How has AvalonBay Communities's construction work in progress changed year-over-year?

AvalonBay Communities's construction work in progress increased by 31.5% year-over-year, from $1.2B to $1.58B.

What is the long-term trend for AvalonBay Communities's construction work in progress?

Over 5 years (2020 to 2025), AvalonBay Communities's construction work in progress has grown at a 8.1% compound annual growth rate (CAGR), from $989.77M to $1.46B.

AvalonBay Communities AVB Construction work in progress

Construction work in progress at other companies

FRP HoldingsFRPH

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Mid-America Apartment CommunitiesMAA

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Invitation HomesINVH

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Piedmont Office Realty TrustPDM

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Other financials

Income statement

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Revenue$770.3M+3.3%

Operating income$509.4M+5.5%

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$71.34B+147%

Enterprise value$81.35B+114%

P/E62.3×+37.4×

P/S23.3×+13.6×

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:ConstructionInProgressGross.

The official record: AvalonBay Communities’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is AvalonBay Communities's construction work in progress?: AvalonBay Communities (AVB) reported construction work in progress of $1.58B in Q1 2026.
How has AvalonBay Communities's construction work in progress changed year-over-year?: AvalonBay Communities's construction work in progress increased by 31.5% year-over-year, from $1.2B to $1.58B.
What is the long-term trend for AvalonBay Communities's construction work in progress?: Over 5 years (2020 to 2025), AvalonBay Communities's construction work in progress has grown at a 8.1% compound annual growth rate (CAGR), from $989.77M to $1.46B.