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AVB vs. BXP: A Head-to-Head Stock Comparison

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Here’s a clear look at AVB and BXP, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.

Company Overview

AVB’s market capitalization of 28.84 billion USD is substantially larger than BXP’s 10.90 billion USD, indicating a significant difference in their market valuations.

With betas of 0.87 for AVB and 1.19 for BXP, both stocks show similar sensitivity to overall market movements.

SymbolAVBBXP
Company NameAvalonBay Communities, Inc.Boston Properties, Inc.
CountryUSUS
SectorReal EstateReal Estate
IndustryREIT - ResidentialREIT - Office
CEOBenjamin W. SchallOwen David Thomas
Price202.57 USD68.83 USD
Market Cap28.84 billion USD10.90 billion USD
Beta0.871.19
ExchangeNYSENYSE
IPO DateMarch 11, 1994June 18, 1997
ADRNoNo

Historical Performance

This chart compares the performance of AVB and BXP by tracking the growth of an initial $10,000 investment in each. Use the tabs to select the desired time period.

Data is adjusted for dividends and splits.

AVB vs. BXP: Growth of a $10,000 investment over the past one year.

Profitability

Return on Equity

AVB

9.65%

REIT - Residential Industry

Max
23.34%
Q3
9.08%
Median
3.28%
Q1
-1.03%
Min
-7.42%

Return on Equity is often not a primary performance indicator in the REIT - Residential industry.

BXP

-0.08%

REIT - Office Industry

Max
9.40%
Q3
3.15%
Median
0.71%
Q1
-2.53%
Min
-10.33%

Return on Equity is often not a primary performance indicator in the REIT - Office industry.

AVB vs. BXP: A comparison of their ROE against their respective REIT - Residential and REIT - Office industry benchmarks.

Return on Invested Capital

AVB

4.55%

REIT - Residential Industry

Max
5.46%
Q3
5.07%
Median
3.70%
Q1
2.44%
Min
-1.04%

Return on Invested Capital is often not a primary measure of capital efficiency in the REIT - Residential industry.

BXP

2.91%

REIT - Office Industry

Max
5.21%
Q3
3.70%
Median
2.50%
Q1
1.66%
Min
0.56%

Return on Invested Capital is often not a primary measure of capital efficiency in the REIT - Office industry.

AVB vs. BXP: A comparison of their ROIC against their respective REIT - Residential and REIT - Office industry benchmarks.

Net Profit Margin

AVB

38.86%

REIT - Residential Industry

Max
38.86%
Q3
24.60%
Median
7.62%
Q1
-2.65%
Min
-12.57%

In the REIT - Residential industry, Net Profit Margin is often not the primary profitability metric.

BXP

-0.13%

REIT - Office Industry

Max
21.26%
Q3
7.69%
Median
3.16%
Q1
-9.27%
Min
-30.12%

In the REIT - Office industry, Net Profit Margin is often not the primary profitability metric.

AVB vs. BXP: A comparison of their Net Profit Margin against their respective REIT - Residential and REIT - Office industry benchmarks.

Operating Profit Margin

AVB

31.58%

REIT - Residential Industry

Max
45.77%
Q3
30.12%
Median
19.58%
Q1
17.52%
Min
8.22%

In the REIT - Residential industry, Operating Profit Margin is often not the primary measure of operational efficiency.

BXP

36.36%

REIT - Office Industry

Max
38.61%
Q3
26.61%
Median
20.01%
Q1
11.93%
Min
-1.11%

In the REIT - Office industry, Operating Profit Margin is often not the primary measure of operational efficiency.

AVB vs. BXP: A comparison of their Operating Margin against their respective REIT - Residential and REIT - Office industry benchmarks.

Profitability at a Glance

SymbolAVBBXP
Return on Equity (TTM)9.65%-0.08%
Return on Assets (TTM)5.40%-0.02%
Return on Invested Capital (TTM)4.55%2.91%
Net Profit Margin (TTM)38.86%-0.13%
Operating Profit Margin (TTM)31.58%36.36%
Gross Profit Margin (TTM)63.13%47.78%

Financial Strength

Current Ratio

AVB

0.22

REIT - Residential Industry

Max
2.65
Q3
2.05
Median
0.62
Q1
0.13
Min
0.05

For the REIT - Residential industry, the Current Ratio is often not the most suitable measure of short-term liquidity.

