AvalonBay Communities, Inc. (AVB) - Quarterly Income Statement

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AVB
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191.07 (USD) • At close September 3, 2025

Overview | Financials

Numbers are in millions (except for per share data and ratios) USD.

	2025 Q2	2025 Q1	2024 Q4	2024 Q3	2024 Q2	2024 Q1	2023 Q4	2023 Q3	2023 Q2	2023 Q1	2022 Q4	2022 Q3	2022 Q2	2022 Q1	2021 Q4	2021 Q3	2021 Q2	2021 Q1	2020 Q4	2020 Q3	2020 Q2	2020 Q1	2019 Q4	2019 Q3	2019 Q2	2019 Q1	2018 Q4	2018 Q3	2018 Q2	2018 Q1	2017 Q4	2017 Q3	2017 Q2	2017 Q1	2016 Q4	2016 Q3	2016 Q2	2016 Q1	2015 Q4	2015 Q3	2015 Q2	2015 Q1	2014 Q4	2014 Q3	2014 Q2	2014 Q1	2013 Q4	2013 Q3	2013 Q2	2013 Q1	2012 Q4	2012 Q3	2012 Q2	2012 Q1	2011 Q4	2011 Q3	2011 Q2	2011 Q1	2010 Q4	2010 Q3	2010 Q2	2010 Q1	2009 Q4	2009 Q3	2009 Q2	2009 Q1	2008 Q4	2008 Q3	2008 Q2	2008 Q1	2007 Q4	2007 Q3	2007 Q2	2007 Q1	2006 Q4	2006 Q3	2006 Q2	2006 Q1	2005 Q4	2005 Q3	2005 Q2	2005 Q1	2004 Q4	2004 Q3	2004 Q2	2004 Q1	2003 Q4	2003 Q3	2003 Q2	2003 Q1	2002 Q4	2002 Q3	2002 Q2	2002 Q1	2001 Q4	2001 Q3	2001 Q2	2001 Q1	2000 Q4	2000 Q3	2000 Q2	2000 Q1	1999 Q4	1999 Q3	1999 Q2	1999 Q1	1998 Q4	1998 Q3	1998 Q2	1998 Q1	1997 Q4	1997 Q3	1997 Q2	1997 Q1	1996 Q4	1996 Q3	1996 Q2	1996 Q1	1995 Q4	1995 Q3	1995 Q2	1995 Q1	1994 Q4	1994 Q3	1994 Q2	1994 Q1
Revenue Numbers are in millions	760.195	745.88	740.549	734.307	726.041	712.859	704.705	697.635	690.86	674.708	669.671	665.288	644.559	613.927	601.197	580.774	561.743	551.135	555.802	567.404	576.405	602.267	593.566	587.613	577.263	566.184	578.52	575.982	569.239	560.792	555.291	550.5	530.512	522.326	518.24	516.211	502.307	508.498	480.841	475.36	457.459	442.367	440.654	430.525	413.806	400.075	382.45	389.189	378.207	301.357	257.384	261.321	252.445	246.032	241.091	243.719	235.581	228.53	231.892	225.558	220.342	215.449	193.741	215.043	212.259	209.733	220.353	215.39	211.191	204.173	212.386	196.532	190.924	188.615	193.8	183.646	179.083	175.159	174.977	170.817	165.652	159.979	161.413	155.913	157.414	153.428	155.233	151.182	149.348	148.002	161.347	148.722	160.785	160.104	160.272	202.515	162.359	155.757	151.998	162.87	152.45	135.088	112.044	140.9	154.3	121.3	116.084	119.9	70.8	45.4	37.234	32.7	29.8	26.3	24.693	23.1	18.4	16.5	15.2	13.6	15.3	11.9	11	10.5	9	1.5
Cost of Revenue Numbers are in millions	276.971	268.861	281.649	275.46	260.651	255.696	250.379	253.59	244.835	239.327	229.138	240.671	227.254	222.05	211.047	221.036	212.398	209.46	213.138	212.843	198.103	199.635	190.391	197.819	195.111	184.784	192.737	193.467	190.83	191.153	181.807	187.288	180.253	175.974	169.444	177.127	170.01	166.693	158.24	166.071	157.982	159.954	152.574	150.208	143.498	143.027	135.899	139.041	128.876	103.73	99.14	92.946	91.279	88.208	87.762	92.009	87.217	87.907	93.064	89.794	88.887	88.068	81.057	87.786	85.946	83.666	149.126	83.507	80.163	59.753	0	58.635	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	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	0	0
