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AvalonBay Communities, Inc.

Data quality: 100%
AVB
NYSE Real Estate REIT - Residential
$163.65
▲ $0.09 (0.06%)
Mkt Cap: 23.17B
Day Range
$162.60 $164.91
52-Week Range
$160.72 $217.32
Volume
388,906
50D / 200D Avg
$175.90 / $186.48
Prev Close
$163.56

Quick Summary

Price History

Financial Trends

Peer Comparison

vs Real Estate sector median (361 peers)

Metric Stock Sector Median
P/E 22.0 10.9
P/B 2.0 0.8
ROE % 8.9 6.1
Net Margin % 34.6 19.9
Rev Growth 5Y % 7.3 7.0
D/E 0.8 0.9

Analyst Price Target

Hold
$192.70 +17.8%
Low: $172.00 High: $217.00
Forward P/E
33.08
Forward EPS
$4.95
EPS Growth (est.)
+0.0%
Est. Revenue
3.11B

Earnings Estimates

Period EPS Est. Revenue Est. Analysts
FY2030 $5.48
$5.17 – $5.80
3.39B 2
FY2029 $5.55
$5.23 – $5.87
3.56B 4
FY2028 $5.61
$5.26 – $6.34
3.44B 6

Earnings Surprises

Last 8 quarters
Quarter Est. EPS Actual EPS Surprise
2026-02-04 $1.23 $1.17 -4.9%
2025-10-29 $2.81 $2.75 -2.1%
2025-07-30 $2.80 $2.82 +0.7%
2025-04-30 $2.80 $2.83 +1.1%
2025-02-05 $2.83 $2.80 -1.1%
2024-07-31 $2.71 $2.77 +2.2%
2024-04-25 $2.64 $2.70 +2.3%
2024-01-31 $2.73 $2.74 +0.4%

Dividend History

7 yr streak

Yield

0.04%

Payout Ratio

0.94%

Growth (3Y)

3.25%

Growth (5Y)

1.94%

Ex-Date Payment Date Amount Yield
Mar 31, 2026 Apr 15, 2026 $1.78 4.30%
Dec 31, 2025 Jan 15, 2026 $1.75 3.86%
Sep 30, 2025 Oct 15, 2025 $1.75 3.60%
Jun 30, 2025 Jul 15, 2025 $1.75 3.39%
Mar 31, 2025 Apr 15, 2025 $1.75 3.19%
Dec 31, 2024 Jan 15, 2025 $1.70 3.09%
Sep 30, 2024 Oct 15, 2024 $1.70 3.00%
Jun 28, 2024 Jul 15, 2024 $1.70 3.24%
Mar 27, 2024 Apr 15, 2024 $1.70 3.62%
Dec 28, 2023 Jan 16, 2024 $1.65 3.48%
Sep 28, 2023 Oct 16, 2023 $1.65 3.82%
Jun 29, 2023 Jul 17, 2023 $1.65 3.45%
Mar 30, 2023 Apr 17, 2023 $1.65 3.93%
Dec 29, 2022 Jan 17, 2023 $1.59 3.91%
Sep 29, 2022 Oct 17, 2022 $1.59 3.50%
Jun 29, 2022 Jul 15, 2022 $1.59 3.26%
Mar 30, 2022 Apr 15, 2022 $1.59 2.52%
Dec 30, 2021 Jan 18, 2022 $1.59 2.53%
Oct 01, 2021 Oct 15, 2021 $1.59 2.86%
Jun 29, 2021 Jul 15, 2021 $1.59 3.02%

Key Takeaways

Revenue grew 7.27% annually over 5 years — modest growth
Net margin of 34.64% shows strong profitability
Generating 1.41B in free cash flow
Cash machine — converts 134.31% of earnings into free cash flow
Capital efficient — spends only 8.72% of revenue on capex
ROIC of 3.27% — low return on invested capital

Growth

Revenue Growth (5Y)
7.27%
Revenue (1Y)4.29%
Earnings (1Y)-2.72%
FCF Growth (3Y)1.85%

Quality

Return on Equity
8.94%
ROIC3.27%
Net Margin34.64%
Op. Margin30.07%

Safety

Debt / Equity
0.80
Current Ratio0.25
Interest Coverage3.53

Valuation

P/E Ratio
22.02
Forward P/E33.08
P/B Ratio2.00
EV/EBITDA35.36
Dividend Yield0.04%

All Fundamental Metrics

Growth
Revenue Growth (1Y) 4.29% Revenue Growth (3Y) 4.78%
Earnings Growth (1Y) -2.72% Earnings Growth (3Y) 6.45%
Revenue Growth (5Y) 7.27% Earnings Growth (5Y) 1.18%
Profitability
Revenue (TTM) 3.04B Net Income (TTM) 1.05B
ROE 8.94% ROA 4.74%
Gross Margin 66.99% Operating Margin 30.07%
Net Margin 34.64% Free Cash Flow (TTM) 1.41B
ROIC 3.27% FCF Growth (3Y) 1.85%
Safety
Debt / Equity 0.80 Current Ratio 0.25
Interest Coverage 3.53
Dividends
Dividend Yield 0.04% Payout Ratio 0.94%
Dividend Growth (3Y) 3.25% Dividend Growth (5Y) 1.94%
Consecutive Div Years 7 yrs
Valuation
P/E Ratio 22.02 Forward P/E 33.08
P/B Ratio 2.00 P/S Ratio 7.63
PEG Ratio -8.79 Forward PEG N/A
EV/EBITDA 35.36 Fwd EV/EBITDA 13.34
Forward P/S 7.45 Fwd Earnings Yield 3.02%
FCF Yield 6.10%
Market Cap 23.17B Enterprise Value 32.31B

Income Statement

Annual, most recent first

Income statement data, annual, most recent first
Metric FY2025 FY2024 FY2023 FY2022 FY2021
Revenue 3.04B 2.91B 2.77B 2.59B 2.29B
Net Income 1.05B 1.08B 928.83M 1.14B 1.00B
EPS (Diluted) 7.39 7.60 6.56 8.11 7.17
Gross Profit 2.04B 1.84B 1.78B 1.67B 1.44B
Operating Income 913.86M 915.75M 886.28M 785.29M 612.70M

Balance Sheet

Annual, most recent first

Balance sheet data, annual, most recent first
Metric FY2025 FY2024 FY2023 FY2022 FY2021
Total Assets 22.19B 21.00B 20.68B 20.46B 19.90B
Total Liabilities 10.36B 9.06B 8.89B 9.20B 8.97B
Shareholders' Equity 11.61B 11.94B 11.78B 11.25B 10.93B
Total Debt 9.33B 8.25B 8.14B 8.48B 8.27B
Cash & Equivalents 187.23M 108.58M 397.89M 613.19M 420.25M
Current Assets 187.23M 267.08M 530.96M 734.25M 577.55M
Current Liabilities 739.61M 746.29M 694.55M 659.11M 635.72M