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Rental and other income$775,986K (2.29%↑ Y/Y)Management, development andother fees$1,782K (11.79%↑ Y/Y)Total revenue$777,768K (2.31%↑ Y/Y)Structured investmentprogram interest income$7,704K (11.06%↑ Y/Y)Income (gain) fromunconsolidated investments$7,647K (826.90%↑ Y/Y)Other real estateactivity$223K (-93.87%↓ Y/Y)Income before incometaxes$156,963K (-41.72%↓ Y/Y)Total expenses$636,041K (6.03%↑ Y/Y)(gain) loss on sale ofcommunities-$338K (-100.34%↓ Y/Y)Net income$156,893K (-41.86%↓ Y/Y)Income tax (expense)benefit$70K (113.18%↑ Y/Y)Depreciation expense$232,975K (0.54%↑ Y/Y)Operating expenses,excluding property taxes$195,769K (2.53%↑ Y/Y)Property taxes$90,114K (4.75%↑ Y/Y)Interest expense, net$70,070K (8.13%↑ Y/Y)General andadministrative expense$27,137K (18.00%↑ Y/Y)Expensed transaction,development and other...-$19,976K (-701.28%↓ Y/Y)Net incomeattributable to common...$155,720K (-42.04%↓ Y/Y)Net incomeattributable to...$1,173K (-1.43%↓ Y/Y)
Income Statement
2023-Citi-Presentation-(FINAL)-2-pdf-svg
source: myfinsight.com

AVALONBAY COMMUNITIES INC (AVB)

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

AVALONBAY COMMUNITIES INC (AVB)