AvalonBay Communities, Inc. (AVB)
NYSE: AVB · Real-Time Price · USD
229.65
-1.15 (-0.50%)
Dec 3, 2024, 12:44 PM EST - Market open
AvalonBay Communities Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | 2018 - 2014 |
|---|---|---|---|---|---|---|---|
Period Ending | Sep '24 Sep 30, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | Dec '19 Dec 31, 2019 | 2018 - 2014 |
| Rental Revenue | 2,871 | 2,760 | 2,587 | 2,292 | 2,297 | 2,320 | Upgrade
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| Property Management Fees | 7.35 | 7.72 | 6.33 | 3.08 | 3.82 | 4.96 | Upgrade
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| Other Revenue | 48.1 | 13.45 | 15.25 | 38.59 | 1.27 | 2.86 | Upgrade
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| Total Revenue | 2,926 | 2,781 | 2,609 | 2,333 | 2,303 | 2,327 | Upgrade
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| Revenue Growth (YoY | 7.84% | 6.62% | 11.80% | 1.34% | -1.07% | 1.67% | Upgrade
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| Property Expenses | 1,042 | 988.13 | 919.11 | 853.94 | 823.18 | 768.2 | Upgrade
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| Selling, General & Administrative | 75.77 | 76.53 | 80.06 | 69.61 | 57.79 | 67.22 | Upgrade
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| Depreciation & Amortization | 842.01 | 816.97 | 814.98 | 758.6 | 707.33 | 661.58 | Upgrade
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| Total Operating Expenses | 1,960 | 1,882 | 1,814 | 1,682 | 1,588 | 1,497 | Upgrade
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| Operating Income | 966.04 | 899.73 | 794.54 | 651.29 | 714.22 | 830.49 | Upgrade
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| Interest Expense | -217.08 | -205.99 | -230.07 | -220.42 | -214.15 | -203.59 | Upgrade
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| Other Non-Operating Income | 0.1 | 0.17 | 5.13 | 1.12 | - | - | Upgrade
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| EBT Excluding Unusual Items | 749.06 | 693.91 | 569.59 | 431.99 | 500.07 | 626.91 | Upgrade
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| Gain (Loss) on Sale of Investments | - | - | 38.14 | - | 5.16 | 5.79 | Upgrade
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| Gain (Loss) on Sale of Assets | 319.45 | 287.42 | 555.56 | 602.24 | 340.88 | 166.54 | Upgrade
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| Asset Writedown | -17.5 | -33.48 | -16.57 | -3.23 | -12.32 | -4.9 | Upgrade
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| Total Legal Settlements | -2.23 | - | 6 | - | - | 5.36 | Upgrade
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| Other Unusual Items | -3.5 | -9.27 | -1.65 | -20.91 | -9.33 | -0.6 | Upgrade
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| Pretax Income | 1,045 | 938.59 | 1,151 | 1,010 | 824.46 | 799.11 | Upgrade
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| Income Tax Expense | 3.14 | 10.15 | 14.65 | 5.73 | -3.25 | 13 | Upgrade
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| Earnings From Continuing Operations | 1,042 | 928.44 | 1,136 | 1,004 | 827.71 | 786.1 | Upgrade
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| Net Income to Company | 1,042 | 928.44 | 1,136 | 1,004 | 827.71 | 786.1 | Upgrade
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| Minority Interest in Earnings | -0.28 | 0.39 | 0.34 | -0.06 | -0.08 | -0.13 | Upgrade
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| Net Income | 1,042 | 928.83 | 1,137 | 1,004 | 827.63 | 785.97 | Upgrade
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| Preferred Dividends & Other Adjustments | 1.97 | 1.66 | 2.09 | 2.1 | 1.96 | 2.06 | Upgrade
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| Net Income to Common | 1,040 | 927.16 | 1,135 | 1,002 | 825.68 | 783.91 | Upgrade
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| Net Income Growth | 12.25% | -18.29% | 13.19% | 21.35% | 5.30% | -19.35% | Upgrade
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| Basic Shares Outstanding | 142 | 141 | 140 | 139 | 140 | 139 | Upgrade
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| Diluted Shares Outstanding | 142 | 142 | 140 | 140 | 140 | 140 | Upgrade
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| Shares Change (YoY) | 0.89% | 1.19% | 0.18% | -0.51% | 0.62% | 0.93% | Upgrade
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| EPS (Basic) | 7.33 | 6.56 | 8.13 | 7.19 | 5.89 | 5.64 | Upgrade
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| EPS (Diluted) | 7.32 | 6.56 | 8.12 | 7.19 | 5.89 | 5.63 | Upgrade
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| EPS Growth | 11.26% | -19.26% | 12.98% | 21.97% | 4.65% | -20.09% | Upgrade
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| Dividend Per Share | 6.750 | 6.600 | 6.360 | 6.360 | 6.360 | 6.080 | Upgrade
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| Dividend Growth | 3.21% | 3.77% | 0% | 0% | 4.61% | 3.40% | Upgrade
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| Operating Margin | 33.02% | 32.35% | 30.46% | 27.91% | 31.02% | 35.68% | Upgrade
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| Profit Margin | 35.54% | 33.33% | 43.50% | 42.95% | 35.86% | 33.68% | Upgrade
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| Free Cash Flow Margin | 55.54% | 56.09% | 54.51% | 51.56% | 52.97% | 56.79% | Upgrade
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| EBITDA | 1,808 | 1,717 | 1,610 | 1,410 | 1,422 | 1,492 | Upgrade
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| EBITDA Margin | 61.79% | 61.72% | 61.70% | 60.42% | 61.74% | 64.11% | Upgrade
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| D&A For Ebitda | 842.01 | 816.97 | 814.98 | 758.6 | 707.33 | 661.58 | Upgrade
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| EBIT | 966.04 | 899.73 | 794.54 | 651.29 | 714.22 | 830.49 | Upgrade
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| EBIT Margin | 33.02% | 32.35% | 30.46% | 27.91% | 31.02% | 35.68% | Upgrade
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| Funds From Operations (FFO) | 1,564 | 1,462 | 1,354 | - | - | - | Upgrade
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| FFO Per Share | 10.99 | 10.32 | 9.67 | - | - | - | Upgrade
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| Adjusted Funds From Operations (AFFO) | - | 1,462 | 1,354 | - | - | - | Upgrade
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| AFFO Per Share | - | 10.32 | 9.67 | - | - | - | Upgrade
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| FFO Payout Ratio | 61.01% | 63.10% | 65.72% | - | - | - | Upgrade
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| Effective Tax Rate | 0.30% | 1.08% | 1.27% | 0.57% | - | 1.63% | Upgrade
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| Revenue as Reported | 2,878 | 2,768 | 2,593 | 2,295 | 2,301 | 2,325 | Upgrade
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Source: S&P Capital IQ. Real Estate template. Financial Sources.