Complete financial analysis of AvalonBay Communities, Inc. (AVB) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of AvalonBay Communities, Inc., a leading company in the REIT – Residential industry within the Real Estate sector.
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AvalonBay Communities, Inc. (AVB)
About AvalonBay Communities, Inc.
As of December 31, 2020, the Company owned or held a direct or indirect ownership interest in 291 apartment communities containing 86,025 apartment homes in 11 states and the District of Columbia, of which 18 communities were under development and one community was under redevelopment. The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California, as well as in the Company's expansion markets consisting of Southeast Florida and Denver, Colorado (the Expansion Markets).
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.78B | 2.59B | 2.29B | 2.30B | 2.32B | 2.28B | 2.16B | 2.05B | 1.86B | 1.69B | 1.46B | 1.04B | 968.71M | 895.27M | 851.58M | 854.21M | 812.74M | 737.30M | 670.68M | 648.45M | 609.65M | 638.97M | 641.66M | 573.40M | 504.54M | 352.88M | 126.03M | 82.59M | 55.90M | 32.00M |
| Cost of Revenue | 988.13M | 919.11M | 853.94M | 823.10M | 768.11M | 762.85M | 719.39M | 678.45M | 637.88M | 584.82M | 507.03M | 362.20M | 353.31M | 363.33M | 335.88M | 240.86M | 242.70M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 1.79B | 1.67B | 1.44B | 1.48B | 1.56B | 1.52B | 1.44B | 1.37B | 1.22B | 1.10B | 955.89M | 676.46M | 615.40M | 531.93M | 515.71M | 613.34M | 570.04M | 737.30M | 670.68M | 648.45M | 609.65M | 638.97M | 641.66M | 573.40M | 504.54M | 352.88M | 126.03M | 82.59M | 55.90M | 32.00M |
| Gross Profit Ratio | 64.47% | 64.56% | 62.79% | 64.23% | 66.96% | 66.61% | 66.67% | 66.83% | 65.63% | 65.29% | 65.34% | 65.13% | 63.53% | 59.42% | 60.56% | 71.80% | 70.14% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 16.57M | 3.23M | 12.40M | 0.34 | 0.43 | 0.41 | 0.51 | 0.00 | 0.00 | 0.00 | 0.00 | 2.97M | 0.00 | 5.84M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 76.53M | 74.06M | 69.61M | 60.34M | 58.04M | 56.21M | 50.81M | 45.77M | 42.40M | 41.43M | 39.57M | 34.10M | 29.37M | 26.85M | 28.75M | 42.78M | 28.49M | 24.77M | 25.76M | 18.07M | 13.73M | 14.33M | 15.22M | 13.01M | 9.50M | 7.67M | 6.31M | 3.90M | 2.50M | 1.60M |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 3.81M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 5.13M | 0.00 | 3.84M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 76.53M | 74.06M | 69.61M | 60.34M | 58.04M | 56.21M | 50.81M | 45.77M | 42.40M | 41.43M | 39.57M | 34.10M | 34.50M | 26.85M | 32.59M | 42.78M | 28.49M | 24.77M | 25.76M | 18.07M | 13.73M | 14.33M | 15.22M | 13.01M | 9.50M | 7.67M | 6.31M | 3.90M | 2.50M | 1.60M |
