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Profile - AvalonBay Communities (NYSE:AVB)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | Research | SEC | Msgs | Insider | Financials | Reports
Recent Events
Aug 23Price hit new 52-week high ($51.90)
Location
2900 Eisenhower Avenue
Suite 300, Third Floor
Alexandria, VA 22314
Phone: (703) 329-6300
Fax: (703) 329-1459
Email: investments@avalonbay.com
Employees (last reported count): 1,681
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Analyst Upgrade/Downgrade History
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Services
 ·Industry: Real Estate Operations
Company Websites
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 ·Investor Relations
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Ownership
·Insider and 5%+ Owners: 36%
·Over the last 6 months:
 · one insider buy; 3,000  shares
 · 6 insider sells; 32.0K shares
  (0.1% of insider shares)
·Institutional: 94% (146% of float)
(386 institutions)
·Net Inst. Selling: 266.0K shares
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
AvalonBay Communities, Inc. is a real estate investment trust (REIT). The Company focuses on the ownership and operation of upscale apartment communities in high barrier-to-entry markets of the United States. Its markets are located in Northern and Southern California and selected states in the Mid-Atlantic, Northeast, Midwest and Pacific Northwest regions of the United States. As of March 1, 2001, the Company owned or held a direct or indirect ownership interest in 126 operating apartment communities containing 37,256 apartment homes in 12 states and the District of Columbia, of which four communities containing 2,211 apartment homes were under redevelopment.
More from Market Guide: Expanded Business Description

Financial Summary
AVB is engaged in apartment community acquisition, development, construction, marketing, leasing and management in California and parts of the Mid-Atlantic, Northeast Midwest and Pacific Northwest. For the six months ended 6/30/01, revenues rose 16% to $318.1 million. Net income applicable to Common rose 4% to $80.8 million. Results reflect higher sales from newly developed and redeveloped communities, partially offset by higher property operating expenses and taxes.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY1999 Pay

Richard Michaux, 56
Chairman
$816K
Bryce Blair, 42
Pres, CEO
671K
Timothy Naughton, 39
COO, Chief Investment Officer
--  
Samuel Fuller, 39
Exec. VP, Devel./Construction
--  
Thomas Sargeant, 41
Sr. VP--CFO and Treasurer
580K
Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc..
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NYSE:AVBAs of 31-Aug-2001
Price and Volume
52-Week Low
on 12-Apr-2001
$42.45 
Recent Price$50.49 
52-Week High
on 23-Aug-2001
$51.90 
Beta0.24 
Daily Volume (3-month avg)227.0K
Daily Volume (10-day avg)160.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y]
52-Week Change+13.2%
52-Week Change
relative to S&P500
+51.9%
Share-Related Items
Market Capitalization$3.44B
Shares Outstanding68.1M
Float43.6M
Dividends & Splits
Annual Dividend (indicated)$2.56 
Dividend Yield5.07%
Last Splitnone 
Per-Share Data
Book Value (mrq)$34.52 
Earnings (ttm)$2.54 
Earnings (mrq)$0.57 
Sales (ttm)$8.93 
Cash (mrq)$0.21 
Valuation Ratios
Price/Book (mrq)1.46 
Price/Earnings (ttm)19.88 
Price/Sales (ttm)5.65 
Income Statements
Sales (ttm)$616.5M
EBITDA (ttm)$397.2M
Income available to common (ttm)$173.7M
Profitability
Profit Margin (ttm)34.6%
Operating Margin (ttm)29.2%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)4.86%
Return on Equity (ttm)7.21%
Financial Strength
Current RatioN/A 
Debt/Equity (mrq)0.81 
Total Cash (mrq)$14.2M
Short Interest
As of 8-Aug-2001
Shares Short839.0K
Percent of Float1.9%
Shares Short
(Prior Month)
773.0K
Short Ratio4.77 
Daily Volume176.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   B = billions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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