Quantcast
Are you getting the best rate from your broker?
Compare your broker's rates now to find out if you can save money

Choose your broker below
Welcome to Dividend.com. Please help us personalize your experience.

Select the one that best describes you
ALERT

Industrial Giant Impresses with 19% Gain

Dividend logo

In part 2 of our 5 part series, Dividend.com analyzes AvalonBay (AVB ) where George Soros holds 18,121 shares, which equates to a stake of $3.1 million. That almost equals the stake he has in Equity Residential (EQR ), which we analyzed in Part 1 of this series. You can read Part 3 here and Part 4 here.

AvalonBay is an S&P 500 Company classified as a Multi-Family REIT that primarily owns or holds an indirect ownership in 282 apartment communities that contain 82,851 apartments on both the west and the east coasts of the U.S.

AvalonBay operates in areas which have an insufficient supply. Completions as a percentage of existing stock of homes in the past 20 years is 0.8% in AVB markets as against the U.S. top 50 metro average of 1.4%. It’s also accompanied by higher cost of ownership and higher household incomes in AVB markets vs the U.S. average. Unlike Equity Residential which targets only lifestyle seekers, AVB targets lifestyle seekers as well as value seekers.

All key macroeconomic factors like unemployment rates, job growth and a rising interest rate are positives for REITS in general. AvalonBay’s occupancy rate is 95.4%. They were more than 96.5% in 2Q13.

To read the Full Story, Go Premium or Log In

Popular Articles

Premium Shutterstock 84454465
News

It’s a Trap!!!!

Everyone loves a good discount. Whether it’s on your car insurance or a meal at your local burger...

Premium Shutterstock 171227999
News

The Market Wrap for July 21: More Record Closes for Stocks

So much for the summer doldrums. Over the last few trading sessions, stocks seemed to have...

News

Trending: Netflix Hits New High After Passing 100 Million Subscribers

Dividend.com analyzes the search patterns of our visitors each week. By sharing these trends with...