AvalonBay Communities Inc. Files 10-Q for Period Ending March 31, 2024

Ticker: AVB · Form: 10-Q · Filed: 2024-05-03T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, AvalonBay Communities, REIT, Financial Report, Real Estate

TL;DR

<b>AvalonBay Communities Inc. filed its Q1 2024 10-Q report, detailing financial performance and operational status.</b>

AI Summary

AVALONBAY COMMUNITIES INC (AVB) filed a Quarterly Report (10-Q) with the SEC on May 3, 2024. Filed a 10-Q report for the period ending March 31, 2024. The company's fiscal year ends on December 31st. Incorporated in Maryland (MD). Business and mailing address located at 4040 Wilson Boulevard, Suite 1000, Arlington, VA 22203. Contact phone number is 703-329-6300.

Why It Matters

For investors and stakeholders tracking AVALONBAY COMMUNITIES INC, this filing contains several important signals. This filing provides investors with the latest quarterly financial data, including revenue, net income, and balance sheet information, crucial for assessing the company's current financial health and investment potential. As a Real Estate Investment Trust (REIT), AvalonBay's performance is closely tied to the real estate market, making this report essential for understanding its position within the sector and its ability to generate rental income and property value appreciation.

Risk Assessment

Risk Level: medium — AVALONBAY COMMUNITIES INC shows moderate risk based on this filing. The company operates in the real estate investment trust sector, which is sensitive to interest rate changes and economic downturns, as indicated by its SIC code 6798 (Real Estate Investment Trusts).

Analyst Insight

Investors should review the detailed financial statements and risk factors in the 10-Q to assess AvalonBay's performance and outlook in the current real estate market.

Key Numbers

2024-03-31 — Period End Date (Conformed period of report)
2024-05-03 — Filing Date (Filed as of date)
6798 — SIC Code (Standard Industrial Classification)
MD — State of Incorporation (State of incorporation)
1231 — Fiscal Year End (Fiscal year end)

Key Players & Entities

AVALONBAY COMMUNITIES INC (company) — Filer name
AVB (company) — Ticker symbol
2024-03-31 (date) — Period of report
2024-05-03 (date) — Filing date
4040 WILSON BOULEVARD (address) — Business street address
ARLINGTON (location) — Business city
VA (location) — Business state
703-329-6300 (phone) — Business phone

FAQ

When did AVALONBAY COMMUNITIES INC file this 10-Q?

AVALONBAY COMMUNITIES INC filed this Quarterly Report (10-Q) with the SEC on May 3, 2024.

What is a 10-Q filing?

A 10-Q is a quarterly financial report with unaudited financials, management discussion, and interim business updates. This particular 10-Q was filed by AVALONBAY COMMUNITIES INC (AVB).

Where can I read the original 10-Q filing from AVALONBAY COMMUNITIES INC?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by AVALONBAY COMMUNITIES INC.

What are the key takeaways from AVALONBAY COMMUNITIES INC's 10-Q?

AVALONBAY COMMUNITIES INC filed this 10-Q on May 3, 2024. Key takeaways: Filed a 10-Q report for the period ending March 31, 2024.. The company's fiscal year ends on December 31st.. Incorporated in Maryland (MD)..

Is AVALONBAY COMMUNITIES INC a risky investment based on this filing?

Based on this 10-Q, AVALONBAY COMMUNITIES INC presents a moderate-risk profile. The company operates in the real estate investment trust sector, which is sensitive to interest rate changes and economic downturns, as indicated by its SIC code 6798 (Real Estate Investment Trusts).

What should investors do after reading AVALONBAY COMMUNITIES INC's 10-Q?

Investors should review the detailed financial statements and risk factors in the 10-Q to assess AvalonBay's performance and outlook in the current real estate market. The overall sentiment from this filing is neutral.

Risk Factors

Market Risks [medium — market]: The company's operations are subject to various market risks, including changes in economic conditions, interest rates, and the supply and demand for rental housing.
Financial Risks [medium — financial]: Risks related to the company's financial structure, including its ability to access capital markets and manage debt levels.
Operational Risks [medium — operational]: Risks associated with the day-to-day management of properties, including tenant relations, property maintenance, and regulatory compliance.

