AvalonBay Communities, Inc. (AVB) — Free Cash Flow Yield
Real Estate
AvalonBay Communities, Inc., a member of S&P 500, is an equity REIT. The firm develops, redevelops, acquires and manages apartment communities in leading metropolitan areas in Boston, Massachusetts, the New York/New Jersey Metro area, the Mid-Atlantic, Seattle, Washington, and Northern and Southern California, as well as in the Company's expansion regions of Raleigh-Durham and Charlotte, North Carolina, Southeast Florida, Dallas and Austin, Texas, and Denver, Colorado. As of June 30, 2026, the Company owned or held a direct or indirect ownership interest in 322 apartment communities containing 99,072 apartment homes in 11 states and the District of Columbia, of which 27 communities were under development and one community was under redevelopment. AvalonBay Communities, Inc. was incorporated in 1978 in Maryland and is based in Arlington, Virginia.
| Metric | Value |
|---|---|
| FCF Yield | 5.3% |
| Real Estate Sector Avg FCF Yield | 3.7% |
| Annual Free Cash Flow | $1.4B |
| Market Cap | $26.3B |
| P/E Ratio | 25.3x |
AvalonBay Communities, Inc.'s FCF yield of 5.3% is above the Real Estate sector average (3.7%).
Frequently Asked Questions
What is AvalonBay Communities, Inc.'s (AVB) free cash flow yield?
AvalonBay Communities, Inc.'s (AVB) free cash flow yield is 5.3%. That is above the Real Estate sector average (3.7%).
Is AVB's free cash flow yield good?
At 5.3%, AVB's free cash flow yield is considered fair — yields above 10% are generally excellent, 7–10% good, 4–7% fair, and below 4% weak, though context varies by sector and growth stage.
How much free cash flow does AvalonBay Communities, Inc. generate?
AvalonBay Communities, Inc. generated $1.4B in free cash flow, against a market cap of $26.3B.
How is free cash flow yield calculated?
Free cash flow yield = (Free Cash Flow ÷ Market Capitalization) × 100%. Free cash flow equals operating cash flow minus capital expenditures.
Data from public filings. Not investment advice. Calculate your own FCF yield →