# AvalonBay Communities, Inc. (VMRK)

> Source: Nexqual · https://nexqual.com/VMRK · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, AvalonBay Communities, Inc. (VMRK), nexqual.com/VMRK" · informational, not investment advice.

**Price:** USD 63.57 (+2.55% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 61.99 · day 61.95–63.72 · 52w 57.57–71.5 · market cap $49.2B · NYQ

## Key facts
- Valuation: P/E 56.2x (avg 25.9x at the last 3 fiscal year-ends).
- 2 of 80 tracked superinvestors hold VMRK (13F, Q2 2026): 0 new, 1 added, 1 reduced, 0 unchanged.
- Analysts: Hold (mean 2.50 on a 1–5 scale) (22 analysts), mean target USD 71.62 (range 63–80).
- Total return with dividends: 1Y +5.0% vs S&P 500 +14.9%; 5Y -9.0% vs S&P 500 +80.3%.
- Next earnings: 2026-11-04, EPS estimate USD 0.2, revenue estimate $1.33B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Operating income | $1.68B | $1.12B | $1.16B | — | — | — |
| Net income | $1.33B | $777M | $835M | $1.04B | $1.12B | $875M |
| EPS (diluted) | $3.54 | $2.05 | $2.20 | $2.72 | $2.94 | — |
| Cash + short-term investments | $124M | $53.9M | $50.7M | $62.3M | $55.9M | — |
| Total debt | $9.42B | $8.99B | $7.87B | $8.74B | $8.83B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 56.2x · P/B 4.7x · Earnings yield 1.78% · Dividend yield (paid, TTM) 2.14%
P/E at fiscal year-ends: Dec 2025 22.0x, Dec 2024 27.1x, Dec 2023 28.6x.

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold VMRK. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| First Eagle Investment | First Eagle Investment Management | 1.08% | $647M | Added +0.6% |
| Christopher Davis | Davis Advisors | 0.03% | $6.2M | Reduced -13.2% |

## Analysts
Consensus Hold (mean 2.50 on a 1–5 scale), 22 analysts; mean target USD 71.62 (low 63, high 80).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-19 | Wells Fargo | Target lowered | Overweight | $72 → $68 |
| 2026-10-14 | UBS | Target lowered | Buy | $75 → $71 |
| 2026-10-14 | Barclays | Target lowered | Equal-Weight | $75 → $74 |
| 2026-10-13 | RBC Capital | Target lowered | Sector Perform | $71 → $67 |
| 2026-10-12 | Piper Sandler | Target lowered | Neutral | $76 → $67 |
| 2026-09-21 | Evercore ISI Group | Target lowered | In-Line | $72 → $70 |
| 2026-09-17 | Scotiabank | Target lowered | Sector Perform | $70 → $66 |
| 2026-09-17 | BTIG | Reiterated | Neutral |  |
| 2026-09-15 | UBS | Initiated | Buy | $75 |
| 2026-09-08 | Mizuho | Upgrade | Neutral → Outperform | $70 → $73 |
| 2026-09-02 | Barclays | Target lowered | Equal-Weight | $76 → $75 |
| 2026-08-26 | Piper Sandler | Target raised | Neutral | $75 → $76 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +5.0% | -9.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +5.0% | -1.9% |
| Volatility (annualized) | 21.1% | 21.4% |
| Max drawdown | -14.8% (Jul 2026→Oct 2026) | -37.4% (Mar 2022→Oct 2023) |

## Peers (REIT - Residential)
ESS (Essex Property Trust, Inc.) USD 282.45 +3.04% · INVH (Invitation Homes Inc.) USD 27.53 +2.69% · SUI (Sun Communities, Inc.) USD 119.86 +2.92% · MAA (Mid-America Apartment Communiti) USD 121.17 +2.97% · UDR (UDR, Inc.) USD 36.18 +3.25% · AMH (American Homes 4 Rent) USD 31.9 +3.10%

## More
Full page: https://nexqual.com/VMRK · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.20 | $0.00 | — | $1.33B | 4 |
| Next quarter (ends 2026-12-31) | $0.44 | $0.00 | — | $1.59B | 6 |
| Current fiscal year (ends 2026-12-31) | $1.49 | $0.00 | — | $4.36B | 4 |
| Next fiscal year (ends 2027-12-31) | $1.47 | $0.00 | — | $6.50B | 7 |