AVB
AvalonBay Communities, Inc.
Price Chart
Latest Quote
$181.53
| Previous Close | $184.73 |
| Open | $184.65 |
| Day High | $185.12 |
| Day Low | $181.28 |
| Volume | 359,062 |
Stock Information
| Shares Outstanding | 141.87M |
| Total Debt | $9.52B |
| Cash Equivalents | $124.63M |
| Revenue | $3.06B |
| Net Income | $1.14B |
| Sector | Real Estate |
| Industry | REIT - Residential |
| Market Cap | $25.75B |
| P/E Ratio | 22.49 |
| EPS (TTM) | $8.07 |
| Exchange | NYQ |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $35.29B |
| Sales | $3.06B |
| Income | $1.14B |
| Book/sh | $82.72 |
| Cash/sh | $0.88 |
| Employees | 3K |
Financial Ratios
| Quick Ratio | 0.05 |
| Current Ratio | 0.38 |
| Debt/Eq | 81.31 |
| EPS Growth TTM | 37.70% |
Returns & Margins
| ROA | 2.65% |
| ROE | 9.72% |
| Gross Margin | 62.73% |
| Operating Margin | 29.32% |
| Profit Margin | 37.27% |
Ownership
| Insider Ownership | 0.40% |
| Institutional Ownership | 96.75% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| Forward P/E | 37.26 |
| PEG | 7.17 |
| P/S | 8.42 |
| P/B | 2.19 |
Analyst Data
| Recommendation | buy |
| Target Price | $196.78 |
Technical Indicators
| SMA20 | $185.33 |
| SMA50 | $181.25 |
| SMA200 | $177.96 |
| RSI | 43.10 |
| ATR | 3.3704 |
| Shares Float | 130.28M |
| Short Float | 3.50% |
| Short Ratio | 3.14 |
| Volatility | 0.79 |
| Rel Volume | 0.31 |
Performance History
| Week | -2.71% |
| Month | -2.01% |
| Quarter | +10.50% |
| 6 Months | +4.22% |
| YTD | +1.70% |
| Year | -8.98% |
| 3 Years | +7.71% |
| 5 Years | +0.32% |
| 10 Years | +46.82% |
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-06-17 | $181.52 | 359,062 |
| 2026-06-16 | $184.73 | 899,900 |
| 2026-06-15 | $184.48 | 1,146,400 |
| 2026-06-12 | $187.03 | 1,077,100 |
| 2026-06-11 | $184.36 | 875,200 |
| 2026-06-10 | $186.59 | 1,232,600 |
| 2026-06-09 | $186.85 | 1,293,900 |
| 2026-06-08 | $187.61 | 1,687,000 |
| 2026-06-05 | $189.72 | 874,700 |
| 2026-06-04 | $189.19 | 1,693,400 |
| 2026-06-03 | $183.19 | 758,200 |
| 2026-06-02 | $183.38 | 895,900 |
| 2026-06-01 | $182.87 | 1,276,600 |
| 2026-05-29 | $182.51 | 1,769,100 |
| 2026-05-28 | $184.83 | 799,500 |
| 2026-05-27 | $186.23 | 877,000 |
| 2026-05-26 | $185.09 | 1,027,500 |
| 2026-05-22 | $185.65 | 1,311,900 |
| 2026-05-21 | $184.11 | 2,509,700 |
| 2026-05-20 | $186.69 | 915,800 |
| 2026-05-19 | $185.11 | 858,100 |
| 2026-05-18 | $185.25 | 599,600 |
About AvalonBay Communities, Inc.
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.
đ° Latest News
AvalonBay And Equity Residential Merger Reshapes Multifamily REIT Valuation Story
Simply Wall St. âĸ 2026-06-13T15:12:56ZEquity Residential Stock: Is EQR Underperforming the Real Estate Sector?
