Summary
AvalonBay Communities, Inc. (AVB) filed its 2004 10-K on March 15, 2005, providing investors with a comprehensive overview of its operations, financial condition, and strategic direction. The company is a leading owner, developer, and operator of apartment communities in high-growth markets across the United States. As of December 31, 2004, AVB reported significant market capitalization and a substantial number of outstanding common shares, indicating a well-established presence in the public market. This filing is crucial for understanding AVB's performance in the fiscal year ended December 31, 2004. Investors should pay close attention to the Management's Discussion and Analysis (MD&A) and the financial statements for in-depth insights into revenue generation, operating expenses, profitability, and the company's balance sheet. The report also outlines AVB's portfolio of apartment communities, strategic growth initiatives, and risk management practices, all of which are vital for assessing the company's long-term value and investment potential.
Key Highlights
- 1AvalonBay Communities, Inc. (AVB) filed its 10-K for the fiscal year ended December 31, 2004.
- 2The company is engaged in the ownership, development, and management of apartment communities.
- 3As of February 28, 2005, AVB had 72,725,148 shares of common stock outstanding.
- 4The aggregate market value of AVB's common stock held by nonaffiliates as of June 30, 2004, was approximately $4.06 billion.
- 5The filing includes standard sections such as Business, Communities, Legal Proceedings, Financial Data, and Management's Discussion and Analysis.
- 6Key financial information and operational details are contained within Part II of the report, including Item 6 (Selected Financial Data) and Item 7 (MD&A).