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AvalonBay Communities Balance Sheet Statement

Assets, liabilities, and shareholders' equity

AvalonBay Communities holds $22.1B in total assets. Shareholders' equity is $11.5B against $10.3B in total debt. Cash and equivalents total $291.1M. Based on the Q1 2026 filing.

Total Assets$22.1BTotal Stockholders Equity$11.5BLong Term Debt$9.4BCash And Equivalents$291.1M
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$25.8B
P/E Ratio22.49
ROE9.79%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accrued expenses$357.0M$351.9M$361.2M$406.5M$392.0M$391.8M
Accrued interest$58.4M$75.1M$58.7M$75.8M$68.6M$76.4M
Current portion of long-term debt$0.0$225.0M$665.0M$235.0M$740.0M$770.0M
Customer Advances (Current)$43.7M$54.5M$64.2M$101.5M$73.2M$68.8M
Dividends payable$245.0M$251.4M$253.1M$252.8M$250.5M$251.7M
Operating lease liabilities, current$153.3M$152.3M$149.4M$147.9M$145.3M$143.7M
Security deposits$62.8M$62.9M$63.6M$61.2M$60.7M$61.2M
Short-Term Debt - Weighted-Average Interest Rate3.5%3.5%3.6%3.6%3.7%3.7%

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$11.3B$11.3B$11.3B$11.3B$11.2B$11.1B
Accumulated other comprehensive income (loss)$34.3M$30.4M$27.6M$26.2M$26.5M$32.5M
Common stock1.4M280M280M280M1.4M280M
Common Stock Par Value Per Share$0.01$0.01$0.01$0.01$0.01$0.01
Common Stock Shares Issued142.3M142.4M142.4M141.6M140.1M139.1M
Convertible Preferred Stock Authorized Shares50M50M50M50M50M50M
Convertible Preferred Stock Issued Shares000000
Convertible Preferred Stock Outstanding Shares000000
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$1.4M$1.4M$1.4M$1.4M$1.4M$1.4M
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding$0.0$0.0$0.0$0.0$0.0$0.0
Noncontrolling interests$0.0—$222.6M$223.6M$223.0M$223.7M
Preferred stock$0.0$0.0$0.0$0.0$0.0$0.0
Preferred Stock Liquidation Preference Value$25.00$25.00$25.00$25.00$25.00$25.00
Preferred Stock Par Value Per Share$0.01$0.01$0.01$0.01$0.01$0.01
Retained earnings$591.3M$576.5M$595.5M$638.9M$371.2M$339.6M
Total liabilities and stockholders' equity$21.0B$21.2B$21.8B$21.9B$22.2B$22.1B
Total stockholders' equity$11.9B$11.9B$11.9B$11.9B$11.6B$11.5B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Assets held for sale$7.0M$58.1M$334.2M$69.6M$150.3M$0.0
Cash and cash equivalents$267.1M$219.1M$295.4M$321.9M$353.1M$291.1M
Prepaid expenses and other$541.0M$559.3M$605.7M$643.8M$618.6M$602.1M
Prepaid expenses and other current assets$541.0M$559.3M$605.7M$643.8M$618.6M$602.1M
Restricted cash$158.5M$165.9M$192.5M$198.6M$165.8M$169.9M

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Debt Instrument Face Amount$0.0$0.0$0.0$0.0$0.0$0.0
Debt - Unamortized Discount (Premium) and Issuance Costs, Net$57.2M$54.8M$54.9M$58.5M$59.6M$57.0M
Finance lease liabilities$19.9M$19.9M$19.9M$19.9M$19.9M$19.9M
Finance Lease Liabilities (Total)$19.9M$19.9M$19.9M$19.9M$19.9M$19.9M
Long-term debt$8.1B$8.3B$8.7B$8.7B$9.3B$9.4B
Accrued taxes and other expenses$357.0M$351.9M$361.2M$406.5M$392.0M$391.8M
Unsecured debt$7.4B$7.4B$7.3B$7.8B$7.9B$7.9B
Operating Lease Liabilities (Total)$153.3M$152.3M$149.4M$147.9M$145.3M$143.7M
Secured Debt$718.5M$717.9M$710.2M$709.9M$709.6M$709.2M
Total Carrying Value of Debt$8.1B$8.4B$8.7B$8.8B$9.4B$9.4B
Total liabilities$9.1B$9.3B$9.7B$9.8B$10.4B$10.4B

