Summary
AvalonBay Communities, Inc. (AVB) filed its 2006 10-K report on March 1, 2007, detailing its performance and financial position as a real estate investment trust (REIT) primarily focused on developing, acquiring, and managing apartment communities. The filing indicates a robust market presence, with significant market capitalization for its common stock. Investors should note the company's strategy revolves around owning and operating a portfolio of high-quality apartment homes in desirable locations, suggesting a focus on stable rental income and long-term property appreciation. The report covers the fiscal year ending December 31, 2006, and includes information on the company's business operations, risk factors, financial condition, and results of operations. As a large accelerated filer, AVB's filings are subject to rigorous reporting requirements, providing a comprehensive view for stakeholders. Key areas for investor focus include the company's portfolio, development pipeline, financial health, and strategies to navigate the real estate market.
Key Highlights
- 1AvalonBay Communities, Inc. (AVB) is a publicly traded Real Estate Investment Trust (REIT) focused on apartment communities.
- 2The company is registered in Maryland and its common stock is listed on the New York Stock Exchange.
- 3As of January 31, 2007, AVB had approximately 79.3 million shares of common stock outstanding.
- 4The aggregate market value of AVB's common stock held by non-affiliates as of June 30, 2006, was over $8.2 billion.
- 5The 10-K report covers the fiscal year ended December 31, 2006, and includes detailed business operations, risk factors, and financial statements.
- 6AVB is classified as a large accelerated filer, indicating substantial public float and adherence to SEC filing requirements.
- 7The company's principal executive offices are located in Alexandria, Virginia.