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 December 31, 2024, the Company owned or held a direct or indirect ownership interest in 306 apartment communities containing 93,518 apartment homes in 12 states and the District of Columbia, of which 17 communities were under development.
Coastal REIT Outlook | AvalonBay Communities navigates a complex market, leveraging its strong presence in high-demand coastal areas while facing industry-wide challenges |
Financial Performance | Mixed results with Q1 2025 outperforming expectations, but conservative guidance suggests potential headwinds. Analyst price targets range from $220 to $255 |
Strategic Growth | Explore AvalonBay's plans to ramp up development activities and expand its mezzanine loan book, potentially driving future earnings and diversifying revenue streams |
Market Dynamics | Delve into the impact of national vacancy trends on AvalonBay's performance, balanced against the company's focus on supply-constrained coastal markets |
Metrics to compare | AVB | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipAVBPeersSector | |
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P/E Ratio | 25.4x | −8.4x | 9.1x | |
PEG Ratio | 1.28 | 0.23 | 0.01 | |
Price/Book | 2.4x | 1.6x | 0.9x | |
Price / LTM Sales | 9.7x | 4.0x | 3.9x | |
Upside (Analyst Target) | 14.5% | 16.9% | 12.7% | |
Fair Value Upside | Unlock | 1.1% | 0.7% | Unlock |