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Real Estate - REIT - Residential - NYSE - US
$ 202.57
0.282 %
$ 28.8 B
Market Cap
25.23
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jul, 6, 2025.

The intrinsic value of one AVB stock under the worst case scenario is HIDDEN Compared to the current market price of 203 USD, AvalonBay Communities, Inc. is HIDDEN

This DCF valuation model was last updated on Jul, 6, 2025.

The intrinsic value of one AVB stock under the base case scenario is HIDDEN Compared to the current market price of 203 USD, AvalonBay Communities, Inc. is HIDDEN

This DCF valuation model was last updated on Jul, 6, 2025.

The intrinsic value of one AVB stock under the best case scenario is HIDDEN Compared to the current market price of 203 USD, AvalonBay Communities, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart AVB

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$225.0$225.0$220.0$220.0$215.0$215.0$210.0$210.0$205.0$205.0$200.0$200.0$195.0$195.0$190.0$190.0$185.0$185.015 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '2515 May15 MayJun '25Jun '2515 Jun15 JunJul '25Jul '25
FINANCIALS
2.91 B REVENUE
4.76%
916 M OPERATING INCOME
-46.66%
1.08 B NET INCOME
16.56%
1.61 B OPERATING CASH FLOW
3.07%
-997 M INVESTING CASH FLOW
-7.31%
-875 M FINANCING CASH FLOW
-4.86%
746 M REVENUE
0.72%
239 M OPERATING INCOME
6.06%
237 M NET INCOME
-16.13%
416 M OPERATING CASH FLOW
26.49%
-428 M INVESTING CASH FLOW
-36.14%
-36 M FINANCING CASH FLOW
93.33%
Balance Sheet AvalonBay Communities, Inc.
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Current Assets 267 M
Cash & Short-Term Investments 109 M
Receivables 0
Other Current Assets 158 M
Non-Current Assets 20.7 B
Long-Term Investments 227 M
PP&E 155 M
Other Non-Current Assets 20.4 B
96.91 %Total Assets$21.0b
Current Liabilities 746 M
Accounts Payable 86 M
Short-Term Debt 0
Other Current Liabilities 660 M
Non-Current Liabilities 8.31 B
Long-Term Debt 8.25 B
Other Non-Current Liabilities 62.8 M
7.29 %91.07 %Total Liabilities$9.1b
EFFICIENCY
Earnings Waterfall AvalonBay Communities, Inc.
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Revenue 2.91 B
Cost Of Revenue 1.07 B
Gross Profit 1.84 B
Operating Expenses 925 M
Operating Income 916 M
Other Expenses -166 M
Net Income 1.08 B
3b3b3b3b2b2b2b2b1b1b500m500m003b(1b)2b(925m)916m166m1bRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
63.16% GROSS MARGIN
63.16%
31.43% OPERATING MARGIN
31.43%
37.13% NET MARGIN
37.13%
9.06% ROE
9.06%
5.15% ROA
5.15%
4.52% ROIC
4.52%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis AvalonBay Communities, Inc.
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2b2b1b1b1b1b1b1b800m800m600m600m400m400m200m200m0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 1.08 B
Depreciation & Amortization 847 M
Capital Expenditures -198 M
Stock-Based Compensation 25.4 M
Change in Working Capital 6.76 M
Others -347 M
Free Cash Flow 1.41 B
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets AvalonBay Communities, Inc.
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Wall Street analysts predict an average 1-year price target for AVB of $238 , with forecasts ranging from a low of $223 to a high of $255 .
AVB Lowest Price Target Wall Street Target
223 USD 10.09%
AVB Average Price Target Wall Street Target
238 USD 17.38%
AVB Highest Price Target Wall Street Target
255 USD 25.88%
Price
Max Price Target
Min Price Target
Average Price Target
260260250250240240230230220220210210200200190190180180Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26Jun '26Jun '26Jul '26Jul '26
4. DIVIDEND ANALYSIS
0.80% DIVIDEND YIELD
1.75 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
7.007.006.006.005.005.004.004.003.003.002.002.001.001.000.000.001.251.351.421.471.521.591.591.591.651.71.751.251.351.421.471.521.591.591.591.651.71.751.251.351.421.471.521.591.591.651.71.255.001.355.401.425.681.475.881.526.081.596.361.596.361.596.421.596.591.655.051.75.202015201520162016201720172018201820192019202020202021202120222022202320232024202420252025
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5. COMPETITION
slide 2 of 6
6. Ownership
Insider Ownership AvalonBay Communities, Inc.
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Sold
0-3 MONTHS
2.47 M USD 2
3-6 MONTHS
0 USD 0
6-9 MONTHS
6.18 M USD 1
9-12 MONTHS
4.59 M USD 4
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
REITs Score Key Tax Bill Wins U.S. equity markets closed the Independence Day week at record highs after Congress approved the GOP's sweeping tax cut and spending megabill, while employment data indicated "Goldilocks" labor market trends. The Big Beautiful Bill extends and enhances key elements of the 2017 tax cuts and boosts State and Local Tax ("SALT") deductions, while overhauling eligibility requirements for government benefits programs. The real estate and homebuilding industry scored some key "wins" in the legislation, which made permanent the 20% QBI deduction for REIT dividend income and relaxed some REIT tax rules. seekingalpha.com - 3 days ago
