Same Store — Cost, Direct Labor
AvalonBay Communities Same Store — Cost, Direct Labor increased by 9.8% to $40.31M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 0.1%, from $40.28M to $40.31M. Over 3 years (FY 2022 to FY 2025), Same Store — Cost, Direct Labor shows relatively stable performance with a 1.8% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase relative to revenue may indicate rising labor costs or declining operational efficiency in property management.
Detailed definition
This captures the direct payroll and benefit costs associated with on-site property staff, such as leasing agents and ma...
Peer comparison
Commonly reported as part of property operating expenses; varies based on regional labor market competitiveness.
avb_segment_same_store_cost_direct_laborHistorical Data
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $37.12M | $37.12M | $37.12M | $37.12M | $38.16M | $38.16M | $38.16M | $38.16M | $39.94M | $37.64M | $38.06M | $36.94M | $40.28M | $39.72M | $39.98M | $36.71M | $40.31M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +2.8% | +0.0% | +0.0% | +0.0% | +4.7% | -5.8% | +1.1% | -2.9% | +9.0% | -1.4% | +0.7% | -8.2% | +9.8% |
| YoY Change | — | — | — | — | +2.8% | +2.8% | +2.8% | +2.8% | +4.7% | -1.4% | -0.3% | -3.2% | +0.9% | +5.5% | +5.1% | -0.6% | +0.1% |
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Frequently Asked Questions
- What is AvalonBay Communities's same store — cost, direct labor?
- AvalonBay Communities (AVB) reported same store — cost, direct labor of $40.31M in Q1 2026.
- How has AvalonBay Communities's same store — cost, direct labor changed year-over-year?
- AvalonBay Communities's same store — cost, direct labor increased by 0.1% year-over-year, from $40.28M to $40.31M.
- What is the long-term trend for AvalonBay Communities's same store — cost, direct labor?
- Over 3 years (2022 to 2025), AvalonBay Communities's same store — cost, direct labor has grown at a 1.8% compound annual growth rate (CAGR), from $148.46M to $156.69M.
- What does same store — cost, direct labor mean?
- The total cost of on-site personnel required to operate the stabilized properties.