Operating Income
AvalonBay Communities Operating Income decreased by 2.2% to $492.93M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 5.5%, from $467.11M to $492.93M. Over 4 years (FY 2021 to FY 2025), Operating Income shows an upward trend with a 8.5% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
Higher operating income indicates strong operational efficiency and pricing power, while a decline suggests rising costs or weakening demand.
Detailed definition
Operating income is the profit realized from a company's core business operations after deducting all operating expenses...
Peer comparison
A standard benchmark for operational performance; peers are compared based on operating margin percentages.
operating_incomeHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $359.77M | $371.91M | $370.29M | $409.71M | $435.69M | $443.00M | $413.02M | $462.37M | $465.67M | $467.06M | $395.68M | $479.12M | $483.26M | $480.59M | $467.11M | $510.59M | $513.66M | $503.78M | $492.93M |
| QoQ Change | — | +3.4% | -0.4% | +10.6% | +6.3% | +1.7% | -6.8% | +11.9% | +0.7% | +0.3% | -15.3% | +21.1% | +0.9% | -0.6% | -2.8% | +9.3% | +0.6% | -1.9% | -2.2% |
| YoY Change | — | — | — | — | +21.1% | +19.1% | +11.5% | +12.9% | +6.9% | +5.4% | -4.2% | +3.6% | +3.8% | +2.9% | +18.1% | +6.6% | +6.3% | +4.8% | +5.5% |
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Same Store | — | — | $446.74M | — | $482.09M | $466.50M | $448.86M | $485.88M |
| Other Stabilized | $19.46M | $21.17M | $22.88M | $22.11M | $27.29M | $30.05M | $34.16M | $21.02M |
| Development / Redevelopment | $9.15M | $14.03M | $15.36M | — | — | — | — | — |
| Total | $483.26M | $480.59M | $467.11M | $510.59M | $513.66M | $503.78M | $492.93M | — |
Geographic Breakdown
| Segment | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 |
|---|---|---|---|---|---|---|---|---|
| Metro NY/NJ | $83.53M | $92.05M | $91.85M | $90.06M | $88.64M | $93.17M | $92.74M | $90.69M |
| Mid-Atlantic | $56.51M | $64.74M | $63.85M | $63.57M | $63.58M | $71.21M | $70.89M | $70.91M |
| New England | $59.05M | $61.51M | $61.57M | $61.15M | $60.47M | $65.45M | $63.44M | $61.76M |
| Pacific Northwest | $26.24M | $30.43M | $30.60M | $30.00M | $30.76M | $30.98M | $31.40M | $31.32M |
| Southeast Florida | $6.48M | $12.93M | $12.34M | $12.26M | $12.78M | $15.87M | $15.89M | $15.15M |
| Denver, CO | — | $4.94M | $4.82M | $5.06M | — | $7.40M | $7.34M | $7.32M |
| Other Expansion Regions | — | $4.08M | $4.03M | $4.00M | $4.06M | $5.55M | $5.68M | $5.29M |
| Total | $413.02M | $462.37M | $465.67M | $467.06M | $395.68M | $479.12M | $483.26M | $480.59M |
Denver, CO, Metro NY/NJ, Mid-Atlantic, New England, Other Expansion Regions, Pacific Northwest, Southeast Florida were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Operating Income at Other Companies
Frequently Asked Questions
- What is AvalonBay Communities's operating income?
- AvalonBay Communities (AVB) reported operating income of $492.93M in Q4 2025.
- How has AvalonBay Communities's operating income changed year-over-year?
- AvalonBay Communities's operating income increased by 5.5% year-over-year, from $467.11M to $492.93M.
- What is the long-term trend for AvalonBay Communities's operating income?
- Over 4 years (2021 to 2025), AvalonBay Communities's operating income has grown at a 8.5% compound annual growth rate (CAGR), from $1.46B to $2.02B.
- What does operating income mean?
- The profit a company makes from its core business operations before interest and taxes.