AVBAvalonBay Communities

$184.09

Is it safe?

Can AVB take a bad year?

AvalonBay Communities carries $10.0B of net debt at 3.37× EBITDA: a load its earnings can carry.

$10.0B

Net debt · as at Q1 2026 · between two and four years of EBITDA, normal for a stable business

Net debt / EBITDA
3.37×

Net debt / EBITDA · 3.03× a year ago · the load is going up

Interest cover
7.55×

Interest cover · operating profit covers the interest bill several times over

Annualised volatility
22%

Annualised volatility · about as steady as the market itself

Details
Total debtQ1 2026
$10.1B
Cash and short-term investments
$121M
Net debt
$10.0B
EBITDA, trailing twelve months
$2.97B
Operating profit, trailing twelve months
$2.04B
Debt / equity
0.88×
Total debt / EBITDA
3.41×
Annualised volatilitytwo years of daily moves
22%
Worst drawdown on file
−47%
Below its 52-week high
−6.6%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.