The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas primarily in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California, as well as in the Company's expansion markets consisting of Southeast Florida and Denver, Colorado.
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
Subsidiaries
San Francisco Bay Partners II, Ltd. • Bronxville West, LLC • Smithtown Galleria Associates Limited Partnership • Town Close Associates Limited Partnership • 650 North Sherman, LLC • 1865 Broadway For-Sale, LLC • 1865 Broadway Retail, LLC • 4100 Massachusetts Avenue Solar, LLC • Acton Solar Avalon, LLC • Alameda Financing, L.P. ...
IRS number
770404318
AVB stock data
News
Truist Securities Maintains Hold on AvalonBay Communities, Lowers Price Target to $224
24 Jun 22
Expert Ratings for AvalonBay Communities
23 Jun 22
Benzinga's Top Ratings Upgrades, Downgrades For June 23, 2022
23 Jun 22
Credit Suisse Initiates Coverage On AvalonBay Communities with Neutral Rating, Announces Price Target of $208
23 Jun 22
Stocks That Hit 52-Week Lows On Tuesday
14 Jun 22
Press releases
AvalonBay Communities, Inc. Provides Second Quarter 2022 Operating Update
3 Jun 22
AvalonBay Communities, Inc. Declares Second Quarter 2022 Dividends
19 May 22
AvalonBay Communities, Inc. Announces First Quarter 2022 Operating Results and Second Quarter and Full Year 2022 Financial Outlook
27 Apr 22
AvalonBay Communities Announces First Quarter 2022 Earnings Release Date
8 Apr 22
AvalonBay Communities Prices Public Offering of 2,000,000 Shares of Common Stock
6 Apr 22
Analyst ratings and price targets
Current price
Average target
$231.80
Low target
$208.00
High target
$264.00
Truist Securities
Maintains
$224.00
Credit Suisse
Initiated
$208.00
Morgan Stanley
Maintains
$225.00
Scotiabank
Maintains
$238.00
RBC Capital
Maintains
$264.00
Investment data
Securities sold
Number of investors
Calendar
4 May 22
26 Jun 22
31 Dec 22
Financial summary
| Quarter (USD) | Mar 22 | Dec 21 | Sep 21 | Jun 21 | |
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| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
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| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 457.41M | 457.41M | 457.41M | 457.41M | 457.41M | 457.41M |
| Cash burn (monthly) | 28.79M | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 82.66M | n/a | n/a | n/a | n/a | n/a |
| Cash remaining | 374.75M | n/a | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 13.0 | n/a | n/a | n/a | n/a | n/a |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 26 May 22 | Aeppel Glyn | Common Stock, par value $.01 per share | Grant | Acquire A | No | No | 0 | 852 | 0 | 9,771.431 |
| 26 May 22 | Terry S. Brown | Common Stock, par value $.01 per share | Grant | Acquire A | No | No | 0 | 852 | 0 | 11,555.858 |
| 26 May 22 | Buckelew Alan | Common Stock, par value $.01 per share | Grant | Acquire A | No | No | 0 | 852 | 0 | 9,994 |
| 26 May 22 | Havner Ronald L JR | Common Stock, par value $.01 per share | Grant | Acquire A | No | No | 0 | 852 | 0 | 12,221.67 |
| 26 May 22 | Hills Stephen P. | Common Stock, par value $.01 per share | Grant | Acquire A | No | No | 0 | 852 | 0 | 5,217.975 |
Institutional ownership, Q1 2022
86.8% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 630 |
| Opened positions | 64 |
| Closed positions | 68 |
| Increased positions | 243 |
| Reduced positions | 198 |
| 13F shares | Current |
|---|---|
| Total value | 30.14B |
| Total shares | 121.38M |
| Total puts | 283.8K |
| Total calls | 615.07K |
| Total put/call ratio | 0.5 |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 22.76M | $5.65B |
| BLK Blackrock | 14.59M | $3.62B |
| STT State Street | 9.69M | $2.42B |
| PFG Principal Financial Group Inc - Registered Shares | 4.81M | $1.2B |
| JPM JPMorgan Chase & Co. | 4.11M | $1.02B |
| TROW T. Rowe Price | 3.71M | $920.54M |
| IVZ Invesco | 3.36M | $834.95M |
| Geode Capital Management | 2.97M | $737M |
| AMP Ameriprise Financial | 2.39M | $585.98M |
| NTRS Northern Trust | 2.28M | $566.13M |
Financial report summary
?Management Discussion
- •Net income attributable to common stockholders for the three months ended March 31, 2022 was $262,044,000, an increase of $119,821,000, or 84.2%, as compared to the prior year period. The increase is primarily due to increases in real estate sales and related gains and NOI from communities, over the prior year period.