Gross Profit Numbers are in millions	483.224	477.019	458.9	458.847	465.39	457.163	454.326	444.045	446.025	435.381	440.533	424.617	417.305	391.877	390.15	359.738	349.345	341.675	342.664	354.561	378.302	402.632	403.175	389.794	382.152	381.4	385.783	382.515	378.409	369.639	373.484	363.212	350.259	346.352	348.796	339.084	332.297	341.805	322.601	309.289	299.477	282.413	288.08	280.317	270.308	257.048	246.551	250.148	249.331	197.627	158.244	168.375	161.166	157.824	153.329	151.71	148.364	140.623	138.828	135.764	131.455	127.381	112.684	127.257	126.313	126.067	71.227	131.883	44.399	144.42	212.386	137.897	190.924	188.615	193.8	183.646	179.083	175.159	174.977	170.817	165.652	159.979	161.413	155.913	157.414	153.428	155.233	151.182	149.348	148.002	161.347	148.722	160.785	160.104	160.272	202.515	162.359	155.757	151.998	162.87	152.45	135.088	112.044	140.9	154.3	121.3	116.084	119.9	70.8	45.4	37.234	32.7	29.8	26.3	24.693	23.1	18.4	16.5	15.2	13.6	15.3	11.9	11	10.5	9	1.5
Gross Profit Ratio Numbers are in millions	0.636	0.64	0.62	0.625	0.641	0.641	0.645	0.637	0.646	0.645	0.658	0.638	0.647	0.638	0.649	0.619	0.622	0.62	0.617	0.625	0.656	0.669	0.679	0.663	0.662	0.674	0.667	0.664	0.665	0.659	0.673	0.66	0.66	0.663	0.673	0.657	0.662	0.672	0.671	0.651	0.655	0.638	0.654	0.651	0.653	0.642	0.645	0.643	0.659	0.656	0.615	0.644	0.638	0.641	0.636	0.622	0.63	0.615	0.599	0.602	0.597	0.591	0.582	0.592	0.595	0.601	0.323	0.612	0.21	0.707	1	0.702	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Reseach & Development Expenses Numbers are in millions	0	0	0	0	0	0	0	0	1.261	2.992	0	0	2.364	0.987	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	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	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	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	0	0	0	0	0	0	0	0
General & Administrative Expenses Numbers are in millions	22.997	19.78	17.691	20.089	19.586	20.331	17.992	20.466	17.676	20.4	20.741	14.611	21.291	17.421	16.481	17.313	18.465	17.352	13.465	13.985	15.573	17.32	12.602	12.769	18.965	13.706	14.352	14.744	15.209	14.431	11.865	11.655	13.947	13.206	10.428	11.928	12.011	11.404	9.782	10.464	10.335	10.468	10.68	11.29	10.22	9.236	8.311	9.878	11.345	10.039	0	8.372	8.316	9.71	0	0	0	0	0	0	0	0	0	0	0	0	0	0	9.383	8.119	0	6.645	6.642	6.78	6.372	5.633	6.479	6.283	6.483	5.857	6.262	7.159	6.303	3.898	4.071	3.971	3.098	3.382	3.623	3.631	0	2.966	3.483	3.694	0	3.421	3.743	3.805	0	3.359	3.285	2.947	0	2.3	2.4	2.4	2.174	2.6	1.8	1.2	1.708	1.7	1.5	1.4	1.195	1	0.9	0.9	0.7	0.7	0.6	0.5	0.5	0.6	0.5	0.1
