2019 Q4 Form 10-K Financial Statement

#000091591221000004 Filed on February 25, 2021

View on sec.gov

Income Statement

Concept 2019 Q4 2018 Q4 2018
Revenue $593.6M $578.5M $2.285B
YoY Change 2.6% 4.18% 5.83%
Cost Of Revenue $190.4M $192.7M $770.6M
YoY Change -1.19% 6.0% 6.25%
Gross Profit $403.2M $385.8M $1.514B
YoY Change 4.51% 3.29% 5.63%
Gross Profit Margin 67.93% 66.69% 66.27%
Selling, General & Admin $12.60M $14.40M $56.40M
YoY Change -12.5% 21.01% 11.24%
% of Gross Profit 3.13% 3.73% 3.73%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $171.4M $158.9M $631.2M
YoY Change 7.87% 1.15% 8.05%
% of Gross Profit 42.51% 41.19% 41.69%
Operating Expenses $184.0M $173.3M $1.700B
YoY Change 6.17% 2.54% 6.64%
Operating Profit $219.2M $212.5M $1.485B
YoY Change 3.15% 3.91% 6.16%
Interest Expense -$46.30M -$52.50M $221.0M
YoY Change -11.81% 0.77% 10.67%
% of Operating Profit -21.12% -24.71% 14.88%
Other Income/Expense, Net
YoY Change
Pretax Income $169.5M $385.4M $974.0M
YoY Change -56.02% 62.27% 11.09%
Income Tax $1.800M -$200.0K -$160.0K
% Of Pretax Income 1.06% -0.05% -0.02%
Net Earnings $167.7M $385.6M $974.5M
YoY Change -56.52% 62.38% 11.13%
Net Earnings / Revenue 28.25% 66.66% 42.66%
Basic Earnings Per Share $1.20 $2.79 $7.05
Diluted Earnings Per Share $1.20 $2.79 $7.05
COMMON SHARES
Basic Shares Outstanding 139.7M shares 138.2M shares 137.8M shares
Diluted Shares Outstanding 138.3M shares

Balance Sheet

Concept 2019 Q4 2018 Q4 2018
SHORT-TERM ASSETS
Cash & Short-Term Investments $40.00M $92.00M $92.00M
YoY Change -56.52% 37.31% 37.31%
Cash & Equivalents $39.69M $91.66M $92.00M
Short-Term Investments
Other Short-Term Assets $165.0M $135.0M $135.0M
YoY Change 22.22% -46.64% -46.64%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $205.0M $227.0M $227.0M
YoY Change -9.69% -29.06% -29.06%
LONG-TERM ASSETS
Property, Plant & Equipment $18.56B $17.73B $17.73B
YoY Change 4.66% 0.07% 0.07%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $166.0M $217.0M $217.0M
YoY Change -23.5% 33.13% 33.13%
Other Assets $158.0M $174.0M $174.0M
YoY Change -9.2% -3.87% -3.87%
Total Long-Term Assets $18.92B $18.15B $18.15B
YoY Change 4.2% 0.32% 0.32%
TOTAL ASSETS
Total Short-Term Assets $205.0M $227.0M $227.0M
Total Long-Term Assets $18.92B $18.15B $18.15B
Total Assets $19.12B $18.38B $18.38B
YoY Change 4.03% -0.19% -0.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $92.00M $97.00M $97.00M
YoY Change -5.15% 14.12% 14.12%
Accrued Expenses $441.0M $344.0M $344.0M
YoY Change 28.2% -1.99% -1.99%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $810.0M $704.0M $704.0M
YoY Change 15.06% 1.88% 1.88%
LONG-TERM LIABILITIES
Long-Term Debt $7.316B $7.040B $7.040B
YoY Change 3.92% -3.94% -3.94%
Other Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
Total Long-Term Liabilities $7.316B $7.040B $7.040B
YoY Change 3.92% -3.94% -3.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $810.0M $704.0M $704.0M
Total Long-Term Liabilities $7.316B $7.040B $7.040B
Total Liabilities $8.128B $7.744B $7.748B
YoY Change 4.95% -3.45% -3.48%
SHAREHOLDERS EQUITY
Retained Earnings $282.9M $350.8M
YoY Change -19.35% 85.98%
Common Stock $1.406M $1.385M
YoY Change 1.52% 0.29%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.99B $10.63B $10.63B
YoY Change
Total Liabilities & Shareholders Equity $19.12B $18.38B $18.38B
YoY Change 4.03% -0.19% -0.19%

Cashflow Statement

Concept 2019 Q4 2018 Q4 2018
OPERATING ACTIVITIES
Net Income $167.7M $385.6M $974.5M
YoY Change -56.52% 62.38% 11.13%
Depreciation, Depletion And Amortization $171.4M $158.9M $631.2M
YoY Change 7.87% 1.15% 8.05%
Cash From Operating Activities $306.9M $320.5M $1.301B
YoY Change -4.24% -0.62% 3.57%
INVESTING ACTIVITIES
Capital Expenditures -$438.0M -$554.8M -$1.566B
YoY Change -21.05% 1462.82% 48.54%
Acquisitions
YoY Change
Other Investing Activities $1.400M $453.6M $968.9M
YoY Change -99.69% -248.67% 993.57%
Cash From Investing Activities -$436.7M -$101.2M -$596.7M
YoY Change 331.52% -70.29% -38.2%
FINANCING ACTIVITIES
Cash Dividend Paid $805.2M
YoY Change 4.22%
Common Stock Issuance & Retirement, Net -$52.26M
YoY Change -147.04%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -77.40M -283.1M -$688.5M
YoY Change -72.66% -9536.67% 64.34%
NET CHANGE
Cash From Operating Activities 306.9M 320.5M $1.301B
Cash From Investing Activities -436.7M -101.2M -$596.7M
Cash From Financing Activities -77.40M -283.1M -$688.5M
Net Change In Cash -207.2M -63.80M $15.96M
YoY Change 224.76% 322.52% -112.46%
FREE CASH FLOW
Cash From Operating Activities $306.9M $320.5M $1.301B
Capital Expenditures -$438.0M -$554.8M -$1.566B
Free Cash Flow $744.9M $875.3M $2.867B
YoY Change -14.9% 144.5% 24.09%

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5132000 USD
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5132000 USD
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210000 USD
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7939000 USD
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1880000 USD
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0 USD
