Company Quick10K Filing
AvalonBay Communities
10-Q 2020-03-31 Filed 2020-05-08
10-K 2019-12-31 Filed 2020-02-21
10-Q 2019-09-30 Filed 2019-11-05
10-Q 2019-06-30 Filed 2019-08-06
10-Q 2019-03-31 Filed 2019-05-03
10-K 2018-12-31 Filed 2019-02-22
10-Q 2018-09-30 Filed 2018-11-02
10-Q 2018-06-30 Filed 2018-08-03
10-Q 2018-03-31 Filed 2018-05-04
10-K 2017-12-31 Filed 2018-02-23
10-Q 2017-09-30 Filed 2017-11-03
10-Q 2017-06-30 Filed 2017-08-04
10-Q 2017-03-31 Filed 2017-05-02
10-K 2016-12-31 Filed 2017-02-24
10-Q 2016-09-30 Filed 2016-11-04
10-Q 2016-06-30 Filed 2016-08-05
10-Q 2016-03-31 Filed 2016-05-03
10-K 2015-12-31 Filed 2016-02-26
10-Q 2015-09-30 Filed 2015-11-03
10-Q 2015-06-30 Filed 2015-08-06
10-Q 2015-03-31 Filed 2015-05-04
10-K 2014-12-31 Filed 2015-02-19
10-Q 2014-09-30 Filed 2014-11-04
10-Q 2014-06-30 Filed 2014-08-08
10-Q 2014-03-31 Filed 2014-05-02
10-K 2013-12-31 Filed 2014-03-03
10-Q 2013-09-30 Filed 2013-11-05
10-Q 2013-06-30 Filed 2013-08-02
10-Q 2013-03-31 Filed 2013-05-10
10-K 2012-12-31 Filed 2013-02-22
10-Q 2012-09-30 Filed 2012-11-02
10-Q 2012-06-30 Filed 2012-08-03
10-Q 2012-03-31 Filed 2012-05-04
10-K 2011-12-31 Filed 2012-02-27
10-Q 2011-09-30 Filed 2011-11-07
10-Q 2011-06-30 Filed 2011-08-01
10-Q 2011-03-31 Filed 2011-05-06
10-K 2010-12-31 Filed 2011-02-23
10-Q 2010-09-30 Filed 2010-11-04
10-Q 2010-06-30 Filed 2010-08-06
10-Q 2010-03-31 Filed 2010-05-05
10-K 2009-12-31 Filed 2010-03-01
8-K 2020-05-22 Other Events, Exhibits
8-K 2020-05-12 Amend Bylaw, Shareholder Vote, Exhibits
8-K 2020-05-06 Earnings, Exhibits
8-K 2020-02-25 Other Events, Exhibits
8-K 2020-02-05 Earnings, Exhibits
8-K 2019-12-16 Officers, Exhibits
8-K 2019-10-28 Earnings, Exhibits
8-K 2019-07-31 Earnings, Exhibits
8-K 2019-07-11 Officers
8-K 2019-06-27 Officers, Exhibits
8-K 2019-05-16 Shareholder Vote
8-K 2019-05-15 Other Events, Exhibits
8-K 2019-05-06 Enter Agreement, Exhibits
8-K 2019-05-06 Amend Bylaw, Exhibits
8-K 2019-04-24 Earnings, Exhibits
8-K 2019-02-28 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-02-13 Officers
8-K 2019-02-04 Earnings, Exhibits
8-K 2019-01-31 Officers
8-K 2018-10-29 Earnings, Exhibits
8-K 2018-07-30 Earnings, Exhibits
8-K 2018-05-29 Other Events, Exhibits
8-K 2018-05-23 Shareholder Vote
8-K 2018-04-25 Earnings, Exhibits
8-K 2018-03-26 Other Events, Exhibits
8-K 2018-02-15 Officers, Exhibits
8-K 2018-01-31 Earnings, Exhibits

AvalonBay Communities Financials

AVB Metrics, Comps, Filings

Quarterly | Annual

Business

AvalonBay Communities, Inc. (the "Company," which term, unless the context otherwise requires, refers to AvalonBay Communities, Inc. together with its subsidiaries), is a Maryland corporation that has elected to be treated as a real estate investment trust ("REIT") for federal income tax purposes. We develop, redevelop, acquire, own and operate multifamily communities primarily in New England, the New York/New Jersey metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California. We focus on leading metropolitan areas in these regions that we believe are characterized by growing employment in high wage sectors of the economy, higher cost of home ownership and a diverse and vibrant quality of life. We believe these market characteristics offer the opportunity for superior risk-adjusted returns over the long-term on apartment community investments relative to other markets that do not have these characteristics. We believe that Denver, Colorado, and Southeast Florida share these characteristics and we began investing in these markets in 2017.