| Other Expenses | 0.00 | 814.98M | 758.60M | 707.33M | 661.58M | 631.20M | 584.15M | 531.43M | 477.92M | 442.68M | -3.99M | -6.07M | 243.70M | 232.57M | 229.81M | 194.15M | 254.46M | 442.05M | 415.87M | 412.70M | 521.73M | 498.10M | 344.17M | 312.23M | 303.41M | 204.12M | 80.32M | 58.24M | -33.00M | -19.80M |
| Operating Expenses | 76.53M | 905.61M | 828.21M | 767.67M | 719.62M | 687.40M | 634.96M | 577.21M | 520.32M | 484.11M | 599.79M | 290.13M | 284.13M | 259.42M | 248.18M | -20.31M | 282.96M | 466.82M | 441.63M | 430.78M | 535.47M | 512.43M | 359.39M | 325.25M | 312.92M | 211.79M | 86.62M | 62.14M | -30.50M | -18.20M |
| Cost & Expenses | 1.06B | 1.82B | 1.68B | 1.59B | 1.49B | 1.45B | 1.35B | 1.26B | 1.16B | 1.07B | 1.11B | 652.32M | 637.44M | 622.75M | 584.06M | 220.55M | 525.66M | 466.82M | 441.63M | 430.78M | 535.47M | 512.43M | 359.39M | 325.25M | 312.92M | 211.79M | 86.62M | 62.14M | -30.50M | -18.20M |
| Interest Income | 0.00 | 230.07M | 220.42M | 214.15M | 203.59M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.86M | 0.00 | 0.00 | 1.86M | 1.93M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 205.99M | 230.07M | 220.42M | 214.15M | 203.59M | 220.97M | 199.66M | 187.51M | 175.62M | 180.62M | 172.40M | 136.92M | 168.18M | 175.21M | 150.32M | 114.88M | 97.55M | 111.05M | 127.10M | 131.31M | 134.91M | 121.38M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 816.97M | 1.86B | 1.74B | 1.59B | 1.49B | 1.46B | 1.36B | 1.26B | 477.92M | 442.68M | 560.22M | 256.03M | 246.67M | 232.94M | 209.75M | 194.15M | 181.73M | 172.99M | 170.40M | 167.60M | 157.98M | 148.57M | 133.69M | 126.03M | 113.72M | 80.22M | 27.01M | 18.69M | 13.70M | 8.40M |
| EBITDA | 1.96B | 1.64B | 1.41B | 1.42B | 1.51B | 1.46B | 1.41B | 1.32B | 1.21B | 1.13B | 886.52M | 572.09M | 410.41M | 505.46M | 336.12M | 375.08M | 449.32M | 416.43M | 399.45M | 385.28M | 232.16M | 1.03B | 415.95M | 374.18M | 305.35M | 229.41M | 66.42M | 39.15M | 100.10M | 58.60M |
| EBITDA Ratio | 70.52% | 63.12% | 61.44% | 61.89% | 64.83% | 64.82% | 67.60% | 67.77% | 67.12% | 71.66% | 61.60% | 63.27% | 59.90% | 56.46% | 61.00% | 96.91% | 57.62% | 56.48% | 59.56% | 59.41% | 38.08% | 44.12% | 64.82% | 65.26% | 60.52% | 61.58% | 52.70% | 47.40% | 179.07% | 183.13% |
| Operating Income | 1.72B | 822.12M | 651.29M | 716.91M | 845.55M | 826.41M | 798.48M | 784.78M | 693.46M | 611.65M | 352.11M | 368.92M | 331.27M | 272.52M | 241.62M | 281.85M | 287.08M | 270.49M | 229.05M | 217.68M | 74.18M | 126.53M | 282.27M | 248.15M | 191.63M | 141.09M | 39.41M | 20.46M | 86.40M | 50.20M |
| Operating Income Ratio | 61.72% | 31.70% | 28.38% | 31.15% | 36.37% | 36.17% | 36.99% | 38.37% | 37.36% | 36.30% | 24.07% | 35.52% | 34.20% | 30.44% | 28.37% | 33.00% | 35.32% | 36.69% | 34.15% | 33.57% | 12.17% | 19.80% | 43.99% | 43.28% | 37.98% | 39.98% | 31.27% | 24.77% | 154.56% | 156.88% |