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1591000 USD
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1701000 USD
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2894000 USD
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6571000 USD
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6143000 USD
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172332000 USD
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8213000 USD
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28505000 USD
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PaymentsForCapitalImprovementsNonRealEstate
5266000 USD
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3325000 USD
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1474000 USD
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619773000 USD
CY2019 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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422041000 USD
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258000 USD
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692000 USD
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3419000 USD
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10454000 USD
CY2018 us-gaap Proceeds From Sale Of Equity Method Investments
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35516000 USD
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36088000 USD
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10183000 USD
CY2018 us-gaap Payments To Acquire Businesses And Interest In Affiliates
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183876000 USD
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51000000 USD
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30250000 USD
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295939000 USD
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255452000 USD
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299442000 USD
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1070000 USD
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456000 USD
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48000 USD
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46000 USD
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44000 USD
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384000 USD
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439000 USD
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424000 USD
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1000000 USD
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1400000 USD
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185918000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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15958000 USD
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127614000 USD
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201906000 USD
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313532000 USD
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127614000 USD
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217864000 USD
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313532000 USD
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127614000 USD
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217864000 USD
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CY2020 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
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14919000 USD
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1240000 USD
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4308000 USD
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1413000 USD
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CY2019 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
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2069 shares
CY2019 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
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418000 USD
CY2019 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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16101000 USD
CY2019 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
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84710 shares
CY2019 us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
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399000 USD
CY2019Q4 avb Dividends Declared But Not Yet Paid
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214832000 USD
CY2019 us-gaap Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
6379000 USD
CY2019 us-gaap Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
388000 USD
CY2019 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-6571000 USD
CY2018 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
2272 shares
CY2018 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
387000 USD
CY2018 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
68565 shares
CY2018 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
10556000 USD
CY2018 us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
717000 USD
CY2018Q4 avb Dividends Declared But Not Yet Paid