Selling & Marketing Expenses Numbers are in millions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1.286	1.108	0	0	0	0.339	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	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	0	0	0	0	0.415	0.742	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
SG&A Numbers are in millions	22.997	19.78	17.691	20.089	19.586	20.331	17.992	20.466	17.676	20.4	20.741	14.611	21.291	17.421	16.481	17.313	18.465	17.352	13.465	13.985	15.573	17.32	12.602	12.769	18.965	13.706	14.352	14.744	15.209	14.431	11.865	11.655	13.947	13.206	10.428	11.928	12.011	11.404	9.782	10.464	10.335	10.468	10.68	11.29	10.22	9.236	8.311	9.878	11.345	10.039	7.703	8.372	8.316	9.71	7.847	6.087	8.145	7.292	6.871	7.039	4.041	8.895	10.36	5.75	5.39	7.247	15.96	9.318	9.383	8.119	8.427	6.645	6.642	6.78	6.372	5.633	6.479	6.283	6.483	5.857	6.262	7.159	6.303	3.898	4.486	4.713	3.098	3.382	3.623	3.631	4.112	2.966	3.483	3.694	4.255	3.421	3.743	3.805	3.422	3.359	3.285	2.947	2.402	2.3	2.4	2.4	2.174	2.6	1.8	1.2	1.708	1.7	1.5	1.4	1.195	1	0.9	0.9	0.7	0.7	0.6	0.5	0.5	0.6	0.5	0.1
Other Expenses Numbers are in millions	231.73	217.888	215.539	212.122	206.923	212.269	210.694	200.982	199.285	201.751	207.232	206.658	196.938	200.799	197.036	193.791	184.472	183.297	177.823	175.348	176.249	177.911	171.365	165.463	162.693	162.057	158.914	156.538	156.685	159.059	157.1	144.99	141.439	140.621	140.02	131.729	132.469	127.216	122.259	120.184	118.627	116.853	114.084	111.836	110.395	106.367	102.378	159.873	189.977	105.559	62.592	62.75	63.224	61.571	61.595	60.893	60.836	59.65	60.615	57.926	57.317	55.972	75.721	52.987	51.174	49.011	-5.872	48.698	47.648	64.938	133.566	60.849	115.387	114.454	115.402	111.53	111.725	108.853	107.572	106.112	101.694	99.38	100.432	101.421	100.169	98.435	233.057	97.59	93.565	92.904	220.635	-93.413	91.994	89.393	86.794	-89.992	85.904	83.727	81.428	-82.506	-80.955	73.987	525.214	-76.6	-72	-73	341.717	-69.6	-41.1	-26	131.515	-18.8	-17.4	-15	91.942	-13.4	-10.7	-9.8	-9.2	-8.5	-7.8	-7.5	-8.6	-5.7	-4.7	-0.8
