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Held by 715 of 5,944 reporting institutions (98th percentile) — extremely crowded.
Data as of Q1 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $189.57 today, the market must believe free cash flow compounds 11.0%/yr for a decade (off $1.4B normalized FCF).
The market's 11.0% is more optimistic than its 9-yr track record.
2-stage DCF · 0.14B shares · net debt $9.1B
mean 2.7% · volatility σ 10% · implied rate exceeded in 1/9 yrs
Central path = implied 11.0%/yr growth; shaded band = ±1σ (10%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
4/7 of the 9 checks — 2 couldn't be scored (see above), so the score is out of the 7 with data.
Insufficient balance-sheet detail (needs retained earnings, working capital, equity).
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
Earnings are backed by cash (FCF ≥ net income) — high quality. Lower/negative accruals = higher quality (Sloan).
Comfortably covers interest; leverage rising year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $488M buybacks = $488M returned on $1.4B FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Insufficient data. Current ROIC on all capital: 5%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Effective rate ~2.8% on $9.3B of debt.
Cash vs short-term debt unavailable.
Mostly long-term debt (balance-sheet current vs non-current split). A year-by-year maturity schedule wasn't disclosed for this issuer.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
EOD close · as of 2026-08-05 · 44d old
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.04B 100.0% | $2.91B 100.0% | $2.77B 100.0% | $2.59B 100.0% | $2.29B 100.0% | $2.30B 100.0% | $2.32B 100.0% | $2.28B 100.0% | $2.16B 100.0% | $2.05B 100.0% |
| Selling, General & Admin | $86.7M 2.9% | $77.7M 2.7% | $76.5M 2.8% | $74.1M 2.9% | $69.6M 3.0% | $60.3M 2.6% | $58.0M 2.5% | $60.4M 2.6% | $53.7M 2.5% | $45.8M 2.2% |
| Total Operating Expenses | $2.39B 78.7% | $2.25B 77.1% | $2.13B 77.0% | $2.06B 79.3% | $1.93B 84.0% | $1.83B 79.4% | $1.70B 73.0% | $1.70B 74.4% | $1.59B 73.9% | $1.46B 71.4% |
| Operating Income | $2.02B 66.5% | $1.91B 65.6% | $1.79B 64.7% | $1.70B 65.6% | $1.46B 63.5% | $1.47B 64.0% | $1.55B 66.8% | $1.49B 65.0% | $1.40B 64.8% | $1.31B 64.2% |
| Interest Expense | $259.2M 8.5% | $226.6M 7.8% | $206.0M 7.4% | $230.1M 8.9% | $220.4M 9.6% | $214.2M 9.3% | $203.6M 8.8% | $221.0M 9.7% | $199.7M 9.2% | $187.5M 9.2% |
| Other Income (Expense), net | -$10.8M -0.4% | -$18.3M -0.6% | -$33.5M -1.2% | -$16.6M -0.6% | -$3.2M -0.1% | -$12.4M -0.5% | -$5.0M -0.2% | — | — | — |
| Pretax Income | $1.06B 34.7% | $1.08B 37.2% | $938.6M 33.9% | $1.15B 44.4% | $1.01B 44.0% | $824.5M 35.8% | $799.1M 34.4% | $974.0M 42.6% | $876.8M 40.6% | $1.03B 50.6% |
| Income Tax Expense | -$1.1M -0.0% | $445K 0.0% | $10.2M 0.4% | $14.6M 0.6% | $5.7M 0.2% | -$3.2M -0.1% | $13.0M 0.6% | -$160K -0.0% | $141K 0.0% | $305K 0.0% |
| Net Income | $1.06B 34.7% | $1.08B 37.1% | $928.8M 33.6% | $1.14B 43.8% | $1.00B 43.8% | $827.7M 36.0% | $786.1M 33.8% | $974.5M 42.7% | $876.9M 40.6% | $1.03B 50.6% |
| Per Share | ||||||||||
| EPS (Basic) | $7.40 | $7.61 | $6.56 | $8.13 | $7.19 | $5.89 | $5.64 | $7.05 | $6.36 | $7.53 |