Can Landlords Survive Mamdani's Rent Freeze? Broader adoption of rent control could significantly affect REITs by capping rent growth, disincentivizing maintenance capex, and reducing new development. The true impact of rent control on REIT performance is complex, with both positive and negative ripple effects, and cannot be easily predicted. I believe future apartment REIT returns will hinge more on company fundamentals and valuation than on political/regulatory environments. seekingalpha.com - 6 days ago
Equity REITs: Takeaways From REITWeek 2025 REITs are positioned for accelerating earnings growth in 2026-2027, with management teams expressing increased optimism despite ongoing macro uncertainties. Key investment themes include AI-driven data centers, senior housing benefiting from demographic trends, and residential REITs capitalizing on the housing shortage. REITs offer resilient cash flows, potential dividend growth, and superior capital access, making them attractive relative to other asset classes in the current environment. seekingalpha.com - 6 days ago
If You Want $3,767 in Annual Income, Invest $25,000 in Each of High-Yield Dividends Key Points With markets still volatile, keep your portfolio protected with high-yielding stocks. Look at real estate investment trusts (REIT), like Mid-Atlantic Apartment Communities, for example. Are you ahead, or behind on retirement? SmartAsset’s free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don’t waste another minute; get started by clicking here.(Sponsor) With markets still volatile, keep your portfolio protected with high-yielding stocks. Look at real estate investment trusts (REIT), like Mid-Atlantic Apartment Communities (NYSE: MAA), for example. With a yield of just over 4%, Mid-Atlantic Apartment Communities is an attractive, oversold opportunity. The REIT focuses on apartment communities in the Southeast, Southwest, and Mid-Atlantic regions of the United States. MAA also declared a quarterly dividend of $1.515 per share, payable on July 31 to shareholders of record as of July 15. Even better, Goldman Sachs just added the MAA stock to its Conviction List with a price target of $192 a share. If you were to invest $25,000 in the Mid-Atlantic Apartment Communities REIT, you’d take ownership of 167 shares. Using its current dividend of $1.515, you’d collect just over $253 a quarter. Annually, you’d collect $1,012 just by holding the Mid-Atlantic Apartment Communities stock. Plus, with Mid-Atlantic Apartment Communities you gain exposure to renter households, which are growing faster than homeowner households. According to Barron’s: “With house prices still high, mortgage rates stuck just under 7%, and plenty of economic uncertainty, consumers are once again seeing the virtues of renting. Over a third of respondents, 35%, told Fannie Mae in April that they would rent instead of buy if they had to move, the highest share since October and more than the long-term average of three in 10.” Here are three more apartment REITs you may want to consider. Camden Property Trust With a yield of about 3.6%, Camden Property Trust (NYSE: CPT) is one of the largest publicly traded multifamily companies in the United States. The company is primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. It also owns and operates 177 properties. In its most recent earnings report, the company’s Core funds from operations (FFO) of $1.72 beat by four cents. Revenue of $390.57 million, up 1.9% year over year, beat by $1.39 million. The company also declared a second-quarter dividend of $1.05 per share, payable on July 17 to shareholders of record as of June 30. If you were to invest $25,000 in CPT, you’d take ownership of 215 shares. Using its current dividend of $1.05 per share, you’d collect a quarterly dividend of $225.75. Annually, you’d collect $903. Again, all you had to do was buy and hold the CPT stock. “We are pleased to report strong first quarter results, and a raise to our full-year 2025 earnings guidance,” added Richard J. Campo, Camden’s Chairman and CEO. “Core FFO exceeded the midpoint of our guidance by $0.04 per share in the first quarter, with $0.02 resulting from higher than anticipated revenues and the remaining $0.02 from lower interest expense and the timing of other income and expense categories. AvalonBay Communities With a yield of 3.36%, AvalonBay Communities (NYSE: AVB) invests in apartments. It also declared a quarterly dividend of $1.75 per share, payable on July 15 to shareholders of record as of June 30. If you were to invest $25,000 in AVB, you’d take ownership of 121 shares. Using its current quarterly dividend of $1.75, you’d collect $211.75 a quarter. Annually, you’d collect $847. Even better, analysts at Barclays, Scotiabank, and Morgan Stanley raised their price targets on the AVB stock. Morgan Stanley raised its price target to $228 with an equal-weight rating on the stock. Scotiabank raised its price target from $241 to $251. And Barclays raised its price target to $240 from $227. Equity