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AVB · Avalonbay Communities Inc

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$184.06 +0.15 (+0.08%) At close · Aug 14
Market Cap
$26.28B
Shares
142.80M

Price & Indicators

20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$184.06 Open$184.55 Day$182.74–185.62 52W close$160.81–196.83 Avg vol 30d929K Short int3.8M · 2.6% float · 5.1d Short vol27% Last earningsJul 23, 2026 DataJan 2020–Aug 2026 Filing10-Q · Jul 30

Up next

Next earnings call
Oct 20, 2026 Est · unconfirmed · in 9 wks
FQ3-26 quarter ends
~Sep 30, 2026 Est
filed Jul 30, 2026

AI Brief

TL;DR.

Bullish
    Bearish

      AI-generated from the earnings call and 8-K · may contain errors · not investment advice

      Ask ALVIS about this →

      Equibles Rating

      blended score · not investment advice
      Overall
      Neutral
      SellHoldBuy
      Technical Neutral Momentum Weak Sentiment Neutral Fundamentals Fair Quant / Vol Low
      Market backdrop VIX 14.9 · calm Equity put/call 0.52
      Technical
      price trend
      Neutral
      50 / 200-day cross No cross
      Price vs 200-day avg +2%
      above
      Price vs 50-day avg −2%
      below
      RSI (14) 45
      neutral
      MACD trend Negative
      52-week position 65%
      mid-range
      Momentum
      relative strength
      Weak
      1-month return −4%
      trailing
      6-month return +4%
      trailing
      YTD return +2%
      this year
      Relative strength −9%
      vs S&P · 6-mo
      Sentiment
      smart money
      Neutral
      Trend (MA cross) No cross
      50d $188 › 200d $180 — 50d above 200d
      Institutional flow Accumulating
      +0% holders QoQ · +83 funds added
      Insider flow Flat
      No net insider activity over 90 days
      Short interest Rising
      2.63% of float · ▲ +17.9% MoM · 5.1 days cover
      Volume signal Normal
      Volume near normal
      Institution breadth Steady
      752 holders — mid 3-yr range
      Squeeze score 60
      elevated · 0–100
      Fundamentals
      Fair
      Revenue growth +4%
      Y/Y
      EPS growth −3%
      Y/Y
      Valuation P/E 25.2
      below peers
      Buyback $1.0B
      authorized
      Balance sheet $9.1B
      net debt
      Quant / Vol
      risk profile
      Low
      Volatility 20%
      annualized · 1-yr
      Max drawdown −18%
      past year
      ATR 2.0%
      of price · 14-day

      Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

      Guidance & track record

      Latest guidance · from the Earnings Call filed Mar 31, 2026
      2026
      Development starts $800M
      Development NOI $47M
      by year-end
      Annual incremental NOI $55M
      in the coming years (Horizon 2)
      Annual incremental NOI $80M
      2027
      Development NOI $120M
      Prior guidance period ended · from the 8-K filed Apr 28, 2026
      Projected EPS · Q2 2026 $1.23 – $1.33
      Projected FFO per share · Q2 2026 $2.68 – $2.78
      Projected Core FFO per share · Q2 2026 $2.72 – $2.82

      Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

      Technicals

      trend & momentum for long-term holders Neutral
      1 · 4 · 1
      50 / 200-day cross
      No cross Neutral
      Price vs 200-day avg
      +2% Bullish
      Price vs 50-day avg
      −2% Neutral
      RSI (14)
      45 Neutral
      MACD trend
      Negative Bearish
      52-week position
      65% Neutral
      Market signals — smart money & positioning
      Mixed
      Trend (MA cross) No cross
      50d $188 › 200d $180 — 50d above 200d
      Institutional flow Accumulating
      +0% holders QoQ · +83 funds added
      Insider flow Flat
      No net insider activity over 90 days
      Short interest Rising
      2.63% of float · ▲ +17.9% MoM · 5.1 days cover
      Volume signal Normal
      Volume near normal
      Institution breadth Steady
      752 holders — mid 3-yr range
      Price context
      position in its 52-week range
      Range low $161 Now $184 · 65% Range high $197
      vs 200-day avg +2% vs 50-day avg -2%

      Illustrative technical + ownership context — a signal mix, not investment advice.