| EPS (Diluted) | $7.40 | $7.60 | $6.56 | $8.12 | $7.19 | $5.89 | $5.63 | $7.05 | $6.35 | $7.52 |
| Weighted Avg Shares (Basic) | 141.7M | 142.0M | 141.3M | 139.6M | 139.4M | 140.1M | 139.1M | 137.8M | 137.5M | 136.9M |
| Weighted Avg Shares (Diluted) | 142.8M | 142.5M | 141.6M | 140.0M | 139.7M | 140.4M | 139.6M | 138.3M | 138.1M | 137.5M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Ranked against 240 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WELL | $163.3B | 168.7× | — | 15.1× | 35.6% | 40.1% | 8.9% | 2.3% | 1.6% | — | 1,425 |
| XHG | $130.7B | — | — | 2546.6× | 24.9% | 2.2% | -205% | 85.0% | 88.3% | — | 1 |
| PLD | $124.3B | 37.6× | — | 14.1× | 7.2% | — | 37.9% | 6.3% | 3.8% | — | 1,592 |
| EQIX | $99.8B | 73.8× | 25.5× | 10.8× | 5.4% | 51.1% | 14.6% | 9.5% | 8.7% | 0.3× | 1,229 |
| AMT | $82.3B | 32.7× | 14.2× | 7.7× | 5.1% | — | 24.7% | 72.0% | 37.3% | 0.6× | 1,662 |
| SPG | $66.2B | 14.3× | — | 10.4× | 6.7% | — | 84.3% | 103% | 15.9% | — | 1,242 |
| O | $53.4B | 48.9× | — | 9.3× | 9.1% | — | 18.4% | 2.7% | 2.7% | — | 1,389 |
| PSA | $51.7B | 32.7× | — | 10.7× | 2.7% | — | 37.0% | 19.3% | 9.1% | — | 1,045 |
| VTR | $41.9B | 163.3× | — | 7.2× | 18.5% | — | 4.5% | 2.1% | 1.0% | — | 891 |
| CBRE | $41.0B | 36.0× | — | 1.0× | 13.4% | 18.7% | 2.9% | 13.0% | 7.1% | — | 1,020 |
| IRM | $33.2B | 228.9× | 22.6× | 4.8× | 12.2% | — | 2.2% | -15.5% | 1.0% | 7.5× | 1,043 |
| EXR | $28.8B | 29.7× | 13.5× | 8.5× | 3.7% | 72.8% | 28.8% | 7.3% | 7.3% | — | 722 |
| AVB | $26.6B | 25.6× | 12.2× | 8.7× | 4.4% | — | 34.7% | 9.1% | 5.0% | 3.2× | 715 |
| VICI | $26.2B | 9.4× | — | 6.5× | 4.1% | 99.3% | 69.3% | 10.0% | 6.2% | — | 898 |
| EQR | $25.6B | 23.0× | — | — | — | — | — | 10.1% | 5.8% | — | 681 |
| SBAC | $19.0B | 18.4× | 21.5× | 6.8× | 5.1% | 75.5% | 37.4% | -21.7% | 13.1% | 8.7× | 636 |
| BEKE | $17.6B | 133.1× | 37.9× | 1.3× | 5.6% | 21.4% | 3.2% | 4.5% | 4.5% | — | 197 |
| ESS | $17.5B | 26.1× | 11.6× | 9.3× | 6.4% | 69.9% | 37.2% | 12.7% | 12.7% | — | 582 |
| INVH | $16.6B | 28.3× | — | 6.1× | 4.2% | — | 21.5% | 6.2% | 3.3% | — | 560 |
| JLL | $16.0B | 20.7× | 11.9× | 0.6× | 11.4% | — | 3.0% | 10.6% | 10.4% | 0.1× | 615 |
| WY | $15.7B | 48.5× | 16.8× | 2.3× | -3.1% | 14.8% | 4.7% | 3.4% | 2.2% | 4.5× | 868 |
| KIM | $15.2B | — | 16.3× | 7.1× | 5.1% | — | 27.3% | 5.6% | 3.2% | 5.5× | 633 |
| NLY | $15.0B | 7.3× | — | — | — | — | — | 12.6% | 12.6% | — | 743 |
| LAMR | $15.0B | 25.6× | — | 6.6× | 2.7% | 67.0% | 25.9% | 57.3% | 13.2% | — | 655 |
| HST | $15.0B | 19.8× | — | 2.5× | 7.6% | — | 12.5% | 11.7% | 9.8% | — | 656 |
Peers = companies sharing AVB's sector (Real Estate) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
EOD close · as of 2026-08-05
Where each multiple sits in its own 14-yr range · 61th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
High operating leverage: profit moved 1.3× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| SG&A | 2.6 | 2.5 | 2.6 | 3.0 | 2.9 | 2.8 | 2.7 | 2.9 |
| Operating Income | 65.0 | 66.8 | 64.0 | 63.5 | 65.6 | 64.7 | 65.6 | 66.5 |
| Income Tax | -0.0 | 0.6 | -0.1 | 0.2 | 0.6 | 0.4 | 0.0 | -0.0 |
| Net Income | 42.7 | 33.8 | 36.0 | 43.8 | 43.8 | 33.6 | 37.1 | 34.7 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on AVB: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.