AVB
AVALONBAY COMMUNITIES INCEvidence as of 2026-09-02The desk's Snapshot
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Overview · AVALONBAY COMMUNITIES INC
As of December 31, 2022, the Company owned or held a direct or indirect ownership interest in 294 apartment communities containing 88,475 apartment homes in 12 states and the District of Columbia, of which 18 communities were under development and one community was under redevelopment. The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading me…
Management team
- Ms. Alaine S. Walsh · Executive Vice President of Human Capital & AdministrationFind on LinkedIn
- Mr. Kevin P. O'Shea · Executive VP & CFOFind on LinkedIn
- Mr. Ronald S. Ladell · Senior Vice President of Development - New JerseyFind on LinkedIn
- Mr. David Alagno · Senior Vice President of Human ResourcesFind on LinkedIn
Start free to see the full management team.
Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it, not a rating or a recommendation.
−0.0 on a −2 to +2 scale (was −0.1 before the debate changed the read).
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled. The rest of the page is the evidence behind it.
Mixed evidence (-0.0 of a possible +2; confidence high). The surviving filings and financials record steady reported revenues of 745,880,000 USD in the quarter ended 31 March 2025 (Q1 2025), then 760,195,000 USD for the quarter ended 30 June 2025 (Q2 2025), 766,796,000 USD for the quarter ended 30 September 2025 (Q3 2025), 770,279,000 USD for the quarter ended 31 March 2026 (Q1 2026) and 777,768,000 USD for the fiscal quarter ended 2026-07-24 (Q2 2026). Operating income and net income show quarter-to-quarter variation — operating income ranged from 480,591,000 USD to 529,244,000 USD across those periods, while net income ranged from 155,720,000 USD to 372,519,000 USD; diluted EPS moved from 1.66 USD to 2.61 USD and then down to 1.11 USD in Q2 2026.
The record also documents capital structure and corporate actions: entity common shares outstanding moved between 142,254,778 and 142,797,963 over the sample dates, with share repurchases of 198,480,000 USD in the quarter ended 31 March 2026 and none in the quarter ended 31 March 2025. Long‑term debt rose to 9,320,852,000 USD by 31 March 2026 and was 9,024,780,000 USD as of 30 June 2026. Free cash flow (TTM) is 1,635,943,000 USD, EPS (TTM) is 8.00 USD, and computed FCF per share (TTM) is 11.5341 USD. The 8‑K filed 17 August 2026 documents merger mechanics: each AvalonBay common share was converted into the right to receive 2.793 Vivmark common shares, with cash paid for fractional shares and detailed conversion rules for time‑vesting and performance awards.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else (no outside knowledge, no browsing), so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC (revenue, margins, income, debt and share count, quarter by quarter) and reports which way the trend is running.
Reported revenues were 745,880,000 USD for the quarter ended 31 March 2025 and 760,195,000 USD for the quarter ended 30 June 2025, 766,796,000 USD for the quarter ended 30 September 2025, 770,279,000 USD for the quarter ended 31 March 2026, and 777,768,000 USD for the quarter ended 30 June 2026.
XBRL companyfacts · 0000915912-25-000012Operating income was 510,585,000 USD for the quarter ended 31 March 2025, 513,657,000 USD for the quarter ended 30 June 2025, 480,591,000 USD for the quarter ended 30 September 2025, 517,493,000 USD for the quarter ended 31 March 2026 and 529,244,000 USD for the quarter ended 30 June 2026.
XBRL companyfacts · 0000915912-25-000012Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full: its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet; its risk analysis fills in once that lands.
The 8-K filed 17 August 2026 states that at the effective time of the Merger, each share of AvalonBay common stock issued and outstanding immediately prior to the Effective Time was cancelled and converted into the right to receive 2.793 Vivmark common shares (the Exchange Ratio), plus cash in lieu of fractional Vivmark common shares.
Current report · filed 2026-08-17The 8-K filed 17 August 2026 describes that at the Effective Time, AvalonBay time‑vesting restricted share awards were converted into Vivmark time‑vesting restricted share awards, with the number of Vivmark shares equal to the product of the original AvalonBay shares and the Exchange Ratio, rounded to the nearest whole share, and subject to the original plan and award terms (including vesting schedule, retirement provisions and double‑trigger vesting acceleration entitlements).
Current report · filed 2026-08-17Reads the signal panel above (momentum, volatility, drawdown, relative strength and beta) and ranks each against the whole research universe rather than judging it in isolation.
Three-month momentum is -100.0% and six-month momentum is -100.0%, with the six-month momentum ranked in the 1th percentile of the 547-stock research universe as of 2026-09-01.
Moneyta signal set · 2026-09-01weakened in debateMaximum drawdown over the past three years is -100.0%, the drawdown from the three-year high is -100.0%, and the three-year drawdown is ranked in the 1th percentile of 547 as of 2026-09-01.
Moneyta signal set · 2026-09-01weakened in debateReads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
As of 2026-09-01, AVB appears as a constituent in large-cap S&P 500 ETFs VOO and IVV with fund weights of 0.06% and 0.04%, respectively.
