AvalonBay Communities Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Property Revenue	3,034	2,907	2,760	2,587	2,292
Service and Other Revenue	7.04	7.08	7.72	6.33	3.08
Revenue	3,041	2,914	2,768	2,593	2,295
Revenue Growth (YoY)	4.36%	5.27%	6.73%	13.01%	-0.28%
Property Expenses	778.17	745.85	681.34	630.15	570.85
Total Property Expenses	778.17	745.85	681.34	630.15	570.85
Property Taxes	342.74	327.61	306.79	288.96	283.09
Gross Profit	1,920	1,840	1,780	1,674	1,441
Selling, General & Admin	86.68	77.7	76.53	74.06	69.61
Depreciation & Amortization Expenses	913.38	846.85	816.97	814.98	758.6
Other Operating Expenses	12.12	21.28	42.6	16.57	6.35
Operating Income	907.63	894.47	843.68	768.73	606.35
Net Gains on Disposal of Properties	339.84	364.05	287.6	560.69	603.36
Interest Income	67.17	50.68	13.45	53.39	38.59
Interest Expense	-259.18	-226.59	-205.99	-230.07	-220.42
Other Non-Operating Income (Expense)	-	-	-0.15	-1.65	-17.79
Total Non-Operating Income (Expense)	147.83	188.15	94.91	382.36	403.74
Pretax Income	1,055	1,083	938.59	1,151	1,010
Provision for Income Taxes	1.14	-0.45	-10.15	-14.65	-5.73
Net Income	1,051	1,082	928.83	1,137	1,004
Minority Interest in Earnings	5.3	0.18	-0.39	-0.34	0.06
Net Income to Common	1,051	1,082	928.83	1,137	1,004
Net Income Growth	-2.84%	16.49%	-18.29%	13.19%	21.35%
Shares Outstanding (Basic)	142	142	141	140	139
Shares Outstanding (Diluted)	143	142	142	140	140
Shares Change (YoY)	0.26%	0.57%	1.19%	0.18%	-0.51%
EPS (Basic)	7.40	7.61	6.56	8.13	7.19
EPS (Diluted)	7.40	7.60	6.56	8.12	7.19
EPS Growth	-2.63%	15.85%	-19.21%	12.93%	22.07%
Free Cash Flow	-485.45	-5.67	245.02	-210.81	-376.62
Free Cash Flow Per Share	-3.40	-0.04	1.73	-1.51	-2.70
Dividends Per Share	7.000	6.800	6.600	6.360	6.360
Dividend Growth	2.94%	3.03%	3.77%	-	-
Gross Margin	63.14%	63.16%	64.30%	64.56%	62.79%
Operating Margin	29.85%	30.70%	30.48%	29.64%	26.42%
Profit Margin	34.75%	37.14%	33.54%	43.82%	43.77%
FCF Margin	-15.97%	-0.19%	8.85%	-8.13%	-16.41%
EBITDA	1,821	1,741	1,661	1,584	1,365
EBITDA Margin	59.89%	59.76%	60.00%	61.07%	59.48%
EBIT	907.63	894.47	843.68	768.73	606.35
EBIT Margin	29.85%	30.70%	30.48%	29.64%	26.42%
Effective Tax Rate	0.11%	-0.04%	-1.08%	-1.27%	-0.57%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q