Last $133.64 USD
Change Today -1.56 / -1.15%
Volume 1.2M
AVB On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

avalonbay communities inc (AVB) Snapshot

Open
$134.63
Previous Close
$135.20
Day High
$134.89
Day Low
$132.96
52 Week High
05/21/13 - $141.95
52 Week Low
01/30/14 - $114.16
Market Cap
17.3B
Average Volume 10 Days
891.7K
EPS TTM
$2.54
Shares Outstanding
129.6M
EX-Date
03/27/14
P/E TM
52.6x
Dividend
$4.64
Dividend Yield
3.27%
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 Financial Officer and Executive Vice Pr...
Total Annual Compensation: $520.2K
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
Compensation as of Fiscal Year 2013.

avalonbay communities inc (AVB) Key Developments

AvalonBay Communities Inc. Enters into $300 Million Variable Rate Unsecured Term Loan with Wells Fargo Bank and National Association

AvalonBay Communities Inc. entered into a $300 million variable rate unsecured term loan with Wells Fargo Bank, National Association, as Administrative Agent and a bank, PNC Bank, National Association, as Syndication Agent and a bank, and a syndicate of other financial institutions, serving as banks. The company may request an increase of the total loan amount by an additional $200 million to an aggregate principal amount of $500 million; no bank is required to provide any such additional financing, nor may any bank prevent another bank from funding an increase within that limit. The term loan matures in 2021. The company paid customary arrangement and upfront fees to the lenders in connection with the closing of the term loan. The company initially borrowed $250 million of the term loan and may borrow the remaining amount during the next 12 months.

Avalonbay Communities Inc. Presents at Citi 2014 Global Property CEO Conference, Mar-03-2014 08:10 AM

Avalonbay Communities Inc. Presents at Citi 2014 Global Property CEO Conference, Mar-03-2014 08:10 AM. Venue: The Westin Diplomat, 3555 South Ocean Drive, Hollywood, FL 33019, United States. Speakers: Thomas J. Sargeant, Chief Financial Officer and Executive Vice President, Timothy J. Naughton, Chairman, Chief Executive Officer, President and Member of Investment & Finance Committee.

Avalonbay Communities Inc. Declares Dividend for the First Quarter of 2014, Payable on April 15, 2014; Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Provides Earnings Guidance for the First Quarter and Full Year of 2014

Avalonbay Communities Inc. Board of Directors declared a dividend for the first quarter of 2014 of $1.16 per share on the company's common stock (par value of $0.01 per share). The declared dividend is an 8.4% increase over the Company's prior quarterly dividend of $1.07 per share. The dividend is payable on April 15, 2014 to common stockholders of record as of March 31, 2014. The company reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported net income attributable to common stockholders was $252,212,000 or $1.95 per diluted share compared to $122,356,000 or $1.19 per diluted share for the same period last year. FFO attributable to common stockholders was $195,344,000 or $1.51 per diluted share compared to $130,636,000 or $1.27 per diluted share for the same period last year. FFO per share, as adjusted for non-routine items was $1.62 per diluted share compared to $1.38 per diluted share for the same period last year. NOI from continuing operations was $266,513,000 compared to $180,007,000 for the same period last year. EBITDA was $401,993,000. EBITDA from continuing operations was $237,767,000. Total revenue increased by $124,231,000, or 45.0%, to $400,002,000. This increase is primarily attributed to the Archstone acquisition in the first quarter of 2013, new developments as well as growth in Established Community revenue. For the year, the company reported net income attributable to common stockholders was $353,141,000 or $2.78 per diluted share compared to $423,869,000 or $4.32 per diluted share for the same period last year. FFO attributable to common stockholders was $642,814,000 or $5.05 per diluted share compared to $521,047,000 or $5.32 per diluted share for the same period last year. FFO per share, as adjusted for non-routine items was $6.23 per diluted share compared to $5.43 per diluted share for the same period last year. NOI from continuing operations was $997,446,000 compared to $681,704,000 for the same period last year. Total revenue increased by $441,762,000, or 41.5%, to $1,505,795,000. This increase is primarily attributed to the Archstone acquisition in the first quarter of 2013, new developments as well as growth in Established Community revenue. Projected EPS is expected to be within a range of $4.31 to $4.61 for the full year 2014. The Company expects 2014 Projected FFO per share to be in the range of $6.60 to $6.90. Projected depreciation (real estate related) per share for the full year 2014 within a range of $3.31 to $3.61. Projected gain on sale of operating communities per share for the full year 2014 within a range of $(1.02) to $(1.32). The company expects to see stabilization in the revenue growth in 2014. For the first quarter of 2014, the Company expects projected earnings per share, diluted within a range of $0.97 to $1.01. The Company expects Projected FFO per share in the first quarter of 2014 within a range of $1.60 to $1.64. Projected depreciation (real estate related) per share in the first quarter of 2014 within a range of $0.81 to $0.85. Projected gain on sale of operating communities per share in the first quarter of 2014 within a range of $(0.18) to $(0.22).

 

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Industry Analysis

AVB

Industry Average

Valuation AVB Industry Range
Price/Earnings 100.0x
Price/Sales 11.9x
Price/Book 2.0x
Price/Cash Flow 19.0x
TEV/Sales 7.5x
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