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AvalonBay Communities

AVB

AvalonBay Communities is a leading real estate investment trust (REIT) that focuses on the development, acquisition, and management of high-quality apartment communities in premier U.S. metropolitan areas.

Market cap
$26.83B-7.0%
Revenue$3.1B+4.0%
Net income$1.1B+0.1%
Free cash flow$1.4B-0.4%
EPS (diluted)$8.07+0.5%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 29, 2026 (In 2 weeks)
Revenue estimate$771.7M
EPS estimate$1.23

Financials

Q1 2026

Income statement

See full
Revenue$770.3M+3.3%
Net income$325.7M+37.7%
EPS (diluted)$2.33+40.4%

Balance sheet

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Cash & equivalents$291.1M+32.9%
Total debt$10.3B+18.3%
Total equity$11.5B-3.6%
Total assets$22.1B+4.3%

Cash flow

See full
Operating cash flow$418.9M+0.7%
CapEx$59.5M+22.9%
Free cash flow$359.5M-2.2%

Valuation & ratios

Valuation

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Market cap$26.83B-7.0%
Enterprise value$36.83B-3.2%
P/E23.4×-1.4×
P/S8.8×-0.9×

Profitability

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Net margin37.4%-1.5pp
FCF margin45.7%-2.0pp

Returns & leverage

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Return on equity9.8%+0.1pp
Debt / equity0.9×+0.2×

Segments

By segment

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Same Store$711.4M
Other Stabilized$33.9M+238%
Development/ Redevelopment$18.8M+137%

By product

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Non-lease related revenue$4.0M+11.5%
Management, development and other fees and other ancillary items$1.8M+5.2%

Competitors

Profile

AvalonBay Communities is a leading real estate investment trust (REIT) that focuses on the development, acquisition, and management of high-quality apartment communities in premier U.S. metropolitan areas. The company leverages an integrated platform of in-house development, construction, and operational teams to deliver distinctive residential experiences while maximizing long-term shareholder value. Their strategy emphasizes high-growth markets characterized by strong employment in high-wage sectors and high costs of homeownership.

Competitive position

A leading national owner and developer of multifamily housing with a differentiated multi-brand strategy and a significant internal development pipeline.

GeographiesUnited States, New England, New York/New Jersey, Mid-Atlantic, Pacific Northwest, California, North Carolina, Florida, Texas, Colorado
Customer segmentsResidential tenants, Commercial businesses, Real Estate Developers
Business modelAsset-heavy REIT, Property Management Services, Real Estate Development and Sales
SuppliersLand sellers, Municipalities and zoning boards, Construction material suppliers, Architectural and engineering firms, Capital markets and lenders
CustomersIndividual residential tenants, Commercial retail tenants, Third-party developers (via SIP), Institutional real estate buyers
Listed1994
Employees3.0K
CEOBenjamin W. Schall
FilingsSEC EDGAR

Questions, answered.

What is AvalonBay Communities's market cap?
AvalonBay Communities (AVB) has a market capitalization of $26.8B and trades on NYSE.
What is AvalonBay Communities's revenue and profitability?
AvalonBay Communities generated $3.1B in trailing twelve-month revenue with net income of $1.1B, representing a net margin of 37.4%, with free cash flow of $1.4B. These figures are based on the Q1 2026 filing.
Who are AvalonBay Communities's competitors?
AvalonBay Communities's key competitors include Equity Residential, Camden Property Trust, Essex Property Trust, Inc., and others. These companies compete in similar markets and product categories.
Where is AvalonBay Communities headquartered?
AvalonBay Communities is headquartered in United States of America and employs approximately 3,039 people. It has been publicly traded since 1994.