Best-in-class balance sheet makes AVB well-positioned to buy assets while peers are forced to sell. Opportunistic acquisitions will drive growth.

AVB's portfolio is geared towards demographics that are less exposed to the COVID-19 recession. This is reflected in AVB's strong Q3 rent collection (97%) and occupancy (95%).

With the most diversified tenant base and the strongest balance sheet in the apartment REIT space, it is set up best to withstand the recession and return the strongest post-COVID-19.

The market has aggressively discounted AVB. While the market trades in line with its historical EV/EBITDA multiple, AVB trades at a 20% discount to its historical EV/EBITDA multiple.

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