DividendsDeclaredButNotYetPaid
204191000 USD
CY2018 us-gaap Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
6366000 USD
CY2018 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-6143000 USD
CY2020Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
273 community
CY2020Q4 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
80094 home
CY2020Q4 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
11 state
CY2020Q4 avb Number Of Owned Communities Under Construction
NumberOfOwnedCommunitiesUnderConstruction
18 community
CY2020Q4 avb Expected Aggregate Number Of Apartment Homes To Be Constructed
ExpectedAggregateNumberOfApartmentHomesToBeConstructed
5931 home
CY2020 avb Numberof Residential Condominium Units Sold
NumberofResidentialCondominiumUnitsSold
70 residential_condominium
CY2020Q4 avb Additional Numberof Communities Expected To Be Developed
AdditionalNumberofCommunitiesExpectedToBeDeveloped
24 community
CY2020Q4 avb Estimated Number Of Apartment Homes In Communities Expected To Be Developed
EstimatedNumberOfApartmentHomesInCommunitiesExpectedToBeDeveloped
7853 home
CY2020 avb Minimum Percentage Of Distribution Of Adjusted Taxable Income For Deducting Dividends From Federally Taxable Income
MinimumPercentageOfDistributionOfAdjustedTaxableIncomeForDeductingDividendsFromFederallyTaxableIncome
0.90
CY2020 avb Minimum Percentage Of Distribution Of Reit Taxable Income For Federal Income Tax Exemption
MinimumPercentageOfDistributionOfREITTaxableIncomeForFederalIncomeTaxExemption
1
CY2020Q4 avb Excise Tax Refund
ExciseTaxRefund
0 USD
CY2020 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
0 USD
CY2018 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
0 USD
CY2019Q4 avb Excise Tax Refund
ExciseTaxRefund
0 USD
CY2019 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
0 USD
CY2018Q4 avb Excise Tax Refund
ExciseTaxRefund
0 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3247000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
13003000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-160000 USD
CY2019 avb Number Of Communities Sold With Deferred Tax Obligations
NumberOfCommunitiesSoldWithDeferredTaxObligations
2 community
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2020 avb Common Stock Dividends Ordinary Taxable Distribution Percentage
CommonStockDividendsOrdinaryTaxableDistributionPercentage
0.66
CY2019 avb Common Stock Dividends Ordinary Taxable Distribution Percentage
CommonStockDividendsOrdinaryTaxableDistributionPercentage
0.96
CY2018 avb Common Stock Dividends Ordinary Taxable Distribution Percentage
CommonStockDividendsOrdinaryTaxableDistributionPercentage
0.76
CY2020 avb Capital Gain Tax Rate
CapitalGainTaxRate
0.20
CY2018 avb Capital Gain Tax Rate
CapitalGainTaxRate
0.20
CY2019 avb Capital Gain Tax Rate
CapitalGainTaxRate
0.20
CY2020 avb Common Stock Dividends Long Term Capital Gain Percentage
CommonStockDividendsLongTermCapitalGainPercentage
0.24
CY2019 avb Common Stock Dividends Long Term Capital Gain Percentage
CommonStockDividendsLongTermCapitalGainPercentage
0.03
CY2018 avb Common Stock Dividends Long Term Capital Gain Percentage
CommonStockDividendsLongTermCapitalGainPercentage
0.11
CY2020 avb Common Stock Dividends Unrecaptured Section1250 Gain Percentage
CommonStockDividendsUnrecapturedSection1250GainPercentage
0.10
CY2019 avb Common Stock Dividends Unrecaptured Section1250 Gain Percentage
CommonStockDividendsUnrecapturedSection1250GainPercentage
0.01
CY2018 avb Common Stock Dividends Unrecaptured Section1250 Gain Percentage
CommonStockDividendsUnrecapturedSection1250GainPercentage
0.13
CY2020 us-gaap Derivatives Methods Of Accounting Hedging Derivatives
DerivativesMethodsOfAccountingHedgingDerivatives
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Interest Rate Contracts</span></div><div style="text-align:justify"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company utilizes derivative financial instruments to manage interest rate risk. See Note 11, “Fair Value,” for further discussion of derivative financial instruments.</span></div>
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
140094722 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
139054191 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
137844755 shares
CY2020 us-gaap Weighted Average Number Of Limited Partnership And General Partnership Unit Outstanding Basic And Diluted
WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted
7500 shares
CY2019 us-gaap Weighted Average Number Of Limited Partnership And General Partnership Unit Outstanding Basic And Diluted
WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted
7500 shares
CY2018 us-gaap Weighted Average Number Of Limited Partnership And General Partnership Unit Outstanding Basic And Diluted
WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted
7500 shares
CY2020 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
332973 shares
CY2019 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
509859 shares
CY2018 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
436986 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
