AVB · As filed with the SEC
Avalonbay Communities balance sheet, 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 BALANCE SHEETS · USD thousands, except per-share amounts
| USD thousands, except per-share amounts | FY2025 Dec 31, 2025 | FY2024 Dec 31, 2024 | FY2023 Dec 31, 2023 | FY2022 Dec 31, 2022 | FY2021 Dec 31, 2021 | FY2020 Dec 31, 2020 | FY2019 Dec 31, 2019 | FY2018 Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Real estate: | ||||||||
| Land and improvements | 4,960,568 | 4,888,146 | 4,720,331 | 4,640,971 | 4,564,723 | 4,394,298 | 4,299,162 | 4,077,090 |
| Buildings and improvements | 21,252,137 | 20,454,276 | 19,438,195 | 18,804,510 | 18,198,584 | 17,231,275 | 16,668,496 | 15,651,035 |
| Furniture, fixtures and equipment | 1,546,813 | 1,387,506 | 1,303,959 | 1,174,135 | 1,036,640 | 924,583 | 829,242 | 696,200 |
| Gross operating real estate | 27,759,518 | 26,729,928 | 25,462,485 | 24,619,616 | 23,799,947 | 22,550,156 | 21,796,900 | 20,424,325 |
| Less accumulated depreciation | (8,686,084) | (8,164,411) | (7,557,614) | (6,878,556) | (6,208,610) | (5,700,179) | (5,164,398) | (4,601,447) |
| Net operating real estate | 19,073,434 | 18,565,517 | 17,904,871 | 17,741,060 | 17,591,337 | 16,849,977 | — | — |
| Construction in progress, including land | 1,458,795 | 1,042,673 | 1,268,915 | 1,072,543 | 807,101 | 989,765 | 1,303,751 | 1,768,132 |
| Land held for development | 123,751 | 151,922 | 199,062 | 179,204 | 147,546 | 110,142 | 0 | 84,712 |
| For-sale condominium inventory | — | — | — | 32,532 | 146,535 | 267,219 | 457,809 | — |
| Gross real estate assets held for sale | — | — | — | — | — | 16,678 | 38,927 | — |
| Total real estate, net | — | — | — | — | — | — | 18,432,989 | 17,730,930 |
| Real estate assets held for sale, net | 150,262 | 6,950 | 0 | 0 | 17,065 | — | — | 55,208 |
| Total real estate, net | 20,806,242 | 19,767,062 | 19,372,848 | 19,025,339 | 18,709,584 | 18,233,781 | 16,632,502 | 15,822,878 |
| Cash and cash equivalents | 187,234 | 108,576 | 397,890 | 613,189 | 420,251 | 216,976 | 39,687 | 91,659 |
| Restricted cash | 165,849 | 158,500 | 133,070 | 121,056 | 123,537 | 96,556 | 87,927 | 126,205 |
| Resident security deposits | — | — | — | 36,815 | 33,757 | 30,811 | 34,224 | 31,816 |
| Unconsolidated investments | 193,441 | 227,320 | 220,145 | 212,084 | 216,390 | 202,612 | 165,806 | 217,432 |
| Deferred development costs | 73,237 | 43,675 | 53,122 | 58,489 | 40,414 | 55,427 | 70,486 | 47,443 |
| Prepaid expenses and other assets | 618,597 | 540,950 | 366,465 | 247,461 | 211,484 | 207,715 | 164,971 | 134,715 |
| Right of use lease assets | 147,537 | 154,654 | 134,674 | 143,331 | 146,599 | 155,266 | 124,961 | — |
| Total assets | 22,192,137 | 21,000,737 | 20,678,214 | 20,457,764 | 19,902,016 | 19,199,144 | 19,121,051 | 18,380,200 |
| LIABILITIES AND EQUITY | ||||||||
| Unsecured debt, net | 7,879,380 | 7,358,784 | 7,256,152 | 7,602,305 | 7,349,394 | 6,702,005 | 6,358,648 | 5,905,993 |
| Variable rate unsecured credit facility | — | — | — | — | 0 | 0 | 0 | 0 |
| Variable rate unsecured credit facility and commercial paper, net | 739,608 | 0 | 0 | 0 | — | — | — | — |
