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Rental and other income$3,033,683K (4.37%↑ Y/Y)Management, development andother fees$7,042K (-0.55%↓ Y/Y)Total revenue$3,040,725K (4.36%↑ Y/Y)Gain on sale ofcommunities, net$335,713K (-7.59%↓ Y/Y)Income fromunconsolidated investments$39,691K (-21.69%↓ Y/Y)Structured investmentprogram interest income$27,476K Other real estateactivity$4,131K (448.61%↑ Y/Y)Income before incometaxes$1,055,464K (-2.51%↓ Y/Y)Income tax benefit(expense)-$1,135K (-355.06%↓ Y/Y)Total expenses$2,392,272K (6.52%↑ Y/Y)Net income$1,056,599K (-2.36%↓ Y/Y)Depreciation expense$913,376K (7.86%↑ Y/Y)Operating expenses,excluding property taxes$778,171K (4.33%↑ Y/Y)Property taxes$342,743K (4.62%↑ Y/Y)Interest expense, net$259,181K (14.38%↑ Y/Y)General andadministrative expense$86,679K (11.56%↑ Y/Y)Expensed transaction,development and other...-$10,846K (40.86%↑ Y/Y)Casualty and impairmentloss$1,276K (-56.52%↓ Y/Y)Net incomeattributable to common...$1,051,301K (-2.84%↓ Y/Y)Net (income) lossattributable to...$5,298K (2827.07%↑ Y/Y)Comprehensive income$1,043,483K (-5.15%↓ Y/Y)(loss) gain on cash flowhedges-$4,488K (-124.05%↓ Y/Y)Cash flow hedge(gains) losses...$3,330K (607.01%↑ Y/Y)
Income Statement
source: myfinsight.com
2023-Citi-Presentation-(FINAL)-2-pdf-svg

AVALONBAY COMMUNITIES INC (AVB)

2023-Citi-Presentation-(FINAL)-2-pdf-svg

AVALONBAY COMMUNITIES INC (AVB)