140435195 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
139571550 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
138289241 shares
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
827630000 USD
CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
785974000 USD
CY2018 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
974525000 USD
CY2020 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
1955000 USD
CY2019 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
2063000 USD
CY2018 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
2839000 USD
CY2020 us-gaap Undistributed Earnings
UndistributedEarnings
825675000 USD
CY2019 us-gaap Undistributed Earnings
UndistributedEarnings
783911000 USD
CY2018 us-gaap Undistributed Earnings
UndistributedEarnings
971686000 USD
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
140094722 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
139054191 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
137844755 shares
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.89
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.64
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
7.05
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
827630000 USD
CY2019 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2020 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
785974000 USD
CY2018 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
974525000 USD
CY2020 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-48000 USD
CY2019 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-46000 USD
CY2018 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-44000 USD
CY2020 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
827678000 USD
CY2019 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
786020000 USD
CY2018 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
974569000 USD
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
140435195 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
139571550 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
138289241 shares
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.89
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.63
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
7.05
CY2020 avb Business Combination Acquisition Related Costs Abandoned Pursuit Costs
BusinessCombinationAcquisitionRelatedCostsAbandonedPursuitCosts
12317000 USD
CY2019 avb Business Combination Acquisition Related Costs Abandoned Pursuit Costs
BusinessCombinationAcquisitionRelatedCostsAbandonedPursuitCosts
4896000 USD
CY2018 avb Business Combination Acquisition Related Costs Abandoned Pursuit Costs
BusinessCombinationAcquisitionRelatedCostsAbandonedPursuitCosts
4388000 USD
CY2018 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2018 us-gaap Impairment Of Investments
ImpairmentOfInvestments
0 USD
CY2020 us-gaap Impairment Of Investments
ImpairmentOfInvestments
0 USD
CY2019 us-gaap Impairment Of Investments
ImpairmentOfInvestments
0 USD
CY2020Q4 avb Number Of Communities Held For Sale
NumberOfCommunitiesHeldForSale
1 community
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make certain estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates.</span></div>
CY2020 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Reclassifications</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain reclassifications have been made to amounts in prior years' notes to financial statements to conform to current year presentations as a result of changes in held for sale classification, disposition activity and segment classification.</span></div>
CY2018 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
14072000 USD
CY2020 us-gaap Revenue Recognition Leases
RevenueRecognitionLeases
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Lease Revenue Reserves </span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company assesses the collectability of its lease revenue and receivables on an on-going basis. Under ASC 842, Lease Accounting, the Company assesses the probability of receiving all remaining lease amounts due on a lease by lease basis, reserving for revenue and the related receivables for those leases where collection of substantially all of the remaining lease payments is not probable. Subsequently, the Company will only recognize revenue to the extent cash is received. If the Company determines that collection of the remaining lease payments becomes probable at a future date, the Company will recognize the cumulative revenue that would have been recorded under the original lease agreement. </span></div>In addition to the specific reserves recognized under ASC 842, the Company also evaluates its lease receivables for collectability at a portfolio level under ASC 450, Contingencies – Loss Contingencies. The Company recognizes a reserve under ASC 450 when the uncollectible revenue is probable and reasonably estimable. The Company applies this reserve to the population of the Company’s revenue and receivables not specifically addressed as part of the specific ASC 842 reserve.
