Avalonbay Communities Inc
AVBDelisted Aug 17, 2026- Industry
- Real Estate Investment Trusts
- SEC CIK
- 0000915912
Avalonbay Communities Inc was delisted on Aug 17, 2026; its insiders filed their last Form 4 on Aug 17, 2026; 761 institutions reported holding it in 13F filings for Q2 2026, worth $24.9B in total; Viking Global Investors was the only superinvestor holding it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 8, 2026, 11:57 AM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 5, 2026 | Feb 6, 2025 | Feb 1, 2024 | Feb 9, 2023 | Feb 3, 2022 |
| Revenue | $3.04B | $2.91B | $2.77B | $2.59B | $2.29B |
| Selling, general and administrative | $86.7M | $77.7M | $76.5M | $74.1M | $69.6M |
| Operating income | $2.02B | $1.97B | $1.89B | $1.77B | $1.51B |
| Interest expense | $259.2M | $226.6M | $206.0M | $230.1M | $220.4M |
| Income tax | -$1.14M | $445.0K | $10.2M | $14.6M | $5.73M |
| Net income | $1.06B | $1.08B | $928.4M | $1.14B | $1.00B |
| EPS, basic | $7.40 | $7.61 | $6.56 | $8.13 | $7.19 |
| EPS, diluted | $7.40 | $7.60 | $6.56 | $8.12 | $7.19 |
| Weighted shares, basic | 141.7M | 142.0M | 141.3M | 139.6M | 139.4M |
| Weighted shares, diluted | 142.8M | 142.5M | 141.6M | 140.0M | 139.7M |
| Margins and growth | |||||
| Operating margin | 66.5% | 67.8% | 68.2% | 68.1% | 66.0% |
| Net margin | 34.7% | 37.1% | 33.5% | 43.8% | 43.8% |
| Revenue growth, year over year | +4.4% | +5.3% | +6.7% | +13.0% | −0.3% |
| Net income growth, year over year | −2.4% | +16.6% | −18.3% | +13.2% | +21.3% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 5, 2026 | Feb 6, 2025 | Feb 1, 2024 | Feb 9, 2023 | Feb 3, 2022 |
| Cash and equivalents | $187.2M | $108.6M | $397.9M | $613.2M | $420.3M |
| Total assets | $22.2B | $21.0B | $20.7B | $20.5B | $19.9B |
| Short-term debt | $740.0M | $0 | $0 | $0 | – |
| Long-term debt | $9.33B | $8.08B | $7.98B | $8.32B | $8.17B |
| Total liabilities | $10.4B | $9.06B | $8.89B | $9.20B | $8.97B |
| Shareholders' equity | $11.8B | $11.9B | $11.8B | $11.3B | $10.9B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 5, 2026 | Feb 6, 2025 | Feb 1, 2024 | Feb 9, 2023 | Feb 3, 2022 |
| Operating cash flow | $1.67B | $1.61B | $1.56B | $1.42B | $1.20B |
| Capital expenditures | $261.8M | $193.3M | $178.3M | $160.3M | $142.7M |
| Free cash flow | $1.41B | $1.41B | $1.38B | $1.26B | $1.06B |
| Stock-based compensation | $26.5M | $25.4M | $27.1M | $33.9M | $25.5M |
| Share buybacks | $488.1M | $0 | $1.91M | $0 | $0 |
| Investing cash flow | -$1.39B | -$996.9M | -$929.0M | -$560.4M | -$624.1M |
| Financing cash flow | -$192.7M | -$874.9M | -$834.4M | -$671.1M | -$348.9M |
| Net change in cash | $86.0M | -$263.9M | -$203.3M | $190.5M | $230.3M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 0.9% | 0.9% | 1.0% | 1.3% | 1.1% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Jul 24, 2026 | 142.8M | +0.3% | SEC |
| Apr 30, 2026 | 139.1M | −2.3% | SEC |
| Jan 30, 2026 | 140.1M | −1.5% | SEC |
| Oct 31, 2025 | 141.6M | −0.5% | SEC |
| Jul 31, 2025 | 142.4M | +0.1% | SEC |
| Apr 30, 2025 | 142.4M | +0.1% | SEC |
| Jan 31, 2025 | 142.3M | +0.2% | SEC |
| Oct 31, 2024 | 142.2M | +0.2% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.