AVALONBAY COMMUNITIES INC (AVB)
2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-06-30 | |
|---|---|---|---|---|
| Total revenue | 760,195 | 745,880 | 734,307 | 726,041 |
| Gain on sale of communities | 99,457 | 56,469 | 172,973 | 68,556 |
| Other real estate activity | 3,637 | 155 | 314 | 181 |
| Loss on extinguishment of debt, net | - | - | - | - |
| Property taxes | 86,031 | 81,831 | 82,419 | 81,056 |
| Expensed transaction, development and other pursuit costs, net of recoveries | -2,493 | -4,744 | -1,573 | -1,417 |
| Interest expense, net | 64,801 | 59,864 | 55,769 | 57,078 |
| Casualty and impairment loss | 858 | - | - | - |
| General and administrative expense | 22,997 | 19,780 | 20,089 | 19,586 |
| Depreciation expense | 231,730 | 217,888 | 212,122 | 206,923 |
| Operating expenses, excluding property taxes | 190,940 | 187,030 | 193,041 | 179,595 |
| Total expenses | 599,850 | 571,137 | 565,013 | 545,655 |
| (loss) income from unconsolidated investments | -1,052 | -999 | - | - |
| Structured investment program interest income | 6,937 | 6,113 | - | - |
| Income from unconsolidated investments | - | - | 30,720 | 4,822 |
| Income before income taxes | 269,324 | 236,481 | 373,301 | 253,945 |
| Income tax benefit | -531 | -116 | 782 | -62 |
| Net income | 269,855 | 236,597 | 372,519 | 254,007 |
| Net income attributable to noncontrolling interests | 1,190 | - | - | 73 |
| Net income attributable to common stockholders | 268,665 | - | - | - |
| Gain (loss) on cash flow hedges | -2,263 | -3,597 | 470 | 4,499 |
| Cash flow hedge (gains) losses reclassified to earnings | 570 | 273 | 274 | 69 |
| Net income attributable to common stockholders | - | 236,597 | 372,519 | 253,934 |
| Comprehensive income | 265,832 | 232,727 | 372,715 | 258,364 |
| Net income attributable to common stockholders (in dollars per share) | 1.88 | 1.66 | 2.61 | 1.78 |
| Net income attributable to common stockholders (in dollars per share) | 1.89 | 1.66 | 2.62 | 1.78 |
| Weighted average common shares - basic (in shares) | 142,195,859 | 142,113,283 | 142,038,838 | 142,004,857 |
| Weighted average common shares - diluted (in shares) | 143,292,306 | 142,486,558 | 142,516,684 | 142,389,866 |