# AvalonBay Communities share price (AvalonBay Communities, Inc., AVB)

> AvalonBay Communities, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. AVB · Real Estate · REIT - Residential · data as of 14 August 2026. Page: https://www.sectoralpha.in/us/stocks/avb

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## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: $184.06 (−3.4% in a year)
- P/E: 25.3× (lower than 52% of the last 4.4 years)
- Revenue (Jun 2026): $785 M (+3.3% on a year ago)
- Profit (Jun 2026): $155 M (−42.1% on a year ago)
- Operating margin: 29.5% (−0.2 points on a year ago)
- ROE: 9%, FY25
- ROIC: 4.4%, against a 6.9% cost of capital: −2.5 points

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. ## What is the AvalonBay Communities share price? AvalonBay Communities, Inc.'s share price was $184.06 at the close on 14 August 2026. It has been stalling near its high for 8 weeks. That is 2.3% above its average price over the last 200 trading days. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 3 weeks running. In the last 52 weeks it traded between $161 and $196, and at that close it sat 66% of the way up from that low. Over the last 10 years the share price moved +0% while the S&P 500 moved +265%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 24 July 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does AvalonBay Communities pay? AvalonBay Communities, Inc. paid $7.06 per share over the last four reported quarters. The most recent declaration was $1.78 for Jun 2026. At today's price of $184.06 that is a yield of 3.84%, based on dividends already paid, not a forecast. ## Which stock lists is AvalonBay Communities on? AvalonBay Communities is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is AvalonBay Communities profitable? AvalonBay Communities, Inc. earned $155 M of net profit in the Jun 2026 quarter, −42.1% on the same quarter a year earlier. Full-year FY25 profit was $1.0 B. Over 4 years profit has grown 1.2% a year on average. That is 19.8% of the quarter's revenue. The same quarter a year earlier earned $268 M. For the full year, FY25 profit was $1.0 B (−2.8% on the year before). Why profit moved: revenue changed +3.3% on a year earlier and the margin moved −0.2 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed −10.9% and revenue +3.7%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does AvalonBay Communities make, and is it growing? AvalonBay Communities, Inc. reported $785 M of revenue in the Jun 2026 quarter, +3.3% on the same quarter a year earlier. That is the 11th quarter in a row with growth on the year before. Over 4 years it has grown 6.8% a year on average. The last full year, FY25, came in at $3.0 B. The last four reported quarters add to $3.1 B. FY25 revenue was $3.0 B, +4.4% on the year before. Recent pace: the last four quarters grew +3.7% on average, against 6.8% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +3.6%, against +4.3% a year over the last 8 quarters (stabilising); profit over the last 12 months grew −11.4%, against +10.5% a year (rolling over). ## How much of every $100 of sales does AvalonBay Communities keep? AvalonBay Communities, Inc.'s operating margin was 29.5% in the Jun 2026 quarter, 0.2 percentage points lower than the same quarter a year ago. Across 5 years it has been between 27.9% and 30.9%. The latest quarter is within that range. Why: the operating margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason. ## Is AvalonBay Communities' profit turning into cash? Over the last 3 years, 158% of AvalonBay Communities, Inc.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $1.7 B of operating cash against $1.0 B of profit. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets. ## Where does AvalonBay Communities' cash go? AvalonBay Communities, Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean. ## What is AvalonBay Communities' P/E ratio, and how does it compare with its own history? AvalonBay Communities, Inc.'s P/E is 25.3×, in the middle of its own history: higher than 48% of past readings. Its usual P/E (the middle reading) is 25.4×, over 4.4 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved −2.6% while the price moved −3.4%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 3 years the price moved −0.6% a year; about −6.5% a year came from earnings growth and about +5.9 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. ## Is the AvalonBay Communities business getting better or worse? AvalonBay Communities, Inc.'s business is getting worse. Profit and EPS growth are shrinking: profit growth is −11.4% in the latest quarter, against +37.9% at its best in 12 quarters, with ROCE steady at 4.8%. This is based on 12 quarters of 4 measures. