AvalonBay Communities, Inc. (LON:0HJO)

AvalonBay Communities Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-	1,082	928.83	1,137	1,004
Depreciation & Amortization	-	846.85	816.97	814.98	758.6
Other Amortization	-	13.28	12.73	11.22	10.14
Gain (Loss) on Sale of Assets	-	-364.16	-287.99	-600.96	-630.75
Gain (Loss) on Sale of Investments	-	-	-	-38.14	-
Asset Writedown	-	18.34	33.48	5.6	0.69
Stock-Based Compensation	-	25.37	27.14	33.86	25.51
Income (Loss) on Equity Investments	-	-21.69	5.33	43.4	-0.11
Change in Other Net Operating Assets	-	6.76	17.8	10.01	10
Other Operating Activities	-	1.13	5.75	5.19	24.8
Operating Cash Flow	-	1,608	1,560	1,422	1,203
Operating Cash Flow Growth	-	3.07%	9.71%	18.18%	-1.35%
Acquisition of Real Estate Assets	-	-1,149	-1,099	-1,096	-808.1
Sale of Real Estate Assets	-	711.28	467.1	1,051	974.76
Net Sale / Acq. of Real Estate Assets	-	-437.85	-632.03	-44.53	166.67
Cash Acquisition	-	-464.42	-215.89	-536.84	-771.69
Investment in Marketable & Equity Securities	-	-3	-13.39	37.2	9.64
Other Investing Activities	-	-91.6	-67.65	-16.25	-28.66
Investing Cash Flow	-	-996.86	-928.96	-560.42	-624.05
Long-Term Debt Issued	-	398.79	399.76	348.57	1,099
Long-Term Debt Repaid	-	-309.79	-797	-143.33	-571.71
Net Debt Issued (Repaid)	-	89	-397.24	205.23	526.93
Issuance of Common Stock	-	10.54	496.71	20.02	31.87
Repurchase of Common Stock	-	-16.88	-12.55	-16.99	-13.46
Common Dividends Paid	-	-961.91	-922.66	-889.61	-888.34
Other Financing Activities	-	4.37	1.39	10.29	-5.86
Net Cash Flow	-	-263.88	-203.29	190.46	230.26
Cash Interest Paid	-	213.25	187.52	212.24	203.77
Levered Free Cash Flow	-	1,233	1,216	1,149	1,016
Unlevered Free Cash Flow	-	1,362	1,332	1,282	1,144
Change in Working Capital	-	6.76	17.8	10.01	10

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.