AvalonBay Communities, Inc. AVB SPX
Real Estate · REIT - Residential · United States
AvalonBay Communities, Inc., a member of the S&P 500, is an equity REIT. The firm develops, redevelops, acquires and manages 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. As of December 31, 2025, the Company owned or held a direct or indirect ownership interest in 320 communities containing 98,694 apartment homes in 11 states and the District of Columbia, of which 24 communities were under development. AvalonBay Communities, Inc. was incorporated in 1978 in Maryland and is based in Arlington, Virginia.
READ MORE ›$182.51
-8.29% 1Y
Market & Price
Market Cap
$25.89B
Current Price
$182.51
High / Low (52W)
$200.99 / $159.04
Beta
0.80
Valuation
Stock P/E
22.62
Industry PE
26.58
Forward P/E
37.46
PEG Ratio
7.17
Book Value
$82.72
Price to Book
2.21
P/S
8.46
EV/EBITDA
18.95
Dividend Yield
3.90%
Profitability & Returns
ROCE
6.37%
ROE
9.72%
ROA
2.65%
Profit Margin
37.27%
Op Margin
29.32%
EPS (Latest Qtr)
$2.33
EPS (TTM)
$8.07
Balance Sheet & Liquidity
Debt/Equity
0.81
Quick Ratio
0.05
Current Ratio
0.38
Debt
$9.52B
Total Assets
$22.19B
Current Assets
$353.08M
Working Capital
$-1.19B
Ownership
Promoter Holding
0.41%
Chg in Prom Hold
-
FII / Inst Holding
96.76%
Chg in FII Hold
-
Financial Snapshot
Enterprise Value
$34.98B
Total Revenue (TTM)
$3.06B
EBITDA
$1.85B
Free Cash Flow
$1.39B
Operating Cash Flow
$1.67B
Shares Outstanding
141.87M
Gross Margin
62.73%
Payout Ratio
87.11%
Growth (CAGR)
Revenue 5Y
5.45%
Profit 5Y
-2.57%
Revenue (YoY)
2.50%
Earnings (YoY)
40.30%
PROS
- Excellent profit margin of 37.3%.
- Attractive dividend yield of 3.90%.
- Generates positive free cash flow.
CONS
- Earnings shrank at -2.6% CAGR over 5 years.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Real Estate).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | AVB AvalonBay Communities, Inc. SPX | 182.51 | 22.62 | $25.89B | 3.90% | 6.37% | 9.72% | 5.45% | -2.57% |
| 2 | WELL Welltower Inc. SPX | 205.33 | 99.19 | $144.95B | 1.44% | 0.26% | 3.67% | 22.69% | 87.90% |
| 3 | PLD Prologis, Inc. SPX | 143.47 | 36.14 | $133.76B | 2.98% | 4.94% | 6.84% | 13.74% | -0.36% |
| 4 | EQIX Equinix, Inc. SPX | 1,068.04 | 74.07 | $105.33B | 1.84% | 5.61% | 10.06% | 8.27% | 24.18% |
| 5 | AMT American Tower Corporation SPX | 186.96 | 30.11 | $87.10B | 3.73% | 7.82% | 29.95% | 3.34% | 12.73% |
| 6 | SPG Simon Property Group, Inc. SPX | 204.91 | 14.25 | $77.86B | 4.29% | 17.44% | 113.59% | 6.35% | 29.32% |
| 7 | DLR Digital Realty Trust, Inc. SPX | 190.00 | 50.53 | $67.96B | 2.57% | 3.99% | 5.69% | 9.22% | 51.32% |
| 8 | O Realty Income Corporation SPX | 61.28 | 50.23 | $57.14B | 5.30% | 3.27% | 2.83% | 19.80% | 6.78% |
| 9 | PSA Public Storage SPX | 303.69 | 31.34 | $53.31B | 3.95% | 10.69% | 20.18% | 4.88% | -25.69% |
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Quarterly Results
Figures in USD.