| Total Other Income/Expenses | -778.11M | -812.21M | -399.79M | -597.09M | -37.79M | -488.29M | -536.10M | -288.40M | 50.13M | -465.34M | -290.33M | -115.51M | -167.94M | -87.21M | -186.25M | -153.10M | -19.93M | -88.78M | 337.32M | 2.07M | -74.18M | -6.80M | 0.00 | 0.00 | 0.00 | -3.69M | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax | 938.59M | 1.15B | 1.01B | 824.46M | 799.11M | 974.18M | 876.66M | 1.03B | 743.59M | 668.52M | 57.83M | 264.76M | 165.94M | 98.07M | 200.83M | 411.49M | 247.67M | 278.40M | 322.38M | 219.75M | 271.53M | 173.62M | 0.00 | 0.00 | 0.00 | 145.09M | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | 33.75% | 44.38% | 44.02% | 35.83% | 34.38% | 42.64% | 40.61% | 50.56% | 40.06% | 39.67% | 3.95% | 25.49% | 17.13% | 10.95% | 23.58% | 48.17% | 30.47% | 37.76% | 48.07% | 33.89% | 44.54% | 27.17% | 0.00% | 0.00% | 0.00% | 41.12% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 10.15M | 14.65M | 5.73M | -3.25M | 13.00M | -160.00K | 141.00K | 305.00K | 1.86M | 9.37M | -138.06M | -7.35M | -105.23M | 97.95M | 113.32M | 227.48M | -13.49M | -7.91M | 243.99M | 224.12M | -26.29M | -47.09M | 33.27M | 37.55M | 19.35M | 46.66M | 470.00K | 830.00K | 74.90M | 42.70M |
| Net Income | 928.83M | 1.14B | 1.00B | 827.63M | 785.97M | 974.53M | 876.92M | 1.03B | 742.04M | 683.57M | 353.14M | 423.87M | 441.62M | 175.33M | 155.65M | 411.49M | 358.16M | 278.40M | 322.38M | 219.75M | 271.53M | 173.62M | 249.00M | 210.60M | 172.28M | 94.43M | 38.94M | 19.63M | 11.50M | 7.50M |
| Net Income Ratio | 33.39% | 43.83% | 43.76% | 35.96% | 33.81% | 42.66% | 40.62% | 50.56% | 39.98% | 40.57% | 24.14% | 40.81% | 45.59% | 19.58% | 18.28% | 48.17% | 44.07% | 37.76% | 48.07% | 33.89% | 44.54% | 27.17% | 38.81% | 36.73% | 34.14% | 26.76% | 30.90% | 23.76% | 20.57% | 23.44% |
| EPS | 6.57 | 8.13 | 7.19 | 5.89 | 5.64 | 7.05 | 6.36 | 7.53 | 5.54 | 5.22 | 2.78 | 4.34 | 4.89 | 2.08 | 1.94 | 5.22 | 4.44 | 3.48 | 4.14 | 2.95 | 3.80 | 2.26 | 3.08 | 2.58 | 2.05 | 1.87 | 1.60 | 1.02 | 0.91 | 0.65 |
| EPS Diluted | 6.56 | 8.11 | 7.17 | 5.88 | 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 | 3.42 | 4.05 | 2.92 | 3.73 | 2.23 | 3.02 | 2.53 | 2.03 | 1.84 | 1.59 | 1.02 | 0.91 | 0.65 |
| Weighted Avg Shares Out | 141.31M | 139.63M | 139.39M | 140.09M | 139.42M | 138.25M | 137.91M | 137.27M | 133.89M | 130.88M | 126.86M | 97.42M | 89.92M | 83.86M | 79.95M | 76.78M | 78.68M | 74.13M | 72.95M | 71.54M | 68.63M | 68.90M | 67.84M | 66.21M | 64.63M | 51.02M | 28.25M | 15.06M | 12.64M | 11.54M |
| Weighted Avg Shares Out (Dil) | 141.64M | 139.98M | 139.72M | 140.44M | 139.57M | 138.29M | 138.07M | 137.46M | 134.59M | 131.24M | 127.27M | 98.03M | 90.78M | 84.63M | 80.60M | 77.58M | 79.86M | 75.59M | 74.76M | 72.28M | 69.91M | 69.83M | 69.19M | 67.52M | 65.27M | 51.85M | 28.43M | 18.00M | 12.64M | 11.54M |
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