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
66763000 USD
CY2020 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
44157000 USD
CY2019 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
62823000 USD
CY2018 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
60331000 USD
CY2020Q4 us-gaap Notes Payable
NotesPayable
7629814000 USD
CY2019Q4 us-gaap Notes Payable
NotesPayable
7355371000 USD
CY2020Q4 us-gaap Line Of Credit
LineOfCredit
0 USD
CY2019Q4 us-gaap Line Of Credit
LineOfCredit
0 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
7629814000 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
7355371000 USD
CY2020Q4 us-gaap Pledged Assets Not Separately Reported Real Estate
PledgedAssetsNotSeparatelyReportedRealEstate
1448551000 USD
CY2020 us-gaap Debt Instrument Redemption Price Percentage
DebtInstrumentRedemptionPricePercentage
1
CY2019Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
280000000 shares
CY2020Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
280000000 shares
CY2019Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2020Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2020 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1902 shares
CY2020 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
2747 shares
CY2020 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
74173 shares
CY2020 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
20161 shares
CY2020 us-gaap Stock Issued During Period Shares Share Based Compensation Forfeited
StockIssuedDuringPeriodSharesShareBasedCompensationForfeited
7683 shares
CY2020 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1225790 shares
CY2020 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1225790 shares
CY2020 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
149.99
CY2020Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
316148000 USD
CY2020 avb Payment For Redemption Of Preferred Interest Obligation
PaymentForRedemptionOfPreferredInterestObligation
1000000 USD
CY2019 avb Payment For Redemption Of Preferred Interest Obligation
PaymentForRedemptionOfPreferredInterestObligation
1400000 USD
CY2018 avb Payment For Redemption Of Preferred Interest Obligation
PaymentForRedemptionOfPreferredInterestObligation
1120000 USD
CY2020 avb Equity Method Investment Net Income Loss Portion Attributable To Parent
EquityMethodInvestmentNetIncomeLossPortionAttributableToParent
8538000 USD
CY2019 avb Equity Method Investment Net Income Loss Portion Attributable To Parent
EquityMethodInvestmentNetIncomeLossPortionAttributableToParent
10779000 USD
CY2018 avb Equity Method Investment Net Income Loss Portion Attributable To Parent
EquityMethodInvestmentNetIncomeLossPortionAttributableToParent
17519000 USD
CY2020 avb Equity Method Investments Amortization Of Excess Investment And Other
EquityMethodInvestmentsAmortizationOfExcessInvestmentAndOther
-2116000 USD
CY2019 avb Equity Method Investments Amortization Of Excess Investment And Other
EquityMethodInvestmentsAmortizationOfExcessInvestmentAndOther
-2127000 USD
CY2018 avb Equity Method Investments Amortization Of Excess Investment And Other
EquityMethodInvestmentsAmortizationOfExcessInvestmentAndOther
-2249000 USD
CY2020 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
6422000 USD
CY2019 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
8652000 USD
CY2018 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
15270000 USD
CY2020 avb Number Of Communities Acquired
NumberOfCommunitiesAcquired
0 community
CY2019 avb Number Of Communities Acquired
NumberOfCommunitiesAcquired
5 community
CY2019 avb Number Of Apartment Homes Acquired
NumberOfApartmentHomesAcquired
1175 home
CY2018 avb Number Of Communities Acquired
NumberOfCommunitiesAcquired
4 community
CY2018 avb Number Of Apartment Homes Acquired
NumberOfApartmentHomesAcquired
1096 home
CY2020Q4 avb Number Of Communities Held For Sale
NumberOfCommunitiesHeldForSale
1 community
CY2020 avb Numberof Residential Condominium Units Sold
NumberofResidentialCondominiumUnitsSold
70 residential_condominium
