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AvalonBay Communities AVB Operating Income

Discontinued — last reported Q4 '25

Operating Income at other companies

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$229.81M+88.1%
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-$122.21M-2,014%
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-$5.39M-214%
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FRP HoldingsFRPH
$512K-78.0%
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Equity ResidentialEQR

Segments

By segment

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Same Store$485.88M0.0%
Other Stabilized$21.02M+260%
Development / Redevelopment$4.71M

Other financials

Income statement

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Revenue$770.3M+3.3%
Net income$325.7M+37.7%
EPS (diluted)$2.33+40.4%

Balance sheet

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Cash & equivalents$291.1M+32.9%
Total debt$10.3B+18.3%
Total equity$11.5B-3.6%
Total assets$22.1B+4.3%

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$26.77B-5.3%
Enterprise value$36.77B-1.9%
P/E23.4×-1.0×
P/S8.7×-0.8×

Profitability

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Operating margin67%+0.9pp
Net margin37.4%-1.5pp
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

Reported directly by AvalonBay Communities in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The official record: AvalonBay Communities’s 10-K, filed February 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is AvalonBay Communities's operating income?
AvalonBay Communities (AVB) reported operating income of $509.43M 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 $482.91M to $509.43M.
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 $1.47B to $2.04B.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.