Avalonbay Cmntys Inc Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Avalonbay Cmntys Inc has an operating margin of 67.8%, meaning the company retains $68 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 67.1% the prior year.
Avalonbay Cmntys Inc's revenue grew 5.3% year-over-year to $2.9B, a solid pace of expansion. This earns a growth score of 44/100.
Avalonbay Cmntys Inc carries a low D/E ratio of 0.68, meaning only $0.68 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 86/100, indicating a strong balance sheet with room for future borrowing.
Avalonbay Cmntys Inc's ROE of 9.1% shows moderate profitability relative to equity, earning a score of 36/100. This is up from 7.9% the prior year.
Avalonbay Cmntys Inc passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Avalonbay Cmntys Inc generates $1.49 in operating cash flow ($1.6B OCF vs $1.1B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Avalonbay Cmntys Inc earns $8.7 in operating income for every $1 of interest expense ($2.0B vs $226.6M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
This page shows Avalonbay Cmntys Inc (AVB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Avalonbay Cmntys Inc generated $2.9B in revenue in fiscal year 2024. This represents an increase of 5.3% from the prior year.
Avalonbay Cmntys Inc's EBITDA was $2.8B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 5.5% from the prior year.
Avalonbay Cmntys Inc reported $1.1B in net income in fiscal year 2024. This represents an increase of 16.6% from the prior year.
Avalonbay Cmntys Inc earned $7.60 per diluted share (EPS) in fiscal year 2024. This represents an increase of 15.9% from the prior year.
Avalonbay Cmntys Inc held $108.6M in cash against $8.1B in long-term debt as of fiscal year 2024.
Avalonbay Cmntys Inc paid $6.80 per share in dividends in fiscal year 2024. This represents an increase of 3.0% from the prior year.
Avalonbay Cmntys Inc had 142M shares outstanding in fiscal year 2024. This represents an increase of 0.2% from the prior year.
Avalonbay Cmntys Inc's operating margin was 67.8% in fiscal year 2024, reflecting core business profitability. This is up 0.7 percentage points from the prior year.
Avalonbay Cmntys Inc's net profit margin was 37.1% in fiscal year 2024, showing the share of revenue converted to profit. This is up 3.6 percentage points from the prior year.
Avalonbay Cmntys Inc's ROE was 9.1% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 1.2 percentage points from the prior year.
Avalonbay Cmntys Inc spent $0 on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.
AVB Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $766.8M+0.9% | $760.2M+1.9% | $745.9M+0.7% | $740.5M+2.0% | $726.0M+1.8% | $712.9M+1.2% | $704.7M+1.0% | $697.6M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $22.0M-4.2% | $23.0M+16.3% | $19.8M+11.8% | $17.7M-9.7% | $19.6M-3.7% | $20.3M+13.0% | $18.0M-12.1% | $20.5M |
| Operating Income | $503.8M-1.9% | $513.7M+0.6% | $510.6M-3.9% | $531.5M+10.0% | $483.3M+0.9% | $479.1M+3.9% | $461.3M-1.2% | $467.1M |
| Interest Expense | $65.4M+0.9% | $64.8M+8.2% | $59.9M+1.5% | $59.0M+3.3% | $57.1M+4.2% | $54.8M+10.7% | $49.5M+2.8% | $48.1M |
| Income Tax | -$193K+63.7% | -$531K-357.8% | -$116K+54.2% | -$253K-308.1% | -$62K-181.8% | -$22K-100.9% | $2.4M-44.2% | $4.4M |
| Net Income | $381.3M+41.9% | $268.7M+13.6% | $236.6M-16.2% | $282.3M+11.2% | $253.9M+46.4% | $173.4M-28.3% | $242.1M+40.9% | $171.8M |
| EPS (Diluted) | $2.68+42.6% | $1.88+13.3% | $1.66-16.6% | $1.99+11.8% | $1.78+45.9% | $1.22-28.7% | $1.71+41.3% | $1.21 |
AVB Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $21.9B+0.5% | $21.8B+2.9% | $21.2B+1.0% | $21.0B-0.2% | $21.0B+1.9% | $20.6B-0.2% | $20.7B-0.1% | $20.7B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $123.3M+19.9% | $102.8M+93.1% | $53.3M-51.0% | $108.6M-80.1% | $545.8M+89.6% | $287.9M-27.6% | $397.9M-21.8% | $508.6M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $9.8B+1.2% | $9.7B+4.0% | $9.3B+2.6% | $9.1B-2.5% | $9.3B+4.1% | $8.9B+0.4% | $8.9B-0.3% | $8.9B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $8.7B+0.8% | $8.7B+4.3% | $8.3B+2.8% | $8.1B-3.5% | $8.4B+4.9% | $8.0B0.0% | $8.0B+0.4% | $7.9B |
| Total Equity | $11.9B-0.1% | $11.9B+0.3% | $11.9B-0.2% | $11.9B+1.7% | $11.7B+0.2% | $11.7B-0.6% | $11.8B0.0% | $11.8B |
