MARKETS / NYSE / AVB
NYSE · REAL ESTATE INVESTMENT TRUSTS · LARGE CAP

Avalonbay Communities, Inc. AVB

19 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY3 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$7.0M
▼ 0.6% vs FY2024
Dividend streak
3 yrs
Raised every year since 2023
EPS · FY25
$7.40
Dividend / sh · FY25
$7.00
Payout · FY25
ROE · FY25
9.0%
Net margin · FY25
15004.2%
Dividend coverage
1.1×
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Result
USD 7.0M
Revenue, FY2025 · full 19-year series below
Revenue Net income
0.511.520.01.12007201020132016201920222025
0.511.520.01.12016201920222025

15004 cents of every revenue dollar became profit this year.

Per share
USD 7.40
Diluted EPS, FY2025
EPS Dividend
48127.007.402007201020132016201920222025
48127.007.402016201920222025

Earnings covered the dividend 1.1 times — the rest stayed in the company.

Profitability
9.0%
Return on equity, FY2025
ROE
4812169.0%2007201020132016201920222025
4812169.0%2016201920222025
Operating margin28698.5%
Net margin15004.2%
Return on assets4.9%

Each USD of equity produced 9 cents of profit this year.

Returned to shareholders
USD 401.5M
returned in FY2025 · dividends + net buybacks
Dividends paid
Net buybacksUSD 401.5M
Share of profit38.0%
Consecutive raises3 years

USD 401.5M in buybacks — 38% of the year's profit went back to shareholders.

Growth
+13.0% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+3.6%
+13.0%
−42.7%
−27.3%
Net income
−2.4%
+5.0%
+3.6%
+12.7%
EPS, diluted
−3.0%
+4.7%
+3.0%
+8.9%
Dividend / share
+3.2%
+1.9%
+3.4%
+4.6%
Returned to shareholders
+17.3%
−4.8%
+2.0%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.14B
Shares outstanding, FY2025
0.090.142007201020132016201920222025
0.140.142016201920222025
Change, 5 years+0.4%
Change, 10 years+2.2%

The share count grew 0% in five years — the same company, cut into more, smaller slices.

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Balance sheet
USD 22.2B
total assets, end of FY2025
Total assetsUSD 22.2B
EquityUSD 11.6B
CashUSD 187.2M
Gross debtUSD 9.3B
Net debtUSD 9.1B

Net debt stands at 79% of equity.

History
19 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
Revenue $B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
1.9
1.7
1.5
1.0
0.9
0.8
0.8
0.8
0.7
Operating income $B
2.0
1.9
1.8
1.7
1.5
1.5
1.6
1.5
1.4
1.3
1.2
1.1
1.0
0.7
0.6
0.5
·
·
·
EBITDA $B
2.9
2.8
2.6
2.5
2.2
2.2
2.2
2.1
2.0
1.8
1.7
1.5
1.5
0.9
0.8
·
·
·
·
Income tax $B
−0.0
0.0
0.0
0.0
0.0
−0.0
0.0
−0.0
0.0
0.0
0.0
0.0
0.0
0.0
·
·
·
·
·
Net income $B
1.1
1.1
0.9
1.1
1.0
0.8
0.8
1.0
0.9
1.0
0.7
0.7
0.4
0.4
0.4
0.2
0.2
0.4
0.4
EPS, diluted $
7.40
7.60
6.56
8.12
7.19
5.89
5.63
7.05
6.35
7.52
5.51
5.21
2.78
4.32
4.87
2.07
1.93
5.17
4.38
Dividend / sh $
7.00
6.80
6.60
6.36
6.36
6.36
6.08
5.88
5.68
5.40
5.00
4.64
4.28
3.88
3.57
3.57
3.57
5.38
3.40
Payout %
·
·
·
·
·
·
107
83
88
70
88
87
149
86
72
169
182
68
75
ROE %
9.0
9.1
8.1
10.2
9.3
7.6
7.3
9.2
·
·
8.2
7.7
4.6
7.5
11.4
5.5
5.2
13.9
11.8
Shares out B
0.14
0.14
0.14
0.14
0.14
0.14
0.14
0.14
0.14
0.14
0.14
0.13
0.13
0.11
0.10
0.09
·
·
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
36 of 36
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed