AVALONBAY COMMUNITIES INC

avaloncommunities.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2026 10-Q, filed Jul 30, 2026. Its latest SEC filing is a 15-15D from Sep 16, 2026.

The sections below describe the company as of the FY2025 annual report.

What Did They Do?

Develops, redevelops, acquires, owns and operates apartment communities that provide rental homes to residents, with options ranging from upscale and amenity-rich to value-focused and moderate-priced.

How Did They Make Money?

Most revenue comes from residential and commercial rents; the company also earns fees for managing joint ventures, properties and development or redevelopment work, with those fees earned as the services are performed.

FY2025 revenue

Who Were Their Customers?

Residents rent homes through AvalonBay-managed communities, where the company handles leasing directly. Its offerings target upscale renters, value-conscious renters and people seeking simpler, moderate-priced apartments.

Did Revenues Turn Into Profits?

Yes. It kept 35 cents of every revenue dollar as net income in FY2025.

Operating income, FY2025

66% of revenue

▲ +6% vs FY2024 ($1.9B, 66%)

Net income, FY2025

35% of revenue

▼ −2% vs FY2024 ($1.1B, 37%)

How Were They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +2%; vs $760.2M in Q2 FY2025
Net income: ▼ −42%; vs $269.9M in Q2 FY2025

Aug 17, 2026 Completed merger with Equity Residential, creating Vivmark Residential.
Jul 23, 2026 Raised same-community income outlook and suspended other forecasts. It raised its full-year outlook for net operating income at established communities and suspended forecasts for earnings per share and funds from operations.

Grew. Revenue grew 33% in 4 years, from $2.3B in FY2021 to $3B in FY2025, about 7% a year.

More centralized, technology-enabled operations The latest report describes pairing on-site staff with shared services and a technology platform using automation and artificial intelligence; the older report emphasized technology, automation and data science in property management.

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