Docoh
Loading...

AVB Avalonbay Communities

AvalonBay Communities, Inc. is a real estate investment trust, which engages in the development, acquisition, ownership, and operation of multifamily communities. It operates through the following segments: Established Communities, Other Stabilized Communities, and Development or Redevelopment Communities. The Established Communities segment refers to the operating communities that were owned and had stabilized occupancy. The Other Stabilized Communities segment includes all other completed communities that have stabilized occupancy. The Development or Redevelopment Communities segment consists of communities that are under construction. The company was founded by Gilbert M. Meyer in 1978 and is headquartered in Arlington, VA.

Company profile

Ticker
AVB
Exchange
CEO
Timothy J. Naughton
Employees
Incorporated
Location
Fiscal year end
Former names
AVALON BAY COMMUNITIES INC, BAY APARTMENT COMMUNITIES INC
SEC CIK
IRS number
770404318

AVB stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

25 Feb 21
11 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Mar 21 Terry S. Brown Common Stock, par value $.01 per share Grant Aquire A No No 0 148 0 8,918.62
1 Mar 21 Havner Ronald L JR Common Stock, par value $.01 per share Grant Aquire A No No 0 162 0 9,503.683
1 Mar 21 Susan Swanezy Common Stock, par value $.01 per share Grant Aquire A No No 0 148 0 6,563.913
1 Mar 21 Matthew H. Birenbaum Common Stock, par value $.01 per share Payment of exercise Dispose F No No 0 6,053 0 56,330
1 Mar 21 Matthew H. Birenbaum Common Stock, par value $.01 per share Grant Aquire A No No 0 4,530 0 62,383
1 Mar 21 Sean J. Breslin Common Stock, par value $.01 per share Payment of exercise Dispose F No No 0 6,073 0 46,246.997
1 Mar 21 Sean J. Breslin Common Stock, par value $.01 per share Grant Aquire A No No 0 4,530 0 52,319.997

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

90.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 538 516 +4.3%
Opened positions 75 51 +47.1%
Closed positions 53 93 -43.0%
Increased positions 162 161 +0.6%
Reduced positions 221 223 -0.9%
13F shares
Current Prev Q Change
Total value 20.25B 18.73B +8.1%
Total shares 126.23M 125.38M +0.7%
Total puts 352.5K 291K +21.1%
Total calls 775.61K 797.5K -2.7%
Total put/call ratio 0.5 0.4 +24.6%
Largest owners
Shares Value Change
Vanguard 21.87M $3.51B -1.4%
BLK Blackrock 14.31M $2.3B -3.8%
STT State Street 8.22M $1.33B -2.9%
JPM JPMorgan Chase & Co. 6.11M $979.6M +0.3%
PFG Principal Financial Group Inc - Registered Shares 4.9M $786.28M -6.3%
Norges Bank 3.73M $598.51M NEW
TROW T. Rowe Price 3.32M $533.11M +43.5%
Geode Capital Management 2.8M $448.54M -7.3%
IVZ Invesco 2.76M $442.12M +400.5%
NTRS Northern Trust 2.67M $428.29M -4.6%
Largest transactions
Shares Bought/sold Change
Norges Bank 3.73M +3.73M NEW
IVZ Invesco 2.76M +2.21M +400.5%
D1 Capital Partners 621.2K -2.06M -76.8%
Viking Global Investors 1.21M -1.34M -52.6%
TROW T. Rowe Price 3.32M +1.01M +43.5%
GS Goldman Sachs 1.69M +644.31K +61.4%
BLK Blackrock 14.31M -567.67K -3.8%
Centersquare Investment Management 433.49K -514.79K -54.3%
SCHF (gpe) 492.02K +492.02K NEW
Long Pond Capital 1.73M +402.97K +30.4%

Financial report summary

?
Management Discussion
  • Net income attributable to common stockholders for the year ended December 31, 2020 was $827,630,000, an increase of $41,656,000, or 5.3%, as compared to the prior year. The increase is primarily attributable to increases in real estate sales and related gains, as well as NOI from Development and Other Stabilized Communities in the current year. These amounts were partially offset by a decrease in NOI from Established Communities and communities sold in 2019 and 2020, and an increase in depreciation expense in the current year.
  • Established Communities NOI for the year ended December 31, 2020 decreased by $96,395,000, or 6.4%, from the prior year. The decrease was due to a decrease in rental revenue of 3.7%, of which $43,970,000 was due to uncollectible lease revenue, $33,768,000 of which was for residential revenue and $10,202,000 was for commercial revenue, as well as an increase in property operating expenses of $17,424,000, or 2.9%, over 2019.
  • During 2020, we raised approximately $2,150,622,000 of gross capital through the issuance of unsecured notes and the sale of nine consolidated operating communities, condominiums at The Park Loggia and other real estate. This amount does not include our share of proceeds from joint venture dispositions. We believe that our current capital structure will continue to provide financial flexibility to access capital on attractive terms.
Content analysis
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: ahead, Aid, Asian, benjamin, Black, Blvd, Bruno, carryback, CEO, collaborate, commerce, Condensed, congregation, constriction, cushion, delinquency, delinquent, disease, distancing, eradicated, excel, expenditure, family, feasible, feedback, foregone, freely, functional, gave, global, guided, heighten, heightened, Hispanic, human, infection, introduced, joined, Kanso, learning, lifted, Matterin, misconduct, motivate, motivating, neighborhood, online, outbreak, Overview, package, pandemic, people, perspective, pet, population, preclude, prepay, refresher, relieve, restructure, resume, retroactively, Rose, sacrifice, schall, science, seasonal, sheriff, show, shutting, simplicity, smart, solar, spirit, Stamford, thoughtful, train, training, travel, uncertainty, unemployment, unique, University, unwilling, vaccination, vaccine, velocity, Venice, virtual, virtually, visiting, warrant, WeAddressedthe, Westfield, White, windstorm, workforce, workplace, world
Removed: absent, addressing, advisory, aggressively, air, alleged, apply, applying, approve, Assembly, assert, attaining, attitude, Ballston, Belltown, bid, book, calculation, care, catastrophe, centralizing, certainty, confidentiality, confirmation, consistency, consult, damaged, deductible, deem, defense, deflationary, derecognized, destroyed, destruction, Diego, discriminating, driven, EBITDA, Edgewater, educate, employing, enacted, endeavor, escalation, establishment, exceeded, exculpation, execute, expired, explain, familiarity, FL, forecasted, Glebe, hire, Horey, hurricane, ice, importance, improving, indemnification, informally, install, institutional, insurer, intrusion, Iselin, lengthy, lowering, Maplewood, MD, media, modification, Morningside, nearby, network, NJ, Northeast, notify, ordered, permanent, Pike, pose, predetermined, preference, preferring, prepayable, presently, proper, proposed, ranging, receipt, recently, reincorporated, remediating, removed, reputable, request, resolution, restabilized, retail, retention, rounding, Row, run, shaping, Similarly, snow, Somerville, stipulate, strive, Sudbury, sufficiently, TCJA, titled, Tower, transacted, Treasurer, undeveloped, ventilation, verification, vi, vii, voluntarily, wider, wind, wrongful