AvalonBay Communities, Inc. AVB
At the close of 2020, AvalonBay Communities held a direct or indirect ownership stake in a substantial portfolio encompassing 291 apartment communities. These properties collectively contained 86,025 residential units across 11 states and the District of Columbia. Among these, 18 communities were actively under development, and one was undergoing redevelopment. As an equity REIT, AvalonBay's primary activities involve the development, redevelopment, acquisition, and management of apartment communities. The company strategically targets prominent metropolitan areas such as New England, the New York/New Jersey metro region, the Mid-Atlantic states, the Pacific Northwest, and both Northern and Southern California. Furthermore, AvalonBay is expanding its presence into key growth markets, specifically Southeast Florida and Denver, Colorado.
Business overview written from the company's own Form 10-K (Item 1), filed 2026-02-27 — refreshed whenever it files a new one. The figures above are current; see its SEC filings. ✓ From the 10-K
Plain-English: the Snapshot is the quick read — what it pays you (yield, dividend), how its cash flow looks (FFO/AFFO, Price/OCF) and how much debt it carries. Switch to Expert in the header to hide these explanations.
Snapshot
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
$10,000 invested
Illustrative income only, at today's price and latest declared dividend — it excludes price changes, dividend cuts and taxes. Not a forecast.
Model AVB yourself — any amount, shares, per-payment & a multi-year DRIP projection →
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $3.04B | $1.05B | $913.38M | $2.23B | $1.68B |
| 2024 | $2.91B | $1.08B | $846.85M | $2.16B | $1.61B |
| 2023 | $2.77B | $928.83M | $816.97M | $1.96B | $1.56B |
| 2022 | $2.59B | $1.14B | $814.98M | $2.20B | $1.42B |
| 2021 | $2.29B | $1.00B | $758.60M | $1.99B | $1.20B |
| 2020 | $2.30B | $827.63M | $707.33M | $1.75B | $1.22B |
Dividends
Recent regular dividends per share (special distributions excluded), oldest → newest.
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-06-30 | 2026-06-30 | 2026-07-15 | 2026-06-09 | $1.78 | Quarterly |
| 2026-03-31 | 2026-03-31 | 2026-04-15 | 2026-02-04 | $1.78 | Quarterly |
| 2025-12-31 | 2025-12-31 | 2026-01-15 | 2025-11-19 | $1.75 | Quarterly |
| 2025-09-30 | 2025-09-30 | 2025-10-15 | 2025-09-17 | $1.75 | Quarterly |
| 2025-06-30 | 2025-06-30 | 2025-07-15 | 2025-05-21 | $1.75 | Quarterly |
| 2025-03-31 | 2025-03-31 | 2025-04-15 | 2025-02-05 | $1.75 | Quarterly |
| 2024-12-31 | 2024-12-31 | 2025-01-15 | 2024-11-14 | $1.70 | Quarterly |
| 2024-09-30 | 2024-09-30 | 2024-10-15 | 2024-09-20 | $1.70 | Quarterly |
| 2024-06-28 | 2024-06-28 | 2024-07-15 | 2024-05-16 | $1.70 | Quarterly |
| 2024-03-27 | 2024-03-28 | 2024-04-15 | 2024-01-31 | $1.70 | Quarterly |
| 2023-12-28 | 2023-12-29 | 2024-01-16 | 2023-11-16 | $1.65 | Quarterly |
| 2023-09-28 | 2023-09-29 | 2023-10-16 | 2023-09-14 | $1.65 | Quarterly |
| 2023-06-29 | 2023-06-30 | 2023-07-17 | 2023-05-24 | $1.65 | Quarterly |
| 2023-03-30 | 2023-03-31 | 2023-04-17 | 2023-02-08 | $1.65 | Quarterly |
| 2022-12-29 | 2022-12-30 | 2023-01-17 | 2022-11-10 | $1.59 | Quarterly |
| 2022-09-29 | 2022-09-30 | 2022-10-17 | 2022-09-15 | $1.59 | Quarterly |
| 2022-06-29 | 2022-06-30 | 2022-07-15 | 2022-05-19 | $1.59 | Quarterly |
| 2022-03-30 | 2022-03-31 | 2022-04-15 | 2022-02-17 | $1.59 | Quarterly |
| 2021-12-30 | 2021-12-31 | 2022-01-18 | 2021-11-18 | $1.59 | Quarterly |
| 2021-10-01 | 2021-10-04 | 2021-10-15 | 2021-09-24 | $1.59 | Quarterly |
| 2021-06-29 | 2021-06-30 | 2021-07-15 | 2021-05-20 | $1.59 | Quarterly |
| 2021-03-30 | 2021-03-31 | 2021-04-15 | 2021-02-03 | $1.59 | Quarterly |
| 2020-12-30 | 2020-12-31 | 2021-01-15 | 2020-11-12 | $1.59 | Quarterly |
| 2020-09-29 | 2020-09-30 | 2020-10-15 | 2020-09-16 | $1.59 | Quarterly |
Coverage (payout of operating cash flow): 60.23%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Recent news — AVB
Countdown to AvalonBay (AVB) Q2 Earnings: A Look at Estimates Beyond Revenue and EPS
AvalonBay Communities to Post Q2 Earnings: What Should Investors Know?
Equity Residential Announces Second Quarter 2026 Earnings Release Date
AvalonBay Communities, Inc. Announces Second Quarter 2026 Earnings Release Date
Are AVB, LPRO, APGE, TMHC Obtaining Fair Deals for their Shareholders?
Are AVB, LPRO, APGE, TMHC Obtaining Fair Deals for their Shareholders?
Aerwave Launches First Wi-Fi 7 Community with AvalonBay at Kanso Twinbrook
Shareholder Alert: Ademi LLP investigates whether AvalonBay Communities, Inc. is obtaining a Fair Price for Public Shareholders
Headlines via Financial Modeling Prep; links open the original publisher in a new tab. Not an endorsement or investment advice.
Other Residential REITs
Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.