Is AvalonBay Communities (AVB) overvalued or fairly valued?

MarketChacha shows AvalonBay Communities's valuation in context — a trailing P/E of about 23.0, a forward P/E of about 36.8, a price-to-book of about 2.2 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does AvalonBay Communities's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.58×) from reported figures — education, not a rating.

What is AvalonBay Communities's revenue?

AvalonBay Communities reported revenue of $7.0M for FY2025, with net profit of $1.1B, per official filings.

What is the share price of AvalonBay Communities (AVB)?

AvalonBay Communities last traded at $184.06 (+0.0% on the day), as of 8/14/2026 — a delayed quote shown for education, not investment advice.

AvalonBay Communities

AVB · NYSE · Real Estate · United States

Snapshot

TickerAVB

ExchangeNYSE

SectorReal Estate

IndustryREIT - Residential

CountryUnited States

Employees3,011

HeadquartersArlington, United States

Websitewww.avaloncommunities.com

Filings tracked16

About AvalonBay Communities

AvalonBay Communities, Inc., a member of S&P 500, is an equity REIT. The firm develops, redevelops, acquires and manages apartment communities in leading metropolitan areas in Boston, Massachusetts, the New York/New Jersey Metro area, the Mid-Atlantic, Seattle, Washington, 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 June 30, 2026, the Company owned or held a direct or indirect ownership interest in 322 apartment communities containing 99,072 apartment homes in 11 states and the District of Columbia, of which 27 communities were under development and one community was under redevelopment. AvalonBay Communities, Inc. was incorporated in 1978 in Maryland and is based in Arlington, Virginia.

Who owns it

Insiders0.4%
Institutions95.5%
Public & other4.1%

1,140 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.12.50%
Vanguard Portfolio Management LLC8.48%
Vanguard Capital Management LLC6.37%
State Street Corporation6.35%
NORGES BANK5.39%
JPMORGAN CHASE & CO3.21%
Geode Capital Management, LLC2.99%
Price (T.Rowe) Associates Inc2.84%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

Recent reported profit includes sizeable one-off / non-operating items — the underlying operating trend may differ from the headline.

Cash conversion1.58×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Operating margin trend23190.7% → 28698.5%

Margin has expanded by about 5507.8 points — the business is getting more profitable.

Growth qualityrev -5% · PAT 7%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

One-off items3 of last 3 yrs

Recent reported profit includes sizeable one-off / non-operating items — the underlying operating trend may differ from the headline.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $788.0M · EPS 1.28

Est. earnings growth +10.0%

Next fiscal year

Rev $3.2B · EPS 5.03

Est. earnings growth +9.4%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$7.0M

ROE

9.1%

Revenue CAGR (2y)

-4.5%

Profit CAGR (2y)

+6.7%

EPS (FY2025)

7.40

Net profit (FY2025)

$1.1B

Ask MarketChacha about AVB

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	ROE
FY2025	$7.0M	$1.1B*	7.40	9.1%
FY2024	$7.1M	$1.1B*	7.60	9.1%
FY2023	$7.7M	$928.8M*	6.56	7.9%

* Net profit includes one-off / non-operating items (e.g. a settlement or accounting gain), so it doesn’t reflect operating performance — net margin is hidden for that period.

Quarterly

Period	Revenue	Net profit	EPS
2026Q2	$1.8M	$155.7M*	1.11
2026Q1	$1.8M	$325.7M*	2.33
2025Q3	$1.9M	$381.3M*	2.68
2025Q2	$1.6M	$268.7M*	1.88
2025Q1	$1.7M	$236.6M*	1.66
2024Q3	$1.7M	$372.5M*	2.61
2024Q2	$1.8M	$253.9M*	1.78
2024Q1	$1.8M	$173.4M*	1.22
2023Q3	$1.9M	$171.8M*	1.21
2023Q2	$2.7M	$367.8M*	2.59
2023Q1	$1.1M	$146.8M*	1.05

* Net profit includes one-off / non-operating items (e.g. a settlement or accounting gain), so it doesn’t reflect operating performance — net margin is hidden for that period.

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Other events
SEC7/31/2026material
10-Q filing
SEC7/30/2026
8-K — Results of operations, Exhibits
SEC7/23/2026material
8-K — Other events, Exhibits
SEC6/8/2026material
8-K — Executive/director change, Shareholder vote results, Exhibits
SEC5/22/2026material
8-K — Material agreement, Reg FD disclosure, Exhibits
SEC5/21/2026material
10-Q filing
SEC5/7/2026
8-K — Results of operations, Exhibits
SEC4/28/2026material
10-K filing
SEC2/27/2026
8-K — Results of operations, Exhibits
SEC2/5/2026material

2025

8-K — Other events, Exhibits
SEC12/1/2025material
8-K — Executive/director change
SEC11/10/2025material
10-Q filing
SEC11/6/2025
8-K — Results of operations, Exhibits
SEC10/30/2025material
10-Q filing
SEC8/7/2025
8-K — Results of operations, Exhibits
SEC7/31/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.