For the quarter ending 2025-09-30, AVB had $26,519K increase in cash & cash equivalents over the period.
| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Net income | 384,162 | 269,855 | 236,597 | 282,092 |
| Depreciation expense | 230,371 | 231,730 | 217,888 | 215,539 |
| Amortization of deferred financing costs and debt discount | 3,893 | 3,047 | 3,233 | 3,285 |
| Loss on extinguishment of debt, net | - | - | - | 0 |
| Amortization of stock-based compensation | 7,149 | 8,457 | 5,662 | 5,132 |
| Equity in income of, and return on, unconsolidated investments and noncontrolling interests, net of eliminations | -39,660 | 3,573 | 3,093 | -21,693 |
| Casualty and impairment loss | 0 | 858 | 0 | 0 |
| Expensed transaction, development and other pursuit costs, net of recoveries | 1,392 | 2,493 | 4,744 | 11,106 |
| Cash flow hedge gains reclassified to earnings | 69 | 570 | 273 | 274 |
| Gain on sale of real estate assets, net | 180,364 | 103,126 | 56,660 | 122,127 |
| Increase in prepaid expenses and other assets | -504 | 26,906 | 8,963 | -1,807 |
| Increase in accrued expenses, other liabilities, accrued interest payable and resident security deposits | 69,581 | -11,599 | 10,582 | -73,344 |
| Net cash provided by operating activities | 476,959 | 377,812 | 415,903 | 328,813 |
| Development/redevelopment of real estate assets including land acquisitions and deferred development costs | 300,433 | 312,084 | 237,282 | 259,357 |
| Acquisition of real estate assets, including partnership interest | 259,480 | 197,133 | 187,362 | 186,056 |
| Capital expenditures - existing real estate assets | 74,770 | 60,669 | 48,370 | 56,917 |
| Capital expenditures - non-real estate assets | 634 | 1,619 | 256 | 124 |
| Increase (decrease) in payables for construction | -3,714 | 19,065 | -3,400 | 4,691 |
| Proceeds from sale of real estate, net of selling costs | 571,189 | 164,407 | 63,651 | 208,471 |
| Note receivable lending | 4,697 | 3,070 | -53,353 | 90,088 |
| Note receivable payments | 0 | -84 | 109 | 0 |
| Distributions from unconsolidated entities and investment sale proceeds | 0 | - | - | 4,000 |
| Unconsolidated investments | 29,328 | 4,158 | 2,395 | 4,808 |
| Net cash used in investing activities | -101,867 | -395,345 | -427,865 | -314,275 |
| Issuance of common stock, net | 0 | 2,684 | 693 | 3,303 |
| Repurchase of common stock, net | 151,846 | - | - | 0 |
| Dividends paid | 250,233 | 248,968 | 243,678 | 241,778 |
| Net borrowings under unsecured credit facility and commercial paper | -430,019 | 440,058 | 224,942 | - |
| Repayments of mortgage notes payable, including prepayment penalties | 1,062 | 8,259 | 1,171 | 662 |
| Issuance of unsecured notes | 497,488 | 450,000 | - | 0 |
| Repayment of unsecured notes | 0 | 525,000 | - | 300,000 |
| Payment of deferred financing costs | 4,037 | 15,966 | 0 | 1 |
| Receipt for termination of forward interest rate swaps | -4,099 | 0 | - | 0 |
| Payments related to tax withholding for share-based compensation | 99 | 191 | 16,353 | 281 |
| Noncontrolling interests, joint venture and preferred equity transactions | 12,864 | 560 | 440 | 520 |
| Net cash used in financing activities | -348,573 | 93,798 | -36,007 | -539,939 |
| Net increase in cash, cash equivalents and restricted cash | 26,519 | 76,265 | -47,969 | -525,401 |
| Cash and cash equivalents at beginning of period | 295,372 | 219,107 | 267,076 | 792,477 |
| Cash and cash equivalents at end of period | 321,891 | 295,372 | 219,107 | 267,076 |
AVALONBAY COMMUNITIES INC (AVB)
AVALONBAY COMMUNITIES INC (AVB)