Last $143.80 USD
Change Today +0.29 / 0.20%
Volume 624.0K
AVB On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 07/10/14 All times are local (Market data is delayed by at least 15 minutes).

avalonbay communities inc (AVB) Snapshot

Open
$142.84
Previous Close
$143.51
Day High
$144.82
Day Low
$142.68
52 Week High
07/10/14 - $144.82
52 Week Low
01/30/14 - $114.16
Market Cap
18.6B
Average Volume 10 Days
487.8K
EPS TTM
$2.10
Shares Outstanding
129.6M
EX-Date
06/26/14
P/E TM
68.5x
Dividend
$4.64
Dividend Yield
3.10%
Current Stock Chart for AVALONBAY COMMUNITIES INC (AVB)

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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. Declares Quarterly Dividend, Payable on July 15, 2014

AvalonBay Communities Inc. announced that its board of directors declared a cash dividend on the company's common stock (par value $0.01 per share) for the second quarter of 2014. The common stock dividend is $1.16 per share and is payable July 15, 2014 to all common stockholders of record as of June 30, 2014.

Avalonbay Communities Inc. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Second Quarter of 2014

Avalonbay Communities Inc. reported consolidated earnings results for the first quarter ended March 31, 2014. Net income attributable to common stockholders for the quarter ended March 31, 2014 of $141,739,000 against $75,427,000 a year ago. This resulted in earnings per share - diluted of $1.09 for the quarter ended March 31, 2014, compared to EPS of $0.63 for the comparable period of 2013, an increase of 73.0%. The increase in EPS for the quarter ended March 31, 2014 over the prior year period 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. For the company, including discontinued operations, total revenue increased by $85,295,000, or 27.0%, to $400,654,000. This increase is primarily attributed to communities acquired as part of the Archstone acquisition, new developments and growth in Established Community revenue. NOI from continuing operations was $268,845,000 against $207,683,000 a year ago. Net debt was $5,798,325,000. EBITDA was $290,639,000. EBITDA from continuing operations was $252,460,000. EBITDA from continuing operations, annualized was $1,009,840,000. FFO attributable to common stockholders was $212,845,000 against $93,536,000 a year ago. FFO per common share – diluted was $1.64 against $0.78 a year ago For the second quarter of 2014, the company expects EPS in the range of $1.46 to $1.50 and expects projected FFO per share in the range of $1.62 to $1.66, including $0.02 of costs for non-routine items. Projected depreciation (real estate related) to be 0.84 to 0.88. .

Avalonbay Communities Inc. Presents at REITWeek: NAREIT's Investor Forum, Jun-04-2014 11:45 AM

Avalonbay Communities Inc. Presents at REITWeek: NAREIT's Investor Forum, Jun-04-2014 11:45 AM. Venue: Waldorf Astoria New York, 301 Park Avenue, New York, NY 10022, United States. Speakers: Timothy J. Naughton, Chairman, Chief Executive Officer, President and Member of Investment & Finance Committee.

 

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AVB Competitors

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Company Last Change
Apartment Investment & Management Co $33.05 USD +0.16
Camden Property Trust $71.65 USD +0.18
Essex Property Trust Inc $187.46 USD +0.87
Realty Income Corp $45.14 USD +0.32
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Industry Analysis

AVB

Industry Average

Valuation AVB Industry Range
Price/Earnings 100.0x
Price/Sales 11.8x
Price/Book 2.2x
Price/Cash Flow 19.0x
TEV/Sales 7.5x
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