AvalonBay Communities, Inc. (AVB) FCF Payout Ratio: 65.86%
Is AvalonBay Communities, Inc.’s FCF payout ratio high or low?
AvalonBay Communities, Inc.'s FCF payout ratio of 65.86% is 11% below its 5-year average of 73.94%, near the low end of its 5-year range (65.86%–84.61%).
4.84% below its 12-month average of 69.21%.
AVB FCF Payout Ratio Chart
AVB Average FCF Payout Ratio Chart
AVB Current vs Average FCF Payout Ratio Chart
AVB FCF Payout Ratio Metrics
FCF PAYOUT RATIO
65.86%
FCF PAYOUT RATIO AVG TTM
69.21%
FCF PAYOUT RATIO AVG 3Y
69.36%
FCF PAYOUT RATIO AVG 5Y
73.94%
FCF PAYOUT RATIO AVG 10Y
70.90%
FCF PAYOUT RATIO AVG 15Y
71.26%
FCF PAYOUT RATIO AVG 20Y
71.26%
CURRENT VS TTM AVG
-4.84%
CURRENT VS 3Y AVG
-5.05%
CURRENT VS 5Y AVG
-10.93%
CURRENT VS 10Y AVG
-7.11%
CURRENT VS 15Y AVG
-7.58%
CURRENT VS 20Y AVG
-7.58%
Payout Ratio Comparison
FCF Payout Ratio
65.9%
Earnings Payout Ratio
95.0%
Dividend Yield
3.81%
FCF Yield
5.79%
Annual FCF Payout Ratio History
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $1.41B | $992.33M | 70.2% |
| 2024 | $1.41B | $961.91M | 68.2% |
| 2023 | $1.36B | $922.66M | 67.7% |
| 2022 | $1.25B | $889.61M | 71.3% |
| 2021 | $1.05B | $888.34M | 84.6% |
| 2020 | $1.08B | $883.21M | 81.6% |
| 2019 | $1.18B | $839.65M | 71.1% |
| 2018 | $1.21B | $805.24M | 66.3% |
| 2017 | $1.18B | $773.12M | 65.4% |
| 2016 | $1.07B | $727.20M | 67.9% |
| 2015 | $1.00B | $655.66M | 65.5% |
| 2014 | $833.82M | $593.64M | 71.2% |
| 2013 | $697.89M | $526.40M | 75.4% |
| 2012 | $514.29M | $365.90M | 71.1% |
| 2011 | ($259.18M) | $318.43M | N/A (Loss) |
| 2010 | ($130.13M) | $298.31M | N/A (Loss) |
| 2009 | ($208.24M) | $283.77M | N/A (Loss) |
| 2008 | ($515.47M) | $279.19M | N/A (Loss) |
| 2007 | ($685.88M) | $271.04M | N/A (Loss) |
| 2006 | ($480.39M) | $234.96M | N/A (Loss) |
| 2005 | ($593.02M) | $215.39M | N/A (Loss) |
| 2004 | ($706.52M) | $209.09M | N/A (Loss) |
| 2003 | ($487.09M) | $202.42M | N/A (Loss) |
| 2002 | ($770.22M) | $207.45M | N/A (Loss) |
| 2001 | ($175.88M) | $203.21M | N/A (Loss) |
| 2000 | ($137.59M) | $185.51M | N/A (Loss) |
| 1999 | ($266.19M) | $175.76M | N/A (Loss) |
| 1998 | ($527.11M) | $114.39M | N/A (Loss) |
| 1997 | ($1.09B) | $42.80M | N/A (Loss) |
| 1996 | ($249.20M) | $26.05M | N/A (Loss) |
Formula: FCF Payout Ratio = Dividends Paid / Free Cash Flow × 100
FCF payout and earnings payout:
- FCF represents operating cash flow after capital expenditures
- FCF payout compares dividends paid with free cash flow
- FCF payout above 100% means dividends paid exceeded free cash flow for the period
- Earnings payout compares dividends paid with net income
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
AvalonBay Communities, Inc. FCF Payout Ratio Formula & Definition
FCF Payout Ratio measures what percentage of free cash flow is paid out as dividends. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
AvalonBay Communities, Inc. FCF Payout Ratio FAQ
- What is the FCF payout ratio for AvalonBay Communities, Inc. (AVB)?
- The FCF payout ratio for AVB stock is 65.86%.
- Is AvalonBay Communities, Inc.'s FCF payout ratio high or low?
- AvalonBay Communities, Inc.'s FCF payout ratio of 65.86% is 11% below its 5-year average of 73.94%, near the low end of its 5-year range (65.86%–84.61%).
- What is the TTM average FCF payout ratio for AvalonBay Communities, Inc. (AVB)?
- The TTM average FCF payout ratio for AVB stock is 69.21%.
- What is the 3Y average FCF payout ratio for AvalonBay Communities, Inc. (AVB)?
- The 3Y average FCF payout ratio for AVB stock is 69.36%.
- What is the 5Y average FCF payout ratio for AvalonBay Communities, Inc. (AVB)?
- The 5Y average FCF payout ratio for AVB stock is 73.94%.
- What is the 10Y average FCF payout ratio for AvalonBay Communities, Inc. (AVB)?
- The 10Y average FCF payout ratio for AVB stock is 70.90%.
- What is the 15Y average FCF payout ratio for AvalonBay Communities, Inc. (AVB)?
- The 15Y average FCF payout ratio for AVB stock is 71.26%.
- What is the 20Y average FCF payout ratio for AvalonBay Communities, Inc. (AVB)?
- The 20Y average FCF payout ratio for AVB stock is 71.26%.
AvalonBay Communities, Inc. FCF Payout Ratio History
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2025-12-31 | 70.20% |
| 2024-12-31 | 68.23% |
| 2023-12-31 | 67.71% |
| 2022-12-31 | 71.33% |
| 2021-12-31 | 84.61% |
| 2020-12-31 | 81.58% |
| 2019-12-31 | 71.10% |
| 2018-12-31 | 66.32% |
| 2017-12-31 | 65.39% |
| 2016-12-31 | 67.92% |
| 2015-12-31 | 65.51% |
| 2014-12-31 | 71.20% |
| 2013-12-31 | 75.43% |
| 2012-12-31 | 71.15% |
About AvalonBay Communities, Inc.
At the close of 2020, AvalonBay Communities held a direct or indirect ownership stake in a substantial portfolio encompassing 291 apartment communities. These properties collectively contained 86,025 residential units across 11 states and the District of Columbia. Among these, 18 communities were actively under development, and one was undergoing redevelopment. As an equity REIT, AvalonBay's primary activities involve the development, redevelopment, acquisition, and management of apartment communities. The company strategically targets prominent metropolitan areas such as New England, the New York/New Jersey metro region, the Mid-Atlantic states, the Pacific Northwest, and both Northern and Southern California. Furthermore, AvalonBay is expanding its presence into key growth markets, specifically Southeast Florida and Denver, Colorado.
- Sector
- Real Estate
- Industry
- REIT - Residential
- CEO
- Benjamin W. Schall