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	Q2 2025 3 months ended Jun 30, 2025	Q1 2025 3 months ended Mar 31, 2025	Q4 2024^† 3 months ended Dec 31, 2024	Q3 2024^† 3 months ended Sep 30, 2024
Revenue:
Rental and other income	775,986	768,446	766,018^†	764,926	758,601	744,138	738,810^†	732,591
Management, development and other fees	1,782	1,833	12,246^†	(1,870)	(1,594)	1,742	12,423^†	1,716
Total revenue	777,768	770,279	767,856^†	766,796	760,195	745,880	740,549^†	734,307
Expenses:
Operating expenses, excluding property taxes	195,769	198,419	196,725^†	203,478	190,940	187,030	197,293^†	193,041
Property taxes	90,114	90,109	85,132^†	89,749	86,031	81,831	84,356^†	82,419
Expensed transaction, development and other pursuit costs, net of recoveries	19,976	3,416	2,217^†	1,392	2,493	4,744	11,106^†	1,573
Interest expense, net	70,070	71,489	69,106^†	65,410	64,801	59,864	58,976^†	55,769
Loss on extinguishment of debt, net	—	—	—	—	—	—	0^†	0
Depreciation expense	232,975	233,104	233,387^†	230,371	231,730	217,888	215,539^†	212,122
General and administrative expense	27,137	22,077	21,874^†	22,028	22,997	19,780	17,691^†	20,089
Casualty and impairment loss	0	4,619	418^†	0	858	0	0^†	0
Total expenses	636,041	623,233	608,859^†	612,428	599,850	571,137	584,961^†	565,013
Income from unconsolidated investments	—	—	—	—	—	—	—	30,720
Income (loss) from unconsolidated investments	7,647	(6,527)	(745)^†	42,487	(1,052)	(999)	16,837^†	25,250^†
Structured Investment Program interest income	7,704	7,481	7,594^†	6,832	6,937	6,113	5,907^†	5,470^†
(Loss) gain on sale of communities	(338)	179,912	(368)^†	180,155	99,457	56,469	121,841^†	172,973
Other real estate activity	223	84	212^†	127	3,637	155	117^†	314
Income before income taxes	156,963	327,996	165,690^†	383,969	269,324	236,481	281,839^†	373,301
Income tax (expense) benefit	(70)	294	295^†	193	531	116	253^†	(782)
Net income	156,893	328,290	165,985^†	384,162	269,855	236,597	282,092^†	372,519
Net income attributable to noncontrolling interests	(1,173)	(2,560)	(1,252)^†	(2,856)	(1,190)	0	0^†	0
Net income attributable to common stockholders	—	—	—	—	—	236,597	282,092^†	372,519
(Loss) gain on cash flow hedges	—	—	1,336^†	36	(2,263)	(3,597)	6,351^†	470
Cash flow hedge (gains) losses reclassified to earnings	—	—	(1,064)^†	(1,423)	(570)	(273)	(274)^†	(274)
Comprehensive income	—	—	165,005^†	379,919	265,832	232,727	288,169^†	372,715
Net income attributable to common stockholders	155,720	325,730	—	381,306	268,665	—	—	372,519^†
Earnings per common share - basic:
Net income attributable to common stockholders (in dollars per share)	1.11	2.33	—	2.68	1.89	1.66	—	2.62
Earnings per common share - diluted:
Net income attributable to common stockholders (in dollars per share)	1.11	2.33	—	2.68	1.88	1.66	—	2.61

† 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.