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does AvalonBay Communities earn on its capital? AvalonBay Communities, Inc. earned a ROE of 9% in FY25. That is up from a low of 8% in FY23. Its return on capital used (ROIC) is 2.5 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 34.5% net margin and 0.14× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 34.5% net margin × 0.14× asset turnover × 1.88× leverage (assets divided by equity) ≈ 9.1% on equity. The margin does most of the work; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 4.4% − 6.9% = −2.5 percentage points. The 6.9% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does AvalonBay Communities have too much debt? AvalonBay Communities, Inc. has total debt of $9.2 B against shareholder equity of $12.2 B as of Jun 2026, so its debt is 0.75× its equity. Year by year, that ratio went from 0.76 in FY21 to 0.80 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the AvalonBay Communities shareholding pattern? 2.8% of AvalonBay Communities, Inc.'s tradable shares are in short positions, which are bets that the price will fall, so some traders are betting against it. At normal trading volumes, closing those positions would take about 4.6 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is AvalonBay Communities from balance-sheet trouble? For AvalonBay Communities, Inc., the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does AvalonBay Communities rank in its industry? 53.2 out of 100, rank 6 of 22 in REIT - Residential, with 56% of the evidence available. AvalonBay Communities, Inc. scores 53.2 out of 100 against the 22 companies it is compared with in REIT - Residential, ranking 6. Some evidence is missing, so the score is pulled toward the middle on purpose. The three scored parts add up to the total exactly: 17.3 + 22.3 + 13.6 = 53.2 (no relative-strength reading this week; its 20 points are shared across the other three). This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if ROA turns down or gross NPA rises while the share price lags its sector. ## Which companies is AvalonBay Communities compared with? AvalonBay Communities ranks 6 of 22 REIT - Residential companies on the 4-Factor Sector Score, with 53.2 out of 100. 1. [UDR, Inc.](https://www.sectoralpha.in/us/stocks/udr) UDR · basing · Most evidence points up · 76% evidence 68.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.1/35 · Income 3% · Profit 100% · 71% evidence Capital efficiency 18.5/25 · ROA 2.3% · ROE 19.7% · GNPA n/a · 68% evidence Valuation 11.5/20 · P/BV 3.38× · P/BV÷ROE 0.17 · 70% evidence Relative strength 14.8/20 · Lead over its industry 6.9% · Lead over S&P 500 -6.6% · 1 year 4.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 24.1 + 18.5 + 11.5 + 14.8 = 68.9 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. Millrose Properties, Inc. MRP · basing · Evidence leans up · 67% evidence 64.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.7/35 · Income n/a · Profit 100% · 45% evidence Capital efficiency 16.8/25 · ROA 4.4% · ROE 8.4% · GNPA n/a · 68% evidence Valuation 16.0/20 · P/BV 0.85× · P/BV÷ROE 0.1 · 70% evidence Relative strength 6.5/20 · Lead over its industry -2.8% · Lead over S&P 500 -15.4% · 1 year -18.6% · 100% evidence · 3 of 12 weeks ahead Exact sum: 24.7 + 16.8 + 16 + 6.5 = 64 · What this means: Earnings are strong; relative strength in its sector is -2.8% and the one-year return is -18.6%. 3. [Equity LifeStyle Properties, Inc.](https://www.sectoralpha.in/us/stocks/els) ELS · basing · Evidence leans up · 80% evidence 59.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.3/35 · Income 3.1% · Profit 2.1% · 81% evidence Capital efficiency 20.9/25 · ROA 5.5% · ROE 21.9% · GNPA n/a · 68% evidence Valuation 6.9/20 · P/BV 6.27× · P/BV÷ROE 0.29 · 70% evidence Relative strength 12.3/20 · Lead over its industry 3.9% · Lead over S&P 500 -9.2% · 1 year -2.9% · 100% evidence · 0 of 12 weeks ahead Exact sum: 19.3 + 20.9 + 6.9 + 12.3 = 59.4 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 4. [American Homes 4 Rent](https://www.sectoralpha.in/us/stocks/amh) AMH · basing · Evidence leans up · 76% evidence 57.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.0/35 · Income 4.2% · Profit 12.4% · 71% evidence Capital efficiency 15.6/25 · ROA 2.2% · ROE 7.8% · GNPA n/a · 68% evidence Valuation 8.6/20 · P/BV 1.61× · P/BV÷ROE 0.21 · 70% evidence Relative strength 14.6/20 · Lead over its industry 8.6% · Lead over S&P 500 -5% · 1 year -1.5% · 100% evidence · 0 of 12 weeks ahead Exact sum: 19 + 15.6 + 8.6 + 14.6 = 57.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Invitation Homes Inc.](https://www.sectoralpha.in/us/stocks/invh) INVH · basing · Evidence leans up · 76% evidence 53.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.8/35 · Income 7.6% · Profit 20.7% · 71% evidence Capital efficiency 15.7/25 · ROA 2.4% · ROE 6.9% · GNPA n/a · 68% evidence Valuation 7.7/20 · P/BV 1.97× · P/BV÷ROE 0.29 · 70% evidence Relative strength 10.5/20 · Lead over its industry 4.6% · Lead over S&P 500 -8.5% · 1 year -5% · 100% evidence · 0 of 12 weeks ahead Exact sum: 19.8 + 15.7 + 7.7 + 10.5 = 53.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. AvalonBay Communities, Inc. this page AVB · Too little evidence to rank firmly · 56% evidence 53.