AvalonBay Communities Inc (N:AVB)
Business Focus: N/A
| Sector: N/A | Industry: N/A |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 4040 Wilson Boulevard, Ste 1000 ARLINGTON VA 22203 |
| Tel: | N/A |
| Website: | https://www.avaloncommunities.com |
| IR: | See website |
| Key People | ||
| Benjamin W. Schall President, Chief Executive Officer, Director | Kevin P. O'Shea Chief Financial Officer | Sean Joseph Breslin Chief Operating Officer |
| Edward M. Schulman Executive Vice President, General Counsel, Secretary | Joanne M. Lockridge Executive Vice President - Capital Markets | Alaine Walsh Executive Vice President - Human Capital and Administration |
| Keri A. Shea Senior Vice President - Finance, Treasurer | Michael Simel Senior Vice President - Capital Markets | Matthew H. Birenbaum Chief Investment Officer |
| Business Overview |
| AvalonBay Communities, Inc. is a real estate investment trust (REIT). The Company develops, redevelops, acquires, owns and operates multifamily apartment communities 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 its expansion markets of Raleigh-Durham and Charlotte, North Carolina, Southeast Florida, Dallas and Austin, Texas, and Denver, Colorado. The Company focuses on metropolitan areas in these regions. The Company's segments include Same Store, Other Stabilized and Development/Redevelopment. The Company owns or holds a direct or indirect ownership interest in approximately 279 operating apartment communities containing over 83,655 apartment homes in 12 states and the District of Columbia and 19 wholly owned apartment communities under development. The Company operates under four core brands, which include Avalon, AVA, eaves by Avalon, and Kanso. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, AvalonBay Communities Inc revenues increased 7% to $2.77B. Net income applicable to common stockholders decreased 18% to $927.2M. Revenues reflect Same Store segment increase of 6% to $2.54B, Other Stablized segment increase of 44% to $134.8M, NAREIT FFO - Per Share - Diluted - Total increase of 7% to $10.32. Net income was offset by Net Operating Income (NOI) Commercial decrease of 6% to $33.9M. |
| Employees: | 3,039 as of Jan 31, 2024 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $33,052M as of Dec 31, 2023 |
| Annual revenue (TTM): | $2,768M as of Dec 31, 2023 |
| EBITDA (TTM): | $1,709M as of Dec 31, 2023 |
| Net annual income (TTM): | $927.16M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$677.64M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $7,604M as of Dec 31, 2023 |
| Shares outstanding: | 142,183,741 as of Mar 18, 2024 |
| Index Membership: | S&P 500 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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