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Raw inputs
Equipment
Foundry
Chip design
Software
AI demand
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Company details
Market cap
~$27B
P/E ratio
~23×
Div yield
~3.7%
Core FFO/sh
$11.24
Profit margin
~37%
Same-store NOI
+1.9%
Revenue
~$3.0B
Apartment homes
~98,700
In plain English
AvalonBay is one of America's largest apartment landlords — it builds and owns nearly 99,000 rental homes in expensive coastal cities like Boston, New York, Washington, Seattle and California, and rents them to households priced out of buying. It raises money from index funds and bondholders, turns it into buildings, collects rent, and pays ~90% of that income back out as dividends. In May 2026 it agreed an all-stock merger of equals with rival Equity Residential to form an ~$70B apartment giant.
In simple terms
What AvalonBay Communities really sells
AvalonBay is one of America's largest apartment landlords — it builds and owns nearly 99,000 rental homes in expensive coastal cities like Boston, New York, Washington, Seattle and California, and rents them to households priced out of buying. It raises money from index funds and bondholders, turns it into buildings, collects rent, and pays ~90% of that income back out as dividends. In May 2026 it agreed an all-stock merger of equals with rival Equity Residential to form an ~$70B apartment giant.
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