      Key metrics

      the company's own KPIs, from written earnings releases and filings
      Metric Latest Period YoY
      % change -- cash revenue 1.7% Q2 2026 vs. Q2 2025
      Asset Preservation Capex Per Home $1,234 YTD 2026
      Commercial NOI $7.57M Q2 2026
      Core EBITDAre non-GAAP $484.26M Q2 2026
      Core EBITDAre, annualized non-GAAP $1.94B Q2 2026
      Core FFO non-GAAP $406.04M Q2 2026
      GAAP → non-GAAP reconciliation
      GAAP FFO $387.55M
      -$7.46M Unconsolidated entity activity (1)
      +$102K Structured Investment Program loan reserve (2)
      +$0K Hedge accounting activity
      +$525K Advocacy contributions
      +$74K Severance related costs
      +$19.09M Expensed transaction, development and other pursuit costs, net of recoveries (3)
      -$223K Other real estate activity (4)
      +$6.32M Legal settlements and costs
      +$70K Income tax expense (benefit)
      = Core FFO $406.04M
      Core FFO per common share - diluted non-GAAP $2.86 Q2 2026
      Development/Redevelopment Apartment Homes 11,781 Q2 2026
      Development/Redevelopment NOI $13.57M Q2 2026
      Development/Redevelopment Residential NOI 23.8M YTD 2026
      EBITDA non-GAAP $462.15M Q2 2026
      EBITDAre non-GAAP $465.85M Q2 2026
      Economic Gain non-GAAP $35.84M YTD 2026
      FFO non-GAAP $387.55M Q2 2026
      GAAP → non-GAAP reconciliation
      GAAP Net income attributable to common stockholders $155.72M
      +$230.32M Depreciation - real estate assets, including joint venture adjustments
      +$1.17M Income attributable to noncontrolling interests
      +$338K Loss (gain) on sale of previously depreciated real estate
      +$0K Casualty loss on real estate
      = FFO $387.55M
      FFO per common share - diluted non-GAAP $2.73 Q2 2026
      Interest Coverage non-GAAP 6.7 Q2 2026
      Net debt non-GAAP $8.87B Q2 2026
      Net Debt-to-Core EBITDAre non-GAAP 4.6 Q2 2026
      New Move-In Like-Term Effective Rent Change 0.8% Q2 2026
      NOI $529.24M Q2 2026
      NOI Enhancing Capex Per Home $784 YTD 2026
      NOI from real estate assets sold or held for sale 4.52M YTD 2026
      NOI on unencumbered assets 998.22M YTD 2026
      Other Stabilized Apartment Homes 5,207 Q2 2026
      Other Stabilized NOI $19.55M Q2 2026
      Other Stabilized Residential NOI 38.56M YTD 2026
      Renewal Like-Term Effective Rent Change 4.1% Q2 2026
      Residential NOI non-GAAP $521.67M Q2 2026
      Residential Revenue with Concessions on a Cash Basis non-GAAP $712.17M Q2 2026
      Same Store Apartment Homes 79,473 Q2 2026
      Same Store Average Revenue per Occupied Home $3,097 Q2 2026
      Same Store Like-Term Effective Rent Change 2.6% Q2 2026
      Same Store Total NOI $488.55M Q2 2026
      Total Apartment Homes 96,461 Q2 2026
      Total NOI $529.24M Q2 2026
      Total NOI generated by real estate assets 1.05B YTD 2026
      Total outstanding common shares and DownREIT Units 142,855,625 Q2 2026
      Total Residential NOI 1.03B YTD 2026
      Total Same Store Average Monthly Revenue Per Occupied Home $3,081 YTD 2026
      Total Same Store Economic Occupancy 96.1% YTD 2026
      Total Same Store Residential Operating Expenses 221.03M Q2 2026
      Weighted average common shares and DownREIT Units outstanding - diluted 141,834,769 Q2 2026
      Weighted average common shares and participating securities outstanding - basic 140,850,668 Q2 2026
      Weighted avg years to maturity of total debt 6.5 Q2 2026
      YTD 2026 Unencumbered NOI non-GAAP 95% YTD 2026
      Core FFO per share non-GAAP $2.83 Q1 2026
      FFO per share non-GAAP $2.72 Q1 2026
      Unencumbered NOI non-GAAP 95% Q1 2026

      Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

      Versus peers

      REIT - Residential — same industry group
      Open screener →
      Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
      AVB
      Avalonbay Communities Inc
      this stock
      $26.28B +1.5% +4.4% 25.2 2.6%
      VMRK
      Vivmark Residential
      $24.01B +3.3% +4.8% 27.7 2.8%
      ESS
      Essex Property Trust, Inc.
      $18.39B +9.9% +6.4% 44.6 3.5%
      INVH
      Invitation Homes Inc.
      $17.84B +8.9% +4.2% 27.7 2.1%
      MAA
      Mid America Apartment Communities Inc.
      $15.30B -4.9% +0.8% 39.8 3.9%

      Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

      At a glance

      key data from every section
      Ownership
      Institutional Holders Accumulating
      Holders
      752
      % held
      92.5%
      Net QoQ
      +6.1M sh
      Top holder
      BlackRock, Inc.
      Held Float
      View
      Held by Funds
      Fund positions
      720
      View
      Short & Settlement
      Short Interest Rising
      Shares short
      3.8M
      Days to cover
      5.1d
      Change
      +570.9K sh
      View
      Short Volume
      Short vol %
      27%
      As of
      Aug 14, 2026
      Short Total
      View
      Fails to Deliver
      FTD shares
      2
      Value
      $391
      As of
      Jul 17, 2026
      View
      Off-Exchange
      Off-exchange %
      36.8%
      Week of
      Jul 13, 2026
      Off-exch Lit
      View
      Smart Money
      Congressional Trades Buy
      Member
      Alan Armstrong
      Amount
      $1.0K–$15.0K
      Traded
      Mar 27, 2026
      View
      Financials
      Financials
      Revenue (FY)
      $3.0B
      Net income (FY)
      $1.1B
      EPS diluted
      $7.40
      View
      Buybacks
      Authorized
      $1.0B
      View
      Filings
      SEC Filings
      Latest
      8-K
      Filed
      Aug 17, 2026
      This year
      13
      View
      Proposed Sales
      Value
      $27.0K
      Shares
      150
      Filed
      Dec 2, 2025
      View
      Earnings & Events
      Earnings Calls
      Last call
      Aug 12, 2026
      View

      Performance

      5D 20D 120D MTD YTD
      AVB -1.9% -4.4% +4.4% -0.8% +1.5%
      SPY +0.4% +4.5% +13.8% +3.9% +13.9%
      vs SPY -2.3% -8.9% -9.4% -4.8% -12.3%

      Capital returns

      Latest dividend
      $1.78 / share · ex Jun 30, 2026
      Raised 1.7%
      Paid (TTM)
      $7.06 / share · 4 payouts
      Dividend yield (TTM, derived)
      3.84%
      Buyback program · as of Jun 30, 2026
      Authorized
      $1.00B
      Spent (derived)
      Remaining

      Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

      Key facts CIK 915912 CUSIP 053484101 13F (30d) 660 filings 631 filers Visit website Investor relations