- •Same Store NOI attributable to our apartment rental operations, including parking and other ancillary residential revenue ("Residential"), for the three months ended March 31, 2022 was $371,119,000, an increase of $34,684,000, or 10.3%, over the prior year period. The increase over the prior year period was due to an increase in Residential rental revenues of $42,320,000, or 8.5%, partially offset by an increase in Residential property operating expenses of $7,649,000, or 4.7%.
Content analysis
?| Positive | ||
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| Legalese | ||
| Litigous | ||
| Readability |
H.S. junior Avg
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New words:
backstopped, bad, borne, branded, Codification, commitment, daily, demolished, densification, focused, foreclosure, formation, housing, Lafayette, older, ongoing, paper, post, recognition, Redmond, underwritten
Removed:
advance, amortized, announced, Arundel, awarded, bond, Bruno, ceased, cliff, closing, collateral, compare, comprising, CPI, Crossing, declined, delayed, East, emergency, encourage, end, enhance, examined, execution, expose, index, inflationary, job, June, leave, light, Linthicum, low, MD, minimize, monitor, mutual, nationally, noted, offsetting, permit, presence, prevent, referenced, relevant, relieve, remain, remotely, rest, September, side, spread, support, uncertain, vest, voluntary, voted
Financial reports
Current reports
8-K
Submission of Matters to a Vote of Security Holders
20 May 22
8-K
Avalonbay Communities, Inc. Announces First Quarter 2022 Operating Results and Second Quarter and Full Year 2022 Financial Outlook
28 Apr 22
8-K
Other Events
11 Apr 22
8-K
Avalonbay Communities Announces Copyright © 2022 AvalonBay Communities, Inc. All Rights Reserved
15 Mar 22
8-K
Avalonbay Communities, Inc. Announces 2021 Operating Results
3 Feb 22
8-K
Departure of Directors or Certain Officers
16 Dec 21
8-K
Departure of Directors or Certain Officers
22 Nov 21
8-K
Other Events
18 Nov 21
8-K
Avalonbay Communities, Inc. Announces Third Quarter 2021 Operating Results and Fourth Quarter 2021 Financial Outlook
28 Oct 21
8-K
Other Events
15 Sep 21
Registration and prospectus
424B5
Prospectus supplement for primary offering
8 Apr 22
424B5
Prospectus supplement for primary offering
6 Apr 22
424B5
Prospectus supplement for primary offering
9 Nov 21
FWP
Free writing prospectus
8 Nov 21
424B5
Prospectus supplement for primary offering
8 Nov 21
424B5
Prospectus supplement for primary offering
9 Sep 21
FWP
Free writing prospectus
8 Sep 21
424B5
Prospectus supplement for primary offering
8 Sep 21
424B2
Prospectus for primary offering
25 Feb 21
424B2
Prospectus for primary offering
25 Feb 21
Proxies
DEFA14A
Additional proxy soliciting materials
7 Apr 22
DEFA14A
Additional proxy soliciting materials
7 Apr 21
DEFA14A
Additional proxy soliciting materials
23 Apr 20
DEFA14A
Additional proxy soliciting materials
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
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
4
AVALONBAY COMMUNITIES / W EDWARD WALTER ownership change
31 May 22
4
AVALONBAY COMMUNITIES / Susan Swanezy ownership change
31 May 22
4
AVALONBAY COMMUNITIES / Nnenna Lynch ownership change
31 May 22
4
AVALONBAY COMMUNITIES / Richard J Lieb ownership change
31 May 22
4
AVALONBAY COMMUNITIES / Christopher B. Howard ownership change
31 May 22
4
AVALONBAY COMMUNITIES / Stephen P. Hills ownership change
31 May 22
4
AVALONBAY COMMUNITIES / RONALD L HAVNER JR ownership change
31 May 22
4
AVALONBAY COMMUNITIES / ALAN BUCKELEW ownership change
31 May 22
4
AVALONBAY COMMUNITIES / Terry S. Brown ownership change
31 May 22
4
AVALONBAY COMMUNITIES / Glyn Aeppel ownership change
31 May 22
Transcripts
2022 Q1
Earnings call transcript
28 Apr 22
2021 Q4
Earnings call transcript
3 Feb 22
2021 Q3
Earnings call transcript
29 Oct 21
2021 Q2
Earnings call transcript
30 Jul 21
2021 Q1
Earnings call transcript
30 Apr 21
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
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