ETF constituents · market dataThe latest reported 13F quarter (as of 2025-03-31) shows one institutional holder, Advisors Asset Management, Inc., with a reported holding value of "$116,968" and a quarter-over-quarter reported value change of -55.3%.
13F holdings · 1 filers · as of 2025-03-31weakened in debateReads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
A UBS Asset Management Americas unit increased its position in AvalonBay by 10.8% during the second quarter, purchasing 188,306 shares according to a 13F-derived report.
News · thelincolnianonline.com · 2026-08-31Multiple institutional investors were reported to have established new stakes in AvalonBay during the second quarter (examples include Corient Private Wealth LP and RB Capital Management LLC), as reported from filings-based summaries.
News · thelincolnianonline.com · 2026-08-31Reads parsed Forms 3/4/5: who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
Multiple named executive officers reported open-market purchases on 17 August 2026 (fiscal trade date): Benjamin Schall (CEO & President) purchased "78257" shares.
Form 4 · Schall Benjamin (CEO & President) · $0 code A · 2026-08-17Other senior officers reported purchases on 17 August 2026 (fiscal trade date): Matthew H. Birenbaum (Chief Investment Officer) purchased "27735" shares, Sean J. Breslin (Chief Operating Officer) purchased "27735" shares, Kevin P. O'Shea (Chief Financial Officer) purchased "24467" shares, Edward M. Schulman (EVP-General Counsel) purchased "12770" shares, Pamela Rogers Thomas (Executive Vice President) purchased "13561" shares, Sean Thomas Willson (Senior Vice President) purchased "1430" shares, and Alaine Susan Walsh (Executive Vice President) purchased "3590" shares.
Form 4 · Birenbaum Matthew H. (Chief Investment Officer) · $0 code A · 2026-08-17Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
Free cash flow for the trailing twelve months was $1,635,943,000.
Valuation inputs · SEC XBRL + stored EOD closeEarnings per share for the trailing twelve months were $8.00.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score. The argument is shown, not hidden, so you can judge the reasoning yourself.
Several company-level items support a favorable read: quarterly revenue and operating income show overall stability and modest upward movement (fundamentals-0, fundamentals-1), trailing twelve‑month free cash flow and FCF/share are material (valuation-0, valuation-2), and the company executed meaningful share repurchases in 1Q2026 with a declining share count across most reporting dates (fundamentals-4). Corporate transactional evidence (filings-0, filings-1, filings-2) explains extreme market signals: the merger into Vivmark and the 2.793 exchange ratio, conversion of awards, and cash‑in‑lieu mechanics would naturally produce index removal and a technical cessation of legacy trading, which can create 100% momentum and drawdown readings and spiked volatility metrics (market-0, market-1, market-2) without reflecting underlying operating performance. Insider open‑market purchases by named executives on 17 August 2026 (insider-0, insider-1) and reported new/increased institutional positions (news-0, news-1, news-2) add corroborating behavioral signals that some market participants are taking positions post-transaction. Regarding the bear points about recent net income and EPS decline and elevated long‑term debt (fundamentals-2, fundamentals-3, fundamentals-5), these items are present in the dataset but can be weighed alongside strong FCF and the structural corporate event; the merger documentation and related share conversion (filings-0 through filings-3) provide context that market‑level distress signals are at least partly transactional rather than purely operational.
Chair's verdict, claim by claim
Fragility · computed, not argued
diversified0.29
35 surviving claims rest on 19 distinct sources; the heaviest analyst carries 17% of them, and 93% of what the desk raised survived the debate.
The read is moderately robust: 35 surviving claims draw on a fair number of distinct sources (19), so conclusions aren’t coming from a single document, and no single analyst dominates the set. That said, the very high survival rate through debate (93%) can signal strong consensus but also raises the risk that contrary viewpoints were underweighted; because several key claims rest on filings and a small cluster of computed market signals, treat the overall read as informative but not definitive without fresh filings or market confirmations.
Peer context · computed, not argued
12-1 momentum ranks 4th of 4 in REIT—Residential (as of 2026-09-01).
6-month relative strength ranks 3rd of 4 in REIT—Residential (as of 2026-09-01).
90-day volatility ranks 2nd of 4 in REIT—Residential (as of 2026-09-01).
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment. When the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here (no outside knowledge, no browsing), and each card shows who read it and what it contributed to the score.
17 filings· 1 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data, not retyped or estimated.
Read by Mercer−0.5 to the score
11 documents· 1 cited
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes+0.8 to the score
1 signal set
Moneyta signal set
Computed from our own end-of-day price history and ranked against the whole research universe. No AI involved.
Read by Nash−0.6 to the score
3 holdings records· 2 cited
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.2 to the score
8 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
19 filings· 2 cited
Insider filings
Parsed Forms 3/4/5 from EDGAR: named insiders, share counts, prices, and 10b5-1 plan state, with stated and inferred flags kept apart.
Read by Talbot+0.0 to the score
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only; it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal; the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
The full terminal on AVB Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
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