| Retained Earnings | $638.9M+7.3% | $595.5M+3.3% | $576.5M-2.5% | $591.3M+40.4% | $421.1M+2.9% | $409.4M-14.4% | $478.2M+1.5% | $471.0M |
AVB Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $477.0M+26.2% | $377.8M-9.2% | $415.9M+26.5% | $328.8M-13.5% | $380.0M-8.0% | $412.9M+19.3% | $346.2M-26.5% | $471.3M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$101.9M+74.2% | -$395.3M+7.6% | -$427.9M-36.1% | -$314.3M-58.7% | -$198.0M+25.5% | -$265.8M+23.2% | -$346.1M-21.4% | -$285.0M |
| Financing Cash Flow | -$348.6M-471.6% | $93.8M+360.5% | -$36.0M+93.3% | -$539.9M-437.9% | $159.8M+162.8% | -$254.5M-2.1% | -$249.2M+29.4% | -$353.2M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 |
AVB Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 65.7%-1.9pp | 67.6%-0.9pp | 68.5%-3.3pp | 71.8%+5.2pp | 66.6%-0.7pp | 67.2%+1.7pp | 65.5%-1.5pp | 67.0% |
| Net Margin | 49.7%+14.4pp | 35.3%+3.6pp | 31.7%-6.4pp | 38.1%+3.1pp | 35.0%+10.7pp | 24.3%-10.0pp | 34.4%+9.7pp | 24.6% |
| Return on Equity | 3.2%+0.9pp | 2.3%+0.3pp | 2.0%-0.4pp | 2.4%+0.2pp | 2.2%+0.7pp | 1.5%-0.6pp | 2.1%+0.6pp | 1.5% |
| Return on Assets | 1.7%+0.5pp | 1.2%+0.1pp | 1.1%-0.2pp | 1.3%+0.1pp | 1.2%+0.4pp | 0.8%-0.3pp | 1.2%+0.3pp | 0.8% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.730.0 | 0.72+0.0 | 0.70+0.0 | 0.68-0.0 | 0.71+0.0 | 0.680.0 | 0.680.0 | 0.67 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Avalonbay Cmntys Inc's annual revenue?
Avalonbay Cmntys Inc (AVB) reported $2.9B in total revenue for fiscal year 2024. This represents a 5.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Avalonbay Cmntys Inc's revenue growing?
Avalonbay Cmntys Inc (AVB) revenue grew by 5.3% year-over-year, from $2.8B to $2.9B in fiscal year 2024.
Is Avalonbay Cmntys Inc profitable?
Yes, Avalonbay Cmntys Inc (AVB) reported a net income of $1.1B in fiscal year 2024, with a net profit margin of 37.1%.
What is Avalonbay Cmntys Inc's earnings per share (EPS)?
Avalonbay Cmntys Inc (AVB) reported diluted earnings per share of $7.60 for fiscal year 2024. This represents a 15.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Avalonbay Cmntys Inc's EBITDA?
Avalonbay Cmntys Inc (AVB) had EBITDA of $2.8B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Avalonbay Cmntys Inc have?
As of fiscal year 2024, Avalonbay Cmntys Inc (AVB) had $108.6M in cash and equivalents against $8.1B in long-term debt.
What is Avalonbay Cmntys Inc's operating margin?
Avalonbay Cmntys Inc (AVB) had an operating margin of 67.8% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Avalonbay Cmntys Inc's net profit margin?
Avalonbay Cmntys Inc (AVB) had a net profit margin of 37.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Avalonbay Cmntys Inc pay dividends?
Yes, Avalonbay Cmntys Inc (AVB) paid $6.80 per share in dividends during fiscal year 2024.
What is Avalonbay Cmntys Inc's return on equity (ROE)?
Avalonbay Cmntys Inc (AVB) has a return on equity of 9.1% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Avalonbay Cmntys Inc's operating cash flow?
Avalonbay Cmntys Inc (AVB) generated $1.6B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Avalonbay Cmntys Inc's total assets?
Avalonbay Cmntys Inc (AVB) had $21.0B in total assets as of fiscal year 2024, including both current and long-term assets.
How many shares does Avalonbay Cmntys Inc have outstanding?
Avalonbay Cmntys Inc (AVB) had 142M shares outstanding as of fiscal year 2024.
What is Avalonbay Cmntys Inc's debt-to-equity ratio?
Avalonbay Cmntys Inc (AVB) had a debt-to-equity ratio of 0.68 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Avalonbay Cmntys Inc's return on assets (ROA)?
Avalonbay Cmntys Inc (AVB) had a return on assets of 5.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Avalonbay Cmntys Inc's Piotroski F-Score?
Avalonbay Cmntys Inc (AVB) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Avalonbay Cmntys Inc's earnings high quality?
Avalonbay Cmntys Inc (AVB) has an earnings quality ratio of 1.49x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Avalonbay Cmntys Inc cover its interest payments?
Avalonbay Cmntys Inc (AVB) has an interest coverage ratio of 8.7x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Avalonbay Cmntys Inc?
Avalonbay Cmntys Inc (AVB) scores 66 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.