Avalonbay Communities Inc.

Avalonbay Communities Inc.

AVB

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Market Cap$25.39B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Avalonbay Communities Inc.Avalonbay Communities Inc.22.43.85%10%8.70.8

Earnings Call Q1 2026

April 28, 2026 - AI Summary

First Quarter Performance: AvalonBay Communities exceeded expectations in Q1 2026, with same-store residential revenue growth of 1.6% year-over-year and occupancy slightly up to 96.1%. The company achieved a notable $0.02 outperformance in core funds from operations (FFO) per share, attributed to revenue growth and lower operating expenses, enhancing overall financial health.
Development Outlook: AvalonBay commenced $190 million in new development in Q1 and is on track for $800 million in planned development starts throughout 2026, with anticipated initial stabilized yields between 6.5% to 7%. The development NOI is projected to ramp up to $120 million by 2027, providing significant future earnings potential.
Leasing and Pricing Power: The company reported strong leasing activity, particularly in its lease-up portfolio, with a leasing velocity of 32 units per month versus a historical average of 23. Despite ongoing challenges in some markets (Los Angeles, Boston), the overall occupancy trends and declining turnover (now at 31%) bolster pricing power, allowing for increased asking rents in the low 5% range.

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$193.33

Target Price by Analysts

5.5% upsideAvalonbay Communities Target Price DetailsTarget Price
$286.36

Current Fair Value

56.3% upside

Undervalued by 56.3% based on the discounted cash flow analysis.

Share Statistics

Market cap$25.39 Billion
Enterprise Value$34.63 Billion
Dividend Yield$7.03 (3.85%)
Earnings per Share$7.4
Beta0.8
Outstanding Shares139,828,138

Return

Return on Equity9.75%ROE
Return on Assets5.16%
Return on Invested Capital3.87%

Valuation & Multiples

P/E Ratio22.35P/E Ratio
PEG59.33PEG
Price to Sales8.72Price to Sales
Price to Book Ratio2.21Price to Book Ratio
Enterprise Value to Revenue11.3
Enterprise Value to EBIT41.96
Enterprise Value to Net Income30
Total Debt to Enterprise0.27
Debt to Equity0.8Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
April 29, 2026
EPS Estimate
$1.27
Average shareholder expectation
Revenue Estimate
$768.80 M
Average shareholder expectation

Next Earnings Call

Expected Date
July 29, 2026
EPS Estimate
$1.28
Average shareholder expectation
Revenue Estimate
$771.77 M
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio1.1416▲ 60.50%
Total Calls249,300▼ 0.04%
Total Puts284,600▲ 112.66%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %89.01%▼ 15.49%
Total Invested$20.48B▼ 44.09%
Investors Holding754▼ 14.00%

ESG Score

No data

About Avalonbay Communities Inc.

Relevant Senate Committees

Joint Committee on Taxation

This committee provides technical analysis and revenue estimates for all tax legislation, directly influencing corporate tax structures and the specific details of tax policy that are profoundly important for REITs like Avalonbay Communities.

Finance

This committee controls taxation, which is critical for REITs due to their unique tax structure. Changes in tax policy, capital gains, or specific REIT provisions would directly and significantly impact Avalonbay Communities' profitability and investment strategies.

Banking, Housing, and Urban Affairs

This committee directly regulates the financial system, including real estate markets and HUD, making it a primary source of influence on housing policies, financing, and regulations critical to Avalonbay Communities.