Barchart âĸ 2026-06-12T11:51:48ZToll Brothers upgraded, Lennar downgraded: Wall Street's top analyst calls
The Fly âĸ 2026-06-09T13:32:55ZAvalonBayâs management team leads âmerger of equalsâ
Multifamily Dive âĸ 2026-06-08T13:10:27ZEquity Residential Merger With AvalonBay Reshapes Scale Valuation And Outlook
Simply Wall St. âĸ 2026-06-02T10:08:10ZWolfe Research upgrades AvalonBay, Equity Residential on merger synergy and value
Investing.com âĸ 2026-06-01T15:39:52ZTop Analyst Reports for Alphabet, Apple & Micron Technology
Zacks âĸ 2026-05-27T20:13:00ZEquity Residential-AvalonBay Communities Merger Set to Boost Cost Savings, Tech Gains, BofA Says
MT Newswires âĸ 2026-05-27T15:44:31ZEquity Residential (EQR): The Best Residential REIT to Buy in 2026
Insider Monkey âĸ 2026-05-25T23:09:43ZAvalonBay (AVB) and Equity Residential Near Merger Agreement
Insider Monkey âĸ 2026-05-25T23:04:57ZIncome Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $1,120,914,000 | $1,073,457,000 | $988,132,000 | $919,114,000 |
| Cost Of Revenue | $1,120,914,000 | $1,073,457,000 | $988,132,000 | $919,114,000 |
| Total Revenue | $3,040,725,000 | $2,913,757,000 | $2,767,909,000 | $2,593,446,000 |
| Operating Revenue | $3,040,725,000 | $2,913,757,000 | $2,767,909,000 | $2,593,446,000 |
| Expenses | ||||
| Interest Expense | $259,181,000 | $226,589,000 | $205,992,000 | $230,074,000 |
| Total Expenses | $2,120,969,000 | $1,998,007,000 | $1,881,631,000 | $1,808,156,000 |
| Other Income Expense | $367,413,000 | $375,008,000 | $253,287,000 | $595,868,000 |
| Other Non Operating Income Expenses | $-6,715,000 | $-17,588,000 | $-33,305,000 | $-11,438,000 |
| Net Non Operating Interest Income Expense | $-231,705,000 | $-208,138,000 | $-200,974,000 | $-230,074,000 |
| Interest Expense Non Operating | $259,181,000 | $226,589,000 | $205,992,000 | $230,074,000 |
| Operating Expense | $1,000,055,000 | $924,550,000 | $893,499,000 | $889,042,000 |
| General And Administrative Expense | $86,679,000 | $77,697,000 | $76,534,000 | $74,064,000 |
| Income & Earnings | ||||
| Net Interest Income | $-231,705,000 | $-208,138,000 | $-200,974,000 | $-230,074,000 |
| Interest Income | $27,476,000 | $18,451,000 | $5,018,000 | - |
| Normalized Income | $787,095,770 | $721,777,124 | $653,677,891 | $589,910,787 |
| Net Income From Continuing And Discontinued Operation | $1,051,301,000 | $1,081,994,000 | $928,825,000 | $1,136,775,000 |
| Average Dilution Earnings | $7,272,000 | $0 | $25,000 | $48,000 |
| Net Income Common Stockholders | $1,049,327,000 | $1,079,925,000 | $927,162,000 | $1,134,684,000 |
| Net Income | $1,051,301,000 | $1,081,994,000 | $928,825,000 | $1,136,775,000 |
| Net Income Including Noncontrolling Interests | $1,056,599,000 | $1,082,175,000 | $928,438,000 | $1,136,438,000 |
| Net Income Continuous Operations | $1,056,599,000 | $1,082,175,000 | $928,438,000 | $1,136,438,000 |
| Pretax Income | $1,055,464,000 | $1,082,620,000 | $938,591,000 | $1,151,084,000 |
| Special Income Charges | $334,437,000 | $360,365,000 | $278,156,000 | $553,912,000 |
| Earnings From Equity Interest | $39,691,000 | $32,231,000 | $8,436,000 | $53,394,000 |
| Interest Income Non Operating | $27,476,000 | $18,451,000 | $5,018,000 | - |
| Operating Income | $919,756,000 | $915,750,000 | $886,278,000 | $785,290,000 |
| Depreciation Amortization Depletion Income Statement | $913,376,000 | $846,853,000 | $816,965,000 | $814,978,000 |
| Depreciation And Amortization In Income Statement | $913,376,000 | $846,853,000 | $816,965,000 | $814,978,000 |
| Depreciation Income Statement | $913,376,000 | $846,853,000 | $816,965,000 | $814,978,000 |
| Gross Profit | $1,919,811,000 | $1,840,300,000 | $1,779,777,000 | $1,674,332,000 |
