| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Total revenue | 766,796 | 760,195 | 745,880 | 734,307 |
| Operating expenses, excluding property taxes | 203,478 | 190,940 | 187,030 | 193,041 |
| Property taxes | 89,749 | 86,031 | 81,831 | 82,419 |
| Expensed transaction, development and other pursuit costs, net of recoveries | -1,392 | -2,493 | -4,744 | -1,573 |
| Interest expense, net | 65,410 | 64,801 | 59,864 | 55,769 |
| Loss on extinguishment of debt, net | - | - | - | 0 |
| Depreciation expense | 230,371 | 231,730 | 217,888 | 212,122 |
| General and administrative expense | 22,028 | 22,997 | 19,780 | 20,089 |
| Casualty and impairment loss | 0 | 858 | 0 | 0 |
| Total expenses | 612,428 | 599,850 | 571,137 | 565,013 |
| Income from unconsolidated investments | 42,487 | -1,052 | -999 | 30,720 |
| Structured investment program interest income | 6,832 | 6,937 | 6,113 | - |
| Gain on sale of communities, net | 180,155 | 99,457 | 56,469 | 172,973 |
| Other real estate activity | 127 | 3,637 | 155 | 314 |
| Income before income taxes | 383,969 | 269,324 | 236,481 | 373,301 |
| Income tax benefit (expense) | -193 | -531 | -116 | 782 |
| Net income | 384,162 | 269,855 | 236,597 | 372,519 |
| Net income attributable to noncontrolling interests | 2,856 | 1,190 | 0 | 0 |
| Net income attributable to common stockholders | 381,306 | 268,665 | 236,597 | 372,519 |
| Gain (loss) on cash flow hedges | 36 | -2,263 | -3,597 | 470 |
| Cash flow hedge gains reclassified to earnings | 1,423 | 570 | 273 | 274 |
| Comprehensive income | 379,919 | 265,832 | 232,727 | 372,715 |
| Net income attributable to common stockholders (in dollars per share) | 2.68 | 1.89 | 1.66 | 2.62 |
| Net income attributable to common stockholders (in dollars per share) | 2.68 | 1.88 | 1.66 | 2.61 |
| Weighted average common shares - basic (in shares) | 142,089,075 | 142,195,859 | 142,113,283 | 142,038,838 |
| Weighted average common shares - diluted (in shares) | 143,535,401 | 143,292,306 | 142,486,558 | 142,516,684 |
AVALONBAY COMMUNITIES INC (AVB)
AVALONBAY COMMUNITIES INC (AVB)