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AvalonBay Communities, Inc. (AVB) logo

AvalonBay Communities, Inc.

S&P 500
AVB|Real Estate|REIT - Residential|$184.08|P/E 22.8|MCap 25.6B|NYSE

Last update: May 9, 2026 at 09:32

Dividend Safety Rating

71/ 100Safe

AVB's dividend appears safe and well-supported. Strengths include a 87.1% earnings payout ratio & 49.7% cfo payout ratio. Areas of concern: 0.2x current ratio & 1.9% 5-year dividend cagr. As a REIT, higher payout ratios are normal since they are required to distribute most taxable income.

Based on 15 of 15 metrics

Strengths

  • Debt-to-Equity: 79.9Conservative debt level relative to equity.
  • Operating Margin: 29.5%Healthy operating margin provides a wide buffer.
  • Gross Margin: 63.3%High gross margin signals strong pricing power.

Risks

  • Current Ratio: 0.2xLimited short-term liquidity to meet obligations.
  • 5-Year Dividend CAGR: 1.9%Dividend growth has been weak or negative.

Payout & Coverage

Safe
Earnings Payout Ratio
87.1%Safe
FCF Payout Ratio
70.6%Caution
CFO Payout Ratio
49.7%Safe
Interest Coverage
5.1xSafe

Balance Sheet

Caution
Net Debt / Total Assets
41.9%Caution
Current Ratio
0.2xDanger
Debt-to-Equity
79.9Very Safe

Profitability

Safe
Return on Equity
9.7%Caution
Operating Margin
29.5%Very Safe
Gross Margin
63.3%Very Safe
Profit Margin Stability
StableSafe

Dividend Track Record

Safe
Dividend Streak
11+ yrsVery Safe
Dividend Cut
NoneVery Safe
5-Year Dividend CAGR
1.9%Warning
Earnings Stability
GrowingVery Safe

About AvalonBay Communities, Inc.

AvalonBay Communities, Inc. is a leading equity Real Estate Investment Trust (REIT) specializing in the development, redevelopment, acquisition, and management of multifamily communities. The company owns a substantial portfolio of high-quality apartment properties containing tens of thousands of units, concentrated in prime markets including New England, the New York/New Jersey metro area, the Mid-Atlantic region, the Pacific Northwest, Northern California, and Southern California. AvalonBay focuses on large-scale, modern communities in major metropolitan areas, delivering well-managed residential housing options to meet urban and suburban renter demands. Its operations encompass the full lifecycle of multifamily real estate, from ground-up development and property enhancements to strategic acquisitions and ongoing property management. Headquartered in Arlington, Virginia, AvalonBay Communities plays a vital role in the residential REIT sector by providing stable, income-generating real estate investments tied to the performance of high-demand apartment markets across key U.S. regions.

Dividend Overview

Dividend Yield

3.82%

Annual Dividend

$7.03

Frequency

Quarterly

Payout Ratio

87.11%

FCF Payout Ratio

70.57%

Stock Price

$184.08

52-Week Range

$160.10 $209.86

Dividend History (2016–2025)

AVB annual dividend per share and yield history

Earnings & Profitability

AVB earnings per share and net profit margin

Key Dates

Last Ex-Dividend Date

March 31, 2026

Last Payment Date

April 15, 2026

Dividend Growth

3-Year Dividend CAGR

3.25%

5-Year Dividend CAGR

1.94%

10-Year Dividend CAGR

3.42%

3-Year Total Growth

10.06%

5-Year Total Growth

10.06%

10-Year Total Growth

40.00%

Income Calculator

AVB Dividend Calculator

Total Investment

$18,408.00

Annual Income

$703.00

Quarterly Income

$175.75

Monthly Income

$58.58

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Frequently Asked Questions

What is AVB's current dividend yield?
AvalonBay Communities, Inc. (AVB) currently has a dividend yield of 3.82%, based on a stock price of $184.08 and an annual dividend of $7.03.
When is AVB's next dividend payment date?
AVB's next ex-dividend date is 2026-03-31 and the next payment date is 2026-04-15. You must own the stock before the ex-dividend date to receive the upcoming payment.
How much does AVB pay in dividends per year?
AvalonBay Communities, Inc. paid $7.00 per share in annual dividends in 2025. The dividends are paid quarterly.
Has AVB been increasing its dividend?
AvalonBay Communities, Inc. has grown its dividend at a 5-year CAGR of 1.94% and a 10-year CAGR of 3.42%.
Is AVB's dividend safe?
AvalonBay Communities, Inc. has a payout ratio of 87.11%. Its free cash flow payout ratio is 70.57%. The payout ratio is moderate. Monitor earnings to ensure sustainability.
How is AVB's Dividend Safety Rating calculated?
The Dividend Safety Rating evaluates AvalonBay Communities, Inc.'s dividend sustainability across four categories: Payout & Coverage (30%), Balance Sheet (20%), Profitability (20%), and Dividend Track Record (30%). Each metric is rated from "Very Safe" to "Danger" based on industry-standard thresholds, with sector-specific adjustments for real estate companies. The overall score ranges from 0 to 100.

Want to understand how we rate dividend safety? Read our full methodology

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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.

Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.

Market data provided by Twelve Data.