AllAnalyst Report
logoMorningstarMarch 01, 2021

AvalonBay Communities, Inc.: AvalonBay’s High Quality Portfolio and Development Capabilities Should Produce Years of Growth

Symbols
AVB
Sector(s)
Real Estate
Rating
Current Price
$189.81
Fair Value
Economic Moat
Stewardship
Summary

AvalonBay Communities owns a portfolio of 275 apartment communities with over 75,000 units and is developing 22 additional properties with over 7,500 units. The company focuses on owning large, high-quality properties in major metropolitan areas of New England, New York/New Jersey, Washington D.C., California, and the Pacific Northwest.

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Analyst Profile

Kevin Brown

Equity Analyst
Kevin Brown is an equity analyst on the finance team for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers apartment, healthcare, and hotel REITs and real estate service companies in the United States.Before joining Morningstar in 2018, Brown worked at an asset-management company focused on global real estate, spending nine years covering healthcare and hotel REITs.Brown holds a bachelor’s degree in economics from Dartmouth College. He also holds the Chartered Financial Analyst® designation.