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
Website
CEO
Timothy J. Naughton
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
AVALON BAY COMMUNITIES INC, BAY APARTMENT COMMUNITIES INC
SEC CIK
Corporate docs
IRS number
770404318
AVB stock data
()
News
Benzinga's Top Ratings Upgrades, Downgrades For March 31, 2021
31 Mar 21
RBC Capital Initiates Coverage On AvalonBay Communities with Sector Perform Rating, Announces Price Target of $193
31 Mar 21
Analyzing AvalonBay Communities's Ex-Dividend Date
29 Mar 21
Deutsche Bank Downgrades AvalonBay Communities to Sell, Raises Price Target to $162
24 Mar 21
Morgan Stanley Maintains Equal-Weight on AvalonBay Communities, Raises Price Target to $203
15 Mar 21
Press releases
AvalonBay Communities Announces First Quarter 2021 Earnings Release Date
31 Mar 21
Seritage Growth Properties Reports Fourth Quarter and Full Year 2020 Operating Results
10 Mar 21
AvalonBay Communities, Inc. Provides First Quarter 2021 Operating Update
5 Mar 21
AvalonBay Communities, Inc. Announces Retirement of H. Jay Sarles from Board of Directors and Nomination of Christopher Howard and Nnenna Lynch
25 Feb 21
AvalonBay Communities, Inc. Announces 2021 Annual Meeting Details
25 Feb 21
Investment data
Securities sold
Number of investors
Calendar
25 Feb 21
11 Apr 21
31 Dec 21
Financial summary
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.
Recent insider trades
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 |
Institutional ownership Q4 2020
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 |
---|---|
Total holders | 538 |
Opened positions | 75 |
Closed positions | 53 |
Increased positions | 162 |
Reduced positions | 221 |
13F shares |
Current |
---|---|
Total value | 20.25B |
Total shares | 126.23M |
Total puts | 352.5K |
Total calls | 775.61K |
Total put/call ratio | 0.5 |
Largest owners |
Shares | Value |
---|---|---|
Vanguard | 21.87M | $3.51B |
BLK Blackrock | 14.31M | $2.3B |
STT State Street | 8.22M | $1.33B |
JPM JPMorgan Chase & Co. | 6.11M | $979.6M |
PFG Principal Financial Group Inc - Registered Shares | 4.9M | $786.28M |
Norges Bank | 3.73M | $598.51M |
TROW T. Rowe Price | 3.32M | $533.11M |
Geode Capital Management | 2.8M | $448.54M |
IVZ Invesco | 2.76M | $442.12M |
NTRS Northern Trust | 2.67M | $428.29M |
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
Financial reports
10-K
2020 FY
Annual report
25 Feb 21
10-Q
2020 Q3
Quarterly report
4 Nov 20
10-Q
2020 Q2
Quarterly report
5 Aug 20
10-Q
2020 Q1
Quarterly report
8 May 20
10-K
2019 FY
Annual report
21 Feb 20
10-Q
2019 Q3
Quarterly report
5 Nov 19
10-Q
2019 Q2
Quarterly report
6 Aug 19
10-Q
2019 Q1
Quarterly report
3 May 19
10-K/A
2018 FY
Annual report (amended)
15 Mar 19
10-K
2018 FY
Annual report
22 Feb 19
Current reports
8-K
Departure of Directors or Certain Officers
26 Feb 21
8-K
Avalonbay Communities, Inc. Announces 2020 Operating Results
4 Feb 21
8-K
Avalonbay Communities, Inc. Appoints Benjamin
10 Dec 20
8-K
Avalonbay Communities, Inc. Announces Third Quarter 2020 Operating Results
29 Oct 20
8-K
Avalonbay Communities, Inc. Announces Second Quarter 2020 Operating Results
30 Jul 20
8-K
Other Events
22 May 20
8-K
Amendments to Articles of Incorporation or Bylaws
15 May 20
8-K
Avalonbay Communities, Inc. Announces First Quarter 2020 Operating Results