| Per Share | ||||
| Diluted EPS | $7.40 | $7.60 | $6.56 | $8.12 |
| Basic EPS | $7.40 | $7.61 | $6.56 | $8.13 |
| Other | ||||
| Tax Effect Of Unusual Items | $70,231,770 | $148,124 | $3,008,891 | $7,047,787 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $1,893,584,000 | $1,795,697,000 | $1,683,392,000 | $1,642,224,000 |
| Total Unusual Items | $334,437,000 | $360,365,000 | $278,156,000 | $553,912,000 |
| Total Unusual Items Excluding Goodwill | $334,437,000 | $360,365,000 | $278,156,000 | $553,912,000 |
| Reconciled Depreciation | $913,376,000 | $846,853,000 | $816,965,000 | $814,978,000 |
| EBITDA (Bullshit earnings) | $2,228,021,000 | $2,156,062,000 | $1,961,548,000 | $2,196,136,000 |
| EBIT | $1,314,645,000 | $1,309,209,000 | $1,144,583,000 | $1,381,158,000 |
| Diluted Average Shares | $142,826,382 | $142,458,604 | $141,643,788 | $139,975,087 |
| Basic Average Shares | $142,005,973 | $142,272,967 | $141,560,642 | $139,891,551 |
| Diluted NI Availto Com Stockholders | $1,056,599,000 | $1,079,925,000 | $927,162,000 | $1,134,684,000 |
| Otherunder Preferred Stock Dividend | $1,974,000 | $2,069,000 | $1,663,000 | $2,091,000 |
| Minority Interests | $-5,298,000 | $-181,000 | $387,000 | $337,000 |
| Tax Provision | $-1,135,000 | $445,000 | $10,153,000 | $14,646,000 |
| Gain On Sale Of Ppe | $335,713,000 | $363,300,000 | $287,424,000 | $555,558,000 |
| Other Special Charges | $1,276,000 | $2,935,000 | $9,268,000 | $1,646,000 |
| Selling General And Administration | $86,679,000 | $77,697,000 | $76,534,000 | $74,064,000 |
| Other Gand A | $86,679,000 | $77,697,000 | $76,534,000 | $74,064,000 |
| Gain On Sale Of Security | - | $363,300,000 | $287,424,000 | $5,127,000 |
| Restructuring And Mergern Acquisition | - | - | $33,479,000 | $16,565,000 |
| Research And Development | - | - | - | $16,565,000 |
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $11,611,340,000 | $11,941,092,000 | $11,783,318,000 | $11,253,476,000 |
| Total Assets | $22,192,137,000 | $21,000,737,000 | $20,678,214,000 | $20,457,764,000 |
| Total Non Current Assets | $21,839,054,000 | $20,733,661,000 | $20,147,254,000 | $19,723,519,000 |
| Other Non Current Assets | $618,597,000 | $540,950,000 | $396,442,000 | $316,808,000 |
| Non Current Deferred Assets | $73,237,000 | $43,675,000 | $53,122,000 | $58,489,000 |
| Current Assets | $353,083,000 | $267,076,000 | $530,960,000 | $734,245,000 |
| Restricted Cash | $165,849,000 | $158,500,000 | $133,070,000 | $121,056,000 |
| Cash Cash Equivalents And Short Term Investments | $187,234,000 | $108,576,000 | $397,890,000 | $613,189,000 |
| Cash And Cash Equivalents | $187,234,000 | $108,576,000 | $397,890,000 | $613,189,000 |
| Other Current Assets | - | - | - | $247,461,000 |
| Prepaid Assets | - | - | - | $36,815,000 |
| Debt | ||||
| Net Debt | $9,141,318,000 | $7,968,673,000 | $7,583,932,000 | $7,702,856,000 |
| Total Debt | $9,493,752,000 | $8,250,531,000 | $8,135,054,000 | $8,478,716,000 |
| Long Term Debt And Capital Lease Obligation | $8,754,144,000 | $8,250,531,000 | $8,135,054,000 | $8,478,716,000 |
| Long Term Debt | $8,588,944,000 | $8,077,249,000 | $7,981,822,000 | $8,316,045,000 |
| Current Debt And Capital Lease Obligation | $739,608,000 | - | - | - |
| Current Debt | $739,608,000 | - | - | - |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $10,357,820,000 | $9,059,645,000 | $8,893,423,000 | $9,201,526,000 |
| Total Non Current Liabilities Net Minority Interest | $8,814,833,000 | $8,313,360,000 | $8,198,869,000 | $8,542,416,000 |
| Other Non Current Liabilities | $60,689,000 | $62,829,000 | $63,815,000 | $63,700,000 |
| Current Liabilities | $1,542,987,000 | $746,285,000 | $694,554,000 | $659,110,000 |
