AVB · As filed with the SEC
Avalonbay Communities income statement, by fiscal year
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.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME · USD thousands, except per-share amounts
| USD thousands, except per-share amounts | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 |
|---|---|---|---|---|
| Revenue: | ||||
| Rental and other income | 3,033,683 | 2,906,676 | 2,760,187 | 2,587,113 |
| Management, development and other fees | 7,042 | 7,081 | 7,722 | 6,333 |
| Total revenue | 3,040,725 | 2,913,757 | 2,767,909 | 2,593,446 |
| Expenses: | ||||
| Operating expenses, excluding property taxes | 778,171 | 745,846 | 681,338 | 630,154 |
| Property taxes | 342,743 | 327,611 | 306,794 | 288,960 |
| Expensed transaction, development and other pursuit costs, net of recoveries | 10,846 | 18,341 | 33,479 | 16,565 |
| Interest expense, net | 259,181 | 226,589 | 205,992 | 230,074 |
| Loss on extinguishment of debt, net | 0 | 0 | 150 | 1,646 |
| Depreciation expense | 913,376 | 846,853 | 816,965 | 814,978 |
| General and administrative expense | 86,679 | 77,697 | 76,534 | 74,064 |
| Casualty and impairment loss | 1,276 | 2,935 | 9,118 | 0 |
| Total expenses | 2,392,272 | 2,245,872 | 2,130,370 | 2,056,441 |
| Income from unconsolidated investments | — | — | 13,454 | 53,394 |
| Income from unconsolidated investments | 39,691 | 50,682 | — | — |
| Structured Investment Program interest income | 27,476 | — | — | — |
| Gain on sale of communities, net | 335,713 | 363,300 | 287,424 | 555,558 |
| Other real estate activity | 4,131 | 753 | 174 | 5,039 |
| Net for-sale condominium activity | — | — | — | 88 |
| Income before income taxes | 1,055,464 | 1,082,620 | 938,591 | 1,151,084 |
| Income tax benefit (expense) | 1,135 | (445) | (10,153) | (14,646) |
| Net income | 1,056,599 | 1,082,175 | 928,438 | 1,136,438 |
| Net (income) loss attributable to noncontrolling interests | (5,298) | (181) | 387 | 337 |
| Net income attributable to common stockholders | 1,051,301 | 1,081,994 | 928,825 | 1,136,775 |
| Other comprehensive income: | ||||
| (Loss) gain on cash flow hedges | (4,488) | 18,659 | 13,332 | 23,647 |
| Cash flow hedge (gains) losses reclassified to earnings | (3,330) | (471) | 1,360 | 3,883 |
| Comprehensive income | 1,043,483 | 1,100,182 | 943,517 | 1,164,305 |
| Earnings per common share - basic: | ||||
| Net income per common share - basic (in dollars per share) | 7.40 | 7.61 | 6.56 | 8.13 |
| Earnings per common share - diluted: | ||||
| Net income per common share - diluted (in dollars per share) | 7.40 | 7.60 | 6.56 | 8.12 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.