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AvalonBay Communities, Inc. (AVB)
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REIT note: for real-estate investment trusts the net-income payout ratio overstates the dividend, because large non-cash depreciation depresses GAAP earnings. REITs are evaluated on FFO / AFFO payout (the industry standard) and on the FCF payout — a payout above 100% here is normal for a REIT and is not, by itself, a sign the dividend is unsafe.

AvalonBay Communities, Inc. (AVB) Dividend Payout Ratio: 87.45%

Is AvalonBay Communities, Inc.’s dividend payout ratio high or low?

AvalonBay Communities, Inc.'s dividend payout ratio of 87.45% is in line with its 5-year average of 90.56%, around the middle of its 5-year range (61.80%–136.62%).

As of Friday, June 12, 2026. 0.17% above its 12-month average of 87.30%.

Dividend Payout Ratio (87.45%) = TTM Dividends/Share ($7.03) / TTM EPS ($8.04)

AVB Dividend Payout Ratio Chart

AVB Dividend Payout Ratio
87.45%+2.51% 1Y
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AVB Average Dividend Payout Ratio Chart

AVB Current vs Average Dividend Payout Ratio Chart

AVB Dividend Payout Ratio Metrics

DIVIDEND PAYOUT RATIO

87.45%

DIVIDEND PAYOUT RATIO AVG TTM

87.30%

DIVIDEND PAYOUT RATIO AVG 3Y

92.47%

DIVIDEND PAYOUT RATIO AVG 5Y

90.56%

DIVIDEND PAYOUT RATIO AVG 10Y

92.17%

DIVIDEND PAYOUT RATIO AVG 15Y

101.35%

DIVIDEND PAYOUT RATIO AVG 20Y

106.75%

CURRENT VS TTM AVG

+0.17%

CURRENT VS 3Y AVG

-5.43%

CURRENT VS 5Y AVG

-3.44%

CURRENT VS 10Y AVG

-5.13%

CURRENT VS 15Y AVG

-13.72%

CURRENT VS 20Y AVG

-18.09%

Annual Payout Ratio History

YearEPSDividendPayout Ratio
2025$7.40$7.0094.6%
2024$7.61$6.8089.4%
2023$6.57$6.60100.5%
2022$8.13$6.3678.2%
2021$7.19$6.3688.5%
2020$5.89$6.36108.0%
2019$5.64$6.08107.8%
2018$7.05$5.8883.4%
2017$6.36$5.6889.3%
2016$7.53$5.4071.7%
2015$5.54$5.0090.3%
2014$5.22$4.6488.9%
2013$2.78$4.28154.0%
2012$4.34$3.8889.4%
2011$4.89$3.5773.0%
2010$2.08$3.57171.6%
2009$1.94$3.57184.0%
2008$5.22$5.38103.0%
2007$4.44$3.4076.6%
2006$3.48$3.1289.7%
2005$4.14$2.8468.6%
2004$2.95$2.8094.9%
2003$3.80$2.8073.7%
2002$2.26$2.80123.9%
2001$3.08$2.5683.1%
2000$2.58$2.2486.8%
1999$2.05$2.06100.5%
1998$1.87$1.95104.3%
1997$1.60$1.66103.7%
1996$1.02$1.61157.8%

AvalonBay Communities, Inc. Dividend Payout Ratio Formula & Definition

The payout ratio shows the share of trailing-12-month earnings paid out as dividends. For REITs, GAAP earnings understate cash generation (large non-cash depreciation), so read this alongside the FCF payout ratio — FFO/AFFO payout is the industry standard.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

AvalonBay Communities, Inc. Dividend Payout Ratio FAQ

What is the dividend payout ratio for AvalonBay Communities, Inc. (AVB)?
The dividend payout ratio for AVB stock is 87.45%.
Is AvalonBay Communities, Inc.'s dividend payout ratio high or low?
AvalonBay Communities, Inc.'s dividend payout ratio of 87.45% is in line with its 5-year average of 90.56%, around the middle of its 5-year range (61.80%–136.62%).
What is the TTM average dividend payout ratio for AvalonBay Communities, Inc. (AVB)?
The TTM average dividend payout ratio for AVB stock is 87.30%.
What is the 3Y average dividend payout ratio for AvalonBay Communities, Inc. (AVB)?
The 3Y average dividend payout ratio for AVB stock is 92.47%.
What is the 5Y average dividend payout ratio for AvalonBay Communities, Inc. (AVB)?
The 5Y average dividend payout ratio for AVB stock is 90.56%.
What is the 10Y average dividend payout ratio for AvalonBay Communities, Inc. (AVB)?
The 10Y average dividend payout ratio for AVB stock is 92.17%.
What is the 15Y average dividend payout ratio for AvalonBay Communities, Inc. (AVB)?
The 15Y average dividend payout ratio for AVB stock is 101.35%.
What is the 20Y average dividend payout ratio for AvalonBay Communities, Inc. (AVB)?
The 20Y average dividend payout ratio for AVB stock is 106.75%.

