Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to equity ratio high or low?
The debt to equity ratio of 0.81 is 11% above its 5-year average of 0.73, near the high end of its 5-year range (0.69–0.81).
As of the fiscal period ended Tuesday, March 31, 2026. 6.81% above its 12-month average of 0.76.
Reported quarterly debt to equity ratio; no daily interpolation.
DEBT TO EQUITY RATIO
0.81
DEBT TO EQUITY RATIO AVG TTM
0.76
DEBT TO EQUITY RATIO AVG 3Y
0.72
DEBT TO EQUITY RATIO AVG 5Y
0.72
DEBT TO EQUITY RATIO AVG 10Y
0.71
DEBT TO EQUITY RATIO AVG 15Y
0.71
DEBT TO EQUITY RATIO AVG 20Y
0.76
CURRENT VS TTM AVG
+6.81%
CURRENT VS 3Y AVG
+13.14%
CURRENT VS 5Y AVG
+12.67%
CURRENT VS 10Y AVG
+14.20%
CURRENT VS 15Y AVG
+14.49%
CURRENT VS 20Y AVG
+7.28%
SECTOR MEDIAN · REAL ESTATE
0.86
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
-5.28%
vs the sector median at left
AvalonBay Communities, Inc.
Market Cap
$27.24B
Debt to Equity Ratio
0.81
TTM Avg
0.76
3Y Avg
0.72
5Y Avg
0.72
Market Cap
$28.94B
Debt to Equity Ratio
0.64
TTM Avg
0.66
3Y Avg
0.67
5Y Avg
0.64
Market Cap
$32.89B
Debt to Equity Ratio
1.11
TTM Avg
1.02
3Y Avg
1.28
5Y Avg
1.58
Market Cap
$33.10B
Debt to Equity Ratio
-18.08
TTM Avg
4.13
3Y Avg
3.56
5Y Avg
2.99
Market Cap
$19.03B
Debt to Equity Ratio
1.25
TTM Avg
1.23
3Y Avg
1.17
5Y Avg
1.13
Market Cap
$18.80B
Debt to Equity Ratio
-3.16
TTM Avg
12.33
3Y Avg
11.19
5Y Avg
8.52
Market Cap
$35.92B
Debt to Equity Ratio
-19.42
TTM Avg
45.37
3Y Avg
28.52
5Y Avg
20.95
Market Cap
$17.85B
Debt to Equity Ratio
0.88
TTM Avg
0.86
3Y Avg
0.83
5Y Avg
0.84
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| AvalonBay Communities, Inc. (AVB) | $27.24B | 0.81 | 0.76 | 0.72 | 0.72 |
| Equity Residential (EQR)vs › | $25.71B | 0.80 | 0.78 | 0.73 | 0.76 |
| VICI Properties Inc. (VICI)vs › | $28.94B | 0.64 | 0.66 | 0.67 | 0.64 |
| Extra Space Storage Inc. (EXR)vs › | $32.89B | 1.11 | 1.02 | 1.28 | 1.58 |
| Crown Castle Inc. (CCI)vs › | $33.10B | -18.08 | 4.13 | 3.56 | 2.99 |
| Essex Property Trust, Inc. (ESS)vs › | $19.03B | 1.25 | 1.23 | 1.17 | 1.13 |
| SBA Communications Corporation (SBAC)vs › | $18.80B | -3.16 | 12.33 | 11.19 | 8.52 |
| Iron Mountain Incorporated (IRM)vs › | $35.92B | -19.42 | 45.37 | 28.52 | 20.95 |
| Invitation Homes Inc. (INVH)vs › | $17.85B | 0.88 | 0.86 | 0.83 | 0.84 |
