For the quarter ending 2026-03-31, AVB had -$61,989K decrease in cash & cash equivalents over the period.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 328,290 | 165,985 | 384,162 | 269,855 |
| Depreciation expense | 233,104 | 233,387 | 230,371 | 231,730 |
| Amortization of deferred financing costs and debt discount | 3,634 | 3,512 | 3,893 | 3,047 |
| Loss on extinguishment of debt, net | - | 0 | - | - |
| Amortization of stock-based compensation | 5,699 | 5,190 | 7,149 | 8,457 |
| Equity in loss of, and return on, unconsolidated investments and noncontrolling interests, net of eliminations | 9,851 | 9,384 | -39,660 | 3,573 |
| Casualty and impairment loss | 2,007 | 418 | 0 | 858 |
| Expensed transaction, development and other pursuit costs, net of recoveries | 3,416 | 2,217 | 1,392 | 2,493 |
| Cash flow hedge gains reclassified to earnings | 388 | 380 | 69 | 570 |
| Gain on sale of real estate assets | 179,996 | -196 | 180,364 | 103,126 |
| Increase in accrued interest receivable | 7,186 | 26,124 | - | - |
| Decrease (increase) in prepaid expenses and other assets | -13,111 | -32,183 | -504 | 26,906 |
| Increase in accrued expenses, other liabilities, accrued interest payable and resident security deposits | 7,391 | -25,537 | 69,581 | -11,599 |
| Net cash provided by operating activities | 418,933 | 400,431 | 476,959 | 377,812 |
| Development/redevelopment of real estate assets including land acquisitions and deferred development costs | 336,820 | 359,655 | 300,433 | 312,084 |
| Acquisition of real estate assets, including partnership interest | 0 | 38,188 | 259,480 | 197,133 |
| Capital expenditures - existing real estate assets | 59,453 | 77,960 | 74,770 | 60,669 |
| Capital expenditures - non-real estate assets | 514 | 664 | 634 | 1,619 |
| Increase (decrease) in payables for construction | 15,279 | -5,638 | -3,714 | 19,065 |
| Proceeds from sale of real estate, net of selling costs | 330,378 | 172 | 571,189 | 164,407 |
| Note receivable lending | 11,999 | 3,752 | 4,697 | 15,630 |
| Note receivable payments | - | 15,023 | 0 | -84 |
| Note receivable repayments | 17,580 | - | - | - |
| Distributions from unconsolidated entities and investment sale proceeds | 180 | 7,500 | 0 | - |
| Unconsolidated investments | 3,611 | 4,128 | 29,328 | 4,158 |
| Net cash used in investing activities | -48,980 | -467,290 | -101,867 | -395,345 |
| Issuance of common stock, net | 0 | 83,268 | 0 | 2,684 |
| Repurchase of common stock, net | 198,480 | 336,269 | 151,846 | - |
| Dividends paid | 249,300 | 249,454 | 250,233 | 248,968 |
| Net borrowings under unsecured credit facility and commercial paper | 30,114 | 504,627 | -430,019 | 440,058 |
| Repayments of mortgage notes payable, including prepayment penalties | 982 | 973 | 1,062 | 8,259 |
| Issuance of unsecured debt | - | 399,824 | 497,488 | 450,000 |
| Repayment of unsecured debt | - | 300,000 | 0 | 525,000 |
| Payment of deferred financing costs | 224 | 3,144 | 4,037 | 15,966 |
| Receipt for termination of forward interest rate swaps | - | -242 | -4,099 | 0 |
| Payments related to tax withholding for share-based compensation | 13,070 | 70 | 99 | 191 |
| Noncontrolling interests, joint venture and preferred equity transactions | 0 | 0 | 12,864 | 560 |
| Net cash used in financing activities | -431,942 | 98,051 | -348,573 | 93,798 |
| Net decrease in cash, cash equivalents and restricted cash | -61,989 | 31,192 | 26,519 | 76,265 |
| Cash, cash equivalents and restricted cash, beginning of period | 353,083 | 321,891 | 295,372 | 219,107 |
| Cash, cash equivalents and restricted cash, end of period | 291,094 | 353,083 | 321,891 | 295,372 |
AVALONBAY COMMUNITIES INC (AVB)
AVALONBAY COMMUNITIES INC (AVB)