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 | FY2021 Year ended Dec 31, 2021 | FY2020 Year ended Dec 31, 2020 | FY2019 Year ended Dec 31, 2019 | FY2018 Year ended Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue: | ||||||||
| Rental and other income | — | — | — | — | — | — | — | 2,280,963 |
| Rental and other income | 3,033,683 | 2,906,676 | 2,760,187 | 2,587,113 | 2,291,766 | 2,297,442 | 2,319,666 | — |
| Management, development and other fees | 7,042 | 7,081 | 7,722 | 6,333 | 3,084 | 3,819 | 4,960 | 3,572 |
| Total revenue | 3,040,725 | 2,913,757 | 2,767,909 | 2,593,446 | 2,294,850 | 2,301,261 | 2,324,626 | 2,284,535 |
| Expenses: | ||||||||
| Operating expenses, excluding property taxes | — | — | — | — | — | — | — | 528,997 |
| Operating expenses, excluding property taxes | 778,171 | 745,846 | 681,338 | 630,154 | 570,853 | 549,913 | 515,145 | — |
| Property taxes | 342,743 | 327,611 | 306,794 | 288,960 | 283,089 | 273,189 | 252,961 | 241,563 |
| Expensed transaction, development and other pursuit costs, net of recoveries | 10,846 | 18,341 | 33,479 | 16,565 | 3,231 | — | — | — |
| Interest expense, net | 259,181 | 226,589 | 205,992 | 230,074 | 220,415 | 214,151 | 203,585 | 220,974 |
| Loss on extinguishment of debt, net | 0 | 0 | 150 | 1,646 | 17,787 | 9,333 | 602 | 17,492 |
| Depreciation expense | 913,376 | 846,853 | 816,965 | 814,978 | 758,596 | 707,331 | 661,578 | 631,196 |
| General and administrative expense | 86,679 | 77,697 | 76,534 | 74,064 | 69,611 | 60,343 | 58,042 | 56,365 |
| Expensed transaction, development and other pursuit costs, net of recoveries | — | — | — | — | — | — | — | 4,309 |
| Other Nonoperating Expense | — | — | — | — | — | 12,399 | 4,991 | — |
| Casualty and impairment loss | 1,276 | 2,935 | 9,118 | 0 | 3,119 | 0 | 0 | 215 |
| Total expenses | — | — | — | — | — | — | 1,696,904 | 1,701,111 |
| Total expenses | 2,392,272 | 2,245,872 | 2,130,370 | 2,056,441 | 1,926,701 | 1,826,659 | — | — |
| Income from unconsolidated investments | — | — | 13,454 | 53,394 | 38,585 | 6,422 | 8,652 | 15,270 |
| 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 | 602,235 | 340,444 | 166,105 | 374,976 |
| Other real estate activity | 4,131 | 753 | 174 | 5,039 | 2,097 | 440 | 439 | 345 |
| Other Selling, General and Administrative Expense | — | — | — | — | — | — | (3,812) | — |
| Net for-sale condominium activity | — | — | — | 88 | (977) | 2,551 | — | — |
| Income before income taxes | 1,055,464 | 1,082,620 | 938,591 | 1,151,084 | 1,010,089 | 824,459 | 799,106 | 974,015 |
| Income tax benefit (expense) | 1,135 | (445) | (10,153) | (14,646) | (5,733) | 3,247 | 13,003 | (160) |
| Net income | 1,056,599 | 1,082,175 | 928,438 | 1,136,438 | 1,004,356 | 827,706 | 786,103 | 974,175 |
| Net (income) loss attributable to noncontrolling interests | (5,298) | (181) | 387 | 337 | (57) | (76) | (129) | 350 |
| Net income attributable to common stockholders | 1,051,301 | 1,081,994 | 928,825 | 1,136,775 | 1,004,299 | 827,630 | 785,974 | 974,525 |
| Other comprehensive income: | ||||||||
| (Loss) gain on cash flow hedges | (4,488) | 18,659 | 13,332 | 23,647 | 993 | (17,731) | (11,930) | 5,132 |
| Cash flow hedge (gains) losses reclassified to earnings | (3,330) | (471) | 1,360 | 3,883 | (13,151) | (8,984) | (6,571) | (6,143) |
| Comprehensive income | 1,043,483 | 1,100,182 | 943,517 | 1,164,305 | 1,018,443 | 818,883 | 780,615 | 985,800 |
| Earnings per common share - basic: | ||||||||
| Net income per common share - basic (in dollars per share) | 7.40 | 7.61 | 6.56 | 8.13 | 7.19 | 5.89 | 5.64 | 7.05 |
| Earnings per common share - diluted: | ||||||||
| Net income per common share - diluted (in dollars per share) | 7.40 | 7.60 | 6.56 | 8.12 | 7.19 | 5.89 | 5.63 | 7.05 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.
Data on this page was fetched . The filing on SEC.gov is the record.