| Metric | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | 886.00K | 954.00K | 912.00K | - | 1.14M | 1.11M | 1.23M | - | 1.01M | 926.00K | 1.02M | 877.00K | 808.00K | 695.00K | 752.00K | 904.00K | 1.40M | 1.07M | 2.71M | 1.93M | 1.79M | 1.83M | - | - | 745.88M | 760.20M | 766.80M | 767.86M | 770.28M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 268.86M | 276.97M | 293.23M | 281.86M | 288.53M |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 477.02M | 483.22M | 473.57M | 486.00M | 481.75M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 237.67M | 254.73M | 252.40M | 255.26M | 255.18M |
| Operating Income | 310.99M | 314.70M | - | 350.88M | 339.62M | 345.20M | - | 355.87M | 358.41M | 370.12M | - | 369.29M | 378.41M | 384.38M | - | 394.92M | 400.10M | 406.58M | - | 415.51M | 388.13M | 363.71M | 354.90M | 359.77M | 371.91M | 409.71M | 435.69M | 443.00M | 462.37M | 465.67M | 467.06M | 479.12M | 483.26M | - | - | 239.35M | 228.50M | 221.17M | 230.74M | 226.57M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 514.23M | 565.86M | 679.75M | 468.18M | 632.59M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 59.86M | 64.80M | 65.41M | 69.11M | 71.49M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 236.48M | 269.32M | 383.97M | 165.69M | 328.00M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -116.00K | -531.00K | -193.00K | -295.00K | -294.00K |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 173.45M | 253.93M | - | - | 236.60M | 268.67M | 381.31M | 164.73M | 325.73M |
| Diluted EPS | 1.29 | 1.53 | 1.13 | 1.73 | 1.44 | 2.59 | 1.76 | 1.72 | 1.20 | 1.72 | 1.72 | 1.03 | 1.84 | 1.39 | 2.79 | 1.23 | 1.21 | 2.00 | 1.20 | 1.19 | 1.21 | 1.05 | 1.02 | 3.21 | 0.56 | 1.87 | 0.99 | 3.53 | 1.05 | 2.59 | 1.21 | 1.22 | 1.78 | - | - | 1.66 | 1.88 | 2.68 | 1.17 | 2.33 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | 5.60M | 4.15M | 3.57M | 4.96M | 3.82M | - | 2.59B | 2.77B | 2.91B | 3.04B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 919.11M | 988.13M | 1.07B | 1.12B |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.67B | 1.78B | 1.84B | 1.92B |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 889.04M | 893.50M | 924.55M | 1.00B |
| Operating Income | - | - | - | 545.51M | 599.93M | 667.93M | 966.06M | 1.10B | 1.22B | 1.31B | 1.40B | 1.49B | 1.55B | 1.47B | - | 785.29M | 886.28M | 915.75M | 919.76M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.20B | 1.96B | 2.16B | 2.23B |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 230.07M | 205.99M | 226.59M | 259.18M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.15B | 938.59M | 1.08B | 1.06B |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 14.65M | 10.15M | 445.00K | -1.14M |
| Net Income | 358.16M | 411.49M | 155.65M | 176.26M | 440.45M | 423.87M | 353.14M | 683.57M | 742.04M | 1.03B | 876.92M | 974.52M | - | - | - | 1.14B | 928.83M | 1.08B | 1.05B |
| Diluted EPS | 4.38 | 5.17 | 1.93 | 2.07 | 4.87 | 4.32 | 2.78 | 5.21 | 5.51 | 7.52 | 6.35 | 7.05 | 5.63 | 5.89 | - | 8.12 | 6.56 | 7.60 | 7.40 |
Compounded Sales Growth
| 5 Years: | 5.45% |
| 1 Year: | 2.50% |
Compounded Profit Growth
| 5 Years: | -2.57% |
| 1 Year: | 40.30% |
Stock Price Performance
| 1 Year: | -8.29% |
| 6 Months: | +2.57% |
| 3 Months: | +4.13% |
| 1 Month: | -1.01% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2006 | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 7.17B | 7.46B | 7.82B | 8.48B | 11.16B | 15.33B | 16.14B | 16.93B | 17.87B | 18.41B | 18.38B | 19.12B | 19.20B | - | 20.46B | 20.68B | 21.00B | 22.19B |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 734.25M | 530.96M | 267.08M | 353.08M |
