|Bid||205.74 x 800|
|Ask||214.82 x 900|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|Beta (3Y Monthly)||0.55|
|PE Ratio (TTM)||29.01|
|Earnings Date||Jul 31, 2019|
|Forward Dividend & Yield||6.08 (2.89%)|
|1y Target Est||213.00|
AvalonBay Communities, Inc. (AVB) today announced the release of its 2018 Corporate Responsibility (CR) Report. In addition to summarizing the Company’s environmental, social and governance performance for calendar year 2018, the report also shows the Company’s progress against its 2020 CR goals. “We are proud to continue leading the way with our environmental, social and governance programs and our adoption of Science Based Targets that were recently approved by the Science Based Targets initiative.
AvalonBay Communities Inc NYSE:AVBView full report here! Summary * Perception of the company's creditworthiness is neutral * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is extremely low for AVB with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting AVB. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $6.34 billion over the last one-month into ETFs that hold AVB are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. AVB credit default swap spreads are within the middle of their range for the last three years.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Residential REITs poised to benefit from a stable economy, a healthy labor market, favorable demographics and household formation despite elevated supply in certain markets.
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AVALONBAY COMMUNITIES, INC. will release its second quarter 2019 earnings on July 31, 2019 after the market close. The Company will hold a conference call on August 1, 2019 at 1:00 PM Eastern Time to discuss its second quarter 2019 results.
AVALONBAY COMMUNITIES, INC. (AVB) has been named one of The Washington Post’s 2019 Top Workplaces in the Washington, D.C. area. Selection is based solely on employee feedback gathered through an anonymous third-party survey administered by research partner Energage, LLC, which measured several aspects of workplace culture, including alignment, execution, and connection. “We are honored to be recognized by The Washington Post as a top Washington-area workplace,” said Tim Naughton, AvalonBay Chairman and CEO.
(Bloomberg) -- Here’s one advantage to selling pricey condos near, but not on, Billionaires’ Row: You can tout your project as a bargain.It’s a strategy that apartment landlord AvalonBay Communities Inc. is looking to as it begins marketing its first for-sale project, the Park Loggia, off Columbus Circle on West 61st Street in Manhattan.The real estate investment trust acquired the site in 2015 for $300 million, near the peak of Manhattan’s high-end sales frenzy, with plans for luxury rentals and, perhaps, some condos. Since then, the borough has become saturated with both. AvalonBay studied its options and, well into construction on the 32-story project, decided the more-lucrative option was to go all-condo.The pitch is that the homes are smaller than the full-floor, museum-like spaces seeking buyers along 57th Street and across from Central Park. So they’re relatively less expensive, but in the same neighborhood. Among the largest are the 1,916-square-foot (178-square-meter) three-bedroom units that begin on the 17th floor. They start at $6.58 million, or $3,431 a square foot.“We think it’s priced right,” Martin Piazzola, AvalonBay’s senior vice president of development, said on recent tour of the building. “Something around the corner is probably 50% more per square foot -- or double. You do all the math and suddenly, they’re astronomical and we’re attainable.”Park Views“Around the corner” is Extell’s rising Central Park Tower -- with a five-bedroom penthouse that’s listed for $63 million, or $8,905 a square foot -- and Vornado Realty Trust’s 220 Central Park South, where Citadel Chief Executive Officer Ken Griffin plunked down $238 million to buy America’s priciest home. Across the street is 15 Central Park West, a 12-year-old property where condos are listed for resale at $16.3 million on average, data from StreetEasy show.All those developments draw some of their stratospheric pricing from their unobstructed views of Central Park. By contrast, the Park Loggia, on the corner of Broadway, offers views of those neighboring luxury buildings.The lack of a premium for views and the smaller size of AvalonBay’s units “are a powerful amenity differentiator,” said Jonathan Miller, president of New York appraiser Miller Samuel Inc. “Because that’s not the normal product coming into that market.”Hesitant BuyersSelling condos in Manhattan has gotten tougher these days as the well-heeled take their time to sort through the sea of high-priced options. Buyers are also becoming more sensitive to carrying costs, thanks to the new tax law that limits how much of their property levies can be written off on their federal returns.At the end of 2019, there will be about 9,004 unsold condos on the market in Manhattan, and it would take nine years to clear them all at the current pace of