Residential With a yield of 4.03%, Equity Residential (NYSE:EQR) is one of the largest multifamily REITs on the market. It has about 312 properties across the U.S., including 84,018 rental units. It just paid out a dividend of $0.6925 on April 17 to shareholders of record as of March 31. It’s also about to pay a quarterly dividend of $0.6925 on July 11 to shareholders of record as of June 24. If you were to invest $25,000 in EQR, you’d take ownership of 363 shares. Using EQR’s current dividend of $0.6925, you’d collect $251.37 a share quarterly. Annually, you’d collect about $1,005.48. Recent earnings were also healthy. In its most recent quarter, the company’s funds from operations (FFO) were in line at $1. Revenue of $766.78 million, up 5.4% year over year, beat by $11.85 million. “CEO Mark Parrell highlighted that Equity Residential finished 2024 with “solid same-store revenue results” exceeding the midpoint of initial expectations, though bad debt improvement slowed in Q4. The company achieved same-store expense growth of 2.9% for 2024,” added SeekingAlpha.com. The post If You Want $3,767 in Annual Income, Invest $25,000 in Each of High-Yield Dividends appeared first on 24/7 Wall St.. https://247wallst.com - 2 weeks ago
A Slow Slowdown US equity markets rallied to their highest levels since February after a critical slate of employment data showed lukewarm labor market conditions in May, with only minimal tariff-related impacts. Benchmark interest rates jumped to near-four-month highs as hotter-than-expected wage growth metrics fueled doubts on the prospects for meaningful Federal Reserve easing this year. Meanwhile, investors weighed questions about the fate of the "Big Beautiful Bill" amid fierce challenges from Elon Musk, alongside signs of thawing in the tariff stalemate with China. seekingalpha.com - 1 month ago
AvalonBay's Revenue Rise in April and May Surpasses Projection AVB beats revenue forecasts with stronger rents, high occupancy and gains from digital transformation and portfolio shifts. zacks.com - 1 month ago
AvalonBay Communities, Inc. Announces Participation in Nareit's REITweek Conference, Provides Second Quarter 2025 Operating Update, and Publishes Updated Investor Presentation ARLINGTON, Va.--(BUSINESS WIRE)--AVALONBAY COMMUNITIES, INC. (NYSE: AVB) (the “Company”) announced today that the Company will be participating in Nareit's REITweek Conference from June 2 – 5, 2025. During this event, management may discuss the Company's current operating environment and trends; development, redevelopment, disposition and acquisition activity; portfolio strategy and other business and financial matters affecting the Company. The Company provided the following Same Store Residen. businesswire.com - 1 month ago
Here's Why it Is Wise to Retain AvalonBay Stock in Your Portfolio Now AVB is set to gain from high-quality assets in premium markets, technological enhancements and a healthy balance sheet. High unit supply raises concerns. zacks.com - 1 month ago
AvalonBay Communities, Inc. Declares Second Quarter 2025 Dividends ARLINGTON, Va.--(BUSINESS WIRE)--AvalonBay Communities, Inc. (NYSE: AVB) (the “Company”) announced today that its Board of Directors declared a cash dividend on the Company's Common Stock (par value $0.01 per share) for the second quarter of 2025. The Common Stock dividend is $1.75 per share and is payable July 15, 2025, to all Common Stockholders of Record as of June 30, 2025. About AvalonBay Communities, Inc. AvalonBay Communities, Inc., a member of the S&P 500, is an equity REIT that dev. businesswire.com - 1 month ago
AvalonBay Vs. Equity Residential: One Has Clearer Growth Catalysts AvalonBay Communities and Equity Residential are two of the biggest names in the U.S. apartment REIT space, each offering a different approach to urban rental exposure. AvalonBay has shown stronger FFO growth and a more balanced market mix, giving it a leg up in terms of long-term potential. Equity Residential, while solid and income-focused, is still feeling the weight of slower rent recovery in some of its core markets. seekingalpha.com - 1 month ago
1 REIT To Sell And 1 New REIT Opportunity To Buy The REIT market recovery has been very uneven. Some have doubled in value while others were left behind. This is leading to some interesting capital recycling opportunities. seekingalpha.com - 1 month ago
Trade Talks, Fed Hawks, Market Balks US equity markets posted modest declines this past week after the Federal Reserve held rates steady and maintained its status quo "wait-and-see" approach, but acknowledged heightened inflation and labor market risks. Meanwhile, White House officials headed to Switzerland to begin high-level trade talks with China, which follows the announcement of the first major post-Liberation Day trade deal with the United Kingdom. Following its best two-week stretch since late 2022, the S&P 500 slipped 0.4% this week - extending its drawdown to around 8% from its mid-February record highs. seekingalpha.com - 1 month ago
8. Profile Summary

