AvalonBay Communities, Inc. (BVMF:A1VB34)

AvalonBay Communities Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	3,006	2,907	2,760	2,587	2,292	2,297
Property Management Fees	6.94	7.08	7.72	6.33	3.08	3.82
Other Revenue	52.19	50.68	13.45	15.25	38.59	1.27
Total Revenue	3,066	2,964	2,781	2,609	2,333	2,303
Revenue Growth (YoY	6.49%	6.58%	6.62%	11.80%	1.34%	-1.07%
Property Expenses	1,121	1,073	988.13	919.11	853.94	823.18
Selling, General & Administrative	75.96	77.7	76.53	80.06	69.61	57.79
Depreciation & Amortization	895.53	846.85	816.97	814.98	758.6	707.33
Total Operating Expenses	2,092	1,998	1,882	1,814	1,682	1,588
Operating Income	973.42	966.43	899.73	794.54	651.29	714.22
Interest Expense	-249.05	-226.59	-205.99	-230.07	-220.42	-214.15
Other Non-Operating Income	4.04	0.75	0.17	5.13	1.12	-
EBT Excluding Unusual Items	735.74	740.6	693.91	569.59	431.99	500.07
Gain (Loss) on Sale of Investments	5.08	-	-	38.14	-	5.16
Gain (Loss) on Sale of Assets	457.92	363.3	287.42	555.56	602.24	340.88
Asset Writedown	-19.74	-18.34	-33.48	-16.57	-3.23	-12.32
Total Legal Settlements	-6.54	-	-	6	-	-
Other Unusual Items	-0.86	-2.94	-9.27	-1.65	-20.91	-9.33
Pretax Income	1,172	1,083	938.59	1,151	1,010	824.46
Income Tax Expense	-1.09	0.45	10.15	14.65	5.73	-3.25
Earnings From Continuing Operations	1,173	1,082	928.44	1,136	1,004	827.71
Net Income to Company	1,173	1,082	928.44	1,136	1,004	827.71
Minority Interest in Earnings	-4.05	-0.18	0.39	0.34	-0.06	-0.08
Net Income	1,169	1,082	928.83	1,137	1,004	827.63
Preferred Dividends & Other Adjustments	2.19	2.07	1.66	2.09	2.1	1.96
Net Income to Common	1,166	1,080	927.16	1,135	1,002	825.68
Net Income Growth	12.17%	16.49%	-18.29%	13.19%	21.35%	5.30%
Basic Shares Outstanding	142	142	141	140	139	140
Diluted Shares Outstanding	143	142	142	140	140	140
Shares Change (YoY)	0.47%	0.57%	1.19%	0.18%	-0.51%	0.62%
EPS (Basic)	8.21	7.61	6.56	8.13	7.19	5.89
EPS (Diluted)	8.20	7.60	6.56	8.12	7.19	5.89
EPS Growth	12.03%	15.82%	-19.26%	12.98%	21.97%	4.65%
Dividend Per Share	6.950	6.800	6.600	6.360	6.360	6.360
Dividend Growth	2.96%	3.03%	3.77%	-	-	4.61%
Operating Margin	31.75%	32.60%	32.35%	30.46%	27.91%	31.02%
Profit Margin	38.05%	36.43%	33.34%	43.50%	42.95%	35.86%
EBITDA	1,869	1,813	1,717	1,610	1,410	1,422
EBITDA Margin	60.97%	61.17%	61.72%	61.70%	60.42%	61.74%
D&A For Ebitda	895.53	846.85	816.97	814.98	758.6	707.33
EBIT	973.42	966.43	899.73	794.54	651.29	714.22
EBIT Margin	31.75%	32.60%	32.35%	30.46%	27.91%	31.02%
Funds From Operations (FFO)	1,605	1,565	1,462	-	-	-
FFO Per Share	11.22	10.98	10.32	-	-	-
Adjusted Funds From Operations (AFFO)	-	1,565	1,462	-	-	-
AFFO Per Share	-	10.98	10.32	-	-	-
FFO Payout Ratio	61.35%	61.47%	63.10%	-	-	-
Effective Tax Rate	-	0.04%	1.08%	1.27%	0.57%	-
Revenue as Reported	3,013	2,914	2,768	2,593	2,295	2,301

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.