NYSE: AVB
AvalonBay Communities, Inc.
Real Estate · REIT - Residential
Market Cap
$25.53B
52w High
$209.86
52w Low
$160.10
P/E
22.48
Volume
872.48K
Outstanding Shares
139.11M
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock fell 8.96% over the last year. Revenue grew 3.95% over the trailing twelve months. Operating margin moved from 31.58% to 29.15%. Free cash flow grew 7.15% over the trailing twelve months.
What the market seems to be pricing
The stock has moved lower with no clear directional signal from operating metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 29.15%. A decisive move in revenue — currently up 3.95% — would be the clearest signal to resolve the ambiguity.
Company profile
As of December 31, 2020, the Company owned or held a direct or indirect ownership interest in 291 apartment communities containing 86,025 apartment homes in 11 states and the District of Columbia, of which 18 communities were under development and one community was under redevelopment.
Valuation
Stock splits
Every 9 shares became 8
Profitability & growth
Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.
Analyst consensus
18
Buy
23
Hold
1
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jul 29, 2026
Q3 FY26 · EPS est $1.21 · Revenue est $773.2M
View
Dividends
$7.03/shareQuarterlyDividend Achiever · 16yrAdequateAVB pays a dividend with a 3.83% dividend yield, 16 consecutive years of growth, growing at 2.02% annually, covered 1.4× by free cash flow.
Dividend Yield
3.83%
Annual Div / Share
$7.03
5yr CAGR
+2.02%
Doubles every ~34.6yr
FCF Coverage
1.4×
Adequate
Dividend Growth Rate
3yr CAGR
+3.07%
5yr CAGR
+2.02%
10yr CAGR
+3.26%
Dividend History
Annualized dividend cycles per share
Income Projection
Today
$3/mo
In 5 yrs
$4/mo
In 10 yrs
$4/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$38/yr $3/mo | $42/yr+11% $4/mo | $47/yr+22% $4/mo |
Yield-on-cost grows from 3.83% → 4.68% over 10yr
Analysis
Dividend Strengths
Dividend Achiever
AVB has raised its dividend for 16 consecutive years — qualifying as a Dividend Achiever, demonstrating long-term commitment to shareholder income.
Risks to Watch
No strong risk signal stands out from the latest period pair.