AVALONBAY COMMUNITIES INC
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $3.0B | $2.9B | $2.8B | $2.6B | $2.3B |
| Operating income | $2.0B | $1.9B | $1.8B | $1.7B | $1.5B |
| Interest expense | $259.2M | $226.6M | $206.0M | $230.1M | $220.4M |
| Pretax income | $1.1B | $1.1B | $938.6M | $1.2B | $1.0B |
| Income tax expense | -$1.1M | $445,000 | $10.2M | $14.6M | $5.7M |
| Net income | $1.1B | $1.1B | $928.8M | $1.1B | $1.0B |
| Balance Sheet | |||||
| Cash and equivalents | $187.2M | $108.6M | $397.9M | $613.2M | $420.3M |
| Total assets | $22.2B | $21.0B | $20.7B | $20.5B | $19.9B |
| Total liabilities | $10.4B | $9.1B | $8.9B | $9.2B | $9.0B |
| Total debt | $9.4B | $8.1B | $8.0B | $8.4B | $8.2B |
| Stockholders' equity | $11.6B | $11.9B | $11.8B | $11.3B | $10.9B |
| Cash Flow Statement | |||||
| Cash from operations | $1.7B | $1.6B | $1.6B | $1.4B | $1.2B |
| Depreciation and amortization | $913.4M | $846.9M | $817.0M | $815.0M | $758.6M |
| Stock-based compensation | $26.5M | $25.4M | $27.1M | $33.9M | $25.5M |
| Dividends paid | $993.7M | $969.3M | $935.3M | $890.8M | $889.4M |
| Share repurchases | $488.1M | $0 | $1.9M | $0 | $0 |
| Impairments | $0 | $0 | $0 | $0 | $0 |
Shares outstanding 139.1M · Free float 92.5%
Annual filing data through FY ended December 31, 2025; float as of July 11, 2026.