Company
AvalonBay Communities, Inc.
Headquarters: Arlington, VA, United States
Founded: 1978
Employees: 2,839
CEO: Mr. Benjamin W. Schall
Market Cap
$27.57 Billion
USD as of July 1, 2023
AvalonBay Communities, Inc. Categories
United States
languages
Real Estate
languages
REIT—Residential
United States Real Estate
United States REIT—Residential
Company Description
AvalonBay Communities, Inc. is a real estate investment trust dedicated to residential properties. It develops, redevelops, acquires, and manages more than 75,000 apartment units, located in the New England area, the New York City and Washington, D.C. metropolitan areas, and the states of California, Washington, Florida, and Colorado.
Top Competitors by Market Capitalization
Industry: REIT—Residential
| Company | Market Cap (USD) |
|---|---|
|
Equity Residential
|
$25.55 B |
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UDR, Inc.
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$23.40 B |
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Invitation Homes Inc.
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$21.64 B |
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Mid-America Apartment Communities, Inc.
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$18.65 B |
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American Campus Communities, Inc.
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$18.13 B |
Sector:
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Prologis, Inc.
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$113.38 B |
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American Tower
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$90.69 B |
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Equinix, Inc. (REIT)
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$73.61 B |
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Public Storage
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$52.62 B |
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Crown Castle International Corp. (REIT)
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$50.28 B |
Detailed Description
As of December 31, 2020, the Company owned or held a direct or indirect ownership interest in 291 apartment communities containing 86,025 apartment homes in 11 states and the District of Columbia, of which 18 communities were under development and one community was under redevelopment. The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California, as well as in the Company's expansion markets consisting of Southeast Florida and Denver, Colorado (the "Expansion Markets").
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Stocks & Indices
AvalonBay Communities, Inc. has the following listings and related stock indices.
Stock: NYSE: AVB wb_incandescent
Stock: Bovespa: A1VB34 wb_incandescent
Stock: FSX: WV8 wb_incandescent
Key People
Timothy J. Naughton, Chairman Benjamin Schall CEO Kevin P. O’ Shea, CFO
Financials
Revenue: $2.301 billion (2020)
Net income: $827 million (2020)
Total assets: $19.199 billion (2020)
Total equity: $10.752 billion (2020)