Operating Expenses Numbers are in millions	254.727	237.668	233.23	232.211	226.509	232.6	228.686	221.448	218.222	225.143	227.973	221.269	220.593	219.207	213.517	211.104	202.937	200.649	191.288	189.333	191.822	195.231	183.967	178.232	181.658	175.763	173.266	171.282	171.894	173.49	168.965	156.645	155.386	153.827	150.448	143.657	144.48	138.62	132.041	130.648	128.962	127.321	124.764	123.126	120.615	115.603	110.689	169.751	201.322	115.598	70.295	71.122	71.54	71.281	69.442	66.98	68.981	66.942	67.486	64.965	61.358	64.867	86.081	58.737	56.564	56.258	10.088	58.016	57.031	73.057	141.993	67.494	122.029	121.234	121.774	117.163	118.204	115.136	114.055	111.969	107.956	106.539	106.735	105.319	104.655	103.148	236.155	100.972	97.188	96.535	224.747	-90.447	95.477	93.087	91.049	-86.571	89.647	87.532	84.85	-79.147	-77.67	76.934	527.616	-74.3	-69.6	-70.6	343.891	-67	-39.3	-24.8	133.223	-17.1	-15.9	-13.6	93.137	-12.4	-9.8	-8.9	-8.5	-7.8	-7.2	-7	-8.1	-5.1	-4.2	-0.7
Operating Income Numbers are in millions	228.497	239.351	225.67	226.636	238.881	224.563	225.64	222.597	227.803	210.238	212.56	203.348	196.712	172.67	176.633	148.634	146.408	141.026	151.376	165.228	186.48	207.401	219.208	211.562	200.494	205.637	212.517	211.233	206.515	196.149	204.519	206.567	194.873	192.525	198.348	195.427	187.817	203.185	190.56	178.641	170.515	155.092	163.316	157.191	149.693	141.445	135.862	80.397	48.009	82.029	87.949	97.253	89.626	86.543	83.887	84.73	79.383	73.681	71.342	70.799	70.097	62.514	26.603	68.52	69.749	69.809	61.139	73.867	73.997	71.363	70.393	70.403	68.895	67.381	72.026	66.483	60.879	60.023	60.922	58.848	57.696	53.44	54.678	50.594	52.759	50.28	-80.922	50.21	52.16	51.467	-63.4	239.169	65.308	67.017	69.223	289.086	72.712	68.225	67.148	242.017	230.12	58.154	-415.572	215.2	223.9	191.9	-227.807	186.9	110.1	70.2	-95.989	49.8	45.7	39.9	-68.444	35.5	28.2	25.4	23.7	21.4	22.5	18.9	19.1	15.6	13.2	2.2
Operating Income Ratio Numbers are in millions	0.301	0.321	0.305	0.309	0.329	0.315	0.32	0.319	0.33	0.312	0.317	0.306	0.305	0.281	0.294	0.256	0.261	0.256	0.272	0.291	0.324	0.344	0.369	0.36	0.347	0.363	0.367	0.367	0.363	0.35	0.368	0.375	0.367	0.369	0.383	0.379	0.374	0.4	0.396	0.376	0.373	0.351	0.371	0.365	0.362	0.354	0.355	0.207	0.127	0.272	0.342	0.372	0.355	0.352	0.348	0.348	0.337	0.322	0.308	0.314	0.318	0.29	0.137	0.319	0.329	0.333	0.277	0.343	0.35	0.35	0.331	0.358	0.361	0.357	0.372	0.362	0.34	0.343	0.348	0.345	0.348	0.334	0.339	0.325	0.335	0.328	-0.521	0.332	0.349	0.348	-0.393	1.608	0.406	0.419	0.432	1.427	0.448	0.438	0.442	1.486	1.509	0.43	-3.709	1.527	1.451	1.582	-1.962	1.559	1.555	1.546	-2.578	1.523	1.534	1.517	-2.772	1.537	1.533	1.539	1.559	1.574	1.471	1.588	1.736	1.486	1.467	1.467