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.3/43.75 · Income 3.7% · Profit -11.5% · 71% evidence Capital efficiency 22.3/31.25 · ROA 2.5% · ROE 11.2% · GNPA n/a · 68% evidence Valuation 13.6/25 · P/BV 2.19× · P/BV÷ROE 0.2 · 70% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 17.3 + 22.3 + 13.6 = 53.2 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 7. [Essex Property Trust, Inc.](https://www.sectoralpha.in/us/stocks/ess) ESS · basing · Evidence leans down · 76% evidence 49.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.3/35 · Income 4.7% · Profit -48.2% · 71% evidence Capital efficiency 17.4/25 · ROA 3.4% · ROE 7.9% · GNPA n/a · 68% evidence Valuation 4.7/20 · P/BV 3.4× · P/BV÷ROE 0.43 · 70% evidence Relative strength 12.7/20 · Lead over its industry 7.9% · Lead over S&P 500 -5.5% · 1 year 1.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 14.3 + 17.4 + 4.7 + 12.7 = 49.1 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 8. Clipper Realty Inc. CLPR · breaking out · Too little evidence to rank firmly · 55% evidence 47.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 9.9/35 · Income -1.3% · Profit n/a · 45% evidence Capital efficiency 9.2/25 · ROA 1.6% · ROE -267.6% · GNPA n/a · 68% evidence Valuation 9.8/20 · P/BV -0.42× · P/BV÷ROE n/a · 10% evidence Relative strength 18.9/20 · Lead over its industry 13.2% · Lead over S&P 500 -1.3% · 1 year -9.7% · 100% evidence · 8 of 12 weeks ahead Exact sum: 9.9 + 9.2 + 9.8 + 18.9 = 47.8 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 9. [UMH Properties, Inc.](https://www.sectoralpha.in/us/stocks/umh) UMH · quiet · Evidence leans down · 76% evidence 46.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.6/35 · Income 8.4% · Profit -18.2% · 71% evidence Capital efficiency 12.6/25 · ROA 1.7% · ROE 3.4% · GNPA n/a · 68% evidence Valuation 5.8/20 · P/BV 1.45× · P/BV÷ROE 0.42 · 70% evidence Relative strength 10.9/20 · Lead over its industry 3.7% · Lead over S&P 500 -9.4% · 1 year -2.9% · 100% evidence · 2 of 12 weeks ahead Exact sum: 17.6 + 12.6 + 5.8 + 10.9 = 46.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Camden Property Trust](https://www.sectoralpha.in/us/stocks/cpt) CPT · basing · Evidence leans down · 76% evidence 46.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.3/35 · Income 0.7% · Profit 100% · 71% evidence Capital efficiency 14.2/25 · ROA 2.1% · ROE 4.2% · GNPA n/a · 68% evidence Valuation 4.1/20 · P/BV 3.03× · P/BV÷ROE 0.72 · 70% evidence Relative strength 9.5/20 · Lead over its industry 3.6% · Lead over S&P 500 -9.5% · 1 year -1.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 18.3 + 14.2 + 4.1 + 9.5 = 46.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Independence Realty Trust, Inc.](https://www.sectoralpha.in/us/stocks/irt) IRT · basing · Evidence leans down · 64% evidence 42.6 out of 100 Growth Capital Valuation Relative
12. [Equity Residential](https://www.sectoralpha.in/us/stocks/eqr) EQR · Too little evidence to rank firmly · 56% evidence 42.3 out of 100 Growth Capital Valuation Relative
13. [Sun Communities, Inc.](https://www.sectoralpha.in/us/stocks/sui) SUI · basing · Evidence leans down · 76% evidence 41.9 out of 100 Growth Capital Valuation Relative
14. [Centerspace](https://www.sectoralpha.in/us/stocks/csr) CSR · turning · Too little evidence to rank firmly · 55% evidence 40.7 out of 100 Growth Capital Valuation Relative
15. [Mid-America Apartment Communities, Inc.](https://www.sectoralpha.in/us/stocks/maa) MAA · basing · Evidence leans down · 76% evidence 36.9 out of 100 Growth Capital Valuation Relative
16. [BRT Apartments Corp.](https://www.sectoralpha.in/us/stocks/brt) BRT · basing · Too little evidence to rank firmly · 55% evidence 35.2 out of 100 Growth Capital Valuation Relative
17. [NexPoint Residential Trust, Inc.](https://www.sectoralpha.in/us/stocks/nxrt) NXRT · quiet · Too little evidence to rank firmly · 55% evidence 30.7 out of 100 Growth Capital Valuation Relative
18. [National Healthcare Properties, Inc.](https://www.sectoralpha.in/us/stocks/nhp) NHP · Too little evidence to rank firmly · 35% evidence 45.0 out of 100 Growth Capital Valuation Relative
19. Elme Communities ELME · Too little evidence to rank firmly · 19% evidence 44.5 out of 100 Growth Capital Valuation Relative
20. Bluerock Homes Trust, Inc. BHM · Too little evidence to rank firmly · 35% evidence 42.5 out of 100 Growth Capital Valuation Relative
21. [Apartment Investment and Management Company](https://www.sectoralpha.in/us/stocks/aiv) AIV · basing · Too little evidence to rank firmly · 39% evidence 37.2 out of 100 Growth Capital Valuation Relative
22. [Janus Living, Inc.](https://www.sectoralpha.in/us/stocks/jan) JAN · quiet · Too little evidence to rank firmly · 31% evidence 35.0 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [REIT - Residential](https://www.sectoralpha.in/us/sectors/reit-residential), all 22 compared on one page. ## Which companies are close to AvalonBay Communities in size? AvalonBay Communities is the 2nd largest of 18 REIT - Residential companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Equity Residential. Just below it: Essex Property Trust, Inc., Invitation Homes Inc., Sun Communities, Inc., Mid-America Apartment Communities, Inc. and American Homes 4 Rent. ### REIT - Residential companies close in size

