Avalonbay Communities Inc.
AVB
Market Cap$28.84B
Close$
Earnings Call Q2 2024
August 1, 2024 - AI Summary
AvalonBay Communities exceeded revenue expectations in the second quarter and successfully managed operating expenses lower.
The company raised its guidance for full year core FFO per share to $11.02, representing a year-over-year growth rate of 3.7%.
Same-store revenue growth is projected to be 3.5% for 2024, with stronger performance expected in established East Coast regions.
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$274.62
19.7% upside
Current Fair Value
19.7% upsideUndervalued by 19.7% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $28.84 Billion |
|---|---|
| Enterprise Value | $36.45 Billion |
| Dividend Yield | $6.6139 (3.26%) |
| Earnings per Share | $6.71 |
| Beta | 0.73 |
| Outstanding Shares | 142,185,893 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 30.24 |
|---|---|
| PEG | -97.19 |
| Price to Sales | 12.07 |
| Price to Book Ratio | 2.8 |
| Enterprise Value to Revenue | 12.94 |
| Enterprise Value to EBIT | 41.2 |
| Enterprise Value to Net Income | 43 |
| Total Debt to Enterprise | 0.23 |
| Debt to Equity | 0.71 |
Revenue Sources
No data
Insider Trades
ESG Score
No data