Overview Dividends

(AVB) AvalonBay Communities - Ratings and Ratios

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

Apartment, Communities, Development, Management, Rental

Multi-Family Residential REITs
Market Cap in USD: 25,988m

IPO / Inception: 1994-03-10
Return 12m vs S&P 500: -26.3%

EPS (Earnings per Share)

EPS CAGR: -41.48%
EPS Trend: -21.2%

Last SUE: -2.70
Qual. Beats: 0

Revenue

Rev. CAGR: 6.63%
Rev. Trend: 97.5%

Last SUE: -0.58
Qual. Beats: 0

Dividends

Dividend Yield	3.78%
Yield on Cost 5y	5.28%
Yield CAGR 5y	2.25%
Payout Consistency	97.9%
Payout Ratio	116.8%

Risk via 5d forecast
Volatility	18.4%
Value at Risk 5%th	30.1%
Relative Tail Risk	-0.60%

Reward TTM
Sharpe Ratio	-0.74
Alpha	-25.19
CAGR/Max DD	0.31

Character TTM
Hurst Exponent	0.307
Beta	0.585
Beta Downside	0.730

Drawdowns 3y
Max DD	24.36%
Mean DD	8.15%
Median DD	7.06%

Description: AVB AvalonBay Communities December 17, 2025

AvalonBay Communities (AVB) is a S&P 500-listed equity REIT focused on the development, acquisition, redevelopment, and management of multifamily apartments across premium U.S. metros. As of September 30 2025 the company controlled 314 communities-totaling 97,219 units-in 11 states and D.C., with 21 projects still under construction, spanning markets from New England and the NY/NJ metro to growth corridors such as Raleigh-Durham, Charlotte, Dallas, Austin, and Denver.

Key performance indicators that shape AVB’s outlook include a FY 2024 occupancy rate of roughly 96 % and an average rent growth of about 4 % year-over-year, driven by tight supply in high-cost cities and robust household formation among millennials and Gen Z. The REIT reported FY 2024 funds-from-operations (FFO) of $5.30 per share, reflecting both stable cash flow and disciplined capital allocation. Sector-wide, the multifamily market remains sensitive to Federal Reserve policy; higher interest rates can pressure cap rates but also limit new construction, preserving AVB’s inventory advantage in constrained markets.

For a deeper, data-driven analysis of AVB’s valuation metrics and scenario modeling, you might find ValueRay’s research platform useful.

Piotroski VR‑10 (Strict, 0-10) 4.5

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 -24.78% (prev -0.56%; Δ -24.22pp) (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 (8.77b) to EBITDA (2.32b) ratio: 3.79 <= 3.0 (WARN <= 3.5)

Current Ratio 0.30 (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 5.70 (EBITDA TTM 2.32b / Interest Expense TTM 249.1m) >= 6 (WARN >= 3)

Altman Z'' 0.38

(A) -0.03 = (Total Current Assets 321.9m - Total Current Liabilities 1.07b) / Total Assets 21.95b

(B) 0.03 = Retained Earnings (Balance) 638.9m / Total Assets 21.95b

(D) 0.07 = Book Value of Equity 666.5m / Total Liabilities 9.79b

Total Rating: 0.38 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 66.93

1. Piotroski 4.50pt

2. FCF Yield 4.44%

3. FCF Margin 51.22%

4. Debt/Equity 0.74

5. Debt/Ebitda 3.79

6. ROIC - WACC (= 0.70)%

7. RoE 9.79%

8. Rev. Trend 97.53%

9. EPS Trend -21.23%

What is the price of AVB shares?

As of December 31, 2025, the stock is trading at USD 185.00 with a total of 623,816 shares traded.
Over the past week, the price has changed by +1.85%, over one month by +2.98%, over three months by -3.55% and over the past year by -12.95%.

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	203.4	9.9%
Analysts Target Price	203.4	9.9%
ValueRay Target Price	184.1	-0.5%

AVB Fundamental Data Overview December 24, 2025

Market Cap USD = 25.99b (25.99b USD * 1.0 USD.USD)
P/E Trailing = 22.2585
P/E Forward = 34.1297
P/S = 8.4772
P/B = 2.1247
P/EG = 6.972
Beta = 0.743
Revenue TTM = 3.01b USD
EBIT TTM = 1.42b USD
EBITDA TTM = 2.32b USD
Long Term Debt = 8.49b USD (from longTermDebt, last quarter)
Short Term Debt = 235.0m USD (from shortTermDebt, last quarter)
Debt = 8.89b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 8.77b USD (from netDebt column, last quarter)
Enterprise Value = 34.76b USD (25.99b + Debt 8.89b - CCE 123.3m)
Interest Coverage Ratio = 5.70 (Ebit TTM 1.42b / Interest Expense TTM 249.1m)
FCF Yield = 4.44% (FCF TTM 1.54b / Enterprise Value 34.76b)
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 = 1.58 (Enterprise Value 34.76b / Total Assets 21.95b)
Interest Expense / Debt = 0.74% (Interest Expense 65.4m / Debt 8.89b)
Taxrate = -0.05% (negative due to tax credits) (-193.0k / 384.0m)
NOPAT = 1.42b (EBIT 1.42b * (1 - -0.05%)) [negative tax rate / tax credits]
Current Ratio = 0.30 (Total Current Assets 321.9m / Total Current Liabilities 1.07b)
Debt / Equity = 0.74 (Debt 8.89b / totalStockholderEquity, last quarter 11.94b)
Debt / EBITDA = 3.79 (Net Debt 8.77b / EBITDA 2.32b)
Debt / FCF = 5.69 (Net Debt 8.77b / 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 = 6.96% (EBIT 1.42b / Capital Employed (Equity 11.94b + L.T.Debt 8.49b))
RoIC = 6.98% (NOPAT 1.42b / Invested Capital 20.38b)
WACC = 6.27% (E(25.99b)/V(34.88b) * Re(8.17%) + D(8.89b)/V(34.88b) * Rd(0.74%) * (1-Tc(-0.00)))
Discount Rate = 8.17% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.46%
[DCF Debug] Terminal Value 78.97% ; FCFE base≈1.49b ; Y1≈1.62b ; Y5≈2.01b
Fair Price DCF = 241.6 (DCF Value 34.21b / Shares Outstanding 141.6m; 5y FCF grow 9.27% → 3.0% )
EPS Correlation: -21.23 | EPS CAGR: -41.48% | SUE: -2.70 | # QB: 0
Revenue Correlation: 97.53 | Revenue CAGR: 6.63% | SUE: -0.58 | # QB: 0
EPS next Quarter (2026-03-31): EPS=1.28 | Chg30d=-0.048 | Revisions Net=-1 | Analysts=1
EPS next Year (2026-12-31): EPS=5.19 | Chg30d=-0.027 | Revisions Net=-2 | Growth EPS=+7.3% | Growth Revenue=+3.5%

Additional Sources for AVB Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle