AvalonBay Communities, Inc. – Company Information

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AvalonBay Communities, Inc. is a real estate investment trust (a “REIT”) that focuses on the development, acquisition and management of high-quality apartment communities in high barrier-to-entry markets.

It also has holding future development rights for other communities.

The company is based in Arlington, Virginia, USA.

AvalonBay Communities has operations in the Northeast, Mid-Atlantic, Pacific Northwest, Northern California and Southern California regions of the country.

As of January 31, 2015, the company has a direct or indirect ownership interest in 252 apartment communities.

It was incorporated under the laws of the State of California in 1978 and reincorporated in the State of Maryland in June 1995.

The company has regional offices and administrative or specialty offices in: Long Island, NY; San Jose, CA; San Francisco, CA; Boston, MA; Los Angeles, CA; New York, NY; Newport Beach, CA; Woodbridge, NJ; Fairfield, CT; Virginia Beach, VA; and Seattle, WA.

AvalonBay Communities, Inc.’s is publicly listed on the New York Stock Exchange (NYSE) and under the stock ticker symbol ‘AVB’.

Overview

AvalonBay Communities Inc logo


AvalonBay Communities, Inc. Financial Results, Years Ended December 31

Operating data (in $ thousands) 2014 2013
Total revenue $1,685,061 $1,462,921
Total expenses $1,250,726 $1,394,180
Income from continuing operations $659,148 $57,827
Income from discontinued operations $310 $16,713
Gain on sale of communities $38,179 $278,231
Net income $697,327 $352,771
Net income attributable to common stockholders $683,567 $353,141
Balance sheet data (in $ thousands)
Total assets $16,176,723 $15,328,143
Total liabilities $7,117,553 $7,711,096
Total stockholders’ equity $9,046,405 $8,596,132
Common share data (in $)
Basic earnings per share $5.22 $2.78
Diluted earnings per share $5.21 $2.78
Cash flow data (in $ thousands)
Cash provided by operating activities $886,641 $724,315
Cash (used in) investing activities $(816,760) $(1,181,174)
Cash (used in) provided by financing activities $158,224 $(1,995,404)
Cash and cash equivalents at beginning of fiscal year $281,541 $2,733,618
Cash and cash equivalents at end of fiscal year $509,460 $281,541

Source: “AvalonBay Communities, Inc. Form 10-K 2014”


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