AvalonBay Communities, Inc. (AVB)AVBAvalonBay Communities, Inc.

Financials

Quarterly Income Statement (USD)

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Quarterly Report	TTM	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024	Quarter ended Jun 2024
Revenue	3.06B	770.28M	767.86M	764.93M	760.20M	745.88M	740.55M	734.31M	726.04M
Cost of Goods Sold	982.71M	248.59M	243.92M	213.23M	276.97M	268.86M	281.65M	275.46M	260.65M
Gross Profit	2.08B	521.68M	523.94M	551.70M	483.22M	477.02M	458.90M	458.85M	465.39M
Gross Profit Margin	67.9%	67.7%	68.2%	72.1%	63.6%	64.0%	62.0%	62.5%	64.1%
Total Operating Expenses	1.19B	303.15M	295.83M	333.79M	254.73M	237.67M	233.23M	232.21M	226.51M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	88.98M	22.08M	21.87M	22.03M	23.00M	19.78M	17.69M	20.09M	19.59M
Operating Income (EBIT)	893.04M	218.53M	228.10M	217.91M	228.50M	239.35M	225.67M	226.64M	238.88M
Operating Margin	29.2%	28.4%	29.7%	28.5%	30.1%	32.1%	30.5%	30.9%	32.9%
Income Before Tax (EBT)	1.15B	328.00M	165.69M	383.97M	269.32M	236.48M	281.84M	373.30M	253.94M
Interest Income	28.84M	7.48M	7.59M	6.83M	6.94M	6.11M	N/A	N/A	N/A
Interest Expense	270.81M	71.49M	69.11M	65.41M	64.80M	59.86M	58.98M	55.77M	57.08M
Other Income/Expense	253.94M	109.46M	-62.41M	166.06M	40.83M	-2.87M	56.17M	146.66M	15.06M
Net Income	1.14B	325.73M	165.99M	381.31M	268.67M	236.60M	282.09M	372.52M	253.93M
Income Tax Expense	-1.31M	-294K	-295K	-193K	-531K	-116K	-253K	782K	-62K
Net Profit Margin	37.3%	42.3%	21.6%	49.8%	35.3%	31.7%	38.1%	50.7%	35.0%
EBITDA	1.82B	451.64M	461.49M	448.28M	460.23M	457.24M	441.21M	438.76M	445.80M
EBITDA Margin	59.5%	58.6%	60.1%	58.6%	60.5%	61.3%	59.6%	59.8%	61.4%
Depreciation & Amortization	928.59M	233.10M	233.39M	230.37M	231.73M	217.89M	215.54M	212.12M	206.92M
EPS Basic	8.07	2.33	1.17	2.68	1.89	1.66	1.98	2.62	1.78
EPS Diluted	8.04	2.31	1.17	2.68	1.88	1.66	1.98	2.61	1.78
Shares Outstanding	139.83M	139.83M	140.83M	142.36M	142.20M	142.11M	142.33M	142.04M	142.00M
Diluted Shares Outstanding	140.81M	140.81M	141.99M	143.54M	143.29M	142.49M	142.71M	142.52M	142.39M

Annual Income Statement (USD)

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Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	3.04B	2.91B	2.77B	2.59B	2.29B	2.30B	2.32B	2.28B
Cost of Goods Sold	1.00B	1.07B	988.13M	919.11M	853.94M	823.10M	768.11M	766.56M
Gross Profit	2.04B	1.84B	1.78B	1.67B	1.44B	1.48B	1.56B	1.52B
Gross Profit Margin	67.0%	63.2%	64.3%	64.6%	62.8%	64.2%	67.0%	66.4%
Total Operating Expenses	1.12B	924.55M	893.50M	889.04M	828.21M	767.67M	719.62M	691.57M
Research & Development	N/A	N/A	N/A	16.57M	3.23M	12.40M	N/A	N/A
Selling, General & Administrative	86.68M	77.70M	76.53M	74.06M	69.61M	60.34M	58.04M	60.37M
Operating Income (EBIT)	913.86M	915.75M	886.28M	785.29M	612.70M	710.49M	836.90M	826.41M
Operating Margin	30.1%	31.4%	32.0%	30.3%	26.7%	30.9%	36.0%	36.2%
Income Before Tax (EBT)	1.06B	1.08B	938.59M	1.15B	1.01B	824.46M	799.11M	974.17M
Interest Income	27.48M	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	259.18M	226.59M	205.99M	230.07M	220.41M	214.15M	203.59M	220.97M
Other Income/Expense	141.60M	166.87M	52.31M	365.79M	397.39M	113.97M	-37.79M	147.60M
Net Income	1.05B	1.08B	928.83M	1.14B	1.00B	827.63M	785.97M	974.52M
Income Tax Expense	-1.14M	445K	10.15M	14.65M	5.73M	-3.25M	13.00M	-160K
Net Profit Margin	34.6%	37.1%	33.6%	43.8%	43.8%	36.0%	33.8%	42.7%
EBITDA	1.83B	1.76B	1.70B	1.60B	1.37B	1.42B	1.50B	1.46B
EBITDA Margin	60.1%	60.5%	61.5%	61.7%	59.8%	61.6%	64.5%	63.8%
Depreciation & Amortization	913.38M	846.85M	816.97M	814.98M	758.60M	707.33M	661.58M	631.20M
EPS Basic	7.40	7.61	6.57	8.13	7.19	5.89	5.64	7.05
EPS Diluted	7.39	7.60	6.56	8.11	7.17	5.88	5.63	7.05
Shares Outstanding	140.83M	142.00M	141.31M	139.63M	139.39M	140.09M	139.42M	138.25M
Diluted Shares Outstanding	141.99M	142.46M	141.64M	139.98M	139.72M	140.44M	139.57M	138.29M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About AvalonBay Communities, Inc.

At the close of 2020, AvalonBay Communities held a direct or indirect ownership stake in a substantial portfolio encompassing 291 apartment communities. These properties collectively contained 86,025 residential units across 11 states and the District of Columbia. Among these, 18 communities were actively under development, and one was undergoing redevelopment. As an equity REIT, AvalonBay's primary activities involve the development, redevelopment, acquisition, and management of apartment communities. The company strategically targets prominent metropolitan areas such as New England, the New York/New Jersey metro region, the Mid-Atlantic states, the Pacific Northwest, and both Northern and Southern California. Furthermore, AvalonBay is expanding its presence into key growth markets, specifically Southeast Florida and Denver, Colorado.

Arlington, VA

2,928 employees

www.avalonbay.com

Real Estate / REIT - Residential

Sector: Real Estate
Industry: REIT - Residential
CEO: Benjamin W. Schall

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