AVB · As filed with the SEC

Avalonbay Communities income statement, by quarter

The statement as Avalonbay Communities presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS · USD thousands, except per-share amounts

USD thousands, except per-share amounts	Q2 2026 3 months ended Jun 30, 2026	Q1 2026 3 months ended Mar 31, 2026	Q4 2025^† 3 months ended Dec 31, 2025	Q3 2025 3 months ended Sep 30, 2025
Revenue:
Rental and other income	775,986	768,446	766,018^†	764,926
Management, development and other fees	1,782	1,833	12,246^†	(1,870)
Total revenue	777,768	770,279	767,856^†	766,796
Expenses:
Operating expenses, excluding property taxes	195,769	198,419	196,725^†	203,478
Property taxes	90,114	90,109	85,132^†	89,749
Expensed transaction, development and other pursuit costs, net of recoveries	19,976	3,416	2,217^†	1,392
Interest expense, net	70,070	71,489	69,106^†	65,410
Depreciation expense	232,975	233,104	233,387^†	230,371
General and administrative expense	27,137	22,077	21,874^†	22,028
Casualty and impairment loss	0	4,619	418^†	0
Total expenses	636,041	623,233	608,859^†	612,428
Income (loss) from unconsolidated investments	7,647	(6,527)	(745)^†	42,487
Structured Investment Program interest income	7,704	7,481	7,594^†	6,832
(Loss) gain on sale of communities	(338)	179,912	(368)^†	180,155
Other real estate activity	223	84	212^†	127
Income before income taxes	156,963	327,996	165,690^†	383,969
Income tax (expense) benefit	(70)	294	295^†	193
Net income	156,893	328,290	165,985^†	384,162
Net income attributable to noncontrolling interests	(1,173)	(2,560)	(1,252)^†	(2,856)
(Loss) gain on cash flow hedges	—	—	1,336^†	36
Cash flow hedge (gains) losses reclassified to earnings	—	—	(1,064)^†	(1,423)
Comprehensive income	—	—	165,005^†	379,919
Net income attributable to common stockholders	155,720	325,730	—	381,306
Earnings per common share - basic:
Net income attributable to common stockholders (in dollars per share)	1.11	2.33	—	2.68
Earnings per common share - diluted:
Net income attributable to common stockholders (in dollars per share)	1.11	2.33	—	2.68

† Derived: worked out from the filings, not stated in them. A fourth quarter is the 10-K year less the nine months in the third-quarter 10-Q; a quarter of cash flows is year to date less the prior year to date.

As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.