- Investing.com
AvalonBay Communities, Inc., a member of the S&P 500, is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas 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 the Company's expansion regions of Raleigh-Durham and Charlotte, North Carolina, Southeast Florida, Dallas and Austin, Texas, and Denver, Colorado. As of September 30, 2024, the Company owned or held a direct or indirect ownership interest in 305 apartment communities containing 92,908 apartment homes in 12 states and the District of Columbia, of which 19 communities were under development.
Coastal Advantage | AvalonBay's focus on resilient coastal markets yields strong performance, benefiting from high new-jobs-to-supply ratios and robust urban center demand |
Financial Fortitude | Explore AvalonBay's impressive rent growth and lease spreads, outpacing peers with a 3.5-3.6% blended rate and accelerating renewals at 5.3% |
Market Dynamics | Delve into multifamily sector trends, including job growth impact, housing unaffordability, and varied supply dynamics across regions |
Analyst Outlook | Learn about AvalonBay's potential, with price targets ranging from $202 to $249, reflecting confidence in its strategic positioning and growth prospects |
Metrics to compare | AVB | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipAVBPeersSector | |
---|---|---|---|---|
P/E Ratio | 31.2x | 34.0x | 7.5x | |
PEG Ratio | 2.80 | 0.17 | 0.01 | |
Price/Book | 2.7x | 2.1x | 0.9x | |
Price / LTM Sales | 11.1x | 8.1x | 4.0x | |
Upside (Analyst Target) | 2.3% | 10.0% | 15.6% | |
Fair Value Upside | Unlock | −9.8% | 0.2% | Unlock |