AvalonBay Communities, Inc. is a real estate investment trust, which engages in the development, acquisition, ownership, and operation of multifamily communities. It operates through the following segments: Established Communities, Other Stabilized Communities, and Development or Redevelopment Communities. The Established Communities segment refers to the operating communities that were owned and had stabilized occupancy. The Other Stabilized Communities segment includes all other completed communities that have stabilized occupancy. The Development or Redevelopment Communities segment consists of communities that are under construction. The company was founded by Gilbert M. Meyer in 1978 and is headquartered in Arlington, VA.
Highlights
The stock's P/E is 11% below its last 4 quarters average of 30.2 and 7% below its 5-year quarterly average of 28.8
The company's revenue rose by 2.7% YoY
AVB's debt is down by 6% since the previous quarter but it is up by 4.3% year-on-year
AVB's EPS is down by 15% YoY
The net income has declined by 14% year-on-year
Key stats
What are the main financial stats of AVB
Market
Shares outstanding
140.74M
Market cap
$21.21B
Enterprise value
$28.61B
Valuations
Price to earnings (P/E)
26.91
Price to book (P/B)
1.95
Price to sales (P/S)
8.99
EV/EBIT
28.24
EV/EBITDA
16.79
EV/Sales
12.13
Earnings
Revenue
$2.36B
EBIT
$1.01B
EBITDA
$1.7B
Free cash flow
$14.45M
Per share
EPS
$5.6
Free cash flow per share
$0.1
Book value per share
$77.24
Revenue per share
$16.76
TBVPS
$137.51
Balance sheet
Total assets
$19.35B
Total liabilities
$8.48B
Debt
$7.81B
Equity
$10.87B
Working capital
N/A
Liquidity
Debt to equity
0.72
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
4.34
Margins
EBITDA margin
72.2%
Gross margin
66.7%
Net margin
33.3%
Operating margin
34.7%
Efficiency
Return on assets
4.1%
Return on equity
7.2%
Return on invested capital
3.8%
Return on capital employed
N/A
Return on sales
42.9%
Dividend
Dividend yield
4.13%
DPS
$6.22
Payout ratio
111.1%
AVB stock price
How has the Avalonbay Communities stock price performed over time
Financial performance
How have Avalonbay Communities's revenue and profit performed over time
Revenue
$2.36B
Gross profit
$1.57B
Operating income
$818.33M
Net income
$786.13M
Gross margin
66.7%
Net margin
33.3%
AVB's net margin is down by 17% year-on-year
The net income has declined by 14% year-on-year
The operating margin has contracted by 3.3% YoY
The company's revenue rose by 2.7% YoY
Valuation
What is Avalonbay Communities stock price valuation
P/E
26.91
P/B
1.95
P/S
8.99
EV/EBIT
28.24
EV/EBITDA
16.79
EV/Sales
12.13
AVB's EPS is down by 15% YoY
The stock's P/E is 11% below its last 4 quarters average of 30.2 and 7% below its 5-year quarterly average of 28.8
The price to book (P/B) is 19% less than the 5-year quarterly average of 2.4 and 15% less than the last 4 quarters average of 2.3
The price to sales (P/S) is 24% lower than the 5-year quarterly average of 11.8 and 18% lower than the last 4 quarters average of 10.9
The company's revenue rose by 2.7% YoY
Efficiency
How efficient is Avalonbay Communities business performance
AVB's return on equity is down by 16% year-on-year
The return on assets has declined by 16% year-on-year
The ROIC has contracted by 14% YoY
AVB's ROS is down by 12% YoY
Dividends
What is AVB's dividend history
DPS
$6.22
Dividend yield
4.13%
Payout ratio
111.1%
Recent dividends
Financial health
How did Avalonbay Communities financials performed over time
Avalonbay Communities's total assets is 128% more than its total liabilities
The total liabilities has contracted by 6% from the previous quarter but it has grown by 3.7% YoY
Avalonbay Communities's total assets has decreased by 2.7% from the previous quarter but it has increased by 2.2% YoY
AVB's debt is 28% smaller than its equity
AVB's debt is down by 6% since the previous quarter but it is up by 4.3% year-on-year
The debt to equity has contracted by 5% from the previous quarter but it has grown by 2.9% YoY
All financial data is based on trailing twelve months (TTM) periods - updated
quarterly, unless otherwise specified.