10-KPeriod: FY2007

AVALONBAY COMMUNITIES INC Annual Report, Year Ended Dec 31, 2007

Filed February 29, 2008For Securities:AVB

Summary

AvalonBay Communities, Inc. (AVB) filed its 2007 Form 10-K on February 29, 2008, providing a comprehensive overview of its operations and financial standing. As a real estate investment trust (REIT) specializing in apartment buildings, AVB's performance is closely tied to the health of the rental housing market. The filing details the company's portfolio of apartment communities, its development pipeline, and its strategies for growth and value creation. Investors should pay close attention to AVB's geographic diversification, property occupancy rates, rental growth trends, and its approach to managing debt and capital. The company's focus on high-barrier-to-entry markets suggests a strategy aimed at sustained occupancy and rent growth, even amidst potential economic fluctuations.

Financial Highlights

19 data points
Beta

Revenue

$727.79M

Net Income

$358.16M

49.2% Net Margin

EPS (Diluted)

$4.38

Cash & Equivalents

$20.27M

Free Cash Flow

$454.87M

Financial Statements
Beta
Revenue$727.79M
Operating Expenses$568.14M
Net Income$358.16M
EPS (Basic)$4.43
EPS (Diluted)$4.38

Key Highlights

  • 1AVB operates a portfolio of apartment communities primarily in key urban and suburban markets across the United States.
  • 2The company is involved in the development, redevelopment, acquisition, and management of apartment homes.
  • 3AVB's strategy focuses on high-barrier-to-entry markets which generally offer stronger rent growth and occupancy potential.
  • 4The filing indicates AVB's common stock is traded on the New York Stock Exchange, providing liquidity for investors.
  • 5Management's Discussion and Analysis (MD&A) and Financial Statements are key sections for understanding operational performance and financial condition.
  • 6The company's aggregate market value of non-affiliate common stock as of June 30, 2007, was over $9.28 billion, indicating significant market capitalization.

Frequently Asked Questions

AvalonBay Communities, Inc. is a real estate investment trust (REIT) that owns, develops, redevelops, acquires, and manages apartment communities, primarily in the United States. Their business model focuses on providing high-quality rental housing in desirable locations.

While the specific content of the 'Risk Factors' section (Item 1a) is not detailed in the provided text, typical risks for a REIT like AVB include changes in economic conditions affecting rental demand, interest rate fluctuations impacting borrowing costs and property values, competition from other housing providers, and potential challenges in property development and management.

The 'Management's Discussion and Analysis of Financial Condition and Results of Operations' (Item 7) section would provide details on AVB's financial management. Generally, REITs manage their financial condition through effective leasing, capital allocation for property acquisitions and development, and managing debt levels and costs.

AvalonBay Communities, Inc.'s common stock is traded on the New York Stock Exchange. As of January 31, 2008, there were 76,845,045 shares outstanding, and the aggregate market value of its common stock held by non-affiliates as of June 30, 2007, was approximately $9.28 billion.