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Homeaway Inc
I'm happy to help you with that! AWAY is the stock ticker for AvalonBay Communities, Inc., which is a real estate investment trust (REIT) that specializes in developing, redeveloping, acquiring, and managing high-quality apartment communities in high-barrier-to-entry markets primarily in the United States.
In terms of financial performance, AvalonBay Communities has reported steady growth in revenue and funds from operations (FFO) over the past few years. In 2020, the company reported revenue of $3.28 billion, up from $3.19 billion in 2019. FFO for 2020 was $1.53 billion, or $6.99 per share, compared to $1.55 billion, or $6.91 per share, in 2019.
As for earnings, AvalonBay Communities reported net income of $972 million in 2020, up from $942 million in 2019. This represents a net income margin of 29.6% in 2020, compared to 29.6% in 2019.
It's important to note that AvalonBay Communities is a REIT, so its financial performance is typically measured using FFO instead of earnings. FFO is a non-GAAP financial measure that is used to more accurately reflect the operating performance of REITs, as it excludes certain non-cash expenses such as depreciation and amortization.
As of February 2023, AvalonBay Communities has a market capitalization of approximately $33.6 billion and a dividend yield of 2.6%. The company has consistently paid dividends to shareholders and has increased its dividend every year for the past 12 years.
In terms of growth, AvalonBay Communities has a robust development pipeline and has been actively acquiring and developing new properties in its target markets. In 2020, the company delivered 3,156 units and had another 9,537 units under development or redevelopment.
Overall, AvalonBay Communities has a strong financial performance, consistent growth, and a solid development pipeline, making it an attractive investment option for those interested in the real estate sector.