Total Other Income Expenses Net Numbers are in millions	40.827	-2.87	56.169	146.665	15.064	-51.028	18.864	-46.435	139.787	-59.903	35.287	296.935	-58.305	91.877	162.964	-67.608	301.579	0.453	187.56	-17.538	-16.744	-39.304	-49.712	79.331	-32.189	-35.225	172.871	-18.797	48.086	-54.559	33.006	31.656	-29.621	43.276	44.045	160.924	9.538	34.729	-33.347	27.474	3.031	52.976	-11.422	83.81	22.504	-38.025	-53.47	-96.345	-47.675	-96.797	-26.452	-14.846	-31.739	-32.869	-34.416	-40.38	-44.149	-42.468	-71.342	-44.587	-40.995	-42.314	-26.603	-68.52	-69.749	-69.809	-61.139	-73.867	-73.997	-71.363	-70.393	-70.403	-68.895	-67.381	-72.026	-66.483	-60.879	-60.023	-60.922	-58.848	-57.696	-53.44	-54.678	-50.594	-52.759	-50.28	80.922	-50.21	-52.16	-51.467	63.4	-239.169	-65.308	-67.017	-69.223	-289.086	-72.712	-68.225	-67.148	-242.017	-230.12	-58.154	415.572	-215.2	-223.9	-191.9	227.807	-186.9	-110.1	-70.2	95.989	-49.8	-45.7	-39.9	68.444	-35.5	-28.2	-25.4	-23.7	-21.4	-22.5	-18.9	-19.1	-12.4	-10	-1.7
Income Before Tax Numbers are in millions	269.324	236.481	281.839	373.301	253.945	173.535	244.504	176.162	367.59	150.335	247.847	500.283	138.407	264.547	339.597	81.026	447.987	141.479	338.936	147.69	169.736	168.097	169.496	290.893	168.305	170.418	385.636	192.407	254.543	141.59	237.486	238.199	165.194	235.781	242.393	356.351	197.355	237.914	155.567	206.115	173.546	208.053	151.862	241.001	172.197	103.42	88.209	-14.106	2.052	-11.468	68.237	86.747	60.62	56.688	49.471	46.485	35.608	30.537	147.867	26.212	51.066	72.366	27.644	58.101	16.723	76.205	411.487	233.581	51.052	74.841	358.16	0.001	0	114.077	278.399	45.076	0	114.077	322.378	99.128	70.356	0	219.745	45.366	0	0	271.525	0	0	0	173.618	28.711	37.346	0	0	86.668	48.518	51.599	0	78.366	69.845	0	0	222.1	195.5	185.2	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3.2	3.2	0.5
Income Before Tax Ratio Numbers are in millions	0.354	0.317	0.381	0.508	0.35	0.243	0.347	0.253	0.532	0.223	0.37	0.752	0.215	0.431	0.565	0.14	0.797	0.257	0.61	0.26	0.294	0.279	0.286	0.495	0.292	0.301	0.667	0.334	0.447	0.252	0.428	0.433	0.311	0.451	0.468	0.69	0.393	0.468	0.324	0.434	0.379	0.47	0.345	0.56	0.416	0.259	0.231	-0.036	0.005	-0.038	0.265	0.332	0.24	0.23	0.205	0.191	0.151	0.134	0.638	0.116	0.232	0.336	0.143	0.27	0.079	0.363	1.867	1.084	0.242	0.367	1.686	0	0	0.605	1.437	0.245	0	0.651	1.842	0.58	0.425	0	1.361	0.291	0	0	1.749	0	0	0	1.076	0.193	0.232	0	0	0.428	0.299	0.331	0	0.481	0.458	0	0	1.576	1.267	1.527	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0.305	0.356	0.333
Income Tax Expense Numbers are in millions	-0.531	-0.116	-0.253	0.782	-0.062	-0.022	2.438	4.372	-0.217	3.56	6.683	5.651	-0.159	2.471	4.299	2.179	0.01	-0.755	-2.178	-0.027	-1.133	0.091	1.825	11.184	0	0.012	-0.247	0.029	0.058	0	0.039	0.024	0.058	0.02	0.21	0.022	0.036	0.037	0.215	0.039	1.293	80.048	9.332	176.869	65.543	8.458	124.452	42.771	6.967	-68.3	-8.434	19.694	-63.376	33.735	0	45.967	39.431	44.97	