| Kimco Realty Corporation (KIM)vs › | $17.59B | 0.83 | 0.82 | 0.80 | 0.83 |
Debt/Equity
0.81
Current Ratio
0.25
Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO EQUITY RATIO |
|---|---|
| 2026-03-31 | 0.81 |
| 2025-12-31 | 0.80 |
| 2025-09-30 | 0.74 |
| 2025-06-30 | 0.74 |
| 2025-03-31 | 0.71 |
| 2024-12-31 | 0.69 |
| 2024-09-30 | 0.72 |
| 2024-06-30 | 0.73 |
| 2024-03-31 | 0.69 |
| 2023-12-31 | 0.69 |
| 2023-09-30 | 0.69 |
| 2023-06-30 | 0.70 |
| 2023-03-31 | 0.74 |
| 2022-12-31 | 0.75 |
| 2022-09-30 | 0.73 |
| 2022-06-30 | 0.75 |
| 2022-03-31 | 0.74 |
| 2021-12-31 | 0.76 |
| 2021-09-30 | 0.74 |
| 2021-06-30 | 0.71 |
| 2021-03-31 | 0.72 |
| 2020-12-31 | 0.72 |
| 2020-09-30 | 0.73 |
| 2020-06-30 | 0.72 |
| 2020-03-31 | 0.76 |
| 2019-12-31 | 0.68 |
| 2019-09-30 | 0.69 |
| 2019-06-30 | 0.70 |
| 2019-03-31 | 0.67 |
| 2018-12-31 | 0.66 |
| 2018-09-30 | 0.72 |
| 2018-06-30 | 0.73 |
| 2018-03-31 | 0.74 |
| 2017-12-31 | 0.71 |
| 2017-09-30 | 0.69 |
| 2017-06-30 | 0.68 |
| 2017-03-31 | 0.68 |
| 2016-12-31 | 0.69 |
| 2016-09-30 | 0.68 |
| 2016-06-30 | 0.69 |
| 2016-03-31 | 0.66 |
| 2015-12-31 | 0.66 |
| 2015-09-30 | 0.64 |
| 2015-06-30 | 0.70 |
| 2015-03-31 | 0.72 |
| 2014-12-31 | 0.72 |
| 2014-09-30 | 0.69 |
| 2014-06-30 | 0.71 |
| 2014-03-31 | 0.74 |
| 2013-12-31 | 0.71 |
| 2013-09-30 | 0.72 |
| 2013-06-30 | 0.68 |
| 2013-03-31 | 0.68 |
| 2012-12-31 | 0.56 |
| 2012-09-30 | 0.82 |
| 2012-06-30 | 0.73 |
| 2012-03-31 | 0.77 |
| 2011-12-31 | 0.82 |
| 2011-09-30 | 0.92 |
| 2011-06-30 | 1.15 |
| 2011-03-31 | 1.18 |
| 2010-12-31 | 1.21 |
| 2010-09-30 | 1.19 |
| 2010-06-30 | 1.18 |
| 2010-03-31 | 1.26 |
| 2009-12-31 | 1.31 |
| 2009-09-30 | 1.44 |
| 2009-06-30 | 1.39 |
| 2009-03-31 | 1.25 |
| 2008-12-31 | 1.25 |
| 2008-09-30 | 1.07 |
| 2008-06-30 | 1.13 |
| 2008-03-31 | 1.24 |
| 2007-12-31 | 1.04 |
| 2007-09-30 | 0.99 |
| 2007-06-30 | 0.93 |
| 2007-03-31 | 0.89 |
| 2006-12-31 | 1.09 |
| 2006-09-30 | 0.18 |
| 2006-06-30 | 0.89 |
| 2006-03-31 | 0.88 |
| 2005-12-31 | 0.93 |
| 2005-09-30 | 0.96 |
| 2005-06-30 | 1.00 |
| 2005-03-31 | 1.00 |
| 2004-12-31 | 1.02 |
| 2004-09-30 | 1.01 |
| 2004-06-30 | 1.00 |
| 2004-03-31 | 0.92 |
| 2003-12-31 | 1.01 |
| 2003-09-30 | 1.02 |
| 2003-06-30 | 1.14 |
| 2003-03-31 | 1.11 |
| 2002-12-31 | 1.11 |
| 2002-09-30 | 0.96 |
| 2002-06-30 | 0.99 |
