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CompareEarnings: May 31, 2026

Avalonbay Communities Inc

Exchange: NYSESector: Real EstateIndustry: REIT - Residential

AvalonBay Communities, Inc., a member of the S&P 500, is an equity REIT that develops, redevelops, acquires and manages apartment communities in leading metropolitan areas in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California, as well as in the Company's expansion regions of Raleigh-Durham and Charlotte, North Carolina, Southeast Florida, Dallas and Austin, Texas, and Denver, Colorado. As of March 31, 2025, the Company owned or held a direct or indirect ownership interest in 309 apartment communities containing 94,865 apartment homes in 11 states and the District of Columbia, of which 19 communities were under development.

Did you know?

AVB's revenue grew at a 4.6% CAGR over the last 6 years.

Current Price

$166.02

+0.68%

GoodMoat Value

$111.74

32.7% overvalued
Profile
Valuation (TTM)
Market Cap$23.51B
P/E22.36
EV$32.26B
P/B2.02
Shares Out141.59M
P/Sales7.73
Revenue$3.04B
EV/EBITDA14.69

Avalonbay Communities Inc (AVB) Company Profile

GoodMoat Analysis

Based on data as of March 26, 2026

AvalonBay is a large, established residential REIT focused on high-quality apartment communities in premium markets. While it benefits from scale and location advantages, its current valuation appears high relative to its modest growth and financial metrics, and it shows a key red flag with negative free cash flow.

Read full analysis
AvalonBay Communities Inc. (AVB) is a Real Estate Investment Trust (REIT) that owns, develops, and manages high-quality apartment communities. Its primary customers are renters in affluent, supply-constrained markets across the United States, such as the Northeast, Mid-Atlantic, and West Coast. The company's business model involves collecting rental income from these properties, aiming for steady cash flow and long-term property value appreciation. Using the GoodMoat framework, its primary competitive advantages (Section 1) likely stem from **Scale Privilege** and **Strategic Partnerships**. Its large portfolio and market concentration in premium locations create operational efficiencies and brand recognition. However, a full moat score would be moderate, as REITs typically lack the high-switching-cost or technology-based moats seen in other sectors. Key risks (Section 5) include **Macro Sensitivity**, as rental demand is cyclical and tied to employment, and a notable **Cash Burn** red flag, indicated by the negative Free Cash Flow Yield of -2.1%. This suggests capital expenditures or development costs are currently exceeding operating cash flow. For a value investor, the high P/E of 22x and modest revenue growth of 3.7% YoY may be unfavourable, especially when compared to the GoodMoat Target price of $111.74, which suggests a significant premium. The dividend yield of 4.28% is a potential positive, but the overall profile requires caution given the valuation and cash flow dynamics. Analysis based on data as of 2024-05-15.

AVB Company Information

AvalonBay Communities, Inc., a member of the S&P 500, is an equity REIT that develops, redevelops, acquires and manages apartment communities in leading metropolitan areas in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California, as well as in the Company's expansion regions of Raleigh-Durham and Charlotte, North Carolina, Southeast Florida, Dallas and Austin, Texas, and Denver, Colorado.

As of March 31, 2025, the Company owned or held a direct or indirect ownership interest in 309 apartment communities containing 94,865 apartment homes in 11 states and the District of Columbia, of which 19 communities were under development.

Sector

Real Estate

Industry

REIT - Residential

Exchange

NYSE

Country

Virginia, USA

AVB Key Officers

Key officers data coming soon

AVB Company Profile

Avalonbay Communities Inc (AVB) is a Real Estate company in the REIT - Residential industry, listed on NYSE. Headquartered in Virginia, USA.

AvalonBay Communities, Inc., a member of the S&P 500, is an equity REIT that develops, redevelops, acquires and manages apartment communities in leading metropolitan areas in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California, as well as in the Company's expansion regions of Raleigh-Durham and Charlotte, North Carolina, Southeast Florida, Dallas and Austin, Texas, and Denver, Colorado. As of March 31, 2025, the Company owned or held a direct or indirect ownership interest in 309 apartment communities containing 94,865 apartment homes in 11 states and the District of Columbia, of which 19 communities were under development.

Market capitalization: $23.51B. Shares outstanding: 141.6M. Dividend yield: 4.22%.

View the complete company profile for Avalonbay Communities Inc on GoodMoat, including key officers, financial metrics, sector classification, and investment analysis tools. Use the profile alongside GoodMoat's DCF calculator, fair value models, and quality score to evaluate whether AVB is a sound investment opportunity.