AvalonBay Communities, Inc. Dividend Payout Ratio History

DATEDIVIDEND PAYOUT RATIO
2026-06-1087.45%
2026-06-0887.42%
2026-06-0487.43%
2026-06-0287.44%
2026-05-2987.44%
2026-05-2787.43%
2026-05-2287.43%
2026-05-2087.44%
2026-05-1887.43%
2026-05-1487.44%
2026-05-1287.43%
2026-05-0887.45%
2026-05-0695.13%
2026-05-0495.14%
2026-04-3095.12%
2026-04-2895.13%
2026-04-2495.14%
2026-04-2295.12%
2026-04-2095.11%
2026-04-1695.11%
2026-04-1495.13%
2026-04-1095.11%
2026-04-0895.12%
2026-04-0695.14%
2026-04-0195.11%
2026-03-3094.71%
2026-03-2694.71%
2026-03-2494.71%
2026-03-2094.74%
2026-03-1894.73%
2026-03-1694.73%
2026-03-1294.70%
2026-03-1094.74%
2026-03-0694.72%
2026-03-0494.72%
2026-03-0294.71%
2026-02-2685.36%
2026-02-2485.38%
2026-02-2085.35%
2026-02-1885.35%
2026-02-1385.38%
2026-02-1185.36%
2026-02-0985.35%
2026-02-0585.39%
2026-02-0385.35%
2026-01-3085.38%
2026-01-2885.35%
2026-01-2685.37%
2026-01-2285.35%
2026-01-2085.37%
2026-01-1585.37%
2026-01-1385.38%
2026-01-0985.35%
2026-01-0785.36%
2026-01-0585.38%
2025-12-3185.36%
2025-12-2984.77%
2025-12-2484.77%
2025-12-2284.76%
2025-12-1884.75%
2025-12-1684.76%
2025-12-1284.74%
2025-12-1084.74%
2025-12-0884.76%
2025-12-0484.75%
2025-12-0284.76%
2025-11-2884.76%
2025-11-2584.75%
2025-11-2184.74%
2025-11-1984.75%
2025-11-1784.77%
2025-11-1384.74%
2025-11-1184.76%
2025-11-0784.75%
2025-11-0585.48%
2025-11-0385.48%
2025-10-3085.49%
2025-10-2885.50%
2025-10-2485.49%
2025-10-2285.50%
2025-10-2085.50%
2025-10-1685.49%
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2025-10-0885.49%
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2025-10-0285.48%
2025-09-3085.49%
2025-09-2684.88%
2025-09-2484.87%
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2025-08-0884.86%
2025-08-0685.94%
2025-08-0485.91%
2025-07-3185.94%
2025-07-2985.94%
2025-07-2585.91%
2025-07-2385.93%
2025-07-2185.91%
2025-07-1785.92%
2025-07-1585.92%
2025-07-1185.93%
2025-07-0985.94%
2025-07-0785.92%
2025-07-0285.94%
2025-06-3085.92%
2025-06-2685.30%
2025-06-2485.31%
2025-06-2085.31%
2025-06-1785.30%
2025-06-1385.32%
2025-06-1185.30%
2025-06-0985.31%
2025-06-0585.32%
2025-06-0385.31%
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2025-05-0985.32%
2025-05-0790.25%
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2025-05-0190.26%
2025-04-2990.26%
2025-04-2590.25%
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2025-04-2190.26%
2025-04-1690.26%
2025-04-1490.24%
2025-04-1090.26%
2025-04-0890.26%
2025-04-0490.26%
2025-04-0290.26%
2025-03-3190.26%
2025-03-2767.19%
2025-03-2589.60%
2025-03-2189.59%
2025-03-1989.60%
2025-03-1789.60%
2025-03-1389.60%
2025-03-1189.61%
2025-03-0789.59%
2025-03-0589.58%
2025-03-0389.59%
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2025-02-2593.02%
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2024-12-3193.02%
2024-12-2769.77%
2024-12-2492.33%
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2024-12-0692.33%
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2024-12-0292.33%
2024-11-2792.33%
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2024-11-11114.21%
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2024-10-30114.22%
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2024-08-0299.85%
2024-07-3199.85%
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2024-05-2199.11%
2024-05-1799.10%
2024-05-1599.12%

Showing the most recent 260 of 2,516 data points. The chart above shows the full history.

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