For the year ending 2025-12-31, AVB made $3,040,725K in revenue. $1,043,483K in net income. Net profit margin of 34.32%.
| Income Statement | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Total revenue | 3,040,725 | 2,913,757 | 2,767,909 | 2,593,446 |
| Operating expenses, excluding property taxes | 778,171 | 745,846 | 681,338 | 630,154 |
| Property taxes | 342,743 | 327,611 | 306,794 | 288,960 |
| Expensed transaction, development and other pursuit costs, net of recoveries | -10,846 | -18,341 | -33,479 | -16,565 |
| Interest expense, net | 259,181 | 226,589 | 205,992 | 230,074 |
| Loss on extinguishment of debt, net | 0 | 0 | -150 | -1,646 |
| Depreciation expense | 913,376 | 846,853 | 816,965 | 814,978 |
| General and administrative expense | 86,679 | 77,697 | 76,534 | 74,064 |
| Casualty and impairment loss | 1,276 | 2,935 | 9,118 | 0 |
| Total expenses | 2,392,272 | 2,245,872 | 2,130,370 | 2,056,441 |
| Income from unconsolidated investments | 39,691 | 50,682 | 13,454 | 53,394 |
| Structured investment program interest income | 27,476 | - | - | - |
| Gain on sale of communities, net | 335,713 | 363,300 | 287,424 | 555,558 |
| Other real estate activity | 4,131 | 753 | 174 | 5,039 |
| Net for-sale condominium activity | - | - | - | 88 |
| Income before income taxes | 1,055,464 | 1,082,620 | 938,591 | 1,151,084 |
| Income tax benefit (expense) | -1,135 | 445 | 10,153 | 14,646 |
| Net income | 1,056,599 | 1,082,175 | 928,438 | 1,136,438 |
| Net (income) loss attributable to noncontrolling interests | 5,298 | 181 | -387 | -337 |
| Net income attributable to common stockholders | 1,051,301 | 1,081,994 | 928,825 | 1,136,775 |
| (loss) gain on cash flow hedges | -4,488 | 18,659 | 13,332 | 23,647 |
| Cash flow hedge (gains) losses reclassified to earnings | 3,330 | 471 | -1,360 | -3,883 |
| Comprehensive income | 1,043,483 | 1,100,182 | 943,517 | 1,164,305 |
| Basic EPS | 7.4 | 7.61 | 6.56 | 8.13 |
| Diluted EPS | 7.4 | 7.6 | 6.56 | 8.12 |
| Basic Average Shares | 141,739,349 | 142,000,934 | 141,307,186 | 139,634,294 |
| Diluted Average Shares | 142,826,382 | 142,458,604 | 141,643,788 | 139,975,087 |
AVALONBAY COMMUNITIES INC (AVB)
AVALONBAY COMMUNITIES INC (AVB)