0R15 8520.0 0.0% 0R1E 8203.0 0.0% 0M69 21090.0 67.5139% 0R2V 226.02 9878.8079% 0QYR None None% 0QYP 412.97 -2.8306% 0RUK 2652.0 -9.2402% 0RYA 1554.0 -0.7029% 0RIH 174.55 -1.3563% 0RIH 165.15 -5.3853% 0R1O 198.5 9800.2494% 0R1O None None% 0QFP None None% 0M2Z 267.777 -0.1763% 0VSO 32.05 -9.9846% 0R1I None None% 0QZI 559.0 0.7207% 0QZ0 220.0 0.0% 0NZF None None% 0YXG 165.7358 2.7149%

AvalonBay Communities Inc

Real Estate US AVB

230.63USD
2.49(1.09%)

Last update at 2024-11-21T21:06:00Z

Day Range

227.88232.01
LowHigh

52 Week Range

148.74196.75
LowHigh

Fundamentals

  • Previous Close 228.14
  • Market Cap26731.49M
  • Volume451488
  • P/E Ratio28.56
  • Dividend Yield3.51%
  • EBITDA1664.69M
  • Revenue TTM2713.30M
  • Revenue Per Share TTM19.27
  • Gross Profit TTM 1689.58M
  • Diluted EPS TTM6.59

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 1151.08M 1010.09M 824.46M 799.11M 974.17M
Minority interest 0.34M -0.05700M 0.08M 0.13M 3.24M
Net income 1136.78M 1004.30M 827.63M 785.97M 974.52M
Selling general administrative 74.06M 69.61M 60.34M 58.04M 56.20M
Selling and marketing expenses - - - 3.81M -
Gross profit 1674.33M 1440.91M 1478.16M 1556.52M 1521.68M
Reconciled depreciation 814.98M 758.60M 707.33M 661.58M 631.20M
Ebit 822.12M 651.29M 716.91M 845.55M 849.55M
Ebitda 1637.10M 1409.88M 1424.24M 1507.13M 1480.75M
Depreciation and amortization 814.98M 758.60M 707.33M 661.58M 631.20M
Non operating income net other 595.78M 621.90M 325.57M 175.20M 390.59M
Operating income 822.12M 651.29M 716.91M 845.55M 826.41M
Other operating expenses 1824.72M 1682.15M 1590.78M 1487.73M 1450.25M
Interest expense 230.07M 220.41M 214.15M 203.59M 220.97M
Tax provision 14.65M 5.73M -3.24700M 13.00M -0.16000M
Interest income 53.39M 38.59M 6.42M 8.65M 15.27M
Net interest income -230.07400M -220.41500M -214.15100M -203.58500M -220.97400M
Extraordinary items - - - - -
Non recurring - 3.12M - 203.59M 225.50M
Other items - - - - -
Income tax expense 14.65M 5.73M -3.24700M 13.00M -0.16000M
Total revenue 2593.45M 2294.85M 2301.26M 2324.63M 2284.53M
Total operating expenses 905.61M 828.21M 767.67M 719.62M 687.40M
Cost of revenue 919.11M 853.94M 823.10M 768.11M 762.85M
Total other income expense net 328.96M 358.80M 107.55M -46.44600M 360.87M
Discontinued operations - - - - -
Net income from continuing ops 1136.44M 1004.36M 827.71M 812.11M 974.17M
Net income applicable to common shares 1134.68M 1004.30M 827.63M 785.97M 971.69M
Preferred stock and other adjustments - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 20457.76M 19902.02M 19199.14M 19121.05M 18380.20M
Intangible assets - - - - -
Earning assets - - - - -
Other current assets 247.46M 211.48M 207.72M 164.97M 292.74M
Total liab 9201.53M 8965.56M 8444.29M 8127.60M 7744.35M
Total stockholder equity 11253.55M 10933.09M 10752.17M 10990.20M 10632.61M
Deferred long term liab 69.71M 55.60M 55.43M 70.49M 47.44M
Other current liab 586.31M -63.72200M -93.60900M -92.13500M 548.69M
Common stock 1.40M 1.40M 1.40M 1.41M 1.39M
Capital stock 1.40M 1.40M 1.40M 1.41M 1.39M
Retained earnings 485.22M 240.82M 126.02M 282.91M 350.78M
Other liab 63.70M 862.01M 879.96M 61.75M 58.41M
Good will - - - - -
Other assets 19456.63M 544.51M 18714.95M 578.47M 200.75M
Cash 613.19M 420.25M 216.98M 39.69M 91.66M
Cash and equivalents 613.19M 420.25M 216.98M 39.69M 91.66M
Total current liabilities 659.11M 64.03M 93.92M 92.51M 645.67M
Current deferred revenue - - - - -
Net debt 7702.86M 7683.30M 7347.36M 7256.60M 6948.60M
Short term debt 63.70M 754.15M 2003.09M 61.75M 58.41M
Short long term debt - - - - -
Short long term debt total 8316.05M 8103.55M 7564.34M 7296.29M 7040.26M
Other stockholder equity 10765.51M 10716.98M 10665.01M 10737.38M 10306.59M
Property plant equipment 19168.67M 18398.44M 18233.78M 18061.21M 17591.01M
Total current assets 771.06M 596.14M 362.50M 161.84M 249.68M
Long term investments 212.08M 216.39M 202.61M 18598.79M 217.43M
Net tangible assets 11256.16M 10933.09M 10754.26M 10992.80M 10632.61M
Short term investments 212.08M 216.39M - - -
Net receivables -122.12200M 18.59M 18.16M - -
Long term debt 8316.05M 8103.55M 7657.95M 7388.43M 7040.26M
Inventory 32.53M -54.19000M -80.34800M 457.81M 139.92M
Accounts payable 72.80M 63.72M 93.61M 92.14M 96.98M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity 0.08M 0.57M 0.59M 0.65M -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 1.42M -26.10600M -40.25000M -31.50300M -26.14400M
Additional paid in capital - - - - -
Common stock total equity 1.40M 1.40M 1.40M 1.41M 1.39M
Preferred stock total equity - - - - -
Retained earnings total equity 485.22M 240.82M 126.02M 282.91M 350.78M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 19331.29M 18942.89M 18478.76M 18668.45M 17913.09M
Deferred long term asset charges - - - - -
Non current assets total 19686.70M 19305.88M 18836.64M 18959.21M 18130.52M
Capital lease obligations 162.67M 166.50M 181.48M 140.47M -
Long term debt total 8336.11M 8167.27M 7657.95M 7388.43M 7137.25M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments 26.13M 64.40M 14.32M 12.54M 84.95M
Change to liabilities 17.18M 4.49M 3.21M 8.62M 2.82M
Total cashflows from investing activities -560.41900M -624.05300M -179.43300M -1193.86900M -596.65100M
Net borrowings 190.93M 518.07M 250.91M 241.57M 64.02M
Total cash from financing activities -671.05600M -348.86100M -854.26400M -218.18500M -688.50200M
Change to operating activities 10.01M 10.00M -25.46300M -10.49700M 20.25M
Net income 1136.44M 1004.36M 827.71M 786.10M 974.17M
Change in cash 190.46M 230.26M 185.92M -90.25000M 15.96M
Begin period cash flow 543.79M 313.53M 127.61M 217.86M 201.91M
End period cash flow 734.25M 543.79M 313.53M 127.61M 217.86M
Total cash from operating activities 1421.93M 1203.17M 1219.62M 1321.80M 1301.11M
Issuance of capital stock 20.02M 31.87M 3.46M 409.73M 52.26M
Depreciation 814.98M 758.60M 707.33M 661.58M 631.20M
Other cashflows from investing activities 1072.33M 880.79M 758.69M 407.01M 883.90M
Dividends paid -890.03100M -888.69800M -883.64400M -840.13100M 805.71M
Change to inventory - - - - -
Change to account receivables - - -0.25800M - -
Sale purchase of stock 19.16M 1098.64M -183.87600M 480.05M 595.38M
Other cashflows from financing activities 342.29M -18.97100M 1295.18M -40.26300M -15.33600M
Change to netincome -554.59400M -581.64500M -299.29300M -124.31700M -334.97700M
Capital expenditures 174.71M 153.24M 137.04M 140.89M 86.93M
Change receivables - - - - -
Cash flows other operating -7.16700M 7.23M -28.67500M -19.11800M 18.25M
Exchange rate changes - - - - -
Cash and cash equivalents changes 190.46M 230.26M 185.92M -90.25000M 15.96M
Change in working capital 10.01M 10.00M -25.46300M -10.49700M 20.25M
Stock based compensation 33.86M 25.50M 21.60M 25.62M 20.28M
Other non cash items -573.35700M 12.55M 18.60M 11.88M 10.14M
Free cash flow 1247.23M 1049.93M 1082.58M 1180.91M 1214.18M

