Last $150.98 USD
Change Today +1.34 / 0.90%
Volume 844.6K
AVB On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 4:15 PM 07/30/14 All times are local (Market data is delayed by at least 15 minutes).

avalonbay communities inc (AVB) Snapshot

Open
$149.64
Previous Close
$149.64
Day High
$151.40
Day Low
$149.64
52 Week High
07/30/14 - $151.40
52 Week Low
01/30/14 - $114.16
Market Cap
19.6B
Average Volume 10 Days
750.0K
EPS TTM
$3.28
Shares Outstanding
129.6M
EX-Date
06/26/14
P/E TM
46.0x
Dividend
$4.64
Dividend Yield
2.95%
Current Stock Chart for AVALONBAY COMMUNITIES INC (AVB)

avalonbay communities inc (AVB) Related Businessweek News

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avalonbay communities inc (AVB) Details

AvalonBay Communities, Inc. engages in the development, redevelopment, acquisition, ownership, and operation of multifamily communities in the United States. As of January 31, 2009, the company owned or held a direct or indirect ownership interest in 164 operating apartment communities comprising 45,728 apartment homes in 10 states and the District of Columbia. It also held a direct or indirect ownership interest in 14 communities under construction, as well as held rights to develop an additional 27 communities. The company’s markets are located in New England, the New York/New Jersey metro area, the Mid-Atlantic, the Midwest, the Pacific Northwest, and the Northern and Southern California regions of the United States. AvalonBay Communities has elected to be taxed as a real estate investment trust and would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 1978 and is based in Arlington, Virginia.

2,900 Employees
Last Reported Date: 03/3/14
Founded in 1978

avalonbay communities inc (AVB) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $921.2K
Chief Administrative Officer, Executive Vice ...
Total Annual Compensation: $420.2K
Executive Vice President of Development & Con...
Total Annual Compensation: $410.2K
Executive Vice President of Corporate Strateg...
Total Annual Compensation: $395.2K
Executive Vice President of Investments & Ass...
Total Annual Compensation: $418.3K
Compensation as of Fiscal Year 2013.

avalonbay communities inc (AVB) Key Developments

Avalonbay Communities Inc. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter of 2014 and Full Year 2014

AvalonBay Communities Inc. reported consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported earnings per share diluted of $1.21 for the three months ended June 30, 2014, compared to EPS of $0.28 for the comparable period of 2013, an increase of 332.1%. Funds from operations attributable to common stockholders - diluted per share increased 10.3% to $1.71 from $1.55 for the comparable period of 2013. Net income attributable to common stockholders was $158,086,000 compared to $36,218,000 a year ago. FFO attributable to common stockholders was $222,486,000 compared to $200,574,000 a year ago. Core FFO was $221,241,000 compared to $209,408,000 a year ago. Net operating income was $281,758,000 compared to $264,236,000 a year ago. For the six months ended June 30, 2014, EPS was $2.31 compared to EPS of $0.89 for the comparable period of 2013, an increase of 159.6%. The increase in EPS for the three and six months ended June 30, 2014 over the respective prior year periods is due primarily to an increase in net operating income from newly developed and acquired communities, including those acquired as part of the Archstone acquisition. FFO per share increased 41.9% to $3.35 from $2.36 for the comparable period of 2013. Net income attributable to common stockholders was $299,825,000 compared to $111,648,000 a year ago. FFO attributable to common stockholders was $435,330,000 compared to $294,113,000 a year ago. Core FFO was $431,992,000 compared to $372,827,000 a year ago. Net operating income was $548,319,000 compared to $464,786,000 a year ago. Net debt as at June 30, 2014 was $5,638,383,000. EBITDA, as adjusted was $255,650,000. For the third quarter of 2014, the company expects EPS in the range of $1.85 to $1.93 and expects projected FFO per share in the range of $2.11 to $2.19. The company expects projected core FFO per share for the third quarter of 2014 to be in the range of $1.69 to $1.75, and $6.73 to $6.87 for the full year 2014. For the full year 2014, the company expects EPS in the range of $5.60 to $5.76 and expects projected FFO per share in the range of $7.18 to $7.34. EPS and Projected FFO per share for the third quarter and full year 2014 are expected to be impacted by non-routine items, which include the company's recognition of its promoted interest from the expected sale of Avalon Chrystie Place. Core FFO growth is projected to increase by 40 basis points over original outlook from 8.7% to 9.1%, and same-store revenue and NOI growth are largely in line with original outlook with some minor adjustments.

Avalonbay Communities Inc. to Report Q2, 2014 Results on Jul 23, 2014

Avalonbay Communities Inc. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Jul 23, 2014

Avalonbay Communities Inc., Q2 2014 Earnings Call, Jul 24, 2014

Avalonbay Communities Inc., Q2 2014 Earnings Call, Jul 24, 2014

 

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Industry Analysis

AVB

Industry Average

Valuation AVB Industry Range
Price/Earnings 58.2x
Price/Sales 12.0x
Price/Book 2.2x
Price/Cash Flow 19.2x
TEV/Sales 8.0x
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