Avalonbay Cmntys Inc SEC Filings

AvalonBay Communities, Inc. is launching a primary offering of new senior unsecured notes under its automatic shelf registration. The notes pay fixed cash interest semi-annually, have a stated maturity, and may be redeemed early at AvalonBay’s option, including a make-whole redemption before a defined par call date and at par thereafter.

The notes rank equally with AvalonBay’s other unsecured, unsubordinated debt, but are effectively junior to secured property mortgages and all liabilities at the subsidiary level. Proceeds are intended for working capital and general corporate purposes, including potential common stock repurchases, repayment of borrowings under a commercial paper program, acquisitions and development or redevelopment of apartment communities, SIP investments, and refinancing other indebtedness.

AvalonBay is a large U.S. multifamily REIT that, as of September 30, 2025, owned or held interests in 314 apartment communities with 97,219 homes across 11 states and the District of Columbia, with an additional development pipeline. Key risks highlighted include overall leverage and covenant restrictions, subordination to secured and subsidiary debt in a distress scenario, interest rate and market value sensitivity, the absence of a planned exchange listing for the notes, and potential impacts from any future credit rating downgrades.

AvalonBay Communities (AVB) reported an initial statement of beneficial ownership on Form 3 for a director. The filing indicates no securities are beneficially held or owned by the reporting person. The stated event date is 11/10/2025, and the form was filed by one reporting person.

The submission was signed by Lee N. Davis as attorney-in-fact under a Power of Attorney dated November 10, 2025.

AvalonBay Communities appointed Conor C. Flynn to its Board of Directors, effective November 10, 2025. The Board determined he is an independent director and has not assigned him to any committees at this time.

Flynn has served as Chief Executive Officer and a director of Kimco Realty Corporation since 2016, after joining the company in 2003 and holding senior roles including President, Chief Operating Officer, Chief Investment Officer, and President, Western Region.

AvalonBay Communities (AVB) reported solid Q3 2025 results. Total revenue was $766.8 million, up from $734.3 million a year ago, driven mainly by higher lease income and asset sales. Net income attributable to common stockholders rose to $381.3 million, with diluted EPS of $2.68 versus $2.61 last year. The quarter included a $180.2 million gain on sale of communities.

The company expanded in growth markets, acquiring 3,285 apartment homes year-to-date for $789.5 million, including six Dallas–Fort Worth assets using $193.0 million cash and 1,060,000 DownREIT units. AVB strengthened liquidity with a $550 million term loan swapped to a 4.44% fixed rate through maturity, issued $400 million of 5.00% unsecured notes due 2035, and repaid $525 million of notes at maturity. Commercial paper outstanding was $235.0 million, and credit facility availability was $2.26 billion. AVB repurchased 786,797 shares for $151.8 million and had 141,594,945 shares outstanding as of October 31, 2025.

Norges Bank filed a Schedule 13G reporting beneficial ownership in AvalonBay Communities, Inc. (AVB). The filing lists 7,577,307 shares, representing 5.3% of the class, with sole voting and sole dispositive power over the same 7,577,307 shares. The Date of Event was 09/30/2025. The shares are invested on behalf of the Government of Norway. The certification states the securities were acquired and are held in the ordinary course and not for the purpose of changing or influencing control.

AvalonBay Communities, Inc. filed an 8-K announcing it furnished its third quarter 2025 operating results. The company issued a press release on October 29, 2025, and made supplemental information available on its website. The full text of the press release and supplemental materials are included as Exhibit 99.1 and Exhibit 99.2.

AvalonBay Communities director Christopher B. Howard received 132 Deferred Stock Units on 09/02/2025 in lieu of a quarterly cash director fee. The Units were granted under the companys Second Amended and Restated 2009 Equity Incentive Plan and will convert one-for-one into common stock when Mr. Howard ceases to be a director. The reported price is $0 because the award substituted for cash compensation. After the grant, the filing reports beneficial ownership of 5,850.5982 shares (including Units that may be subject to vesting). The Form 4 was signed by power of attorney on 09/04/2025.

Ronald L. Havner Jr., a director of AvalonBay Communities, Inc. (AVB), received 132 Deferred Stock Units under the company's equity incentive plan in lieu of a quarterly cash director fee. The Units convert one-for-one into common stock when he ceases to be a director and were issued at a stated price of $0. Following the grant, the filing reports beneficial ownership of 18,889.3122 shares (which includes the Units and may be subject to vesting).

AvalonBay Communities, Inc. (AVB) director Charles E. Mueller Jr. received 172 Deferred Stock Units on 09/02/2025 under the company’s 2009 Equity Incentive Plan in lieu of a quarterly cash director fee. The Units convert one-for-one into common stock when he ceases to be a director. Following the grant, Mr. Mueller beneficially owns 6,769.171 shares of common stock (this total includes Units and may be subject to vesting). The Form 4 was signed under power of attorney on 09/04/2025.