Last €148.95 EUR
Change Today +0.57 / 0.39%
Volume 0.0
WV8 On Other Exchanges
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As of 1:49 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

avalonbay communities inc (WV8) Snapshot

Open
€147.59
Previous Close
€148.38
Day High
€148.95
Day Low
€147.51
52 Week High
01/27/15 - €159.51
52 Week Low
03/10/14 - €91.31
Market Cap
19.7B
Average Volume 10 Days
0.7
EPS TTM
--
Shares Outstanding
132.0M
EX-Date
03/27/15
P/E TM
--
Dividend
€5.00
Dividend Yield
2.39%
Current Stock Chart for AVALONBAY COMMUNITIES INC (WV8)

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avalonbay communities inc (WV8) Details

AvalonBay Communities, Inc. engages in the development, redevelopment, acquisition, ownership, and operation of multifamily communities in the United States. As of January 31, 2009, the company owned or held a direct or indirect ownership interest in 164 operating apartment communities comprising 45,728 apartment homes in 10 states and the District of Columbia. It also held a direct or indirect ownership interest in 14 communities under construction, as well as held rights to develop an additional 27 communities. The company’s markets are located in New England, the New York/New Jersey metro area, the Mid-Atlantic, the Midwest, the Pacific Northwest, and the Northern and Southern California regions of the United States. AvalonBay Communities has elected to be taxed as a real estate investment trust and would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 1978 and is based in Arlington, Virginia.

3,006 Employees
Last Reported Date: 02/19/15
Founded in 1978

avalonbay communities inc (WV8) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $921.2K
Chief Operating Officer and Member of Managem...
Total Annual Compensation: $418.3K
Chief Administrative Officer, Executive Vice ...
Total Annual Compensation: $420.2K
Chief Investment Officer and Chairman of Mana...
Total Annual Compensation: $395.2K
Compensation as of Fiscal Year 2013.

avalonbay communities inc (WV8) Key Developments

Avalonbay Communities Seeks Acquisitions

Avalonbay Communities Inc. (NYSE:AVB) is looking for acquisition opportunities. Avalonbay Communities has filed a shelf registration and intend to use the net proceeds from the sale of the securities for capital expenditures, including for the acquisition, development and redevelopment of apartment communities, potential acquisitions and working capital.

Tenants File Suit against Avalonbay in Wake of Fire

The devastating seven-alarm inferno that displaced about 1,000 residents of a luxury apartment building is a direct result of a real estate company's negligence, a class-action lawsuit filed by homeless tenants of the Avalon at Edgewater alleges. The civil lawsuit, filed in Bergen County Superior Court on January 26, claims hundreds of tenants of the complex, as well as residents in neighboring homes, suffered economic losses because of direct actions of AvalonBay. About 1,000 people were displaced from their homes as a result of the massive fire, half of them permanently. Many pets also died in the blaze. The plaintiffs are seeking a jury trial. Officials claim two AvalonBay maintenance workers accidentally touched off the spectacular blaze the afternoon of Jan. 21. Edgewater police said the workers were performing plumbing work behind a wall on the first floor with a blowtorch when the fire started. Avalon's workers didn't call 911 for 15 minutes. Within hours, one of the two buildings in the complex had been reduced to ash. More than 230 units were destroyed and the fire smoldered for days.

Avalonbay Communities Inc. Declares Dividend for First Quarter of 2015, Payable on April 15, 2015; Starts Construction of Three Communities and Acquires Four Land Parcels for Development

Avalonbay Communities Inc.’s board of directors declared a dividend for the first quarter of 2015 of $1.25 per share on the company’s common stock (par value of $0.01 per share). The declared dividend is a 7.8% increase over the company’s prior quarterly dividend of $1.16 per share. The dividend is payable on April 15, 2015 to common stockholders of record as of March 31, 2015. The company started the construction of three communities: Avalon Green III, located in Elmsford, NY; Avalon Union, located in Union, NJ; and Avalon Princeton, located in Princeton, NJ. These communities will contain a total of 550 apartment homes when completed and will be developed for an aggregate estimated Total Capital Cost of $168,300,000. The company acquired four land parcels for development, for an aggregate investment of $40,333,000. The company has started, or anticipates starting, construction of apartment communities on these land parcels during the next 12 months. The company added two development rights. If developed as expected, these development rights will contain a total of 462 apartment homes and will be developed for an aggregate estimated Total Capital Cost of $418,000,000.

 

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WV8 Competitors

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Company Last Change
Apartment Investment & Management Co $37.68 USD +0.58
Essex Property Trust Inc $222.43 USD +2.09
Mid-America Apartment Communities Inc $72.47 USD +0.50
Realty Income Corp $50.06 USD +0.25
UDR Inc $31.94 USD +0.45
View Industry Companies
 

Industry Analysis

WV8

Industry Average

Valuation WV8 Industry Range
Price/Earnings 33.9x
Price/Sales 12.1x
Price/Book 2.4x
Price/Cash Flow 19.5x
TEV/Sales 8.2x
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