Avalonbay Communities Inc.
AVB
Market Cap$29.1B
Close$
Earnings Call Q1 2025
May 1, 2025 - AI Summary
Strong Q1 Performance: AvalonBay Communities reported a core FFO growth of 4.8% year-over-year in Q1 2025, exceeding previous guidance by $0.03, driven by slightly higher occupancy and favorable operating expenses. This positive performance indicates resilience in their operations despite economic uncertainties.
Development Pipeline and Earnings Growth: The company has $3 billion in development projects underway, with anticipated completion and leasing providing a meaningful earnings boost in 2025-2026. Forecasting 2,300 new occupancies in 2025, increasing to 2,800 in 2026 suggests a more robust earning potential in the following year.
Market Dynamics Favoring Suburbs: AvalonBay has shifted its portfolio strategy towards suburban markets, with 73% of its investments now in suburbs due to demographic trends favoring these areas over urban settings. Suburban regions are seeing limited new deliveries which enhances pricing power and occupancy rates.
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$311.72
53.2% upside
Current Fair Value
53.2% upsideUndervalued by 53.2% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $29.10 Billion |
|---|---|
| Enterprise Value | $37.52 Billion |
| Dividend Yield | $6.85 (3.35159996085723%) |
| Earnings per Share | $7.61 |
| Beta | 0.87 |
| Outstanding Shares | 142,113,283 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 25.36 |
|---|---|
| PEG | 69.67 |
| Price to Sales | 10.18 |
| Price to Book Ratio | 2.45 |
| Enterprise Value to Revenue | 12.79 |
| Enterprise Value to EBIT | 34.07 |
| Enterprise Value to Net Income | 32 |
| Total Debt to Enterprise | 0.23 |
| Debt to Equity | 0.71 |
Revenue Sources
No data
Insider Trades
ESG Score
No data