AvalonBay Communities, Inc.
NYSE:AVB
189.02 (USD) • At close September 2, 2025
Overview | Financials
Numbers are in millions (except for per share data and ratios) USD.
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue
| 2,913.757 | 2,767.909 | 2,593.446 | 2,294.85 | 2,301.261 | 2,324.626 | 2,284.535 | 2,158.628 | 2,045.255 | 1,856.028 | 1,685.061 | 1,462.921 | 1,000.627 | 900.087 | 842.82 | 829.924 | 814.224 | 766.663 | 721.429 | 655.211 | 648.454 | 609.651 | 533.74 | 523.191 | 573.395 | 505.979 | 371.403 | 178.8 | 82.593 | 55.9 | 32 |
| Cost of Revenue
| 1,073.457 | 988.132 | 919.114 | 853.942 | 823.102 | 768.106 | 766.556 | 722.299 | 683.274 | 642.246 | 589.306 | 511.019 | 356.905 | 335.836 | 334.121 | 327.744 | 322.799 | 302.25 | 217.134 | 197.99 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit
| 1,840.3 | 1,779.777 | 1,674.332 | 1,440.908 | 1,478.159 | 1,556.52 | 1,517.979 | 1,436.329 | 1,361.981 | 1,213.782 | 1,095.755 | 951.902 | 643.722 | 564.251 | 508.699 | 502.18 | 491.425 | 464.413 | 504.295 | 457.221 | 648.454 | 609.651 | 533.74 | 523.191 | 573.395 | 505.979 | 371.403 | 178.8 | 82.593 | 55.9 | 32 |
| Gross Profit Ratio
| 0.632 | 0.643 | 0.646 | 0.628 | 0.642 | 0.67 | 0.664 | 0.665 | 0.666 | 0.654 | 0.65 | 0.651 | 0.643 | 0.627 | 0.604 | 0.605 | 0.604 | 0.606 | 0.699 | 0.698 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Reseach & Development Expenses
| 0 | 0 | 16.565 | 3.231 | 12.399 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| General & Administrative Expenses
| 77.697 | 76.534 | 74.064 | 69.611 | 60.343 | 58.042 | 60.369 | 53.695 | 45.771 | 42.774 | 41.425 | 39.573 | 34.101 | 29.371 | 26.846 | 0 | 0 | 0 | 24.767 | 25.761 | 18.074 | 13.734 | 13.449 | 14.705 | 0 | 0 | 7.674 | 6.308 | 3.895 | 2.5 | 1.6 |
| Selling & Marketing Expenses
| 0 | 0 | 0 | 0 | 0 | 3.812 | 1.044 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.45 | 0 | 0 | 0 | 0 |
| SG&A
| 77.697 | 76.534 | 74.064 | 69.611 | 60.343 | 58.042 | 60.369 | 53.695 | 45.771 | 42.774 | 41.425 | 39.573 | 34.101 | 29.371 | 26.846 | 28.748 | 42.781 | 28.494 | 24.767 | 25.761 | 18.074 | 13.734 | 13.449 | 14.705 | 13.013 | 9.592 | 9.124 | 6.308 | 3.895 | 2.5 | 1.6 |
| Other Expenses
| 846.853 | 816.965 | 798.413 | 755.365 | 694.932 | 661.578 | 631.196 | 584.15 | 531.434 | 477.923 | 442.682 | 560.215 | 243.68 | 226.728 | 220.563 | 204.481 | 181.909 | 168.324 | 227.228 | 220.43 | 412.703 | 521.734 | -361.501 | 283.2 | 312.232 | 287.977 | 213.495 | -102.308 | 58.242 | -33 | -19.8 |
| Operating Expenses
| 924.55 | 893.499 | 889.042 | 828.207 | 767.674 | 719.62 | 691.565 | 637.845 | 577.205 | 520.697 | 484.107 | 599.788 | 277.781 | 256.099 | 247.409 | 233.229 | 224.69 | 196.818 | 251.995 | 246.191 | 430.777 | 535.468 | -348.052 | 297.905 | 325.245 | 297.569 | 222.619 | -96 | 62.137 | -30.5 | -18.2 |
| Operating Income
| 915.75 | 886.278 | 785.29 | 612.701 | 710.485 | 836.9 | 826.414 | 798.484 | 784.776 | 693.085 | 611.648 | 352.114 | 365.941 | 308.152 | 261.29 | 268.951 | 266.735 | 267.595 | 252.3 | 211.03 | 217.677 | 74.183 | 881.792 | 225.286 | 248.15 | 208.41 | 148.784 | 274.8 | 20.456 | 86.4 | 50.2 |
