| Company Name: | AvalonBay Communities, Inc. | | Ticker Symbol: | AVB | | | WWW Address: | www.avalonbay.com |
| CEO: | Bryce Blair | | No. of Employees: | 1,877 |
| Common Issue Type: | RE | | Business Description: | The Company is engaged in the development, redevelopment, acquisition, ownership and operation of multifamily communities in barrier-to-entry markets of the United States.
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| | | Industry Information: | REAL ESTATE - REIT - Residential [more like this] |
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| Price | Day Change | Bid | Ask | Open | High | Low | Volume | | 138.99 |  0.43 | - | - | 137.0 | 138.99 | 136.09 | 5081251 |
| Market Cap (mil) | Shares Outstanding (mil) | Beta | EPS | DPS | P/E | Yield | 52-Wks-Range |
| 17,982.5 | 129.4 | 1.23 | 4.32 | 3.88 | 32.0 | 3.1 | 151.23 - 123.04 |
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| KEY FIGURES (Latest Twelve Months - LTM) | | Yesterday's Close | 138.99 | $ | | PE Ratio - LTM | 32.0 | |
| Market Capitalisation | 17,982.5 | mil |
| Latest Shares Outstanding | 129.4 | mil |
| Earnings pS (EPS) | 4.32 | $ |
| Dividend pS (DPS) | 3.88 | ¢ |
| Dividend Yield | 3.1 | % |
| Dividend Payout Ratio | 90 | % |
| Revenue per Employee | 493,135 | $ |
| Effective Tax Rate | 0.0 | % |
| Float | 113.8 | mil |
| Float as % of Shares Outstanding | 88.0 | % |
| Foreign Sales | - | |
| Domestic Sales | - | |
| Selling, General & Adm/tive (SG&A) as % of Revenue | - | |
| Research & Devlopment (R&D) as % of Revenue | - | |
| Gross Profit Margin | - | |
| EBITDA Margin | 30.5 | % |
| Pre-Tax Profit Margin | 17.7 | % |
| Assets Turnover | 0.1 | % |
| Return on Assets (ROA) | 2.9 | % |
| Return on Equity (ROE) | 5.1 | % |
| Return on Capital Invested (ROCI) | 3.0 | % |
| Current Ratio | - | |
| Leverage Ratio (Assets/Equity) | 1.8 | |
| Interest Cover | 2.4 | |
| Total Debt/Equity (Gearing Ratio) | 0.69 | |
| LT Debt/Total Capital | 41.0 | % |
| Working Capital pS | - | |
| Cash pS | - | |
| Book-Value pS | 66.90 | $ |
| Tangible Book-Value pS | 66.90 | $ |
| Cash Flow pS | 3.41 | $ |
| Free Cash Flow pS | -7.56 | $ |
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| KEY FIGURES (LTM): Price info |
| Price/Book Ratio | 2.08 | |
| Price/Tangible Book Ratio | 2.08 | |
| Price/Cash Flow | 40.7 | |
| Price/Free Cash Flow | -18.4 | |
| P/E as % of Industry Group | 0.0 | % |
| P/E as % of Sector Segment | 136.0 | % |
| | | Balance Sheet (at a glance) in Millions |
| | | | | | DIVIDEND INFO | | Dividend Declared Date | 01/31/2013 |
| Dividend Ex-Date | 03/25/2013 |
| Dividend Record Date | 03/28/2013 |
| Dividend Pay Date | 04/14/2013 |
| Dividend Amount | 1070 |
| Type of Payment | Cash Payment |
| Dividend Rate | 4.28 |
| Current Dividend Yield | 3.1 |
| 5-Y Average Dividend Yield | 3.8 |
| Payout Ratio | 90.0 |
| 5-Y Average Payout Ratio | 118.0 |
|  | | Share price performance previous 3 years |
|
 | | | Share price performance intraday |
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| PRICE/VOLUME | High | Low | Close | % Price Chg | % Price Chg vs. Mkt. | Avg. Daily Vol | Total Vol |
| 1 Week | - | - | - | 0.2 | 101 | 13,221 | 79,875 |
| 4 Weeks | 141.95 | 129.24 | 130.22 | 6.7 | 102 | 10,360 | 196,848 |
| 13 Weeks | 141.95 | 123.04 | 128.83 | 7.9 | 99 | 9,215 | 580,544 |
| 26 Weeks | 141.95 | 123.04 | 128.54 | 8.1 | 92 | 11,073 | 1,373,011 |
| 52 Weeks | 151.23 | 123.04 | 139.84 | -0.6 | 79 | 8,563 | 2,123,704 |
| YTD | 141.95 | 123.04 | - | 2.5 | 89 | 9,743 | 964,516 |
| Moving Average | 5-Days | 10-Days | 10-Weeks | 30-Weeks | 200-Days | Beta (60-Mnth) | Beta (36-Mnth) |
| 139.67 | 137.83 | 132.15 | 132.13 | 134.08 | 1.23 | 0.76 |
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| |
| GROWTH RATES | 5-Year
Growh | R² of 5-Year Growth | 3-Year
Growth |
| Revenue | 4.50 | 75.2 | 7.82 |
| Income | 1.12 | 0.2 | 29.00 |
| Dividend | 2.16 | 75.8 | 2.92 |
| Capital Spending | -5.86 | NA | 20.04 |
| R&D | 0.00 | NA | 0.00 |
| Normalized Inc. | 0.02 | NA | 36.70 |
| | | CHANGES | YTD vs.