Peer Comparison

Sector: Real Estate Industry: REIT - Residential

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
AVB
AvalonBay Communities Inc
2.49 1.09% 230.63 28.56 34.97 9.75 2.25 12.45 17.28
EQR
Equity Residential
1.13 1.53% 75.05 35.33 38.31 8.20 2.12 10.94 13.97
INVH
Invitation Homes Inc
0.12 0.37% 33.83 42.22 44.44 8.97 2.05 12.04 19.45
SUI
Sun Communities Inc
2.17 1.71% 128.43 73.72 58.48 5.47 2.11 7.63 19.90
ESS
Essex Property Trust Inc
3.75 1.25% 304.34 30.13 40.98 9.62 2.85 12.97 16.74

Reports Covered

Stock Research & News

Profile

As of September 30, 2023, the Company owned or held a direct or indirect ownership interest in 296 apartment communities containing 89,240 apartment homes in 12 states and the District of Columbia, of which 17 communities were under development and one community was under redevelopment. The Company 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.

AvalonBay Communities Inc

4040 Wilson Boulevard, Arlington, VA, United States, 22203

Key Executives

Name Title Year Born
Mr. Timothy J. Naughton Exec. Chairman 1961
Mr. Benjamin W. Schall Pres, CEO & Director 1975
Mr. Kevin P. O'Shea Chief Financial Officer 1966
Mr. Sean J. Breslin Chief Operating Officer 1967
Mr. Matthew H. Birenbaum Chief Investment Officer 1966
Ms. Keri A. Shea Sr. VP of Fin., Principal Accounting Officer & Treasurer 1970
Mr. Jason Reilley VP of Investor Relations NA
Mr. Edward M. Schulman Exec. VP, Gen. Counsel & Sec. 1963
Mr. Kurt D. Conway Sr. VP of Brand Strategy & Marketing 1960
Mr. David Alagno Sr. VP of HR NA

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