Added to YB: 2026-08-10
Pitch date: 2026-08-04
AVB [neutral]
AvalonBay Communities, Inc.
-1.83%
current return
Author Info
No bio for this author
Company Info
AvalonBay Communities, Inc., a member of S&P 500, is an equity REIT. The firm develops, redevelops, acquires and manages apartment communities in leading metropolitan areas in Boston, Massachusetts, the New York/New Jersey Metro area, the Mid-Atlantic, Seattle, Washington, 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.
Market Cap
$26.6B
Pitch Price
$190.02
Price Target
N/A
Dividend
3.82%
EV/EBITDA
19.17
P/E
25.59
EV/Sales
11.64
Sector
Residential REITs
Category
special_situation
Listed REITs: The Return of Growth Isn’t Lifting Everyone - AvalonBay: Solid Quarter, but the Equity Residential Deal Changes the Story
AVB (overview): Q2 Core FFO/share $2.86 (+1.4% YoY); H1 $5.69 (+0.7%). Same store residential rev +1.6%, but opex +2.9% capped NOI growth at 1%. Raised FY same store NOI guide to 0-1.4%. Real story: proposed Equity Residential merger—180k+ units, ~$53B mkt cap, ~$71B EV. Scale upside but integration risk; now a merger story more than real estate.
Read full article (1 min)