At January 31, 2019, we owned or held a direct or indirect ownership interest in:

-269 operating apartment communities containing 78,365 apartment homes in 12 states and the District of Columbia, of which 254 communities containing 74,706 apartment homes were consolidated for financial reporting purposes and 15 communities containing 3,659 apartment homes were held by unconsolidated entities in which we hold an ownership interest. Nine of the consolidated communities containing 3,648 apartment homes were under redevelopment, as discussed below;


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Public Storage (PSA) 42,781 54% 19.6 15% 11,414 2,625 2,822 1,520 1,726 2,260 44,216
Welltower (WELL) 36,282 36% 22.9 3% 31,864 15,168 5,100 1,831 1,090 2,116 48,408
Equity Residential (EQR) 33,567 0% 25.1 3% 21,054 10,152 2,017 0 708 1,334 33,483
AvalonBay Communities (AVB) 29,966 0% 22.3 5% 19,060 8,242 2,310 0 1,004 1,660 37,054
SBA Communications (SBAC) 28,336 57% 55.8 1% 9,201 12,747 1,985 1,129 137 683 38,108
Digital Realty Trust (DLR) 28,117 0% 26.4 1% 23,173 12,943 3,200 0 304 1,479 39,101
Ventas (VTR) 27,433 25% 18.6 2% 24,804 13,731 3,800 942 490 1,464 27,225
Equity Lifestyle Properties (ELS) 25,670 0% 89.0 7% 4,137 2,818 1,022 0 288 288 25,628
Realty Income (O) 25,137 0% 25.8 2% 17,180 7,862 1,094 0 308 966 24,878
Essex Property Trust (ESS) 22,280 0% 28.7 3% 12,998 6,544 1,085 0 454 977 28,052
Weyerhaeuser (WY) 20,746 13% 49.6 -1% 16,832 8,233 6,649 895 -155 570 28,299
Boston Properties (BXP) 20,149 56% 13.4 3% 21,289 13,286 2,908 1,629 625 1,448 19,344
Alexandria Real Estate Equities (ARE) 17,631 0% 28.6 2% 17,058 8,095 1,432 0 320 837 23,935
Extra Space Storage (EXR) 16,083 57% 21.2 5% 8,318 5,410 1,280 724 440 756 16,016
WP Carey (WPC) 15,339 76% 23.6 3% 14,084 7,119 1,195 909 372 892 21,048
Mid America Apartment (MAA) 14,740 0% 30.2 1% 11,248 4,997 823 0 146 487 14,697
UDR (UDR) 14,158 0% 43.5 2% 8,698 4,354 847 0 184 416 18,094
Sun Communities (SUI) 13,681 70% 35.6 2% 7,398 3,721 1,236 862 156 386 13,749
Annaly Capital Management (NLY) 12,702 -4.0 -4% 128,956 113,732 0 0 -5,627 -2,872 11,400
Host Hotels & Resorts (HST) 12,546 0% 6.6 6% 13,132 5,494 4,135 0 851 1,570 10,331

Balance Sheet ($MM)2009-12-312010-03-312010-06-302010-09-302011-03-312011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash2112073742292922906906172483586642,734447111113282386426440509195104319401170182166215247240181202271350282218195330335
Accounts Receivable
Inventory
PP&E5,9485,9966,1126,2876,4806,5446,5116,5026,5146,6316,8496,84812,65112,56012,3081412,83613,12413,29613,32813,49613,69513,84814,22614,38214,81215,04615,17215,29715,76816,34316,25116,06416,08215,82315,83816,01116,234
Assets7,4587,5087,7057,6747,8827,9438,4898,4828,2418,4128,96911,16015,18714,97215,14515,32815,57015,65815,88116,17716,26416,32016,78216,93117,04317,39517,58917,86717,97817,94418,17818,41518,64618,67118,66218,38018,64018,93319,060
Accounts Payable
Long-Term Debt4,0383,9863,7863,6333,3813,3633,8093,8545,7855,7185,9726,0306,2756,1586,1536,4486,4936,4346,2896,4816,5296,8656,8517,0777,0557,0637,1987,4047,6767,6457,6047,1027,1017,4157,422
Liabilities4,4024,3664,3614,3604,4544,4574,3264,0733,8443,8224,2404,3126,5086,3896,6546,7116,9476,8206,8237,1187,1567,0996,9427,0817,1877,5297,5427,6887,7037,6527,8358,0218,3058,2678,2597,7447,9038,1798,242
Stockholders' Equity3,0503,1363,3353,3043,4173,4754,1494,3954,3834,5794,7176,8378,6558,5608,4708,5968,6038,8229,0459,04610,75010,814
Income Statement ($MM)2009-12-312010-03-312010-06-302010-09-302011-03-312011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue216220228236253251251252259272271312389393394400414431441442457475481508502516518522531550555561569576579566577588
Cost of Revenue
Gross Profit
R&D
SG&A94778681088810111089101111111211101112121013141212141414141913
Tax000000000000011
Net Income73512531494532258157871227536-11252142325241143208172206155238197356242236165238237142255192386170168280
Cash Flow ($MM)2009-12-312010-03-312010-06-302010-09-302011-03-312011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating6910363731338913410511715316681186203255220189232245236256302262278268306292293269355339316309356362276377
Cash Investing-362-144-125-168-17626-166-26-290-141-650-235-31114-224-87-185-320-442-252-292-213-385-328-154-171-235-131-310-289-3193-179-313-277-167
Cash Financing-15146-633734488-233-308194432,044-1,718-287110-100109-63-32144-108-13424332-196145-26828-151-206-63173-233-246-72135-205