AvalonBay (NYSE: AVB) is one of the largest residential real estate investment trusts (REITs) by market capitalization. Specializing in the ownership, development, and operation of upscale Class A apartments in some of the nation's top markets -- like Southern California, San Francisco, New York City, and Seattle, among others.This REIT has been a popular investment due to its size, reliable dividend return, and high-quality portfolio.
But the coronavirus pandemic created cracks in the company's business model, with its latest earnings for 2021 showing the foundation could actually be starting to crumble. Here's a closer look at how the company performed in 2021 and whether AvalonBay is a buy right now.
Image source: Getty Images.
Source Fool.com