7 May 20
8-K
Other Events
25 Feb 20
8-K
Avalonbay Communities, Inc. Announces 2019 Operating Results, 4.6% Dividend Increase
6 Feb 20
Registration and prospectus
424B2
Prospectus for primary offering
25 Feb 21
424B2
Prospectus for primary offering
25 Feb 21
S-3ASR
Automatic shelf registration
25 Feb 21
424B2
Prospectus for primary offering
10 May 20
FWP
Free writing prospectus
10 May 20
424B5
Prospectus supplement for primary offering
8 May 20
424B5
Prospectus supplement for primary offering
10 Feb 20
FWP
Free writing prospectus
10 Feb 20
424B5
Prospectus supplement for primary offering
10 Feb 20
424B2
Prospectus for primary offering
8 May 19
Proxies
DEFA14A
Additional proxy soliciting materials
7 Apr 21
DEF 14A
Definitive proxy
7 Apr 21
DEFA14A
Additional proxy soliciting materials
23 Apr 20
DEFA14A
Additional proxy soliciting materials
31 Mar 20
DEF 14A
Definitive proxy
31 Mar 20
PRE 14A
Preliminary proxy
20 Mar 20
DEFA14A
Additional proxy soliciting materials
27 Mar 19
DEF 14A
Definitive proxy
27 Mar 19
DEFA14A
Additional proxy soliciting materials
15 May 18
DEF 14A
Definitive proxy
5 Apr 18
Other
UPLOAD
Letter from SEC
2 Jun 14
CORRESP
Correspondence with SEC
28 Apr 14
UPLOAD
Letter from SEC
9 Apr 14
UPLOAD
Letter from SEC
11 Apr 12
CORRESP
Correspondence with SEC
28 Mar 12
UPLOAD
Letter from SEC
20 Mar 12
UPLOAD
Letter from SEC
27 Mar 11
CORRESP
Correspondence with SEC
21 Mar 11
UPLOAD
Letter from SEC
8 Mar 11
UPLOAD
Letter from SEC
11 Jul 10
Ownership
11-K
Annual report of employee stock purchases
19 Mar 21
4
AVALONBAY COMMUNITIES / Joanne M Lockeridge ownership change
4 Mar 21
3/A
AVALONBAY COMMUNITIES / Joanne M Lockeridge ownership change
4 Mar 21
3
AVALONBAY COMMUNITIES / Joanne M Lockeridge ownership change
4 Mar 21
4
AVALONBAY COMMUNITIES / Keri A Shea ownership change
3 Mar 21
4
AVALONBAY COMMUNITIES / EDWARD M SCHULMAN ownership change
3 Mar 21
4
AVALONBAY COMMUNITIES / Kevin P. O'Shea ownership change
3 Mar 21
4
AVALONBAY COMMUNITIES / TIMOTHY J NAUGHTON ownership change
3 Mar 21
4
AVALONBAY COMMUNITIES / William M McLaughlin ownership change
3 Mar 21
4
AVALONBAY COMMUNITIES / Sean J. Breslin ownership change
3 Mar 21
Transcripts
2020 Q4
Earnings call transcript
11 Feb 21
2020 Q3
Earnings call transcript
29 Oct 20
2020 Q2
Earnings call transcript
30 Jul 20
2020 Q1
Earnings call transcript
7 May 20
2019 Q4
Earnings call transcript
7 Feb 20
2019 Q3
Earnings call transcript
29 Oct 19
2019 Q1
Earnings call transcript
1 Aug 19
2019 Q1
Earnings call transcript
25 Apr 19
2018 Q4
Earnings call transcript
5 Feb 19
2018 Q3
Earnings call transcript
30 Oct 18
Reddit threads
Daily Discussion Thread - March 30th, 2021
30 Mar 21
Daily Discussion Thread - March 29th, 2021
29 Mar 21
What’s everybody buying this week on the dips?
25 Mar 21
Company Earnings for 15 to 19 March 2021
14 Mar 21
Expected Biotech News 15 to 23 March 2021 and PDUFA List 21 March to 28 April 2021
14 Mar 21
Vlad's testimony in a nutshell
19 Feb 21
stocks I like - for the hedge funds buying tech to track this
19 Feb 21
PLTR 440k YOLO - Holding since November and now loaded up on LEAPS 🚀
19 Feb 21
Palantir (PLTR) & What It Does
19 Feb 21
PLTR up 7% premarket. Also, the number of wsb comments on a stock relative to GME comments is apparently an analyst metric. 🍌
19 Feb 21