AvalonBay Communities, Inc. AVB

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COUNTRY US
INDUSTRY REIT - Residential
MARKET CAP $ 28.8 B
Dividend Yield 0.80%
Description As of December 31, 2020, the Company owned or held a direct or indirect ownership interest in 291 apartment communities containing 86,025 apartment homes in 11 states and the District of Columbia, of which 18 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 markets consisting of Southeast Florida and Denver, Colorado (the Expansion Markets).
Contact 4040 Wilson Boulevard, Arlington, VA, 22203 https://www.avalonbay.com
IPO Date March 11, 1994
Employees 2928
Officers Ms. Pamela R. Thomas Executive Vice President of Portfolio & Asset Management Mr. Sean T. Willson CFA, CPA Senior Vice President, Corporate Controller & Principal Accounting Officer Mr. Edward M. Schulman Executive Vice President, General Counsel & Secretary Mr. Benjamin W. Schall President, Chief Executive Officer & Director Mr. Kevin P. O'Shea J.D. Executive, Chief Financial Officer & Treasurer Mr. Kurt D. Conway Senior Vice President of Corporate Strategy & Communications Mr. Jason Reilley Vice President of Investor Relations Ms. Alaine S. Walsh Executive Vice President of Human Capital & Administration Mr. Sean J. Breslin Chief Operating Officer Mr. Matthew H. Birenbaum Chief Investment Officer