AvalonBay Communities, Inc. (AVB)
NYSE: AVB · Real-Time Price · USD
189.25
+0.47 (0.25%)
At close: Aug 4, 2026, 4:00 PM EDT
188.85
-0.40 (-0.21%)
Pre-market: Aug 5, 2026, 5:15 AM EDT

AvalonBay Communities Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
3,0833,0412,9142,7682,5932,295
Revenue Growth
3.41%4.36%5.27%6.73%13.01%-0.28%
Gross Profit
1,9331,9201,8401,7801,6741,441
Operating Income
878.21907.63894.47843.68768.73606.35
Net Income
1,0271,0511,082928.831,1371,004
Earnings Per Share
7.297.407.606.568.127.19
EPS Growth
-10.33%-2.63%15.85%-19.21%12.93%22.07%

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Total Same-Store
2,7882,7122,6462,5912,3331,996
Other Stabilized
162.07163.15118.5678.3393.31121.66
Development / Redevelopment
73.7646.265.886.1729.7342.89
Non-Allocated
7.327.047.087.726.333.08
Revenue (Total)
3,0833,0412,9142,7682,5932,295

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
80.68187.23108.58397.89613.19420.25
Total Debt
9,1879,4948,2518,1358,4798,270
Net Cash (Debt)
-9,107-9,307-8,142-7,737-7,866-7,850
Net Cash Growth
------
Net Cash Per Share
-64.11-65.16-57.15-54.62-56.19-56.18

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
1,6601,6711,6081,5601,4221,203
Capital Expenditures
-1,900-2,157-1,614-1,315-1,633-1,580
Free Cash Flow
-239.8-485.45-5.67245.02-210.81-376.62
Free Cash Flow Growth
------

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
62.71%63.14%63.16%64.30%64.56%62.79%
Operating Margin
28.49%29.85%30.70%30.48%29.64%26.42%
Pretax Margin
33.56%34.71%37.16%33.91%44.38%44.02%
Profit Margin
33.59%34.75%37.14%33.54%43.82%43.77%
FCF Margin
-7.78%-15.97%-0.19%8.85%-8.13%-16.41%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
7.1207.0006.8006.6006.3606.360
Dividend Per Share Growth
2.32%2.94%3.03%3.77%0%0%
Dividend Yield
3.76%3.86%3.08%3.49%3.94%2.52%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
25.9624.5028.9428.5419.8935.13
P/FCF Ratio
---108.52--
PS Ratio
8.818.3510.749.618.7115.38