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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

(
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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

5 May 21
13 Jun 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 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.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 229.73M 229.73M 229.73M 229.73M 229.73M 229.73M
Cash burn (monthly) 27.93M 53.22M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 68.61M 130.72M n/a n/a n/a n/a
Cash remaining 161.12M 99.01M n/a n/a n/a n/a
Runway (months of cash) 5.8 1.9 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
3 Jun 21 Keri A Shea Common Stock, par value $.01 per share Sell Dispose S No No 212.9414 994 211.66K 4,239
2 Jun 21 Sean J. Breslin Common Stock, par value $.01 per share Sell Dispose S No No 212.03 1,500 318.05K 44,747.805
27 May 21 Aeppel Glyn Common Stock, par value $.01 per share Grant Aquire A No No 0 833 0 8,683.567
27 May 21 Buckelew Alan Common Stock, par value $.01 per share Grant Aquire A No No 0 833 0 9,142
27 May 21 Terry S. Brown Common Stock, par value $.01 per share Grant Aquire A No No 0 833 0 9,959.865

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

86.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 554 540 +2.6%
Opened positions 77 77
Closed positions 63 53 +18.9%
Increased positions 194 162 +19.8%
Reduced positions 185 221 -16.3%
13F shares
Current Prev Q Change
Total value 22.31B 20.3B +9.9%
Total shares 120.82M 126.55M -4.5%
Total puts 345.8K 352.5K -1.9%
Total calls 709.11K 775.61K -8.6%
Total put/call ratio 0.5 0.5 +7.3%
Largest owners
Shares Value Change
Vanguard 22.1M $4.08B +1.1%
BLK Blackrock 13.87M $2.56B -3.1%
STT State Street 8.3M $1.54B +0.9%
PFG Principal Financial Group Inc - Registered Shares 4.97M $916.14M +1.3%
JPM JPMorgan Chase & Co. 4.52M $834.32M -25.9%
TROW T. Rowe Price 3.28M $605.65M -1.2%
PGGM Investments 3.04M $561.37M +24.3%
Geode Capital Management 2.81M $517.52M +0.3%
IVZ Invesco 2.79M $513.94M +1.1%
NTRS Northern Trust 2.49M $458.75M -6.9%
Largest transactions
Shares Bought/sold Change
Norges Bank 0 -3.73M EXIT
JPM JPMorgan Chase & Co. 4.52M -1.58M -25.9%
Long Pond Capital 425.89K -1.3M -75.4%
Viking Global Investors 0 -1.21M EXIT
Centersquare Investment Management 1.51M +1.08M +249.1%
Nuveen Asset Management 2.21M +845.27K +61.9%
D1 Capital Partners 0 -621.2K EXIT
Ubs Global Asset Management Americas 1.97M +619.57K +46.0%
PGGM Investments 3.04M +594.17K +24.3%
BLK Blackrock 13.87M -445.4K -3.1%

Financial report summary

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Management Discussion
  • •Net income attributable to common stockholders for the three months ended March 31, 2021 was $142,223,000, a decrease of $25,748,000, or 15.3%, as compared to the prior year period. The decrease is primarily due to a decrease in NOI from Established Communities, partially offset by an increase in net gains of real estate dispositions in the current year period, a loss on extinguishment of debt in the prior year period and an increase in NOI from Development Communities in the current year period.
  • •Established Communities NOI attributable to our apartment rental operations, including parking and other ancillary residential revenue ("Residential"), for the three months ended March 31, 2021 was $335,617,000, a decrease of $54,543,000, or 14.0%, from the prior year period. The decrease was due to a decrease in Residential rental revenues of $49,473,000, or 9.1%, from the prior year period, of which $12,428,000 of the decline was due to an increase in Residential uncollectible lease revenue, as well as an increase in Residential property operating expenses of $4,973,000, or 3.2%, from the prior year period.
Content analysis
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Readability
H.S. junior Avg
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