0.45%
0.41%
-0.33%
7.78%
23.38%
-9.56%
1.93%
AI Spotlight on AVB
Company 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").
Market Data
| Last Price | 220.87 |
| Change Percentage | 0.45% |
| Open | 218.84 |
| Previous Close | 219.88 |
| Market Cap ( Millions) | 31416 |
| Volume | 33882 |
| Year High | 239.29 |
| Year Low | 169.37 |
| M A 50 | 223.02 |
| M A 200 | 213.45 |
Financial Ratios
| FCF Yield | 4.98% |
| Dividend Yield | 3.08% |
| ROE | 8.84% |
| Debt / Equity | 71.95% |
| Net Debt / EBIDTA | 410.18% |
| Price To Book | 2.64 |
| Price Earnings Ratio | 30.09 |
| Price To FCF | 20.09 |
| Price To sales | 11.0 |
| EV / EBITDA | 20.2 |
News
- Jan -26 - Morning In America
- Jan -20 - My Biggest Wins Of 2024
- Jan -19 - The End Of An Era
- Jan -17 - Here's Why You Should Retain AvalonBay in Your Portfolio Now
- Jan -16 - AvalonBay Communities Announces 2024 Dividend Income Tax Treatment
- Jan -15 - California REITs see rating upgrades in the wake of fires
- Jan -13 - Apartment Rents Are Too Low
- Jan -11 - Why REIT Struggles Now Could Lead To Big Gains: Lessons From A Billionaire Investor
- Jan -09 - AvalonBay Communities, Inc. Announces Fourth Quarter 2024 Earnings Release Date
- Jan -04 - Sector Spotlight: Multifamily REITs - They Survived Until 2025!
- Dec -19 - State Of REITs: Recession To Recovery In 2025
- Dec -18 - Should AvalonBay Communities Stock be Retained in Your Portfolio Now?
- Dec -03 - Property Type Round-Up From REITworld 2024
- Dec -01 - 'Tis The Season For REIT Dividends
- Nov -26 - AvalonBay Stock Gains 19.2% in Six Months: More Room to Run?
- Nov -26 - 3 Industry-Leading High-Yield REITs to Buy With $1,000 and Hold Forever
- Nov -22 - AvalonBay Stock: 6 Reasons Why I'm Skeptical Of The Price
- Nov -19 - This Stock Deserves a Closer Look by Savvy Investors
- Nov -13 - AvalonBay Communities, Inc. Named 2024 Regional Sector Leader by GRESB
- Nov -11 - Is AvalonBay Communities (AVB) Stock Outpacing Its Finance Peers This Year?
Business Breakdown
Expected Mid-Term Growth
Segment nΒ°1 -> Same Store
Expected Growth : 2.5 %
What the company do ?
Same Store refers to a subset of AvalonBay Communities' apartment communities that were stabilized and operating consistently for at least one year.
Why we expect these perspectives ?
AvalonBay's 2.5% same-store growth is driven by strong demand for luxury apartments, particularly in coastal markets. Effective rent growth management, high occupancy rates, and a favorable mix of new lease and renewal rates contribute to this growth. Additionally, the company's focus on amenity-rich communities and strategic capital investments in existing properties also support this growth.
Segment nΒ°2 -> Other Stabilized
Expected Growth : 2.8 %
What the company do ?
Other Stabilized from AvalonBay Communities, Inc. refers to the company's stabilized operating communities that are not yet mature, but have achieved stabilized occupancy and revenue growth.
Why we expect these perspectives ?
AvalonBay's Other Stabilized segment growth of 2.8% is driven by strong demand for multifamily housing, particularly in coastal markets, coupled with the company's strategic focus on urban infill development and redevelopment of existing assets, resulting in higher rents and occupancy rates.
Segment nΒ°3 -> Development/Redevelopment
Expected Growth : 3.5 %
What the company do ?
AvalonBay Communities, Inc. develops and redevelops apartment communities, offering luxury living experiences with upscale amenities and services, enhancing residents' lifestyles.