deals, according to estimates from Miller Samuel.At the Park Loggia, named for the covered outdoor spaces that are its signature architectural flourish, 80% of the 172 condos are one- and two-bedrooms. One-bedrooms start at $1.64 million for a 782-square-foot apartment on the third floor with an additional 296 square feet of outdoor space, according to offering plans filed with the state attorney general’s office. Two-bedrooms start at $2.785 million.The priciest unit is a four-bedroom penthouse with 2,391 square feet inside and 500 square feet of outdoor space, offered at $10.995 million.AvalonBay waited until now, close to the building’s September completion date, to begin selling units, on the theory that buyers in a slowing market won’t commit to big deals unless they can view a finished product, Piazzola said. The company doesn’t expect to see proceeds from sales until the third or fourth quarter, executives said on a conference call in February.“It’s not like nothing is selling,” Piazzola said. “If you’re delivering a product that people want at the right price point, it will move.”To contact the reporter on this story: Oshrat Carmiel in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Debarati Roy at email@example.com, Christine Maurus, Daniel TaubFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Essex Property Trust (ESS) likely to benefit from favorable demographic trends, household formation, healthy economy and job-market growth despite high apartment deliveries in the near term.
The Arlington, Virginia-based company is one of the largest multi-family real estate investment trusts in the U.S. and has joined a development list of heavy-hitters who are unabashedly investing in the city, warts and all.
Six local developers spoke highly of Baltimore's potential and growing job market — even while acknowledging the significant challenges the city is facing.
"The global economic environment is very favorable for investors. Economies are generally strong, but not too strong. Employment levels are among the strongest for many decades. Interest rates are paused at very low levels, and the risk of significant increases in the medium term seems low. Financing for transactions is freely available to good borrowers, […]
AvalonBay Communities (AVB) will benefit from its high-quality assets, favorable demographics and household formation amid healthy economy and job gains. Yet, high supply is a key concern.
In a world of minuscule interest rates, investors are searching far and wide for yield. But many of them don't need to look beyond the front door - if they live in an apartment.Apartment real estate investment trusts (REITs) are well-poised to deliver reliable and growing dividends for the foreseeable future.Homeownership rates in the United States have fallen, from 69.2% in the second quarter of 2004, to 64.2% at latest count. The decline is due in part to the higher underwriting standards instituted after 2008, and in part to younger Americans struggling to pay rent, let alone a down payment, mortgage bills and other costs of homeownership. Moreover, along the West Coast and in other cities such as Boston and New York, tough zoning laws and "NIMBY-ism" (Not In My Back Yard) prevent adequate new residential construction - a problem that does not look to be rectified easily, if ever.The 10-year-long U.S. economic recovery and 4% mortgages have bumped up homeownership rates only marginally in recent seasons. Yet as national employment rolls expand, so is demand for housing - but a "severe shortage of housing" has been "too high of a hurdle for many would-be buyers to clear," Freddie Mac recently said. The housing shortage is a national concern, but for investors, the tight residential markets signal opportunity. Well-managed apartment REITs, which own and operate apartment communities, are perfectly positioned to take advantage. Here are six apartment REITs to buy for this housing shift ... as well as sustained and growing dividend income. SEE ALSO: The 13 Best REITs to Buy in 2019
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AVALONBAY COMMUNITIES, INC. (AVB) (the “Company”) announced today that total rental revenue for Established Communities for the two months ended May 31, 2019 increased 3.4% over the prior year period. This is 40 basis points above what the Company’s expectation was for total rental revenue growth during this period when the Company published its outlook for full year Established Communities rental revenue growth on February 4, 2019.
AvalonBay Communities, Inc. announced today that its Board of Directors declared a cash dividend on the Company’s Common Stock for the second quarter of 2019.
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This apartment owner is putting up new buildings with garages built for the future. Someday people will be happily living in them -- really.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of AvalonBay Communities, Inc. New York, May 08, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of AvalonBay Communities, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.