BXP

1.17

REIT - Office Industry

Max
4.34
Q3
2.61
Median
1.46
Q1
0.88
Min
0.01

For the REIT - Office industry, the Current Ratio is often not the most suitable measure of short-term liquidity.

AVB vs. BXP: A comparison of their Current Ratio against their respective REIT - Residential and REIT - Office industry benchmarks.

Debt-to-Equity Ratio

AVB

0.71

REIT - Residential Industry

Max
1.76
Q3
1.60
Median
1.15
Q1
0.71
Min
0.06

AVB’s Debt-to-Equity Ratio of 0.71 is typical for the REIT - Residential industry, indicating its use of leverage is in line with the sector norm. This suggests a balanced approach to its capital structure.

BXP

3.09

REIT - Office Industry

Max
2.25
Q3
1.66
Median
1.33
Q1
0.95
Min
0.63

With a Debt-to-Equity Ratio of 3.09, BXP operates with exceptionally high leverage compared to the REIT - Office industry norm. This suggests an aggressive reliance on debt financing, which can magnify returns but also significantly elevates financial risk.

AVB vs. BXP: A comparison of their D/E Ratio against their respective REIT - Residential and REIT - Office industry benchmarks.

Interest Coverage Ratio

AVB

4.02

REIT - Residential Industry

Max
4.02
Q3
3.42
Median
2.09
Q1
0.77
Min
-0.24

AVB’s Interest Coverage Ratio of 4.02 is in the upper quartile for the REIT - Residential industry, signifying a strong and healthy capacity to meet its interest payments from operating profits.

BXP

2.58

REIT - Office Industry

Max
2.60
Q3
1.69
Median
1.28
Q1
0.62
Min
-0.11

BXP’s Interest Coverage Ratio of 2.58 is in the upper quartile for the REIT - Office industry, signifying a strong and healthy capacity to meet its interest payments from operating profits.

AVB vs. BXP: A comparison of their Interest Coverage against their respective REIT - Residential and REIT - Office industry benchmarks.

Financial Strength at a Glance

SymbolAVBBXP
Current Ratio (TTM)0.221.17
Quick Ratio (TTM)0.221.17
Debt-to-Equity Ratio (TTM)0.713.09
Debt-to-Asset Ratio (TTM)0.400.65
Net Debt-to-EBITDA Ratio (TTM)3.788.78
Interest Coverage Ratio (TTM)4.022.58

Growth

The following charts compare key year-over-year (YoY) growth metrics for AVB and BXP. These metrics are based on the companies’ annual financial reports.

Revenue Growth

AVB vs. BXP: A comparison of their annual year-over-year Revenue Growth.

Earnings Per Share (EPS) Growth

AVB vs. BXP: A comparison of their annual year-over-year Earnings Per Share (EPS) Growth.

Free Cash Flow Growth

AVB vs. BXP: A comparison of their annual year-over-year Free Cash Flow Growth.

Dividend

Dividend Yield

AVB

3.41%

REIT - Residential Industry

Max
6.90%
Q3
5.06%
Median
3.70%
Q1
3.35%
Min
1.32%

AVB’s Dividend Yield of 3.41% is consistent with its peers in the REIT - Residential industry, providing a dividend return that is standard for its sector.

BXP

5.70%

REIT - Office Industry

Max
14.12%
Q3
6.26%
Median
4.71%
Q1
2.62%
Min
0.00%

BXP’s Dividend Yield of 5.70% is consistent with its peers in the REIT - Office industry, providing a dividend return that is standard for its sector.

AVB vs. BXP: A comparison of their Dividend Yield against their respective REIT - Residential and REIT - Office industry benchmarks.

Dividend Payout Ratio

AVB

84.58%

REIT - Residential Industry

Max
647.59%
Q3
358.74%
Median
123.11%
Q1
73.29%
Min
0.00%

AVB’s Dividend Payout Ratio of 84.58% is within the typical range for the REIT - Residential industry, suggesting a balanced approach between shareholder payouts and company reinvestment.

