AvalonBay Communities, Inc.
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 co…
REIT - Residential
US, Arlington [HQ]
Ratios
15 Sheets · Starting from 2023Margins, Growth Rates In %
| Ratio | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||||||||
| Gross Margin | 60.56 | 59.42 | 63.53 | 65.13 | 65.34 | 65.29 | 65.63 | 66.83 | 66.67 | 66.61 | 66.96 | 64.23 | 62.79 | 64.56 | 36.09 | |
| Profit Margin | 18.28 | 19.58 | 45.59 | 40.81 | 24.14 | 40.57 | 39.98 | 50.56 | 40.62 | 42.66 | 33.81 | 35.96 | 43.76 | 43.83 | 32.89 | |
| Operating Margin | 28.37 | 30.44 | 34.20 | 35.52 | 24.07 | 36.30 | 37.36 | 38.37 | 36.99 | 36.17 | 36.37 | 31.15 | 28.38 | 31.70 | 31.33 | |
|
EPS Growth
|
-62.84 | 7.22 | 135.10 | -11.25 | -35.95 | 87.77 | 6.13 | 35.92 | -15.54 | 10.85 | -20.00 | 4.43 | 22.07 | 13.07 | -19.31 | |
| EPS USD | 194.00 | 208.00 | 489.00 | 434.00 | 278.00 | 522.00 | 554.00 | 753.00 | 636.00 | 705.00 | 564.00 | 589.00 | 719.00 | 813.00 | 656.00 | |
| Return on Assets (ROA) | 2.09 | 2.24 | 5.21 | 3.80 | 2.30 | 4.23 | 4.38 | 5.79 | 4.76 | 5.30 | 4.11 | 4.31 | 5.05 | 5.56 | 4.49 | |
| Return on Equity (ROE) | 5.10 | 5.30 | 10.03 | 6.20 | 4.11 | 7.56 | 7.54 | 10.17 | 8.44 | 9.17 | 7.15 | 7.70 | 9.19 | 10.10 | 7.88 | |
| Return on Invested Capital (ROIC) | 1.50 | - - | 6.74 | 3.55 | 8.09 | 3.87 | 4.24 | 4.56 | 4.51 | 4.68 | 4.52 | 3.92 | 3.38 | 4.07 | 4.43 | |
| Solvency | ||||||||||||||||
| Equity Ratio | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | |
| Debt/Assets | 53.30 | 52.44 | 42.82 | 34.51 | 40.09 | 40.34 | 38.14 | 39.35 | 39.80 | 38.30 | 38.85 | 39.59 | 41.26 | 42.40 | 38.67 | |
| Debt/Equity | 130.32 | 123.90 | 82.52 | 56.30 | 71.46 | 72.14 | 65.62 | 69.12 | 70.56 | 66.21 | 67.59 | 70.70 | 75.11 | 77.08 | 67.87 | |
| Debt/EBITDA | 704.23 | 750.86 | 519.71 | 170.03 | 650.69 | 498.22 | 486.16 | 491.77 | 497.71 | 469.26 | 481.49 | 515.88 | 544.96 | 470.52 | 446.81 | |
|
Debt/Capitalization
|
56.58 | 55.34 | 45.21 | 36.02 | 41.68 | 41.91 | 39.62 | 40.87 | 41.37 | 39.84 | 40.33 | 41.42 | 42.89 | 43.53 | 40.43 | |
| Long-Term Debt/Capitalization | 35.22 | 55.34 | 27.01 | 36.02 | 41.68 | 41.91 | 39.62 | 40.87 | 41.37 | 39.84 | 39.90 | 41.30 | 42.57 | 42.49 | 39.43 | |
| Interest Debt per Share USD | 51.60 | 51.00 | 42.26 | 40.94 | 49.80 | 51.24 | 49.54 | 52.58 | 54.59 | 52.52 | 54.74 | 55.79 | 60.49 | 63.77 | 58.04 | |
| Debt Growth | 11.95 | 3.19 | -11.44 | 6.02 | 59.58 | 6.19 | -1.06 | 8.89 | 4.25 | -3.95 | 3.64 | 3.67 | 7.13 | 2.62 | -2.18 | |
| Liquidity | ||||||||||||||||
| Current Ratio | 81.80 | 123.03 | 34.46 | 397,790.23 | 46,532.49 | 69,978.17 | 96,818.26 | 44,807.92 | 37.07 | 38.67 | 174.94 | 385.97 | 931.09 | 116.99 | 76.45 | |
| Quick Ratio | 81.80 | 78.58 | 30.80 | 387,198.02 | 32,212.93 | 56,169.79 | 72,424.41 | 26,608.17 | 10.60 | 14.20 | -498.26 | 254.94 | 690.42 | 74.99 | 77.20 | |
| Cash Ratio | 81.80 | 78.58 | 30.80 | 387,198.02 | 32,212.93 | 56,169.79 | 72,424.41 | 26,608.17 | 10.60 | 14.20 | 42.90 | 231.02 | 656.38 | 93.03 | 76.45 | |
| Operating Cash Flow Ratio | - - | - - | - - | 76,600 | 82,800 | 97,700 | 191,000 | 141,500 | 100 | 200 | 1,400 | 1,200 | 1,800 | 200 | 200 | |
| Turnover | ||||||||||||||||