| Mortgage notes payable, net | 709,564 | 718,465 | 725,670 | 713,740 | 754,153 | 862,332 | 937,642 | 1,134,270 |
| Dividends payable | 250,548 | 244,967 | 238,072 | 226,022 | 225,392 | 224,897 | 215,414 | 204,191 |
| Payables for construction | 92,267 | 85,954 | 87,703 | 72,802 | 63,722 | 93,609 | 92,135 | 96,983 |
| Accrued expenses and other liabilities | 391,973 | 356,987 | 310,868 | 306,186 | 296,006 | 274,699 | 274,013 | 297,700 |
| Lease liabilities | 165,200 | 173,282 | 153,232 | 162,671 | 166,497 | 181,479 | 140,468 | — |
| Accrued interest payable | 68,591 | 58,377 | 57,911 | 54,100 | 50,300 | 49,033 | 47,154 | 46,648 |
| Resident security deposits | 60,689 | 62,829 | 63,815 | 63,700 | 59,787 | 55,928 | 61,752 | 58,415 |
| Liabilities related to real estate assets held for sale | — | — | — | 0 | 304 | 311 | 375 | 150 |
| Total liabilities | 10,357,820 | 9,059,645 | 8,893,423 | 9,201,526 | 8,965,555 | 8,444,293 | 8,127,601 | 7,744,350 |
| Redeemable noncontrolling interests | — | 0 | 1,473 | 2,685 | 3,368 | 2,677 | 3,252 | 3,244 |
| Preferred Stock, Shares Outstanding | — | — | — | — | — | 0 | — | — |
| Equity: | ||||||||
| Preferred stock, $0.01 par value; $25 liquidation preference; 50,000,000 shares authorized at December 31, 2025 and December 31, 2024; zero shares issued and outstanding at December 31, 2025 and December 31, 2024 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Common stock, $0.01 par value; 280,000,000 shares authorized at December 31, 2025 and December 31, 2024; 140,080,657 and 142,254,022 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | 1,401 | 1,422 | 1,420 | 1,400 | 1,398 | 1,395 | 1,406 | 1,385 |
| Additional paid-in capital | 11,212,296 | 11,314,116 | 11,287,549 | 10,765,431 | 10,716,414 | 10,664,416 | 10,736,733 | 10,306,588 |
| Accumulated earnings less dividends | 371,157 | 591,250 | 478,156 | 485,221 | 240,821 | 126,022 | 282,913 | 350,777 |
| Accumulated other comprehensive income | 26,486 | 34,304 | 16,116 | 1,424 | (26,106) | (40,250) | (31,503) | (26,144) |
| Total stockholders' equity | 11,611,340 | — | 11,783,241 | 11,253,476 | 10,932,527 | 10,751,583 | 10,989,549 | — |
| Noncontrolling interests | 222,977 | — | 77 | 77 | 566 | 591 | 649 | — |
| Total equity | 11,834,317 | 11,941,092 | 11,783,318 | 11,253,553 | 10,933,093 | 10,752,174 | 10,990,198 | 10,632,606 |
| Total liabilities and equity | 22,192,137 | 21,000,737 | 20,678,214 | 20,457,764 | 19,902,016 | 19,199,144 | 19,121,051 | 18,380,200 |
| Preferred Stock, Par or Stated Value Per Share | — | — | — | — | — | 0.01 | — | — |
| Preferred Stock, Liquidation Preference Per Share | — | — | — | — | — | 25.00 | — | — |
| Preferred Stock, Shares Authorized | — | — | — | — | — | 50,000,000 | — | — |
| Preferred Stock, Shares Issued | — | — | — | — | — | 0 | — | — |
| Common Stock, Shares, Outstanding | — | — | — | — | — | 139,526,671 | — | — |
| Common Stock, Par or Stated Value Per Share | — | — | — | — | — | 0.01 | — | — |
| Common Stock, Shares Authorized | — | — | — | — | — | 280,000,000 | — | — |
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.