BXP

-11,684.17%

REIT - Office Industry

Max
1,116.08%
Q3
556.10%
Median
233.84%
Q1
123.25%
Min
49.88%

BXP has a negative Dividend Payout Ratio of -11,684.17%. This typically means the company paid a dividend despite reporting a net loss, a situation that may signal financial instability.

AVB vs. BXP: A comparison of their Payout Ratio against their respective REIT - Residential and REIT - Office industry benchmarks.

Dividend at a Glance

SymbolAVBBXP
Dividend Yield (TTM)3.41%5.70%
Dividend Payout Ratio (TTM)84.58%-11684.17%

Valuation

Price-to-Earnings Ratio

AVB

25.14

REIT - Residential Industry

Max
209.03
Q3
105.65
Median
37.25
Q1
29.74
Min
25.36

The P/E Ratio is often not the primary metric for valuation in the REIT - Residential industry.

BXP

-2,455.81

REIT - Office Industry

Max
90.97
Q3
72.34
Median
44.07
Q1
23.31
Min
19.29

The P/E Ratio is often not the primary metric for valuation in the REIT - Office industry.

AVB vs. BXP: A comparison of their P/E Ratio against their respective REIT - Residential and REIT - Office industry benchmarks.

Forward P/E to Growth Ratio

AVB

4.92

REIT - Residential Industry

Max
8.96
Q3
6.40
Median
3.83
Q1
0.72
Min
0.26

The Forward PEG Ratio is often not a primary valuation metric in the REIT - Residential industry.

BXP

24.56

REIT - Office Industry

Max
24.48
Q3
14.97
Median
1.22
Q1
0.24
Min
0.04

The Forward PEG Ratio is often not a primary valuation metric in the REIT - Office industry.

AVB vs. BXP: A comparison of their Forward PEG Ratio against their respective REIT - Residential and REIT - Office industry benchmarks.

Price-to-Sales Ratio

AVB

9.79

REIT - Residential Industry

Max
10.14
Q3
8.03
Median
7.51
Q1
5.76
Min
3.29

AVB’s P/S Ratio of 9.79 is in the upper echelon for the REIT - Residential industry. This means the company is valued richly on its revenue stream compared to its peers, suggesting the stock is priced for a high level of future performance.

BXP

3.17

REIT - Office Industry

Max
5.80
Q3
5.05
Median
3.85
Q1
2.27
Min
1.19

BXP’s P/S Ratio of 3.17 aligns with the market consensus for the REIT - Office industry. This suggests its valuation, based on sales, is seen as standard and is on par with its competitors.

AVB vs. BXP: A comparison of their P/S Ratio against their respective REIT - Residential and REIT - Office industry benchmarks.

Price-to-Book Ratio

AVB

2.42

REIT - Residential Industry

Max
4.04
Q3
3.00
Median
2.31
Q1
1.78
Min
0.81

AVB’s P/B Ratio of 2.42 is within the conventional range for the REIT - Residential industry. This shows a balanced market view, where the stock’s price is neither at a significant premium nor a discount to the book value of its peers.

BXP

2.05

REIT - Office Industry

Max
2.09
Q3
1.38
Median
0.98
Q1
0.74
Min
0.14

BXP’s P/B Ratio of 2.05 is in the upper tier for the REIT - Office industry. This indicates that investors are paying a premium relative to the company’s net assets, a valuation that hinges on its ability to generate superior profits.

AVB vs. BXP: A comparison of their P/B Ratio against their respective REIT - Residential and REIT - Office industry benchmarks.

Valuation at a Glance

SymbolAVBBXP
Price-to-Earnings Ratio (P/E, TTM)25.14-2455.81
Forward PEG Ratio (TTM)4.9224.56
Price-to-Sales Ratio (P/S, TTM)9.793.17
Price-to-Book Ratio (P/B, TTM)2.422.05
Price-to-Free Cash Flow Ratio (P/FCF, TTM)20.5611.63
EV-to-EBITDA (TTM)16.7114.74
EV-to-Sales (TTM)12.647.84