CY2020Q4 avb Number Of Residential Condominiums Remaining To Be Sold
NumberOfResidentialCondominiumsRemainingToBeSold
102 residential_condominium
CY2020 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
5662000 USD
CY2019 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
3812000 USD
CY2018 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
1044000 USD
CY2020Q4 us-gaap Inventory Real Estate
InventoryRealEstate
267219000 USD
CY2019Q4 us-gaap Inventory Real Estate
InventoryRealEstate
457809000 USD
CY2019 us-gaap Proceeds From Legal Settlements
ProceedsFromLegalSettlements
6292000 USD
CY2018 us-gaap Proceeds From Legal Settlements
ProceedsFromLegalSettlements
946000 USD
CY2020Q4 avb Number Of Office Leases
NumberOfOfficeLeases
14 Lease
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
133581000 USD
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
20207000 USD
CY2020Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
21685000 USD
CY2019Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
21898000 USD
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
20166000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
103063000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
161313000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
120261000 USD
CY2020 us-gaap Operating Lease Expense
OperatingLeaseExpense
16011000 USD
CY2019 us-gaap Operating Lease Expense
OperatingLeaseExpense
14371000 USD
CY2018 us-gaap Operating Lease Expense
OperatingLeaseExpense
21788000 USD
CY2020Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P25Y
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P42Y
CY2020Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0463
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0474
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
14270000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
13950000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
13469000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
13316000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
13526000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
350440000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due In Next Rolling Twelve Months
FinanceLeaseLiabilityPaymentsDueInNextRollingTwelveMonths
1080000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
1082000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
1084000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
1087000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
1089000 USD
CY2018 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
215000 USD
CY2020 avb Gain On Sale Of Real Estate Assets In Continuing Operations
GainOnSaleOfRealEstateAssetsInContinuingOperations
340444000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
39044000 USD
CY2020Q4 avb Lease Liability Payments Remainder Of Fiscal Year
LeaseLiabilityPaymentsRemainderOfFiscalYear
15350000 USD
CY2020Q4 avb Lease Liability Payments Due Year Two
LeaseLiabilityPaymentsDueYearTwo
15032000 USD
CY2020Q4 avb Lease Liability Payments Due Year Three
LeaseLiabilityPaymentsDueYearThree
14553000 USD
CY2020Q4 avb Lease Liability Payments Due Year Four
LeaseLiabilityPaymentsDueYearFour
14403000 USD
CY2020Q4 avb Lease Liability Payments Due Year Five
LeaseLiabilityPaymentsDueYearFive
14615000 USD
CY2020Q4 avb Lease Liability Payments Due After Year Five
LeaseLiabilityPaymentsDueAfterYearFive
389484000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
418971000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
161313000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
257658000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
44466000 USD
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
20166000 USD
CY2020Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
24300000 USD
CY2020Q4 avb Lease Liability Payments Due
LeaseLiabilityPaymentsDue
463437000 USD
CY2020Q4 avb Lease Liability
LeaseLiability
181479000 USD
CY2020Q4 avb Lease Liability Undiscounted Excess Amount
LeaseLiabilityUndiscountedExcessAmount
281958000 USD
CY2020 avb Attainment Percentage Of Physical Occupancy
