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Discontinued — last reported Q2 '26

Net debt at other companies

Cloudflare, Inc. logo
Cloudflare, Inc.NET
-5×-5.4×
Zscaler logo
ZscalerZS
19.2×+12.3×
Citigroup logo
CitigroupC
0.1×-0.3×
Morgan Stanley logo
Morgan StanleyMS
-0.2×
Wells Fargo & Company logo
Wells Fargo & CompanyWFC
0.6×-1.3×
American Express logo
American ExpressAXP
0.3×+0.3×

Other financials

Income statement

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Revenue$777.8M+2.3%
Operating income$509.4M+5.5%
Net income$155.7M-42.0%
EPS (diluted)$1.11-41.0%

Balance sheet

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Cash & equivalents$80.7M-72.7%
Total debt$9.1B-4.4%
Total equity$11.5B-3.6%
Total assets$22.3B+2.1%

Cash flow

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Operating cash flow$418.9M+0.7%
CapEx$59.5M+22.9%
Free cash flow$359.5M-2.2%

Valuation

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Market cap$26.96B+2.9%
P/E26.1×+3.5×
P/S8.7×0.0×

Profitability

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Operating margin67%+0.9pp
Net margin33.5%-5.4pp
FCF margin45.7%-2.0pp

Returns & leverage

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Return on equity9.8%+0.1pp
Debt / equity0.9×+0.2×

Where this comes from

Calculated from AvalonBay Communities’s reported figures.

The source filing: AvalonBay Communities’s 8-K, filed July 23, 2026. Open the filing →

Filed
Jul 23, 2026, 7:03 AM EDT
Accession
0000915912-26-000018

FAQ

What is AvalonBay Communities's net debt?
AvalonBay Communities (AVB) reported net debt of $9B in Q2 2026.
How has AvalonBay Communities's net debt changed year-over-year?
AvalonBay Communities's net debt decreased by 2.2% year-over-year, from $9.2B to $9B.
What is the long-term trend for AvalonBay Communities's net debt?
Over 5 years (2020 to 2025), AvalonBay Communities's net debt has grown at a 5.7% compound annual growth rate (CAGR), from $7.5B to $9.88B.
What does net debt mean?
Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

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