| Payables And Accrued Expenses | $803,379,000 | $746,285,000 | $694,554,000 | $659,110,000 |
| Interest Payable | $68,591,000 | $58,377,000 | $57,911,000 | $54,100,000 |
| Payables | $342,815,000 | $330,921,000 | $325,775,000 | $298,824,000 |
| Dividends Payable | $250,548,000 | $244,967,000 | $238,072,000 | $226,022,000 |
| Accounts Payable | $92,267,000 | $85,954,000 | $87,703,000 | $72,802,000 |
| Other Current Liabilities | - | - | - | - |
| Equity | ||||
| Common Stock Equity | $11,611,340,000 | $11,941,092,000 | $11,783,318,000 | $11,253,476,000 |
| Total Equity Gross Minority Interest | $11,834,317,000 | $11,941,092,000 | $11,784,791,000 | $11,256,238,000 |
| Stockholders Equity | $11,611,340,000 | $11,941,092,000 | $11,783,318,000 | $11,253,476,000 |
| Gains Losses Not Affecting Retained Earnings | $26,486,000 | $34,304,000 | $16,116,000 | $1,424,000 |
| Other Equity Adjustments | $26,486,000 | $34,304,000 | $16,116,000 | $1,424,000 |
| Retained Earnings | $371,157,000 | $591,250,000 | $478,156,000 | $485,221,000 |
| Long Term Equity Investment | $193,441,000 | $227,320,000 | $220,145,000 | $212,084,000 |
| Preferred Securities Outside Stock Equity | - | - | - | - |
| Other | ||||
| Ordinary Shares Number | $140,080,657 | $142,254,022 | $142,025,456 | $139,916,864 |
| Share Issued | $140,080,657 | $142,254,022 | $142,025,456 | $139,916,864 |
| Tangible Book Value | $11,611,340,000 | $11,941,092,000 | $11,783,318,000 | $11,253,476,000 |
| Invested Capital | $20,939,892,000 | $20,018,341,000 | $19,765,140,000 | $19,569,521,000 |
| Working Capital | $-1,189,904,000 | $-479,209,000 | $-163,594,000 | $75,135,000 |
| Capital Lease Obligations | $165,200,000 | $173,282,000 | $153,232,000 | $162,671,000 |
| Total Capitalization | $20,200,284,000 | $20,018,341,000 | $19,765,140,000 | $19,569,521,000 |
| Minority Interest | $222,977,000 | $0 | $1,473,000 | $2,762,000 |
| Additional Paid In Capital | $11,212,296,000 | $11,314,116,000 | $11,287,626,000 | $10,765,431,000 |
| Capital Stock | $1,401,000 | $1,422,000 | $1,420,000 | $1,400,000 |
| Common Stock | $1,401,000 | $1,422,000 | $1,420,000 | $1,400,000 |
| Preferred Stock | $0 | $0 | $0 | $0 |
| Long Term Capital Lease Obligation | $165,200,000 | $173,282,000 | $153,232,000 | $162,671,000 |
| Line Of Credit | $739,608,000 | $0 | $0 | $0 |
| Current Accrued Expenses | $460,564,000 | $415,364,000 | $368,779,000 | $360,286,000 |
| Investments And Advances | $193,441,000 | $227,320,000 | $220,145,000 | $212,084,000 |
| Investment Properties | $20,806,242,000 | $19,767,062,000 | $19,342,871,000 | $18,992,807,000 |
| Net PPE | $147,537,000 | $154,654,000 | $134,674,000 | $143,331,000 |
| Gross PPE | $147,537,000 | $154,654,000 | $134,674,000 | $143,331,000 |
| Other Properties | $147,537,000 | $154,654,000 | $134,674,000 | $143,331,000 |
| Investmentsin Associatesat Cost | - | - | $220,145,000 | $212,084,000 |
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $1,406,163,000 | $1,409,852,000 | $1,362,755,000 | $1,247,227,000 |
| Operating Activities | ||||
| Operating Cash Flow | $1,671,105,000 | $1,607,878,000 | $1,560,029,000 | $1,421,932,000 |
| Cash Flow From Continuing Operating Activities | $1,671,105,000 | $1,607,878,000 | $1,560,029,000 | $1,421,932,000 |
| Operating Gains Losses | $-364,856,000 | $-386,323,000 | $-281,145,000 | $-590,174,000 |
| Investing Activities | ||||
| Capital Expenditure | $-264,942,000 | $-198,026,000 | $-197,274,000 | $-174,705,000 |
| Investing Cash Flow | $-1,392,367,000 | $-996,864,000 | $-928,955,000 | $-560,419,000 |
| Cash Flow From Continuing Investing Activities | $-1,392,367,000 | $-996,864,000 | $-928,955,000 | $-560,419,000 |
| Net Other Investing Changes | $-2,718,000 | $-91,600,000 | $-67,648,000 | $-16,251,000 |
