Avalonbay Communities Inc.
AVB
Market Cap$30.21B
Close$
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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$307.28
50.3% upside
Current Fair Value
50.3% upsideUndervalued by 50.3% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $30.21 Billion |
|---|---|
| Enterprise Value | $38.35 Billion |
| Dividend Yield | $6.85 (3.22808671065033%) |
| Earnings per Share | $7.61 |
| Beta | 0.87 |
| Outstanding Shares | 142,038,838 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 27.86 |
|---|---|
| PEG | 167.99 |
| Price to Sales | 10.22 |
| Price to Book Ratio | 2.43 |
| Enterprise Value to Revenue | 13.27 |
| Enterprise Value to EBIT | 37.26 |
| Enterprise Value to Net Income | 35 |
| Total Debt to Enterprise | 0.22 |
| Debt to Equity | 0.69 |
Revenue Sources
No data
Insider Trades
ESG Score
No data