| Operating Income Ratio
| 0.314 | 0.32 | 0.303 | 0.267 | 0.309 | 0.36 | 0.362 | 0.37 | 0.384 | 0.373 | 0.363 | 0.241 | 0.366 | 0.342 | 0.31 | 0.324 | 0.328 | 0.349 | 0.35 | 0.322 | 0.336 | 0.122 | 1.652 | 0.431 | 0.433 | 0.412 | 0.401 | 1.537 | 0.248 | 1.546 | 1.569 |
| Total Other Income Expenses Net
| 166.87 | 52.313 | 365.794 | 397.388 | 113.974 | -37.794 | 147.601 | 78.317 | 249.237 | 50.131 | 56.868 | -294.287 | -115.51 | -167.937 | -169.235 | -186.253 | -266.735 | -19.927 | -88.783 | -114.975 | -217.677 | -74.183 | -881.792 | -225.286 | -248.15 | -208.41 | -148.784 | -274.8 | -20.456 | -86.4 | -50.2 |
| Income Before Tax
| 1,082.62 | 938.591 | 1,151.084 | 1,010.089 | 824.459 | 799.106 | 974.175 | 876.66 | 1,034.013 | 743.594 | 668.516 | 57.827 | 264.756 | 165.938 | 98.068 | 200.826 | 411.487 | 247.668 | 278.399 | 322.378 | 219.745 | 271.525 | 173.618 | 0 | 0 | 0 | 145.093 | 0 | 0 | 0 | 0 |
| Income Before Tax Ratio
| 0.372 | 0.339 | 0.444 | 0.44 | 0.358 | 0.344 | 0.426 | 0.406 | 0.506 | 0.401 | 0.397 | 0.04 | 0.265 | 0.184 | 0.116 | 0.242 | 0.505 | 0.323 | 0.386 | 0.492 | 0.339 | 0.445 | 0.325 | 0 | 0 | 0 | 0.391 | 0 | 0 | 0 | 0 |
| Income Tax Expense
| 0.445 | 10.153 | 14.646 | 5.733 | -3.247 | 13.003 | -0.16 | 0.141 | 0.305 | 1.861 | 9.368 | -138.056 | -7.35 | -105.229 | 97.946 | 113.321 | 227.477 | -13.492 | -7.914 | 243.994 | 224.121 | -26.288 | -47.085 | 33.269 | 37.546 | 19.352 | 46.659 | 0.47 | 0.83 | 74.9 | 42.7 |
| Net Income
| 1,081.994 | 928.825 | 1,136.775 | 1,004.299 | 827.63 | 785.974 | 974.525 | 876.921 | 1,034.002 | 742.038 | 683.567 | 353.141 | 423.869 | 441.622 | 175.331 | 155.647 | 411.487 | 358.16 | 278.399 | 322.378 | 219.745 | 271.525 | 173.618 | 248.997 | 210.604 | 172.276 | 94.434 | 38.941 | 19.626 | 11.5 | 7.5 |
| Net Income Ratio
| 0.371 | 0.336 | 0.438 | 0.438 | 0.36 | 0.338 | 0.427 | 0.406 | 0.506 | 0.4 | 0.406 | 0.241 | 0.424 | 0.491 | 0.208 | 0.188 | 0.505 | 0.467 | 0.386 | 0.492 | 0.339 | 0.445 | 0.325 | 0.476 | 0.367 | 0.34 | 0.254 | 0.218 | 0.238 | 0.206 | 0.234 |
| EPS
| 7.61 | 6.57 | 8.13 | 7.19 | 5.89 | 5.64 | 7.05 | 6.36 | 7.53 | 5.54 | 5.22 | 2.78 | 4.34 | 4.89 | 2.08 | 1.94 | 5.22 | 4.44 | 3.48 | 4.14 | 2.95 | 3.8 | 2.26 | 3.08 | 2.58 | 2.05 | 1.87 | 1.6 | 1.02 | 0.91 | 0.65 |
| EPS Diluted
| 7.6 | 6.56 | 8.11 | 7.17 | 5.88 | 5.63 | 7.05 | 6.35 | 7.52 | 5.51 | 5.21 | 2.78 | 4.32 | 4.87 | 2.07 | 1.93 | 5.17 | 4.38 | 3.42 | 4.05 | 2.92 | 3.73 | 2.23 | 3.02 | 2.53 | 2.03 | 1.84 | 1.59 | 1.02 | 0.91 | 0.65 |
| EBITDA
| 2,156.062 | 1,961.548 | 2,196.136 | 1,989.1 | 1,745.941 | 1,664.269 | 1,826.185 | 1,660.612 | 1,752.957 | 1,396.754 | 1,291.816 | 790.444 | 631.031 | 534.757 | 482.615 | 487.237 | 466.187 | 449.32 | 416.429 | 374.326 | 385.276 | 232.163 | 1,034.279 | 362.687 | 374.177 | 322.133 | 229.413 | 305.9 | 39.145 | 100.1 | 58.6 |
| EBITDA Ratio
| 0.74 | 0.709 | 0.847 | 0.867 | 0.759 | 0.716 | 0.799 | 0.769 | 0.857 | 0.753 | 0.767 | 0.54 | 0.631 | 0.594 | 0.573 | 0.587 | 0.573 | 0.586 | 0.577 | 0.571 | 0.594 | 0.381 | 1.938 | 0.693 | 0.653 | 0.637 | 0.618 | 1.711 | 0.474 | 1.791 | 1.831 |