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Balance Sheets Overview

Debt to Asset Ratio
45.16%
Unit: Thousand (K) dollars
Assets Breakdown
    • Buildings and improvements
    • Less accumulated depreciation
    • Land and improvements
    • Others
Liabilities Breakdown
    • Additional paid-in capital
    • Unsecured debt, net
    • Variable rate unsecured credit f...
    • Others
Balance Sheets
2026-06-30
2026-03-31
2025-12-31
2025-09-30
Land and improvements
5,007,247
4,989,148
4,960,568
4,924,925
Buildings and improvements
21,628,963
21,444,491
21,252,137
21,027,361
Furniture, fixtures and equipment
1,642,780
1,596,077
1,546,813
1,505,473
Gross operating real estate
28,278,990
28,029,716
27,759,518
27,457,759
Less accumulated depreciation
9,116,539
8,914,545
8,686,084
8,555,747
Net operating real estate
19,162,451
19,115,171
19,073,434
18,902,012
Construction in progress, including land
1,668,998
1,575,669
1,458,795
1,428,609
Land held for development
101,508
135,134
123,751
126,050
Real estate assets held for sale, net
41,942
0
150,262
69,578
Total real estate, net
20,974,899
20,825,974
20,806,242
20,526,249
Cash and cash equivalents
80,682
121,231
187,234
123,313
Restricted cash
165,436
169,863
165,849
198,578
Unconsolidated investments
199,046
193,271
193,441
206,185
Deferred development costs
75,440
68,765
73,237
101,523
Prepaid expenses and other assets
660,707
602,145
618,597
643,790
Right of use lease assets
144,141
145,704
147,537
149,594
Total assets
22,300,351
22,126,953
22,192,137
21,949,232
Unsecured debt, net
7,408,395
7,881,320
7,879,380
7,780,713
Variable rate unsecured credit facility and commercial paper, net
915,786
769,722
739,608
234,981
Mortgage notes payable, net
700,599
709,176
709,564
709,942
Dividends payable
256,954
251,694
250,548
252,757
Payables for construction
113,585
107,546
92,267
97,905
Accrued expenses and other liabilities
385,901
391,768
391,973
406,542
Lease liabilities
162,444
163,517
165,200
167,826
Accrued interest payable
65,814
76,415
68,591
75,834
Resident security deposits
62,215
61,174
60,689
61,237
Total liabilities
10,071,693
10,412,332
10,357,820
9,787,737
Common stock, 0.01 par value 280,000,000 shares authorized at june30, 2026 and december31, 2025 141,875,567 and 140,080,657 shares issued and outstanding at june30, 2026 and december31, 2025, respectively
1,419
1,391
1,401
1,415
Additional paid-in capital
11,739,908
11,117,451
11,212,296
11,271,388
Accumulated earnings less dividends
242,188
339,630
371,157
638,898
Accumulated other comprehensive income
38,896
32,453
26,486
26,214
Total stockholders' equity
12,022,411
11,490,925
11,611,340
11,937,915
Noncontrolling interests
206,247
223,696
222,977
223,580
Total equity
12,228,658
11,714,621
11,834,317
12,161,495
Total liabilities and equity
22,300,351
22,126,953
22,192,137
21,949,232
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

Time Plot

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Balance Sheets

Buildings andimprovements$21,628,963K (4.35%↑ Y/Y)Land andimprovements$5,007,247K (2.33%↑ Y/Y)Furniture, fixtures andequipment$1,642,780K (12.82%↑ Y/Y)Gross operating realestate$28,278,990K (4.44%↑ Y/Y)Net operating realestate$19,162,451K (2.69%↑ Y/Y)Construction in progress,including land$1,668,998K (19.28%↑ Y/Y)Land held fordevelopment$101,508K (0.44%↑ Y/Y)Real estate assetsheld for sale, net$41,942K (-87.45%↓ Y/Y)Less accumulateddepreciation$9,116,539K (8.32%↑ Y/Y)Total real estate, net$20,974,899K (2.34%↑ Y/Y)Prepaid expenses andother assets$660,707K (9.07%↑ Y/Y)Unconsolidated investments$199,046K (-12.39%↓ Y/Y)Restricted cash$165,436K (-14.08%↓ Y/Y)Right of use leaseassets$144,141K (-4.49%↓ Y/Y)Cash and cashequivalents$80,682K (-21.53%↓ Y/Y)Deferred developmentcosts$75,440K (17.47%↑ Y/Y)Total assets$22,300,351K (2.12%↑ Y/Y)Total liabilities andequity$22,300,351K (2.12%↑ Y/Y)Total equity$12,228,658K (0.48%↑ Y/Y)Total liabilities$10,071,693K (4.18%↑ Y/Y)Total stockholders'equity$12,022,411K (0.63%↑ Y/Y)Noncontrolling interests$206,247K (-7.34%↓ Y/Y)Unsecured debt, net$7,408,395K (1.69%↑ Y/Y)Variable rate unsecuredcredit facility and...$915,786K (37.79%↑ Y/Y)Mortgage notes payable,net$700,599K (-1.36%↓ Y/Y)Accrued expenses andother liabilities$385,901K (6.83%↑ Y/Y)Dividends payable$256,954K (1.52%↑ Y/Y)Lease liabilities$162,444K (-4.06%↓ Y/Y)Payables forconstruction$113,585K (11.78%↑ Y/Y)Accrued interestpayable$65,814K (12.18%↑ Y/Y)Resident securitydeposits$62,215K (-2.21%↓ Y/Y)Additional paid-in capital$11,739,908K (3.68%↑ Y/Y)Accumulated earnings lessdividends$242,188K (-59.33%↓ Y/Y)Accumulated othercomprehensive income$38,896K (40.92%↑ Y/Y)Common stock, 0.01 parvalue 280,000,000...$1,419K (-0.28%↓ Y/Y)
2023-Citi-Presentation-(FINAL)-2-pdf-svg

AVALONBAY COMMUNITIES INC (AVB)

2023-Citi-Presentation-(FINAL)-2-pdf-svg

AVALONBAY COMMUNITIES INC (AVB)