AvalonBay Communities, Inc., a member of the S&P 500, is an equity REIT in the business of developing, redeveloping, acquiring and managing 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 September 30, 2024, the Company owned or held a direct or indirect ownership interest in 305 apartment communities containing 92,908 apartment homes in 12 states and the District of Columbia, of which 19 communities were under development.
Coastal REIT Surge | AvalonBay Communities leads multifamily sector with strong lease spreads and occupancy rates, capitalizing on resurgent coastal markets |
Strategic Development | Explore AVB's plans to accelerate development activities, leveraging improving debt costs and a robust balance sheet for accretive growth |
Financial Resilience | Delve into AVB's solid financial foundation, with a 3.05 health score, moderate debt, and consistent dividend payments spanning 31 years |
Market Outlook | Analyst projections paint a promising future for AVB, with price targets ranging from $233 to $249, reflecting confidence in its growth potential |
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 | 30.0x | 31.5x | 7.7x | |
PEG Ratio | 2.65 | 0.14 | 0.01 | |
Price/Book | 2.6x | 1.9x | 0.9x | |
Price / LTM Sales | 10.7x | 7.5x | 3.8x | |
Upside (Analyst Target) | 10.0% | 17.6% | 20.0% | |
Fair Value Upside | Unlock | −11.6% | 1.3% | Unlock |