,830.01 | 748.15 | 44.59 | |
2014-12-31 | 1,758.84 | 643.87 | 43.36 | |
2014-09-30 | 1,772.92 | 589.83 | 39.06 | |
2014-06-30 | 1,604.25 | 333.34 | 37.65 | |
2014-03-31 | 1,560.00 | 175.91 | 38.77 | |
2013-12-31 | 1,437.12 | 57.63 | 39.57 | |
2013-09-30 | 1,314.14 | 28.78 | 38.97 | |
2013-06-30 | 1,188.57 | 126.85 | 37.46 | |
2013-03-31 | 1,057.78 | 181.47 | 34.43 | |
2012-12-31 | 963.09 | 249.47 | 34.10 | |
2012-09-30 | 991.58 | 231.59 | 34.25 | |
2012-06-30 | 971.04 | 193.57 | 31.96 | |
2012-03-31 | 960.53 | 173.84 | 31.79 |
*GAAP earnings excluding extraordinary items.
How is AvalonBay Communities's financial health and their level of debt?
All data from AvalonBay Communities Company Filings, last reported 1 month ago.
Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
---|---|---|---|
2018-12-31 | 10,635.85 | 7,040.26 | 91.66 |
2018-09-30 | 10,403.48 | 7,533.23 | 55.89 |
2018-06-30 | 10,404.20 | 7,571.28 | 101.57 |
2018-03-31 | 10,341.08 | 7,599.46 | 137.24 |
2017-12-31 | 10,394.10 | 7,349.59 | 67.09 |
2017-09-30 | 10,342.55 | 7,128.03 | 36.04 |
2017-06-30 | 10,291.25 | 6,991.76 | 53.48 |
2017-03-31 | 10,275.40 | 7,005.73 | 121.71 |
2016-12-31 | 10,179.18 | 7,030.88 | 214.99 |
2016-09-30 | 10,046.57 | 6,815.97 | 65.90 |
2016-06-30 | 9,866.49 | 6,833.99 | 182.31 |
2016-03-31 | 9,856.66 | 6,502.58 | 97.54 |
2015-12-31 | 9,850.52 | 6,456.95 | 400.51 |
2015-09-30 | 9,839.97 | 6,306.73 | 318.56 |
2015-06-30 | 9,221.07 | 6,487.13 | 65.13 |
2015-03-31 | 9,108.02 | 6,562.33 | 194.93 |
2014-12-31 | 9,059.17 | 6,489.71 | 509.46 |
2014-09-30 | 9,057.88 | 6,241.77 | 440.03 |
2014-06-30 | 8,837.62 | 6,254.87 | 425.74 |
2014-03-31 | 8,623.07 | 6,381.80 | 386.19 |
2013-12-31 | 8,617.05 | 6,134.35 | 281.36 |
2013-09-30 | 8,491.59 | 6,112.63 | 112.91 |
2013-06-30 | 8,583.28 | 5,853.32 | 111.15 |
2013-03-31 | 8,679.66 | 5,928.29 | 447.46 |
2012-12-31 | 6,847.82 | 3,904.52 | 2,733.62 |
2012-09-30 | 4,728.08 | 3,877.39 | 664.13 |
2012-06-30 | 4,589.56 | 3,464.61 | 358.26 |
2012-03-31 | 4,397.47 | 3,454.75 | 248.24 |
What is AvalonBay Communities's current dividend yield, its reliability and sustainability?
Purchase AvalonBay Communities on or before the 'Buy Limit' to receive their next dividend payment.
