Latest revenue
$1.8M
as of 2026-03-31
Latest net income
$325.7M
as of 2026-03-31
Net margin
17770.3%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $25.83B
- Enterprise value
- $33.48B
- P/E (trailing)
- 24.6×
- Forward P/E
- —
- P/B
- 2.16×
- Dividend yield
- 3.8%
- 52-wk high
- $209.86
- 52-wk low
- $160.09
- Beta
- —
- Shares out
- 139.1M
5-year trend
What this company does
AvalonBay Communities is a residential REIT that develops, owns, and operates apartment communities across U.S. coastal and expansion markets. It generates revenue primarily from rental income on its multifamily properties, supplemented by gains on development and asset sales. Limited disclosure in this filing, which references the prior 10-K and notes no material changes to risk factors since December 31, 2024.
Generated from AVB's filing dated 2026-02-27
Key risks
- Filing references only prior 10-K risk factors with no material updates since December 31, 2024 — investors must rely on stale disclosures.
Generated from AVB's filing dated 2026-02-27
Profitability
Net margin
34.6%
6.9%Return on equity
9.1%
0.1%Return on assets
4.7%
8.1%Leverage
Debt / equity
0.91×
20.1%Long-term debt / equity
0.68×
10.1%Debt / assets
47.7%
10.5%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $1.8M | +5.2% | $325.7M | +37.7% | 17770.3% |
Q4 2025 2025-12-31 | $3.04B | +4.6% | $164.7M | — | 5.4% |
Q3 2025 2025-09-30 | $-1.9M | -209.0% | $381.3M | +2.4% | — |
Q2 2025 2025-06-30 | $-1.6M | -187.1% | $268.7M | +5.8% | — |
Q1 2025 2025-03-31 | $1.7M | -3.0% | $236.6M | — | 13581.9% |
Q4 2024 2024-12-31 | $2.91B | — | — | — | — |
Q3 2024 2024-09-30 | $1.7M | -11.3% | $372.5M | — | 21708.6% |
Q2 2024 2024-06-30 | $1.8M | -32.5% | $253.9M | — | 13876.2% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Real Estate Investment Trusts · SIC 6798
Your notes
Keep private notes on AVB — thesis, target price, catalysts to watch.
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Insider activity
Insider buying
$0
Insider selling
$2.5M
Net activity
−$2.5M
Distinct insiders
3
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns AVB
Institutional value
$12.49B
Total shares held
77.7M
Distinct holders
501
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 17.5M | $2.86B | — | New |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 12.2M | $1.99B | — | New |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 9.2M | $1.50B | — | New |
| 4 | PRINCIPAL FINANCIAL GROUP INC | 4.4M | $725.5M | — | New |
| 5 | JPMORGAN CHASE & CO | 4.5M | $721.5M | — | New |
| 6 | DIMENSIONAL FUND ADVISORS LP | 2.1M | $349.1M | — | New |
| 7 | Legal & General Group Plc | 2.0M | $329.8M | — | New |
| 8 | Invesco Ltd. | 1.9M | $313.2M | — | New |
| 9 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 1.7M | $284.3M | — | New |
| 10 | Nuveen, LLC | 846.1K | $138.2M | — | New |
| 11 | Bank of New York Mellon Corp | 831.9K | $135.9M | — | New |
| 12 | DUFF & PHELPS INVESTMENT MANAGEMENT CO | 806.8K | $131.8M | — | New |
| 13 | VANGUARD FIDUCIARY TRUST CO | 797.0K | $130.2M | — | New |
| 14 | Sumitomo Mitsui Trust Group, Inc. | 724.3K | $118.3M | — | New |
| 15 | HSBC HOLDINGS PLC | 691.5K | $112.9M | — | New |
| 16 | UBS Group AG | 598.9K | $97.8M | — | New |
| 17 | DEUTSCHE BANK AG\ | 592.3K | $96.7M | — | New |
| 18 | TEACHER RETIREMENT SYSTEM OF TEXAS | 541.1K | $88.4M | — | New |
| 19 | AEW CAPITAL MANAGEMENT L P | 525.3K | $85.8M | — | New |
| 20 | BAHL & GAYNOR INC | 511.4K | $83.5M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
With a 39% net margin on $2.27B revenue, how much reflects non-cash gains versus same-store NOI growth, and what's the underlying organic trajectory?
- 2
Given expansion into Sun Belt markets facing supply gluts, what specific submarkets are seeing rent concessions, and how is that pressuring 2026 guidance?
- 3
You disclosed 'no material changes' to risk factors—why isn't insurance cost inflation in coastal/California portfolios warranting updated disclosure given peers' commentary?
Refreshed when AVB files a new report · last from 2026-02-27