| Cash & Equivalents | 8.28M | 20.27M | 64.94M | 103.67M | 304.41M | 616.85M | 2.73B | 281.36M | 509.46M | 400.51M | 214.99M | 67.09M | 91.66M | 39.69M | 216.98M | - | 613.19M | 397.89M | 108.58M | 187.23M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | - | - | 4.25B | 4.40B | 4.49B | 4.07B | 4.31B | 6.71B | 7.08B | 7.08B | 7.69B | 8.02B | 7.74B | 8.13B | 8.44B | - | 9.20B | 8.89B | 9.06B | 10.36B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 659.11M | 694.55M | 746.28M | 1.54B |
| Long Term Debt | - | - | - | - | 4.07B | 3.60B | 3.85B | 6.02B | 6.45B | 6.48B | 7.08B | 7.40B | 7.10B | 7.36B | 7.63B | - | 8.32B | 7.98B | 8.08B | 8.59B |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 8.48B | 8.14B | 8.25B | 9.49B |
| Total Equity | 2.57B | 3.03B | 2.92B | 3.05B | 3.31B | 4.39B | 6.84B | 8.60B | 9.05B | - | - | - | 10.63B | 10.99B | 10.75B | - | 11.25B | 11.78B | 11.94B | 11.61B |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 139.92M | 142.03M | 142.25M | 140.08M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 454.87M | 386.08M | 376.58M | 332.11M | 429.35M | 540.82M | 724.32M | 886.64M | 1.07B | 1.16B | 1.26B | 1.30B | 1.32B | 1.22B | 1.20B | 1.42B | 1.56B | 1.61B | 1.67B |
| Investing Cash Flow | -809.25M | -266.31M | -333.56M | -298.94M | -443.14M | -623.39M | -1.18B | -816.76M | -1.20B | -1.03B | -965.38M | -596.65M | -1.19B | -179.43M | -624.05M | -560.42M | -928.96M | -996.86M | -1.39B |
| Financing Cash Flow | 366.36M | -75.11M | -4.29M | 167.56M | 326.23M | 2.20B | -2.00B | 158.22M | 25.09M | -303.27M | -418.95M | -688.50M | -218.19M | -854.26M | -348.86M | -671.06M | -834.36M | -874.90M | -192.73M |
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -174.71M | -197.27M | -198.03M | -264.94M |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.25B | 1.36B | 1.41B | 1.41B |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 190.46M | -203.28M | -263.88M | 86.01M |
| Share Buybacks | 257.93M | -42.16M | 0 | 0 | - | - | - | - | - | - | - | - | 0 | 183.88M | 0 | 0 | 1.91M | 0 | 488.12M |
| Dividends Paid | 268.97M | -278.80M | 283.71M | 298.09M | 318.23M | 365.57M | 526.05M | 593.64M | 655.25M | 726.75M | 772.66M | 805.24M | 839.65M | - | - | - | - | - | - |
Ratios (Annual)
Figures in %.
| Metric | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 64.6% | 64.3% | 63.2% | 63.1% |
| Operating Margin % | - | - | - | - | - | - | - | - | - | 23,468.2% | 33,734.7% | 41,577.0% | 31,288.1% | 38,555.1% | - | 30.3% | 32.0% | 31.4% | 30.2% |
| Net Margin % | - | - | - | - | - | - | - | - | - | 18,467.6% | 21,145.9% | 27,282.3% | - | - | - | 43.8% | 33.6% | 37.1% | 34.6% |
| ROE % | 11.8% | 14.1% | 5.1% | 5.3% | 10.0% | 6.2% | 4.1% | 7.6% | - | - | - | 9.2% | - | - | - | 10.1% | 7.9% | 9.1% | 9.1% |
| ROCE % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4.0% | 4.4% | 4.5% | 4.5% |
Shareholding Pattern
Insiders
0.41%
Institutions
96.76%
Public Float
97.16%
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 12.61% | 17.54M | $3.20B |
| 2 | Vanguard Portfolio Management LLC | 8.75% | 12.17M | $2.22B |
| 3 | State Street Corporation | 6.66% | 9.27M | $1.69B |
| 4 | Vanguard Capital Management LLC | 6.62% | 9.21M | $1.68B |
| 5 | JPMORGAN CHASE & CO | 3.21% | 4.47M | $815.11M |
| 6 | Principal Financial Group, Inc. | 3.19% | 4.44M | $810.64M |
| 7 | Geode Capital Management, LLC | 3.08% | 4.28M | $781.67M |
| 8 | Price (T.Rowe) Associates Inc | 2.83% | 3.93M | $718.16M |
| 9 | Charles Schwab Investment Management, Inc. | 2.47% | 3.43M | $626.17M |
| 10 | Northern Trust Corporation | 1.91% | 2.66M | $486.17M |
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