Data Point | Source | Value |
---|---|---|
Past Annualized Dividend Yield | S&P Global Market Data | See Below |
Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
Future Dividends per Share Estimates | Average of up to 13 Analyst Estimates (S&P Global) | See Below |
United States of America REITs Industry Average Dividend Yield | Market Cap Weighted Average of 185 Stocks | 4% |
United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2001 Stocks | 2.5% |
United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
United States of America Top 25% Dividend Yield | 75th Percentile | 3.5% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
---|---|---|
2023-12-31 | 7.27 | 2.00 |
2022-12-31 | 7.02 | 2.00 |
2021-12-31 | 6.70 | 5.00 |
2020-12-31 | 6.34 | 14.00 |
2019-12-31 | 6.09 | 13.00 |
Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
---|---|---|
2019-02-04 | 6.080 | 3.121 |
2018-09-18 | 5.880 | 3.251 |
2018-05-23 | 5.880 | 3.371 |
2018-01-31 | 5.880 | 3.634 |
2017-11-09 | 5.680 | 3.194 |
2017-09-14 | 5.680 | 3.141 |
2017-05-18 | 5.680 | 2.980 |
2017-02-01 | 5.680 | 3.080 |
2016-11-10 | 5.400 | 3.161 |
2016-09-12 | 5.400 | 3.147 |
2016-05-19 | 5.400 | 3.025 |
2016-02-03 | 5.400 | 3.003 |
2015-11-12 | 5.000 | 2.809 |
2015-09-02 | 5.000 | 2.877 |
2015-05-22 | 5.000 | 2.984 |
2015-01-28 | 5.000 | 2.935 |
2014-11-19 | 4.640 | 2.775 |
2014-09-04 | 4.640 | 3.097 |
2014-05-21 | 4.640 | 3.180 |
2014-01-29 | 4.640 | 3.524 |
2013-11-20 | 4.280 | 3.577 |
2013-09-10 | 4.280 | 3.363 |
2013-05-22 | 4.280 | 3.224 |
2013-01-30 | 4.280 | 3.288 |
2012-11-08 | 3.880 | 2.893 |
2012-09-07 | 3.880 | 2.840 |
2012-05-23 | 3.880 | 2.727 |
2012-02-01 | 3.880 | 2.794 |
2011-11-15 | 3.570 | 2.812 |
2011-09-15 | 3.570 | 2.900 |
2011-05-12 | 3.570 | 2.727 |
2011-02-16 | 3.570 | 2.982 |
2010-12-08 | 3.570 | 3.167 |
2010-09-07 | 3.570 | 3.282 |
2010-05-19 | 3.570 | 3.551 |
2010-05-05 | 3.570 | 3.522 |
2010-04-28 | 3.570 | 3.398 |
2009-12-14 | 3.570 | 4.285 |
2009-09-16 | 3.570 | 4.913 |
2009-05-21 | 3.570 | 5.928 |
2009-02-24 | 3.570 | 7.052 |
2009-02-23 | 3.570 | 8.322 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Mr. Timothy J. Naughton, also known as Tim, has been the Chief Executive Officer of AvalonBay Communities Inc. since January 1, 2012 and has been its President since February 23, 2015. Mr. Naughton serves as an Officer of the National Association of Real Estate Investment Trusts. Mr. Naughton has over 20 years of experience in the REIT and commercial real estate sectors. Previously, he served as the President at AvalonBay Communities Inc. since February 23, 2005 and was responsible for the performance and coordination of various activities, including development, redevelopment, construction, acquisitions, dispositions, asset management and property operations. Mr. Naughton served as the Chief Operating Officer at AvalonBay Communities Inc. since February 2001 and served as its Chief Investment Officer and Senior Vice President since January 2000. He also served as Regional Vice President of Development and Acquisitions at AvalonBay Communities Inc., with responsibility primarily in the Mid-Atlantic and Midwest regions of the country. He was responsible for the performance and coordination of development, construction, acquisitions, dispositions and property operations. Since August 1993, he served as a Vice President of Development at Avalon Properties Inc., with the responsibility for the Virginia and Maryland markets. He joined the Mid-Atlantic Group of TCR in 1989 and had development responsibilities for multifamily rental communities in Delaware, Virginia and Maryland. Mr. Naughton was a Development Partner at the Mid-Atlantic Group of TCR from 1989 to 1993. From 1987 to 1989, he served as a Development Officer at Bourque/Perez Group in Lexington, Massachusetts, where he directed the development of townhouses and multifamily communities. Mr. Naughton has been Chairman of AvalonBay Communities Inc. since May 22, 2013 and has been its Director since September 1, 2005. He has been a Director of Park Hotels & Resorts Inc. since January 04, 2017. He has been an Independent Director of Welltower Inc. since December 18, 2013. He serves as a Member of National Multi Housing Council, where he serves on the Executive Committee. Mr. Naughton serves on the Board of Governors of National Association of Real Estate Investment Trusts. He was the Chairman of the Multifamily Council of the Urban Land Institute. He serves as a Member of the Real Estate Round Table and the Multifamily Council of the Urban Land Institute. Mr. Naughton holds an Masters of Business Administration from Harvard Business School in 1987 and a B.A. in Economics from the University of Virginia in 1983, where he graduated with High Distinction and was elected to Phi Beta Kappa.
