Overview Dividends

(AVB) AvalonBay Communities - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US0534841012

Apartment Homes, Development, Redevelopment, Property Management

AVB EPS (Earnings per Share)

EPS Growth (3Y CAGR): -7.18%
EPS Trend (3Y Correlation): 14.5%

AVB Revenue

Revenue Growth (3Y CAGR): 4.95%
Revenue Trend (3Y Correlation): 99.6%

Risk via 10d forecast
Volatility	19.5%
Value at Risk 5%th	32.3%
Relative Tail Risk	0.55%

Reward TTM
Sharpe Ratio	-1.14
Alpha	-30.40

Character TTM
Hurst Exponent	0.357
Beta	0.619
Beta Downside	0.757

Drawdowns 3y
Max DD	24.36%
Mean DD	7.47%
Median DD	6.61%

Description: AVB AvalonBay Communities October 14, 2025

AvalonBay Communities, Inc. (AVB) is a S&P 500-listed equity REIT that develops, redevelops, acquires, and manages multifamily apartment assets across 11 states and the District of Columbia. As of June 30 2025 the firm owned or held interests in 315 communities comprising 97,212 apartment homes, with 20 additional projects under construction, concentrated in high-growth metros such as New England, New York/New Jersey, the Mid-Atlantic, the Pacific Northwest, California, and emerging markets like Raleigh-Durham, Charlotte, Southeast Florida, Dallas, Austin, and Denver.

Key operating metrics that investors watch include an occupancy rate that has consistently hovered around 96% in 2024-25, reflecting strong demand in the company’s core markets. Rent growth has outpaced the national average, averaging roughly 4% year-over-year in 2024, driven by limited supply and robust job growth in tech-heavy regions. The REIT’s weighted-average lease-up cost remains below industry peers at about $12,000 per unit, supporting higher net operating income margins. On the macro side, the sector is sensitive to Federal Reserve policy; a 25-basis-point rise in rates typically compresses cap rates by 5-10 bps, which can modestly depress AVB’s valuation multiples.

For a deeper, data-driven view of AVB’s valuation dynamics and scenario analysis, you may find ValueRay’s interactive dashboards worth exploring.

AVB Stock Overview

Market Cap in USD	25,116m
Sub-Industry	Multi-Family Residential REITs
IPO / Inception	1994-03-10
Return 12m vs S&P 500	-29.7%
Analyst Rating	3.63 of 5

AVB Dividends

Dividend Yield	3.91%
Yield on Cost 5y	4.75%
Yield CAGR 5y	1.69%
Payout Consistency	97.9%
Payout Ratio	116.0%

AVB Growth Ratios

CAGR 3y	5.37%
CAGR/Max DD Calmar Ratio	0.22
CAGR/Mean DD Pain Ratio	0.72
Current Volume	836.8k
Average Volume	866.6k

Piotroski VR‑10 (Strict, 0-10) 5.5

Net Income (1.17b TTM) > 0 and > 6% of Revenue (6% = 180.7m TTM)

FCFTA 0.07 (>2.0%) and ΔFCFTA 0.35pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -20.69% (prev -0.56%; Δ -20.13pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.07 (>3.0%) and CFO 1.60b > Net Income 1.17b (YES >=105%, WARN >=100%)

Net Debt (-123.3m) to EBITDA (2.08b) ratio: -0.06 <= 3.0 (WARN <= 3.5)

Current Ratio 0.17 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (143.5m) change vs 12m ago 0.71% (target <= -2.0% for YES)

Gross Margin 65.44% (prev 63.79%; Δ 1.66pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 13.92% (prev 13.51%; Δ 0.42pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 4.77 (EBITDA TTM 2.08b / Interest Expense TTM 249.1m) >= 6 (WARN >= 3)

Altman Z'' 0.27

(A) -0.03 = (Total Current Assets 123.3m - Total Current Liabilities 746.3m) / Total Assets 21.95b

(B) 0.03 = Retained Earnings (Balance) 591.2m / Total Assets 21.95b

(D) 0.00 = Book Value of Equity 27.6m / Total Liabilities 9.79b

Total Rating: 0.27 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 73.38

1. Piotroski 5.50pt = 0.50

2. FCF Yield 4.64% = 2.32

3. FCF Margin 51.22% = 7.50

4. Debt/Equity 0.69 = 2.27

5. Debt/Ebitda -0.06 = 2.50

6. ROIC - WACC (= -0.58)% = -0.72

7. RoE 9.79% = 0.82

8. Rev. Trend 99.62% = 7.47

9. EPS Trend 14.54% = 0.73

What is the price of AVB shares?