Last YTD | Curr Qtr vs.
Qtr 1-Yr ago | Annual vs.
Last Annual |
| Revenue % | 15.3 | 15.3 | 8.8 |
| Earnings % | 31.0 | 31.0 | -4.0 |
| EPS % | 5.0 | 5.0 | -11.3 |
| EPS $ | 0.03 | 0.03 | -0.55 |
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| |
| SOLVENCY RATIOS | | SHORT-TERM SOLVENCY RATIOS (LIQUIDITY) |
| Free Cash Flow Margin | -41.46 |
| Free Cash Flow Margin 5YEAR AVG | -31.26 |
| Cash-Flow pS | 5.55 |
| Free Cash-Flow pS | -3.89 |
| FINANCIAL STRUCTURE RATIOS |
| Financial Leverage Ratio (Assets/Equity) | 1.63 |
| Debt Ratio | 38.74 |
| Total Debt/Equity (Gearing Ratio) | 0.29 |
| LT Debt/Equity | 0.29 |
| LT Debt/Capital Invested | 22.49 |
| LT Debt/Total Liabilities | 45.91 |
| | | | VALUATION RATIOS | | MULTIPLES |
| PQ Ratio | 7.25 |
| Tobin's Q Ratio | 1.83 |
| Current P/E Ratio - LTM | 32.00 |
| Enterprise Value (EV)/EBITDA | 0.45 |
| Enterprise Value (EV)/Free Cash Flow | 11.11 |
| Dividend Yield | 3.1 |
| Price/Tangible Book Ratio - LTM | 2.08 |
| Price/Book Ratio - LTM | 2.08 |
| Price/Cash Flow Ratio | 40.7 |
| Price/Free Cash Flow Ratio - LTM | -18.4 |
| P/E Ratio (1 month ago) - LTM | 30.4 |
| P/E Ratio (26 weeks ago) - LTM | 19.3 |
| P/E Ratio (52 weeks ago) - LTM | 27.3 |
| 5-Y High P/E Ratio | 56.1 |
| 5-Y Low P/E Ratio | 8.0 |
| 5-Y Average P/E Ratio | 33.4 |
| Current P/E Ratio as % of 5-Y Average P/E | 96 |
| P/E as % of Industry Group | 0.0 |
| P/E as % of Sector Segment | 136.0 |
| Current 12 Month Normalized P/E Ratio - LTM | 68.6 |
| PER SHARE FIGURES |
| Tangible Book Value pS - LTM | 66.90 |
| Book Value pS - LTM | 66.90 |
| Capital Invested pS | 68.18 |
| Cash Flow pS - LTM | 3.41 |
| Free Cash Flow pS - LTM | -7.56 |
| Earnings pS (EPS) | 4.32 |
| | | | OPERATING RATIOS | | PROFITABILITY |
| Return on Equity (ROE) | 6.20 |
| Return on Equity (ROE) - 5YEAR AVRG. | 7.8 |
| Return on Capital Invested (ROCI) | 4.80 |
| Return on Capital Invested (ROCI) - 5YEAR AVRG. | 4.2 |
| Return on Assets (ROA) | 3.80 |
| Return on Assets (ROA) - 5YEAR AVRG. | 3.8 |
| EBIT Margin - LTM | 30.4 |
| EBITDA Margin - LTM | 30.5 |
| Pre-Tax Profit Margin | 24.79 |
| Pre-Tax Profit Margin - 5YEAR AVRG. | 17.06 |
| Net Profit Margin | 39.46 |
| Net Profit Margin - 5YEAR AVRG. | 33.96 |
| Effective Tax Rate | 0.00 |
| Effective Tax Rate - 5YEAR AVRG. | 0.00 |
| EFFICIENCY RATIOS |
| Revenue per Employee - LTM | 511,879 |
| Net Income per Employee - LTM | 202,673 |
| Assets/Revenue - LTM | 1,000.00 |
| Assets/Revenue - 5YEAR AVRG. | 895.11 |
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