AvalonBay Communities (AVB)
A bicoastal apartment REIT operating four residential brands across coastal and Sunbelt markets.
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AvalonBay Communities is a US residential REIT that develops, acquires, and operates apartment communities through four brands — Avalon, AVA, eaves by Avalon, and Kanso — each targeting a distinct renter segment. Its portfolio spans coastal and Sunbelt markets across eleven states and DC.
AvalonBay Communities is a US residential REIT that owns, develops, and operates apartment communities across coastal and Sunbelt markets. The company traces to the 1998 merger of Avalon Properties and Bay Apartment Communities, and concentrates its portfolio in eleven states and the District of Columbia. It operates four distinct residential brands: Avalon (upscale, high-amenity), AVA (compact urban units targeting younger renters in transit-served neighborhoods), eaves by Avalon (value-suburban segment grown through redevelopment and acquisition), and Kanso (self-service, smart-access apartments for cost-conscious renters preferring minimal amenities).
Internally, it maintains its own development, construction, and property-management platform. As of a pending all-stock merger of equals with Equity Residential announced in May 2026 and targeted to close in the second half of 2026, AvalonBay is on course to be absorbed into a combined national apartment company.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $80.7M · Total debt $9.19B · Total assets $22.30B · Shareholders' equity $12.02B
- Revenue
- $777.8M
- Operating income
- $211.8M
- Net income
- $155.7M
HistoryDividendAnnual yield
| Institutions | 94.86% | 135.45M shares | |
|---|---|---|---|
| 769 holders · as of Jun 30, 2026 | |||
| Insiders | 0.08% | 114.1K shares | |
| 2 holders · as of Aug 17, 2026 | |||
| Other | 5.06% | 7.23M shares | |
| remainder | |||
142.80M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 12.50% | 17.85M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 8.48% | 12.12M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.37% | 9.09M | as of Jun 30, 2026 |
State Street CorpInstitution | 6.35% | 9.06M | as of Jun 30, 2026 |
Norges BankInstitution | 5.39% | 7.69M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Dec 2, 2025 | Sean Thomas Willson | officer: Senior Vice President | −150 | $180.27 |
- Equity Residential
Bicoastal Class-A REIT; all-stock merger of equals with AvalonBay due 2H 2026.
- UDR
Bicoastal apartment REIT, ~55,000 units, named direct peer in AVB's 10-K.
- Essex Property Trust
The only public multifamily REIT exclusively focused on the U.S. West Coast.
- Mid-America Apartment Communities
Largest Sunbelt-focused apartment REIT with 100,000+ units across 16 states.
- Camden Property Trust
Sunbelt developer REIT with in-house construction; DC metro and SoCal overlap.
- Independence Realty Trust
Mid-cap Sunbelt Class-B REIT in non-gateway markets; value-add renovation model.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| AvalonBay Communities | $184.06 | 0.00% | $26.28B | 25.4 | 35.5 | 8.5 | +3.2% |
| Equity Residential | $61.19 | −1.86% | $23.38B | 27.3 | 39.5 | 7.5 | +2.1% |
| UDR | $33.69 | −1.20% | $10.96B | 21.7 | 56.8 | 6.4 | −0.0% |
| Essex Property Trust | $273.82 | −0.34% | $17.66B | 42.7 | 45.4 | 9.2 | +4.1% |
| Mid-America Apartment Communities | $118.59 | −0.47% | $13.87B | 34.8 | 37.9 | 6.2 | +1.0% |
| Camden Property Trust | $98.49 | −0.83% | $9.98B | 33.0 | 104.0 | 6.3 | −0.9% |
| Independence Realty Trust | $14.60 | −1.12% | $3.48B | 80.4 | 68.1 | 5.2 | +3.2% |
| Median | 33.9 | 51.1 | 6.4 | +1.5% |