As of November 15, 2025, the stock is trading at USD 177.70 with a total of 836,800 shares traded.
Over the past week, the price has changed by +0.18%, over one month by -4.16%, over three months by -5.28% and over the past year by -19.37%.

Is AvalonBay Communities a good stock to buy?

Partly, yes. Based on ValueRay´s Fundamental Analyses, AvalonBay Communities (NYSE:AVB) is currently (November 2025) ok to buy, but has to be watched. It has a ValueRay Fundamental Rating of 73.38 and therefor a somewhat positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of AVB is around 157.66 USD . This means that AVB is currently overvalued and has a potential downside of -11.28%.

Is AVB a buy, sell or hold?

AvalonBay Communities has received a consensus analysts rating of 3.63. Therefor, it is recommend to hold AVB.

Strong Buy: 5
Buy: 5
Hold: 14
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the AVB price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	211.3	18.9%
Analysts Target Price	211.3	18.9%
ValueRay Target Price	172.6	-2.9%

AVB Fundamental Data Overview November 10, 2025

Market Cap USD = 25.12b (25.12b USD * 1.0 USD.USD)
P/E Trailing = 21.6581
P/E Forward = 35.7143
P/S = 8.1927
P/B = 2.2655
P/EG = 6.4907
Beta = 0.748
Revenue TTM = 3.01b USD
EBIT TTM = 1.19b USD
EBITDA TTM = 2.08b USD
Long Term Debt = 8.08b USD (from longTermDebt, last fiscal year)
Short Term Debt = 836.4m USD (from shortTermDebt, last fiscal year)
Debt = 8.25b USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = -123.3m USD (from netDebt column, last quarter)
Enterprise Value = 33.24b USD (25.12b + Debt 8.25b - CCE 123.3m)
Interest Coverage Ratio = 4.77 (Ebit TTM 1.19b / Interest Expense TTM 249.1m)
FCF Yield = 4.64% (FCF TTM 1.54b / Enterprise Value 33.24b)
FCF Margin = 51.22% (FCF TTM 1.54b / Revenue TTM 3.01b)
Net Margin = 38.81% (Net Income TTM 1.17b / Revenue TTM 3.01b)
Gross Margin = 65.44% ((Revenue TTM 3.01b - Cost of Revenue TTM 1.04b) / Revenue TTM)
Gross Margin QoQ = 72.12% (prev 63.57%)
Tobins Q-Ratio = 1.51 (Enterprise Value 33.24b / Total Assets 21.95b)
Interest Expense / Debt = 0.79% (Interest Expense 65.4m / Debt 8.25b)
Taxrate = -0.05% (negative due to tax credits) (-193.0k / 384.0m)
NOPAT = 1.19b (EBIT 1.19b * (1 - -0.05%)) [negative tax rate / tax credits]
Current Ratio = 0.17 (Total Current Assets 123.3m / Total Current Liabilities 746.3m)
Debt / Equity = 0.69 (Debt 8.25b / totalStockholderEquity, last quarter 11.94b)
Debt / EBITDA = -0.06 (Net Debt -123.3m / EBITDA 2.08b)
Debt / FCF = -0.08 (Net Debt -123.3m / FCF TTM 1.54b)
Total Stockholder Equity = 11.94b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.32% (Net Income 1.17b / Total Assets 21.95b)
RoE = 9.79% (Net Income TTM 1.17b / Total Stockholder Equity 11.94b)
RoCE = 5.94% (EBIT 1.19b / Capital Employed (Equity 11.94b + L.T.Debt 8.08b))
RoIC = 5.87% (NOPAT 1.19b / Invested Capital 20.28b)
WACC = 6.44% (E(25.12b)/V(33.37b) * Re(8.30%) + D(8.25b)/V(33.37b) * Rd(0.79%) * (1-Tc(-0.00)))
Discount Rate = 8.30% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.46%
[DCF Debug] Terminal Value 78.52% ; FCFE base≈1.49b ; Y1≈1.62b ; Y5≈2.01b
Fair Price DCF = 235.6 (DCF Value 33.36b / Shares Outstanding 141.6m; 5y FCF grow 9.27% → 3.0% )
EPS Correlation: 14.54 | EPS CAGR: -7.18% | SUE: -0.55 | # QB: 0
Revenue Correlation: 99.62 | Revenue CAGR: 4.95% | SUE: -0.58 | # QB: 0

Additional Sources for AVB Stock

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Fund Manager Positions: Dataroma | Stockcircle