Why we expect these perspectives ?
AvalonBay Communities, Inc.'s 3.5% growth in Development/Redevelopment is driven by increasing demand for luxury apartments, strategic land acquisitions, and a strong pipeline of projects in high-growth markets. Additionally, the company's focus on urban infill development, mixed-use projects, and amenity-rich communities also contributes to its growth.
Segment nΒ°4 -> Non-allocated
Expected Growth : 2.2 %
What the company do ?
Non-allocated refers to the portion of AvalonBay Communities, Inc.'s expenses that are not attributed to specific operating segments, such as corporate overhead and other miscellaneous costs.
Why we expect these perspectives ?
AvalonBay Communities, Inc.'s 2.2% non-allocated growth is driven by increasing demand for luxury apartments, strategic expansion into high-growth markets, and effective cost management. Additionally, the company's focus on redevelopment and repositioning of existing assets, as well as its strong balance sheet, contribute to its growth momentum.
Avalonbay Communities, Inc. Products
| Product Range | What is it ? |
|---|---|
| Apartment Rentals | AvalonBay Communities, Inc. offers a range of apartment rentals across the United States, providing residents with a comfortable and convenient living experience. |
| Luxury Apartment Communities | AvalonBay's luxury apartment communities offer high-end amenities and services, including upscale finishes, rooftop pools, and concierge services. |
| Student Housing | AvalonBay provides student housing options near top universities, offering amenities such as study lounges, fitness centers, and social events. |
| Senior Housing | AvalonBay's senior housing communities offer supportive living environments, with amenities such as community kitchens, fitness centers, and social programs. |
| Mixed-Use Development | AvalonBay develops mixed-use projects that combine residential, retail, and commercial spaces, creating vibrant, walkable communities. |
| Property Management Services | AvalonBay offers property management services, including leasing, marketing, and maintenance, to optimize property performance. |
AvalonBay Communities, Inc.'s Porter Forces
Threat Of Substitutes
AvalonBay Communities, Inc. operates in a highly competitive industry, but the threat of substitutes is mitigated by the company's focus on providing high-quality apartments and amenities, making it difficult for substitutes to replicate.
Bargaining Power Of Customers
AvalonBay Communities, Inc. has a diverse customer base, and no single customer has significant bargaining power, reducing the threat of customer bargaining power.
Bargaining Power Of Suppliers
AvalonBay Communities, Inc. relies on various suppliers for materials and services, but the company's scale and negotiating power mitigate the bargaining power of suppliers.
Threat Of New Entrants
The threat of new entrants is high in the real estate industry, as new companies can enter the market and compete with AvalonBay Communities, Inc. for market share.
Intensity Of Rivalry
The real estate industry is highly competitive, and AvalonBay Communities, Inc. faces intense rivalry from established companies, making it challenging to maintain market share and pricing power.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 40.43% |
| Debt Cost | 3.95% |
| Equity Weight | 59.57% |
| Equity Cost | 8.51% |
| WACC | 6.66% |
| Leverage | 67.87% |
AvalonBay Communities, Inc. : Quality Control
AvalonBay Communities, Inc. passed 4 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| VICI | VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties' β¦ |
| PSA | Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns and operates self-storage facilities. At September 30, 2020, we had: β¦ |
| SPG | Simon is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our β¦ |
| IRM | Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services. Trusted by more than 225,000 organizations around the world, and with a β¦ |
| EQR | Equity Residential is committed to creating communities where people thrive. The Company, a member of the S&P 500, is focused on the acquisition, development and management of residential properties located β¦ |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
π₯
VICI Properties
A-Score
1-Year Total Return ->
π₯
Public Storage
A-Score
1-Year Total Return ->
π₯
Iron Mountain
A-Score
1-Year Total Return ->
4
Simon Property Group
A-Score
1-Year Total Return ->
5
AvalonBay Communities
A-Score
1-Year Total Return ->
6
