AvalonBay Communities, Inc.

NYSE:AVB Stock Report

Market Cap: US$31.6b

AvalonBay Communities Past Earnings Performance

Past criteria checks 4/6

AvalonBay Communities has been growing earnings at an average annual rate of 4.5%, while the Residential REITs industry saw earnings growing at 9.2% annually. Revenues have been growing at an average rate of 5.2% per year. AvalonBay Communities's return on equity is 8.8%, and it has net margins of 35.5%.

Key information

4.5%

Earnings growth rate

4.2%

EPS growth rate

Residential REITs Industry Growth11.1%
Revenue growth rate5.2%
Return on equity8.8%
Net Margin35.5%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

AvalonBay Stock: 6 Reasons Why I'm Skeptical Of The Price

Nov 22

AvalonBay: Balanced Hold Despite Potential Cap Rate Reductions

Sep 24

AvalonBay: Limited Upside And Overvalued

Sep 04

AvalonBay: No Margin Of Safety At The Current Price

Jun 28

AvalonBay: Encouraging Rent Trends Make Shares Attractive

May 02

AvalonBay Communities: The Sunbelt Region Has A New Player In Town

Apr 10

AvalonBay: Hard To See Alpha At This Valuation

Mar 05

AvalonBay Communities: Better Way To Own Real Estate

Jan 12

AvalonBay Communities: Why We Chose This Residential REIT Over Its Peers

Dec 30

4%-Yielding AvalonBay Communities Is An Undervalued Income Generator

Nov 17

AvalonBay And Camden: Which If Any To Buy Today

Oct 31

AvalonBay: Steady Growth Potential At A Reasonable Valuation

Oct 14

AvalonBay Gives You Value, Growth, And Income

Sep 04

AvalonBay Communities: A Stable Dividend Option In Real Estate

Jun 23

AvalonBay Vs. Essex Property: What's The Best REIT To Buy Today?

May 26

AvalonBay: When Strong Balance Sheets Collide With Weak Macro

Feb 06

AvalonBay: Quality Income Stock On Sale

Jan 28

AvalonBay Near 52-Week Low Is An Excellent Opportunity

Dec 20

AvalonBay Communities closes $350M senior note offering

Dec 07

AvalonBay Communities declares $1.59 dividend

Nov 11

Revenue & Expenses Breakdown

How AvalonBay Communities makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:AVB Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 242,9261,040760
30 Jun 242,861840770
31 Mar 242,826954760
31 Dec 232,781927770
30 Sep 232,713926820
30 Jun 232,7231,249800
31 Mar 232,6741,020830
31 Dec 222,6091,135800
30 Sep 222,5541,228730
30 Jun 222,432813720
31 Mar 222,3741,122690
31 Dec 212,3331,002700
30 Sep 212,2751,008690
30 Jun 212,2611,077660
31 Mar 212,249800620
31 Dec 202,303826580
30 Sep 202,348653640
30 Jun 202,365784630
31 Mar 202,366782670
31 Dec 192,327784670
30 Sep 192,3131,001620
30 Jun 192,300914640
31 Mar 192,2921,000610
31 Dec 182,289972610
30 Sep 182,266824570
30 Jun 182,260870530
31 Mar 182,221780520
31 Dec 172,189874540
30 Sep 172,104879490
30 Jun 172,048997500
31 Mar 172,0461,029480
31 Dec 162,0521,031460
30 Sep 162,033945470
30 Jun 162,013795450
31 Mar 161,964770440
31 Dec 151,895740430
30 Sep 151,815727440
30 Jun 151,880762450
31 Mar 151,821748450
31 Dec 141,759644430
30 Sep 141,773590390
30 Jun 141,604333380
31 Mar 141,560176390
31 Dec 131,43758400

Quality Earnings: AVB has a large one-off gain of $296.2M impacting its last 12 months of financial results to 30th September, 2024.

Growing Profit Margin: AVB's current net profit margins (35.5%) are higher than last year (34.1%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: AVB's earnings have grown by 4.5% per year over the past 5 years.

Accelerating Growth: AVB's earnings growth over the past year (12.2%) exceeds its 5-year average (4.5% per year).

Earnings vs Industry: AVB earnings growth over the past year (12.2%) exceeded the Residential REITs industry 8.4%.

Return on Equity

High ROE: AVB's Return on Equity (8.8%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 08:11
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

AvalonBay Communities, Inc. is covered by 55 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jacob KilsteinArgus Research Company
Andrew BabinBaird
Ross SmotrichBarclays