Average tenure and age of the AvalonBay Communities management team in years:
Average tenure and age of the AvalonBay Communities board of directors in years:
Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
---|---|---|---|---|---|---|---|---|---|---|
06. Dec 18 | Sell | Sean Breslin | Individual | 06. Dec 18 | 06. Dec 18 | -39 | $188.50 | $-7,352 | ||
27. Nov 18 | Sell | Stephen Wilson | Individual | 26. Nov 18 | 26. Nov 18 | -2,905 | $185.89 | $-540,010 | ||
21. Nov 18 | Sell | Leo Horey | Individual | 19. Nov 18 | 19. Nov 18 | -2,000 | $186.88 | $-373,760 | ||
21. Nov 18 | Sell | Keri Shea | Individual | 19. Nov 18 | 19. Nov 18 | -1,880 | $185.10 | $-347,983 | ||
20. Nov 18 | Sell | Edward Schulman | Individual | 16. Nov 18 | 16. Nov 18 | -1,400 | $183.76 | $-257,264 | ||
09. Nov 18 | Sell | Kevin O'Shea | Individual | 07. Nov 18 | 07. Nov 18 | -1,000 | $182.24 | $-182,240 | ||
07. Nov 18 | Sell | Kevin O'Shea | Individual | 06. Nov 18 | 06. Nov 18 | -1,500 | $179.51 | $-269,265 | ||
28. Aug 18 | Sell | Sean Breslin | Individual | 24. Aug 18 | 24. Aug 18 | -4,200 | $182.20 | $-765,240 | ||
06. Aug 18 | Sell | Kevin O'Shea | Individual | 03. Aug 18 | 03. Aug 18 | -2,000 | $179.85 | $-359,691 |
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. … So we know that an insider sold shares at around the present share price of US$178
Simply Wall St - – Full article(NYSE:AVB) released its earnings in September 2018, … the consensus outlook from analysts appear … with earnings expected to decline by -17% in the upcoming year
Simply Wall St - – Full articlereal estate investment trust (REIT) based in Arlington, United States. … REIT investors should be familiar with the term Fund from Operations (FFO) – a REIT’s main source of cash flow from its day-to-day business activities … These items can distort the bottom line and not necessarily reflective of AVB’s daily operations
Simply Wall St - – Full articleFirst, this article will compare CEO compensation with compensation at other large companies. … At the time of writing our data says that AvalonBay Communities Inc has a market cap of US$24.2b, and is paying total annual CEO compensation of US$8m. … When we examined a group of companies with market caps over US$8.0b, we found that their median CEO compensation was US$11m.
Simply Wall St - – Full articleOur data shows AvalonBay Communities has a return on equity of 8.4% for the last year. … That means that for every $1 worth of shareholders' equity, it generated $0.084 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articlereal estate investment trust (REIT) based in Arlington, United States. … REITs are basically a portfolio of income-producing real estate investments, which are owned and operated by management of that trust company. … They have to meet certain requirements in order to become a REIT, meaning they should be analyzed a different way.
Simply Wall St - – Full articleImportant news for shareholders and potential investors in AvalonBay Communities Inc (NYSE:AVB): The dividend payment of US$1.47 per share will be distributed into shareholder on 16 July 2018, and the stock will begin trading ex-dividend at an earlier date, 28 June 2018. … Is this future income a persuasive enough catalyst for investors to think about AvalonBay Communities as an investment today? … Whenever I am looking at a potential dividend stock investment, I always check these five metrics:
Simply Wall St - – Full articlePerformance can be measured based on factors such as earnings and total shareholder return (TSR). … I believe earnings is a cleaner proxy, since many factors can impact share price, and therefore, TSR. … Based on AVB's size and performance, in terms of market cap and earnings, it appears that Naughton is paid in-line with the average US large-cap CEO This may mean that AVB is appropriately compensating its CEO.
Simply Wall St - – Full articleAVB's beta implies it may be a stock that investors with high-beta portfolios might find relevant if they wanted to reduce their exposure to market risk, especially during times of downturns. … An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive. … Thus, we can expect AVB to be more volatile in the face of market movements, relative to its peers of similar size but with a lower proportion of fixed assets on their books.
Simply Wall St - – Full articleSee our latest analysis for AvalonBay Communities NYSE:AVB Ownership_summary May 11th 18 Institutional Ownership AVB's 97.51% institutional ownership seems enough to cause large share price movements in the case of significant share sell-off or acquisitions by institutions, particularly when there is a low level of public shares available on the market to trade. … Insider Ownership Another important group of shareholders are company insiders. … Next Steps: The company's high institutional ownership makes margin of safety a very important consideration to existing investors since long bull and bear trends often emerge when these big-ticket investors see a change in long-term potential of the company.
Simply Wall St - – Full article
As of December 31, 2018, the Company owned or held a direct or indirect ownership interest in 291 apartment communities containing 85,158 apartment homes in 12 states and the District of Columbia, of which 21 communities were under development and nine communities were under redevelopment. The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas primarily in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and the Northern and Southern California regions of the United States.
Name: | AvalonBay Communities, Inc. |
AVB | |
Exchange: | NYSE |
Founded: | 1978 |
$26,816,185,384 | |
$26,814,729,634 | |
138,156,545 | |
Website: | http://www.avalonbay.com |
Address: |
AvalonBay Communities, Inc. Ballston Tower, Suite 800, Arlington, Virginia, 22203, United States |
Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
---|---|---|---|---|---|---|---|
NYSE | AVB | Common Stock | New York Stock Exchange | US | USD | 11. Mar 1994 | |
DB | WV8 | Common Stock | Deutsche Boerse AG | DE | EUR | 11. Mar 1994 | |
LSE | 0HJO | Common Stock | London Stock Exchange | GB | USD | 11. Mar 1994 |
Residential REITs | |
Real Estate |
Area | Date (UTC time) |
---|---|
Company Analysis updated: | 2019/02/21 23:33 |
End of day share price update: | 2019/02/21 00:00 |
Last estimates confirmation: | 2019/02/21 |
Last earnings filing: | 2019/02/05 |
Last earnings reported: | 2018/12/31 |
Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.