When people talked about money, somehow the conversation topics couldn’t run too far away from stock investing and property or real-estate investment. FinanceTwitter have blogged about Mah Sing Group Berhad and E & O Property Development Berhad as the favorite stocks in property sector. Now, let’s fly out of the country and travel a couple of thousands miles towards U.S.
Avalon Bay is actually a REIT (real estate investment trust) company which focused on developing, operating and owning apartment communities in the Northeast, Mid-Atlantic, Midwest, Pacific Northwest, Northern California and Southern California regions of the United States. As of March 31, 2007, AvalonBay owned about 171 apartment communities containing 49,402 apartment homes in ten states in U.S.
Through the Investor Relations segment, Avalon Bay claimed that its average annual Funds from Operations (FFO) per share growth and dividend growth have exceeded the industry average. Considering Avalon’s Compound Annual Growth Rate of 19.5%, it is definitely a set of impressive data out-beating the S&P500 and Nasdaq’s growth. Since the company went public back in 1994 (trades on the New York Stock Exchange and under the ticker symbol “AVB”), AvalonBay Communities, Inc. has consistently paid dividends each year since then.
So, if you happen to think about owning an apartment in California, Massachusetts, Washington, New York or elsewhere in U.S., you probably might want to give Avalon a thought.