| Capital Expenditure Reported | $-264,942,000 | $-198,026,000 | $-197,274,000 | $-174,705,000 |
| Financing Activities | ||||
| Repurchase Of Capital Stock | $-488,115,000 | $0 | $-1,911,000 | $0 |
| Issuance Of Capital Stock | $86,645,000 | $10,535,000 | $496,706,000 | $20,020,000 |
| Financing Cash Flow | $-192,731,000 | $-874,898,000 | $-834,359,000 | $-671,056,000 |
| Cash Flow From Continuing Financing Activities | $-192,731,000 | $-874,898,000 | $-834,359,000 | $-671,056,000 |
| Net Other Financing Charges | $-49,383,000 | $-12,514,000 | $-9,253,000 | $-6,702,000 |
| Cash Dividends Paid | $-992,333,000 | $-961,914,000 | $-922,657,000 | $-889,607,000 |
| Net Common Stock Issuance | $-401,470,000 | $10,535,000 | $494,795,000 | $20,020,000 |
| Common Stock Issuance | $86,645,000 | $10,535,000 | $496,706,000 | $20,020,000 |
| Dividends Received Cfi | $7,500,000 | $11,178,000 | $5,468,000 | $51,464,000 |
| Other | ||||
| Repayment Of Debt | $-836,465,000 | $-309,793,000 | $-797,000,000 | $-143,332,000 |
| Issuance Of Debt | $2,086,920,000 | $398,788,000 | $399,756,000 | $348,565,000 |
| Interest Paid Supplemental Data | $236,549,000 | $213,253,000 | $187,523,000 | $212,241,000 |
| End Cash Position | $353,083,000 | $267,076,000 | $530,960,000 | $734,245,000 |
| Beginning Cash Position | $267,076,000 | $530,960,000 | $734,245,000 | $543,788,000 |
| Changes In Cash | $86,007,000 | $-263,884,000 | $-203,285,000 | $190,457,000 |
| Common Stock Payments | $-488,115,000 | $0 | $-1,911,000 | $0 |
| Net Issuance Payments Of Debt | $1,250,455,000 | $88,995,000 | $-397,244,000 | $205,233,000 |
| Net Short Term Debt Issuance | $739,608,000 | $0 | $0 | - |
| Short Term Debt Issuance | $739,608,000 | $0 | $0 | - |
| Net Long Term Debt Issuance | $510,847,000 | $88,995,000 | $-397,244,000 | $205,233,000 |
| Long Term Debt Payments | $-836,465,000 | $-309,793,000 | $-797,000,000 | $-143,332,000 |
| Long Term Debt Issuance | $1,347,312,000 | $398,788,000 | $399,756,000 | $348,565,000 |
| Net Investment Properties Purchase And Sale | $-1,092,198,000 | $-704,241,000 | $-650,640,000 | $-406,658,000 |
| Sale Of Investment Properties | $799,419,000 | $711,279,000 | $467,096,000 | $1,051,383,000 |
| Purchase Of Investment Properties | $-1,891,617,000 | $-1,415,520,000 | $-1,117,736,000 | $-1,458,041,000 |
| Net Business Purchase And Sale | $-40,009,000 | $-14,175,000 | $-18,861,000 | $-14,269,000 |
| Purchase Of Business | $-40,009,000 | $-14,175,000 | $-18,861,000 | $-14,269,000 |
| Change In Working Capital | $13,721,000 | $6,764,000 | $17,796,000 | $10,009,000 |
| Change In Payables And Accrued Expense | $43,027,000 | $37,922,000 | $12,019,000 | $17,176,000 |
| Change In Accrued Expense | $43,027,000 | $37,922,000 | $12,019,000 | $17,176,000 |
| Change In Prepaid Assets | $-3,182,000 | $-16,576,000 | $11,580,000 | $-7,167,000 |
| Change In Receivables | $-26,124,000 | $-14,582,000 | $-5,803,000 | - |
| Other Non Cash Items | $25,807,000 | $33,036,000 | $50,833,000 | $16,817,000 |
| Stock Based Compensation | $26,458,000 | $25,373,000 | $27,142,000 | $33,864,000 |
| Depreciation Amortization Depletion | $913,376,000 | $846,853,000 | $816,965,000 | $814,978,000 |
| Depreciation And Amortization | $913,376,000 | $846,853,000 | $816,965,000 | $814,978,000 |
| Depreciation | $913,376,000 | $846,853,000 | $816,965,000 | $814,978,000 |
| Earnings Losses From Equity Investments | $-23,610,000 | $-21,693,000 | $5,332,000 | $5,255,000 |
| Gain Loss On Investment Securities | $-341,246,000 | $-364,630,000 | $-286,627,000 | $-597,075,000 |
| Net Income From Continuing Operations | $1,056,599,000 | $1,082,175,000 | $928,438,000 | $1,136,438,000 |