AvalonBay Communities, Inc. — Earnings Quality Grade F
AVB · Real Estate
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
Insufficient data
Insufficient data
Revenue 4.4%, CFFO 3.9%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth 33.8% is >2x revenue growth 4.4%
SG&A/Gross Profit = 4.5%, excellent (<30%)
Gross margin 63.1%, change -0.0pp. Stable
Cash Flow Quality
CFFO/NI = 1.59. Profits backed by cash
FCF $1.4B, FCF/NI = 1.34
Accruals ratio = -2.8%. Low accruals
Cash $0.2B covers only 2% of debt $9.5B
Balance Sheet Health
No goodwill. Clean balance sheet
Debt/EBITDA = 4.3x (>4x). Financial stress
Other assets 14.4% vs revenue 4.4%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
No goodwill
Manipulation Score
Insufficient data
Altman Z-Score — Not Applicable
AvalonBay Communities, Inc. is a financial company. Z-Score is designed for non-financial companies.
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-09