AvalonBay Communities Same Store — Operating Expenses increased by 11.5% to $225.54M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 4.5%, from $215.83M to $225.54M. Over 3 years (FY 2022 to FY 2025), Same Store — Operating Expenses shows an upward trend with a 6.1% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
An increase may signal rising inflation in property management costs or aging infrastructure, while a decrease suggests improved operational efficiency.
This metric represents the total costs incurred to operate and maintain the established portfolio of properties that hav...
Standard across REITs as 'Same Store Operating Expenses' or 'Property Operating Expenses'.
avb_segment_same_store_operating_expenses| 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 | $179.54M | $179.54M | $179.54M | $179.54M | $197.41M | $197.41M | $197.41M | $197.41M | $207.52M | $205.54M | $215.36M | $200.60M | $215.83M | $213.10M | $225.43M | $202.26M | $225.54M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +10.0% | +0.0% | +0.0% | +0.0% | +5.1% | -1.0% | +4.8% | -6.9% | +7.6% | -1.3% | +5.8% | -10.3% | +11.5% |
| YoY Change | — | — | — | — | +10.0% | +10.0% | +10.0% | +10.0% | +5.1% | +4.1% | +9.1% | +1.6% | +4.0% | +3.7% | +4.7% | +0.8% | +4.5% |