Income StatementBalance SheetCash FlowSegments
AvalonBay Communities logo

AvalonBay Communities Income Statement

Revenue, expenses, and profitability over time

AvalonBay Communities generated $3.1B in trailing twelve-month revenue, up 0.0% year-over-year. Net income was $1.1B with a 37.38% net margin. Diluted EPS is $8.07, which grew 0.0% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$3.1BOperating Income (TTM)$2.0BNet Income (TTM)$1.1BEps Diluted (TTM)$8.07
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$25.8B
P/E Ratio22.49
ROE9.79%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Stock-Based Compensation Expense$5.1M$5.7M$8.5M$7.1M$5.2M$5.7M
Share-Based Compensation Expense$5.1M$5.7M$8.5M$7.1M$5.2M$5.7M
Depreciation and amortization$215.5M$217.9M$231.7M$230.4M$233.4M$233.1M
Other Segment Items-$11.1M-$4.7M-$2.5M-$1.4M-$2.2M-$3.4M
Stock-based compensation expense$5.1M$5.7M$8.5M$7.2M$5.2M$5.7M
Share-Based Compensation$5.1M$5.7M$8.5M$7.1M$5.2M$5.7M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Tax Withholding for Share-Based Payments$281.0K$16.4M$191.0K$99.0K$70.0K$13.1M
ROU Asset Obtained - Operating Lease$6.4M—————
Interest Paid, Net$77.8M$40.2M$90.3M$32.9M$73.2M$60.4M
Amortization Of Financing Costs And Discounts$3.3M$3.2M$3.0M$3.9M$3.5M$3.6M
Total dividends (as a percent)25.0%25.0%25.0%25.0%25.0%—
Depreciation$215.5M$217.9M$231.7M$230.4M$233.4M$233.1M
Structured Investment Program interest income$5.9M$6.1M$6.9M$6.8M$7.6M$7.5M
Increase Decrease In Accrued Interest Receivable Net$3.6M$6.5M$6.5M$6.5M$6.5M$7.2M
Accrued liabilities—$10.6M-$11.6M$69.6M—$7.4M
Increase (Decrease) in Prepaid Expense and Other Assets—$9.0M$26.9M-$504.0K—-$13.1M
Interest Paid, Excluding Capitalized Interest, Operating Activity$77.8M$40.2M$90.3M$32.9M$73.2M$60.4M
Impairment of investment in unconsolidated entities$0.0$0.0$0.0$0.0$0.0—
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation-$539.9M-$36.0M$93.8M-$348.6M—-$431.9M
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation-$314.3M-$427.9M-$395.3M-$101.9M-$467.3M-$49.0M
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$328.8M$415.9M$377.8M$477.0M$400.4M$418.9M
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest—$264.1M$264.1M$264.1M$264.1M—
Number of new ground lease0.25—————
Payments for Repurchase of Common Stock$0.0$122.0M$122.0M$122.0M$122.0M$198.5M
Payment, Tax Withholding, Share-Based Payment Arrangement$281.0K$16.4M$191.0K$99.0K$70.0K$13.1M
Proceeds from Issuance of Common Stock$3.3M$693.0K$2.7M$0.0$83.3M$0.0
Proceeds From Sale Of Real Estate Heldforinvestment$208.5M$63.7M$164.4M$571.2M$172.0K$330.4M
Repayments of Notes Payable$662.0K$1.2M$8.3M$1.1M$973.0K$982.0K
Right Of Use Asset Obtained In Exchange For Operating Lease Liability$6.4M—————
Stock-based compensation$5.1M$5.7M$8.5M$7.1M$5.2M$5.7M
Loss from unconsolidated investments$16.8M-$999.0K-$1.1M$42.5M$0.0-$6.5M
Cash Dividends on Common Stock$241.8M$243.7M$249.0M$250.2M$249.5M$249.3M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cash Paid for Interest$77.8M$40.2M$90.3M$32.9M$73.2M$60.4M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$282.1M$236.6M$268.7M$381.3M$170.0M$325.7M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Rental income$738.8M$744.1M$758.6M$764.9M$766.0M$768.4M