AvalonBay's core coastal multifamily portfolio is experiencing decelerating revenue growth, with total revenue up just 2.3% YoY in 2026Q2 versus 5.7% in 2024Q1, signaling fading pricing power. However, the most pressing concern is the dramatic collapse in AFFO...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth decelerated to 2.3% YoY in 2026Q2, while NOI margin collapsed to 3.3% from 68.2% in 2025Q4, and FFO per share fell 22.3% YoY to $2.74, indicating potential operational stress.
The demand for rental apartments is robust, driven by millennials forming households, delayed homeownership due to affordability issues, and increased urbanization. AvalonBay, as a major owner and operator of apartment communities, is well-positioned to benefit from this persistent demand.
Certain markets where AVB operates may experience strong rent growth due to limited new supply, job growth, and population increases. This environment can lead to higher revenue and net operating income for the company.
AvalonBay boasts a portfolio of well-located, high-quality apartment buildings in desirable urban and suburban markets. This focus on premium assets allows them to command higher rents and maintain strong occupancy rates.
Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 22, 2026 | $1.11-9.8% vs $1.23 | $712M-7.8% vs $772M |
Q2 2026 Apr 27, 2026 | $2.33+83.5% vs $1.27 | $705M-8.3% vs $769M |
Q1 2026 Feb 4, 2026 | $1.17-4.9% vs $1.23 | $679M-11.3% vs $766M |
Q4 2025 Oct 29, 2025 | $2.68+95.6% vs $1.37 | $682M-10.9% vs $766M |
Corient Private Wealth LP reduced its stake in shares of AvalonBay Communities, Inc. (NYSE: AVB) by 24.1% in the undefined quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,162 shares of the real estate investment trust's stock after selling
Squarepoint Ops LLC reduced its holdings in shares of AvalonBay Communities, Inc. (NYSE: AVB) by 84.2% in the undefined quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,795 shares of the real estate investment trust's stock after selling 52,007 shares during the
Bank of Nova Scotia purchased a new position in AvalonBay Communities, Inc. (NYSE: AVB) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 19,339 shares of the real estate investment trust's stock, valued at approximately $3,649,000. A number
Ally Financial Inc. purchased a new position in AvalonBay Communities, Inc. (NYSE: AVB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,000 shares of the real estate investment trust's stock, valued at approximately $1,321,000. Other institutional investors and hedge funds have also
Benchmark AVB against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for AvalonBay Communities, Inc. (AVB)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $68.14 | $9.68B | 9.22 | 4.29% | 34.64% | 8.85% | 10.26% | |
| $68.14 | $25.55B | 23.42 | 4.06% | 27.91% | 7.82% | — | |
| $273.47 | $17.57B | 26.27 | 7.11% | 12.33% | 4.19% | — | |
| $33.79 | $10.98B | 29.90 | 2.42% | 30.43% | 14.38% | — | |
| $97.68 | $9.82B | 27.59 | 1.92% | 20.74% | 7.66% | — | |
| $117.78 | $13.71B | 31.16 | 0.83% | 18.17% | 6.96% | — |
AvalonBay Communities, Inc. (AVB) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
AvalonBay Communities, Inc. (AVB) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jul 31, 2026·SEC
Jul 23, 2026·SEC
Jun 8, 2026·SEC
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AvalonBay Communities, Inc. (AVB) stock FAQ — growth, dividends, profitability & financials explained
AvalonBay Communities, Inc. (AVB) reported $3.08B in revenue for fiscal year 2025. This represents a 3630% increase from $82.6M in 1996.
AvalonBay Communities, Inc. (AVB) grew revenue by 4.3% over the past year. Growth has been modest.
Yes, AvalonBay Communities, Inc. (AVB) is profitable, generating $1.03B in net income for fiscal year 2025 (34.6% net margin).
Yes, AvalonBay Communities, Inc. (AVB) pays a dividend with a yield of 10.26%. This makes it attractive for income-focused investors.
AvalonBay Communities, Inc. (AVB) has a return on equity (ROE) of 8.9%. This is below average, suggesting room for improvement.
AvalonBay Communities, Inc. (AVB) generated Funds From Operations (FFO) of $1.96B in the trailing twelve months. FFO is the primary profitability metric for REITs.
AvalonBay Communities, Inc. (AVB) offers a 10.26% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.