| Inventory Turnover | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | 167.78 | -1,024.42 | -1,575.83 | 2,825.26 | - - | |
| Receivables Turnover | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | -464.34 | 12,672.84 | 12,341.88 | -2,123.65 | - - | |
| Payables Turnover | 676.85 | 1,055.19 | 960.73 | 674.77 | 536.70 | 573.66 | 645.61 | 671.75 | 842.60 | 786.58 | 833.67 | 879.30 | 1,340.11 | 1,262.49 | 2,058.19 | |
|
Asset Turnover
|
11.42 | 11.45 | 11.42 | 9.31 | 9.54 | 10.42 | 10.96 | 11.45 | 11.72 | 12.43 | 12.16 | 11.99 | 11.53 | 12.68 | 13.66 | |
| Fixed Turnover | 12.46 | 12.87 | 13.05 | - - | - - | - - | - - | - - | - - | - - | 1,860.28 | 1,482.14 | 1,565.39 | 1,809.41 | 2,097.25 | |
| Coverage | ||||||||||||||||
| Interest Coverage | 160.73 | 155.54 | 196.98 | 269.44 | 204.24 | 338.64 | 394.88 | 418.52 | 399.92 | 373.99 | 415.33 | 334.77 | 295.48 | 357.33 | 432.44 | |
| Asset Coverage | 200 | 100 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | |
| Cash Flow Coverage (CFGR) | 9.52 | 8.10 | 11.82 | 14.04 | 11.79 | 13.59 | 16.37 | 16.26 | 17.14 | 18.48 | 17.79 | 16.04 | 14.65 | 16.39 | 19.58 | |
| EBITDA Coverage | 300 | 200 | 300 | 400 | 500 | 600 | 700 | 700 | 700 | 600 | 700 | 600 | 600 | 700 | 800 | |
| Dividend Coverage | - - | - - | -100 | -100 | - - | -100 | -100 | -100 | -100 | -100 | - - | - - | -100 | -100 | -100 | |
| Time Interest Earned (TIE) | 200 | 200 | 200 | 200 | 100 | 200 | 200 | 200 | 200 | 200 | 200 | 100 | 100 | 100 | 700 | |
| Market Prospects | ||||||||||||||||
| Dividend Yield | 4.32 | 3.16 | 2.71 | 2.77 | 3.51 | 2.78 | 2.66 | 2.99 | 3.14 | 3.35 | 2.87 | 3.93 | 2.52 | 3.94 | 3.49 | |
| Earnings Yield | 2.37 | 1.86 | 3.76 | 3.21 | 2.36 | 3.20 | 3.01 | 4.25 | 3.56 | 4.05 | 2.69 | 3.68 | 2.85 | 5.04 | 3.51 | |
|
Price/Earnings (P/E)
|
4,217.75 | 5,383.21 | 2,659.26 | 3,116.22 | 4,247.07 | 3,128.32 | 3,322.25 | 2,351.86 | 2,805.81 | 2,469.10 | 3,719.77 | 2,715.63 | 3,505.77 | 1,984.01 | 2,848.28 | |
| Price/Earnings Growth (PEG) | -67.12 | 745.96 | 19.68 | -277.06 | -118.16 | 35.64 | 541.94 | 65.47 | -180.58 | 227.59 | -185.99 | 612.65 | 158.84 | 151.76 | -147.49 | |
|
Price/Book (P/B)
|
215.23 | 285.10 | 266.79 | 193.09 | 174.40 | 236.38 | 250.52 | 239.08 | 236.86 | 226.30 | 266.02 | 209.03 | 322.03 | 200.41 | 224.52 | |
| Price/Tangible Book (P/TB) | 215.23 | 285.10 | 266.79 | 193.09 | 174.40 | 236.38 | 250.52 | 239.08 | 236.86 | 226.30 | 266.02 | 209.03 | 322.03 | 200.41 | 224.52 | |
| Price/Sales (P/S) | 770.90 | 1,054.26 | 1,212.32 | 1,271.70 | 1,025.22 | 1,269.05 | 1,328.23 | 1,189.01 | 1,139.83 | 1,053.26 | 1,257.68 | 976.66 | 1,534.23 | 869.64 | 936.66 | |
|
Price/Cash Flow (P/CF)
|
1,733.97 | 2,841.99 | 2,735.01 | 2,442.35 | 2,070.14 | 2,411.82 | 2,332.84 | 2,126.68 | 1,958.57 | 1,849.34 | 2,211.86 | 1,842.83 | 2,926.30 | 1,586.13 | 1,689.91 | |
| Price/Free CF (P/FCF) | -3,152.47 | -7,253.14 | -4,531.22 | 2,568.33 | 2,149.08 | 2,564.62 | 2,463.05 | 2,271.39 | 2,081.15 | 1,981.75 | 2,475.75 | 2,076.10 | 3,353.39 | 1,808.31 | 1,933.57 | |
| Price/Operating CF (P/OCF) | 1,733.97 | 2,841.99 | 2,735.01 | 2,442.35 | 2,070.14 | 2,411.82 | 2,332.84 | 2,126.68 | 1,958.57 | 1,849.34 | 2,211.86 | 1,842.83 | 2,926.30 | 1,586.13 | 1,689.91 |