122.09	0	18.763	-10.129	-8.489	15.619	60.383	29.104	409.365	-128.676	3.728	26.357	226.341	-95.687	-15.13	23.868	229.122	25.978	32.646	-17.323	225.649	62.531	4.211	-12.447	105.677	-54.256	19.959	26.528	171.243	-6.539	-22.251	16.517	106.778	31.68	0	26.296	7.011	0	-35.904	16.626	12.867	5.351	8.346	10.982	-489.848	171.1	161.2	176.8	-259.541	155.4	92.5	56.4	-108.03	39.2	37.2	32.1	-75.47	29.7	24.6	22.2	20.6	19.3	18.1	17	16.7	0.9	0.8	0.1
Net Income Numbers are in millions	268.665	236.597	282.092	372.519	253.934	173.449	241.969	172.031	367.923	146.902	241.293	494.747	138.444	262.044	334.552	78.754	447.051	141.899	340.331	147.361	170.438	167.544	167.242	278.973	167.846	169.865	384.617	191.931	253.935	141.213	236.904	237.576	164.757	235.223	241.661	355.52	196.928	237.299	155.098	205.675	171.879	207.615	141.973	240.734	157.832	141.507	251.815	-10.715	36.159	75.288	122.357	86.658	156.362	57.504	323.085	44.824	43.373	30.341	27.027	24.654	51.125	72.523	32.394	58.154	17.674	47.749	2.123	231.406	122.984	46.275	129.645	126.594	46.702	44.345	47.102	39.938	64.831	108.939	94.554	96.953	54.736	67.435	111.894	43.191	32.859	23.102	98.108	55.212	73.762	33.7	63.033	28.711	32.315	35.69	56.486	79.229	39.131	41.654	44.336	48.55	40.712	37.227	64.297	34.2	34.2	19.8	31.734	23.7	13.7	13	9.361	8.2	7.2	6.7	7.026	5.8	3.6	3.2	3.1	2.1	4.4	1.9	2.4	2.3	2.4	0.4
Net Income Ratio Numbers are in millions	0.353	0.317	0.381	0.507	0.35	0.243	0.343	0.247	0.533	0.218	0.36	0.744	0.215	0.427	0.556	0.136	0.796	0.257	0.612	0.26	0.296	0.278	0.282	0.475	0.291	0.3	0.665	0.333	0.446	0.252	0.427	0.432	0.311	0.45	0.466	0.689	0.392	0.467	0.323	0.433	0.376	0.469	0.322	0.559	0.381	0.354	0.658	-0.028	0.096	0.25	0.475	0.332	0.619	0.234	1.34	0.184	0.184	0.133	0.117	0.109	0.232	0.337	0.167	0.27	0.083	0.228	0.01	1.074	0.582	0.227	0.61	0.644	0.245	0.235	0.243	0.217	0.362	0.622	0.54	0.568	0.33	0.422	0.693	0.277	0.209	0.151	0.632	0.365	0.494	0.228	0.391	0.193	0.201	0.223	0.352	0.391	0.241	0.267	0.292	0.298	0.267	0.276	0.574	0.243	0.222	0.163	0.273	0.198	0.194	0.286	0.251	0.251	0.242	0.255	0.285	0.251	0.196	0.194	0.204	0.154	0.288	0.16	0.218	0.219	0.267	0.267
EPS Numbers are in millions	1.89	1.66	1.98	2.62	1.78	1.22	1.7	1.21	2.59	1.05	1.72	3.54	0.99	1.88	2.4	0.57	3.21	1.02	2.44	1.05	1.21	1.19	1.2	2	1.21	1.23	2.79	1.39	1.84	1.03	1.72	1.73	1.2	1.72	1.76	2.6	1.44	1.73	1.13	1.54	1.3	1.57	1.08	1.83	1.22	1.09	1.95	-0.083	0.28	0.63	1.19	0.89	1.64	0.61	3.39	0.49	0.5	0.35	0.31	0.29	0.61	0.89	0.4	0.72	0.22	0.6	0.027	3.01	1.63	0.6	1.71	1.6	0.62	0.57	0.63	0.54	0.87	1.48	1.31	1.32	0.75	0.93	1.57	0.6	0.46	0.33	1.43	0.8	1.1	0.5	0.99	0.42	0.47	0.52	0.91	1.16	0.58	0.62	0.81	0.73	0.62	0.56	1.12	0.52	0.53	0.31	0.5	0.37	0.35	0.49	0.45	0.36	0.33	0.33	0.35	0.31	0.28	0.19	0.27	0.18	0.38	0.17	0.21	0.2	0.21	0.03