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Equity method investments$227.3M$226.6M$227.2M$206.2M$193.4M$193.3M
Net Investment in Lease$126.6M$125.8M$123.1M$121.8M$119.9M$118.2M
Fixtures And Equipment Gross$1.4B$1.4B$1.5B$1.5B$1.5B$1.6B
Investments$227.3M$226.6M$227.2M$206.2M$193.4M$193.3M
Land Available For Development$151.9M$142.0M$101.1M$126.1M$123.8M$135.1M
Right of use lease assets$154.7M$153.7M$150.9M$149.6M$147.5M$145.7M
Operating lease right-of-use assets$126.6M$125.8M$123.1M$121.8M$119.9M$118.2M
Operating Real Estate Investment Property, Net$18.6B$18.6B$18.7B$18.9B$19.1B$19.1B
Real Estate Investment Property, Net$19.8B$20.0B$20.5B$20.5B$20.8B$20.8B
Operating Lease Right-of-Use Assets in Other Assets$126.6M$125.8M$123.1M$121.8M$119.9M$118.2M
Accumulated depreciation$8.2B$8.4B$8.4B$8.6B$8.7B$8.9B
Buildings and improvements$20.5B$20.6B$20.7B$21.0B$21.3B$21.4B
Construction in progress$1.0B$1.2B$1.4B$1.4B$1.5B$1.6B
Furniture, fixtures and equipment$1.4B$1.4B$1.5B$1.5B$1.5B$1.6B
Land$4.9B$4.9B$4.9B$4.9B$5.0B$5.0B
Investment properties, at cost$26.7B$27.0B$27.1B$27.5B$27.8B$28.0B
Total assets$21.0B$21.2B$21.8B$21.9B$22.2B$22.1B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Number of Countries of Operation—1100.0%1100.0%1100.0%—1100.0%
Communities under development rights—28.0028.0034.00—30.00
Commercial paper borrowings outstanding$0.0$225.0M$665.0M$235.0M$740.0M$770.0M
Commercial paper, maximum borrowing capacity—$500.0M$500.0M$1.0B—$1.0B
Square feet of commercial space——18000.0038000.00—1000.00
Common stock, par value (in dollars per share)$0.0$0.0$0.0$0.0$0.0$0.0
Common stock, shares authorized (in shares)$280.0M$280.0M$280.0M$280.0M$280.0M$280.0M
Common stock, shares issued (in shares)$142.3M$142.4M$142.4M$141.6M$140.1M$139.1M
Common Stock, Shares, Outstanding$142.3M$142.4M$142.4M$141.6M$140.1M$139.1M
Construction work in progress$1.0B$1.2B$1.4B$1.4B$1.5B$1.6B
Inventory related accruals$86.0M$82.6M$101.6M$97.9M$92.3M$107.5M
Long-term debt, gross$8.1B$8.4B$8.7B$8.8B$9.4B$9.4B
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net$57.2M$54.8M$54.9M$58.5M$59.6M$57.0M
Weighted Average Interest Rate (as a percent)$0.0$0.0$0.0$0.0$0.0$0.0
Dividends Payable, Common Stock—$249.6M————
Estimated number of apartment homes in communities to be developed—8932.008854.009381.00—9866.00
Finance Lease, Right-of-Use Asset, after Accumulated Amortization$28.1M$28.0M$27.9M$27.8M$27.6M$27.5M
Forward Contract Indexed To Issuers Equity Indexed Shares3.7M—————
Lease liabilities$173.3M$172.2M$169.3M$167.8M$165.2M$163.5M
Amount outstanding under the credit facility$0.0$0.0$0.0$0.0$0.0$0.0
Variable rate unsecured credit facility and commercial paper, net$0.0$224.9M$664.6M$235.0M$739.6M$769.7M
Loan guarantee, payment reimbursement by partner, percentage——75.0%75.0%—75.0%
Long-term construction loan, maximum borrowing capacity, guarantee, percentage——25.0%25.0%—25.0%
Noncontrolling interests in subsidiaries$0.0—$222.6M$223.6M$223.0M$223.7M
Number of communities held for sale—2.004.002.00—0.00
Number of office leases—13.0013.0013.00—13.00
Number of owned communities under construction—19.0020.0021.00—25.00
Number Of Real Estate Properties—309.00315.00314.00—319.00
Number Of States In Which Entity Operates—$11.0$11.0$11.0—$11.0
Number of apartment homes included in operating apartment communities owned—94865.0097212.0097219.00—98271.00
Other Commitment—$211.6M$211.6M$239.6M—$226.8M
Other commitment, outstanding funding—$199.1M$202.2M$206.9M—$209.8M
Number of SIP commitments—8.008.009.00—8.00
Weighted average rate of return on other commitments—11.6%11.6%11.7%—11.8%
Other Deferred Costs Net$43.7M$54.5M$64.2M$101.5M$73.2M$68.8M
Preferred Stock Liquidation Preference$25.0$25.0$25.0$25.0$25.0$25.0
Preferred Stock, Par or Stated Value Per Share$0.0$0.0$0.0$0.0$0.0$0.0
Preferred Stock, Shares Authorized$50.0M$50.0M$50.0M$50.0M$50.0M$50.0M
Preferred Stock, Shares Issued$0.0$0.0$0.0$0.0$0.0$0.0
Preferred Stock, Shares Outstanding$0.0$0.0$0.0$0.0$0.0$0.0
Purchase Obligation—$211.6M$211.6M$239.6M—$226.8M