1. [Equity Residential](https://www.sectoralpha.in/us/stocks/eqr) $48 billion
2. AvalonBay Communities, Inc. $26.4 billion
3. [Essex Property Trust, Inc.](https://www.sectoralpha.in/us/stocks/ess) $17.6 billion
4. [Invitation Homes Inc.](https://www.sectoralpha.in/us/stocks/invh) $15.4 billion
5. [Sun Communities, Inc.](https://www.sectoralpha.in/us/stocks/sui) $14 billion
6. [Mid-America Apartment Communities, Inc.](https://www.sectoralpha.in/us/stocks/maa) $14 billion
7. [American Homes 4 Rent](https://www.sectoralpha.in/us/stocks/amh) $12.9 billion

[All 18 REIT - Residential companies, largest first](https://www.sectoralpha.in/us/sectors/reit-residential#all-companies)

### Companies close in size in other industries

1. [MongoDB, Inc.](https://www.sectoralpha.in/us/stocks/mdb) $26.6 billion · Software - Infrastructure
2. [Fox Corporation](https://www.sectoralpha.in/us/stocks/foxa) $26.5 billion · Entertainment
3. AvalonBay Communities, Inc. $26.4 billion
4. [Coupang, Inc.](https://www.sectoralpha.in/us/stocks/cpng) $26.4 billion · Internet Retail
5. [Global Payments Inc.](https://www.sectoralpha.in/us/stocks/gpn) $26.4 billion · Specialty Business Services

## What else do people ask about AvalonBay Communities? ### What were AvalonBay Communities's latest quarterly results? AvalonBay Communities, Inc. reported revenue of $785 M and net profit of $155 M for the Jun 2026 quarter. Revenue rose 3.3% and profit fell 42.1% compared with a year earlier. Earnings per share were $1.11. The operating margin was 29.5%, 0.2 percentage points lower than a year earlier (as of 14 August 2026). ### What is AvalonBay Communities's market cap? AvalonBay Communities, Inc.'s market capitalisation is $26.4 B at a stock price of $184.06. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 14 August 2026). ### How is AvalonBay Communities performing? AvalonBay Communities, Inc.'s share price has been stalling near its high for 8 weeks. In its latest quarter, revenue rose 3.3% and profit fell 42.1% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 3 weeks running (as of 14 August 2026). ### Will AvalonBay Communities's stock price go up? This page does not forecast AvalonBay Communities, Inc.'s stock price. What it shows instead: the stock price is $184.06, and it has been stalling near its high for 8 weeks. Its P/E of 25.3× is higher than 48% of its own last 4 years (as of 14 August 2026). ### Where is AvalonBay Communities in its business cycle? AvalonBay Communities, Inc.'s FY25 operating margin was 29.9%, against a 5-year range of 27.9% to 30.9%: the middle of its own range, neither a peak nor a low. The latest quarter was 29.5%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 14 August 2026). ### What could break the AvalonBay Communities story? Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 14 August 2026). ### Is AvalonBay Communities a stock worth studying right now? What the numbers show: AvalonBay Communities, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 14 August 2026). This is research, not advice. We’re not SEBI-registered.