EPS Diluted Numbers are in millions	1.88	1.66	1.98	2.61	1.78	1.22	1.7	1.21	2.58	1.05	1.72	3.53	0.99	1.87	2.4	0.56	3.21	1.02	2.44	1.05	1.21	1.19	1.2	2	1.21	1.23	2.79	1.39	1.84	1.03	1.72	1.72	1.2	1.72	1.76	2.59	1.44	1.73	1.13	1.53	1.29	1.56	1.08	1.83	1.21	1.09	1.95	-0.083	0.28	0.63	1.19	0.89	1.63	0.6	3.38	0.49	0.49	0.35	0.31	0.29	0.61	0.88	0.39	0.72	0.22	0.59	0.027	2.98	1.61	0.6	1.71	1.58	0.61	0.56	0.62	0.53	0.86	1.45	1.29	1.3	0.74	0.92	1.56	0.6	0.46	0.32	1.39	0.79	1.08	0.49	0.97	0.4	0.46	0.51	0.89	1.14	0.57	0.61	0.79	0.71	0.61	0.55	1.1	0.52	0.52	0.31	0.48	0.37	0.34	0.49	0.45	0.36	0.33	0.33	0.35	0.31	0.28	0.19	0.27	0.18	0.38	0.17	0.21	0.2	0.21	0.03
EBITDA Numbers are in millions	565.855	514.233	556.354	641.192	517.946	440.57	504.669	425.259	619.721	411.899	512.54	764.231	396.506	522.859	592.344	330.804	688.563	377.389	568.348	376.287	399.384	401.922	395.051	507.85	381.008	380.361	599.481	403.072	467.871	355.762	447.148	430.954	356.793	425.717	432.061	535.951	376.405	408.54	321.689	369.533	336.763	370.494	313.965	399.213	326.314	252.32	229.4	187.871	233.48	128.965	183.301	179.142	154.302	148.871	147.201	147.466	142.303	135.483	131.957	129.552	127.576	118.836	83.196	123.836	123.486	122.449	112.303	124.222	123.347	120.155	117.571	113.295	120.621	111.475	115.291	109.094	103.537	105.404	104.507	181.161	97.073	92.314	96.291	94.386	94.195	91.038	-40.432	89.455	91.272	90.6	-23.881	279.856	101.684	101.94	105.348	324.823	105.701	99.788	99.554	273.911	263.348	88.821	-385.749	244.5	250.8	219.6	-196.283	211.1	124.7	80.1	-88.08	56.8	52.1	45.6	-63.055	40.6	32.4	29.4	27.5	24.7	25.8	22.2	21.8	18.4	15.7	2.6
EBITDA Ratio Numbers are in millions	0.744	0.689	0.751	0.873	0.713	0.618	0.716	0.61	0.897	0.61	0.765	1.149	0.615	0.852	0.985	0.57	1.226	0.685	1.023	0.663	0.693	0.667	0.666	0.864	0.66	0.672	1.036	0.7	0.822	0.634	0.805	0.783	0.673	0.815	0.834	1.038	0.749	0.803	0.669	0.777	0.736	0.838	0.712	0.927	0.789	0.631	0.6	0.483	0.617	0.428	0.712	0.686	0.611	0.605	0.611	0.605	0.604	0.593	0.569	0.574	0.579	0.552	0.429	0.576	0.582	0.584	0.51	0.577	0.584	0.588	0.554	0.576	0.632	0.591	0.595	0.594	0.578	0.602	0.597	1.061	0.586	0.577	0.597	0.605	0.598	0.593	-0.26	0.592	0.611	0.612	-0.148	1.882	0.632	0.637	0.657	1.604	0.651	0.641	0.655	1.682	1.727	0.658	-3.443	1.735	1.625	1.81	-1.691	1.761	1.761	1.764	-2.366	1.737	1.748	1.734	-2.554	1.758	1.761	1.782	1.809	1.816	1.686	1.866	1.982	1.752	1.744	1.733

AvalonBay Communities, Inc.

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