Key Dates

2024-03-31: Quarter End — End of the reporting period for the 10-Q filing.
2024-05-03: Filing Date — Date the 10-Q report was officially filed with the SEC.

From the Filing

0000915912-24-000011.txt : 20240503 0000915912-24-000011.hdr.sgml : 20240503 20240503143101 ACCESSION NUMBER: 0000915912-24-000011 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 68 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240503 DATE AS OF CHANGE: 20240503 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AVALONBAY COMMUNITIES INC CENTRAL INDEX KEY: 0000915912 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 770404318 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-12672 FILM NUMBER: 24912400 BUSINESS ADDRESS: STREET 1: 4040 WILSON BOULEVARD STREET 2: STE 1000 CITY: ARLINGTON STATE: VA ZIP: 22203 BUSINESS PHONE: 7033296300 MAIL ADDRESS: STREET 1: 4040 WILSON BOULEVARD STREET 2: STE 1000 CITY: ARLINGTON STATE: VA ZIP: 22203 FORMER COMPANY: FORMER CONFORMED NAME: AVALON BAY COMMUNITIES INC DATE OF NAME CHANGE: 19980618 FORMER COMPANY: FORMER CONFORMED NAME: BAY APARTMENT COMMUNITIES INC DATE OF NAME CHANGE: 19931208 10-Q 1 avb-20240331.htm 10-Q avb-20240331 0000915912 12/31 2024 Q1 FALSE http://avalonbay.com/20240331#LeaseRightOfUseAsset http://avalonbay.com/20240331#LeaseRightOfUseAsset http://avalonbay.com/20240331#LeaseLiability http://avalonbay.com/20240331#LeaseLiability http://avalonbay.com/20240331#LeaseRightOfUseAsset http://avalonbay.com/20240331#LeaseRightOfUseAsset http://avalonbay.com/20240331#LeaseLiability http://avalonbay.com/20240331#LeaseLiability 216 0000915912 2024-01-01 2024-03-31 0000915912 2024-04-30 xbrli:shares 0000915912 2024-03-31 iso4217:USD 0000915912 2023-12-31 iso4217:USD xbrli:shares 0000915912 2023-01-01 2023-03-31 0000915912 us-gaap:CommonStockMember 2023-12-31 0000915912 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0000915912 us-gaap:RetainedEarningsMember 2023-12-31 0000915912 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0000915912 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0000915912 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0000915912 us-gaap:CommonStockMember 2024-01-01 2024-03-31 0000915912 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0000915912 us-gaap:CommonStockMember 2024-03-31 0000915912 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0000915912 us-gaap:RetainedEarningsMember 2024-03-31 0000915912 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0000915912 us-gaap:CommonStockMember 2022-12-31 0000915912 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0000915912 us-gaap:RetainedEarningsMember 2022-12-31 0000915912 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0000915912 2022-12-31 0000915912 us-gaap:RetainedEarningsMember 2023-01-01 2023-03-31 0000915912 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-03-31 0000915912 us-gaap:CommonStockMember 2023-01-01 2023-03-31 0000915912 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-03-31 0000915912 us-gaap:CommonStockMember 2023-03-31 0000915912 us-gaap:AdditionalPaidInCapitalMember 2023-03-31 0000915912 us-gaap:RetainedEarningsMember 2023-03-31 0000915912 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-03-31 0000915912 2023-03-31 0000915912 avb:RestrictedStockAndCommonStockConvertedFromPerformanceSharesMember 2024-01-01 2024-03-31 0000915912 us-gaap:PerformanceSharesMember 2024-01-01 2024-03-31 0000915912 us-gaap:RestrictedStockMember 2024-01-01 2024-03-31 0000915912 avb:RestrictedStockAndCommonStockConvertedFromPerformanceSharesMember 2023-01-01 2023-03-31 0000915912 us-gaap:PerformanceSharesMember 2023-01-01 2023-03-31 0000915912 us-gaap:RestrictedStockMember 2023-01-01 2023-03-31 avb:community avb:home avb:state 0000915912 us-gaap:OperatingSegmentsMember avb:ManagementDevelopmentAndOtherMember avb:EstablishedCommunitiesMember us-gaap:SegmentContinuingOperationsMember 2024-01-01 2024-03-31 0000915912 us-gaap:OperatingSegmentsMember avb:Ma