AvalonBay Communities, Inc. (AVB) — Financial statements
Income statement, balance sheet, and cash flow for AvalonBay Communities, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 3,039↑4.3% | 2,914↑5.3% | 2,768↑6.7% | 2,593↑13.0% | 2,295 | |
| Cost of Revenue | 1,003↓6.6% | 1,073↑8.6% | 988↑7.5% | 919↑7.6% | 854 | |
| Gross Profit | 2,036↑10.6% | 1,840↑3.4% | 1,780↑6.3% | 1,674↑16.2% | 1,441 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00↓100.0% | 17↑412.7% | 3 | |
| General & Administrative Expenses | 87↑11.6% | 78↑1.5% | 77↑3.3% | 74↑6.4% | 70 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 87↑11.6% | 78↑1.5% | 77↑3.3% | 74↑6.4% | 70 | |
| Other Expenses | 1,035↑22.3% | 847↑3.7% | 817↑2.3% | 798↑5.7% | 755 | |
| Operating Expenses | 1,122↑21.4% | 925↑3.5% | 893↑0.5% | 889↑7.3% | 828 | |
| Total Costs & Expenses | 2,125↑6.4% | 1,998↑6.2% | 1,882↑4.1% | 1,808↑7.5% | 1,682 | |
| Operating Results | ||||||
| Operating Income | 914↓0.2% | 916↑3.3% | 886↑12.9% | 785↑28.2% | 613 | |
| Depreciation & Amortization | 913↑7.9% | 847↑3.7% | 817↑0.2% | 815↑7.4% | 759 | |
| EBITDA | 2,228↑3.3% | 2,156↑9.9% | 1,962↓10.7% | 2,196↑10.4% | 1,989 | |
| EBIT | 1,315↑0.4% | 1,309↑14.4% | 1,145↓17.1% | 1,381↑12.2% | 1,231 | |
| Interest & Other Income | ||||||
| Net Interest Income | -232↓2.3% | -227↓10.0% | -206↑10.5% | -230↓4.4% | -220 | |
| Interest Income | 27 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 259↑14.4% | 227↑10.0% | 206↓10.5% | 230↑4.4% | 220 | |
| Non-Operating Income | -401↓1.9% | -393↓52.3% | -258↑56.7% | -596↑3.6% | -618 | |
| Other Income / Expenses | 142↓15.1% | 167↑219.0% | 52↓85.7% | 366↓8.0% | 397 | |
| Income Before Tax | 1,055↓2.5% | 1,083↑15.3% | 939↓18.5% | 1,151↑14.0% | 1,010 | |
| Income Tax Expense | -1↓355.1% | 0.45↓95.6% | 10↓30.7% | 15↑155.5% | 6 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 1,057↓2.4% | 1,082↑16.6% | 928↓18.3% | 1,136↑13.2% | 1,004 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 1,053↓2.7% | 1,082↑16.5% | 929↓18.3% | 1,137↑13.2% | 1,004 | |
| Bottom-Line Net Income | 1,052↓2.5% | 1,080↑16.3% | 929↓18.1% | 1,135↑13.2% | 1,002 | |
| EPS (Basic) | 7.40↓2.8% | 7.61↑15.8% | 6.57↓19.2% | 8.13↑13.1% | 7.19 | |
| EPS (Diluted) | 7.39↓2.8% | 7.60↑15.9% | 6.56↓19.1% | 8.11↑13.1% | 7.17 | |
| Weighted Average Shares | 141↓0.8% | 142↑0.5% | 141↑1.2% | 140↑0.2% | 139 | |
| Weighted Average Diluted Shares | 142↓0.3% | 142↑0.6% | 142↑1.2% | 140↑0.2% | 140 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.