AvalonBay Communities Inc. (AVB)

Index:

S&P 500

$ 182.51
   
  • Change Today:
    $-2.32
  • 52 Week High: $208.83
  • 52 Week Low: $160.81
  • Currency: US Dollars
  • Shares Issued: 140.08m
  • Volume: 1,769,118
  • Market Cap: $25,566m
  • RiskGrade: 116

Fundamentals - based on IFRS

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Income Statement 31-Dec-25 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21
Continuing Operations          
Revenue 3,040.73 2,913.76 2,767.91 2,593.45 2,294.85
Operating Profit/(Loss) 1,027.99 920.14 206.93 1,381.16 1,230.50
Profit Before Tax 1,055.46 938.59 938.59 1,151.08 1,010.09
Profit After Tax 1,056.60 928.44 928.44 1,136.44 1,004.36
           
Earnings per Share - Basic 740.00¢ 761.00¢ 656.00¢ 813.00¢ 719.00¢
Earnings per Share - Adjusted 740.00¢ 761.00¢ 656.00¢ 813.00¢ 719.00¢
           
Dividend per Share 700.00¢ 680.00¢ 660.00¢ 636.00¢ 636.00¢
  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Balance Sheet 31-Dec-25 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21
Assets          
Non-Current Assets          
Property, Plant & Equipment 20,953.78 19,921.72 19,477.54 19,136.14 18,856.18
Intangible Assets n/a n/a n/a n/a n/a
Other Non-Current Assets n/a n/a n/a n/a n/a
  20,953.78 19,921.72 19,477.54 19,136.14 18,856.18
Current Assets          
Inventories n/a n/a n/a n/a n/a
Cash at Bank & in Hand 187.23 108.58 397.89 613.19 420.25
Other Current Assets n/a n/a n/a n/a n/a
  187.23 108.58 397.89 613.19 420.25
           
Other Assets 1,051.12 970.45 802.78 708.44 625.58
Total Assets 22,192.14 21,000.74 20,678.21 20,457.76 19,902.02
Current Liabilities          
Borrowings n/a n/a n/a n/a n/a
Other Current Liabilities n/a n/a n/a n/a n/a
           
Current Liabilities n/a n/a n/a n/a n/a
           
Net Current Assets c187.23 c108.58 c397.89 c613.19 c420.25
           
Borrowings 8,044.58 7,532.07 8,135.05 8,478.72 8,270.04
Other Non-Current Liabilities n/a n/a n/a n/a n/a
Non-Current Liabilities 8,044.58 7,532.07 8,135.05 8,478.72 8,270.04
           
Other Liabilities 2,313.24 1,527.58 758.37 725.49 698.88
Total Liabilities 10,357.82 9,059.64 8,893.42 9,204.21 8,968.92
           
Net Assets 11,834.32 11,941.09 11,784.79 11,253.55 10,933.09
           
Shareholders Funds 11,611.34 11,941.09 11,784.79 11,253.48 10,932.53
           
Minority Interests/Other Equity 222.98 n/a n/a 0.08 0.57
Total Equity 11,834.32 11,941.09 11,784.79 11,253.55 10,933.09
Cash Flow 31-Dec-25 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21
Net Cash Flow From Operating Activities 1,671.10 1,607.88 1,560.03 1,421.93 1,203.17
Net Cash Flow from Investing Activities (1,392.37) (996.86) (928.96) (560.42) (624.05)
Net Cash Flow from Financing Activities (192.73) (874.90) (834.36) (671.06) (348.86)
Net Increase/Decrease In Cash 86.01 (263.88) (203.29) 190.46 230.26
Ratios - based on IFRS 31-Dec-25 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21
Continuing Operations          
PE Ratio - Adjusted 24.5 28.9 28.5 19.9 35.1
PEG - Adjusted n/a 1.8 n/a 1.5 1.6
Earnings per Share Growth - Adjusted -3% 16% -19% 13% 22%
Dividend Cover 1.06 1.12 0.99 1.28 1.13
Revenue per Share 2,170.69¢ 2,080.05¢ 1,975.93¢ 1,851.39¢ 1,638.23¢
Pre-Tax Profit per Share 753.47¢ 670.03¢ 670.03¢ 821.73¢ 721.08¢
Operating Margin 33.81% 31.58% 7.48% 53.26% 53.62%
Return on Capital Employed 5.31% 4.82% 4.71% 5.83% 5.26%
           
Dividend Yield 3.9% 3.1% 3.5% 3.9% 2.5%
Dividend per Share Growth 2.94% 3.03% 3.77% n/a n/a
Operating Cash Flow per Share 1,192.96¢ 1,147.82¢ 1,113.66¢ 1,015.08¢ 858.91¢
Cash Incr/Decr per Share 61.40¢ (188.38¢) (145.12¢) 135.96¢ 164.37¢
Net Asset Value per Share (exc. Intangibles) 8,448.20¢ 8,524.42¢ 8,412.84¢ 8,033.60¢ 7,804.84¢
Net Gearing 67.67% 62.17% 65.65% 69.89% 71.80%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Forecast figures based on normalised accounts.

 

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