AttainmentPercentageOfPhysicalOccupancy
0.90
CY2020 avb Anniversary Of Completion Of Development Or Redevelopment
AnniversaryOfCompletionOfDevelopmentOrRedevelopment
P1Y
CY2020 us-gaap Profit Loss
ProfitLoss
827706000 USD
CY2019 us-gaap Profit Loss
ProfitLoss
786103000 USD
CY2018 us-gaap Profit Loss
ProfitLoss
974175000 USD
CY2020 avb Indirect Operating Expenses Net Of Corporate Income
IndirectOperatingExpensesNetOfCorporateIncome
97443000 USD
CY2019 avb Indirect Operating Expenses Net Of Corporate Income
IndirectOperatingExpensesNetOfCorporateIncome
83008000 USD
CY2018 avb Indirect Operating Expenses Net Of Corporate Income
IndirectOperatingExpensesNetOfCorporateIncome
80227000 USD
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OtherNonoperatingExpense
12399000 USD
CY2019 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
4991000 USD
CY2018 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
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InterestExpense
214151000 USD
CY2019 us-gaap Interest Expense
InterestExpense
203585000 USD
CY2018 us-gaap Interest Expense
InterestExpense
220974000 USD
CY2020 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-9333000 USD
CY2019 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-602000 USD
CY2018 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-17492000 USD
CY2020 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
60343000 USD
CY2019 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
58042000 USD
CY2018 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
60369000 USD
CY2020 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
6422000 USD
CY2019 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
8652000 USD
CY2018 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
15270000 USD
CY2020 us-gaap Depreciation
Depreciation
707331000 USD
CY2019 us-gaap Depreciation
Depreciation
661578000 USD
CY2018 us-gaap Depreciation
Depreciation
631196000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3247000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
13003000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-160000 USD
CY2020 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
CY2019 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
CY2019 avb Gain Loss On Sale Of Other Investments Net Of Marketing And Administrative Costs
GainLossOnSaleOfOtherInvestmentsNetOfMarketingAndAdministrativeCosts
-3812000 USD
CY2018 avb Gain Loss On Sale Of Other Investments Net Of Marketing And Administrative Costs
GainLossOnSaleOfOtherInvestmentsNetOfMarketingAndAdministrativeCosts
-1044000 USD
CY2019 avb Gain On Sale Of Real Estate Assets In Continuing Operations
GainOnSaleOfRealEstateAssetsInContinuingOperations
166105000 USD
CY2018 avb Gain On Sale Of Real Estate Assets In Continuing Operations
GainOnSaleOfRealEstateAssetsInContinuingOperations
374976000 USD
CY2020 us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
440000 USD
CY2019 us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
439000 USD
CY2018 us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
345000 USD
CY2020 avb Gain Loss On Sale Of Other Investments Net Of Marketing And Administrative Costs
GainLossOnSaleOfOtherInvestmentsNetOfMarketingAndAdministrativeCosts
2551000 USD
CY2020 avb Disposal Group Not Discontinued Operation Net Operating Income From Assets Held For Sale Not Classified As Discontinued Operations
DisposalGroupNotDiscontinuedOperationNetOperatingIncomeFromAssetsHeldForSaleNotClassifiedAsDiscontinuedOperations
28412000 USD
CY2019 avb Disposal Group Not Discontinued Operation Net Operating Income From Assets Held For Sale Not Classified As Discontinued Operations
DisposalGroupNotDiscontinuedOperationNetOperatingIncomeFromAssetsHeldForSaleNotClassifiedAsDiscontinuedOperations
45354000 USD
CY2018 avb Disposal Group Not Discontinued Operation Net Operating Income From Assets Held For Sale Not Classified As Discontinued Operations
DisposalGroupNotDiscontinuedOperationNetOperatingIncomeFromAssetsHeldForSaleNotClassifiedAsDiscontinuedOperations
113074000 USD
CY2020 us-gaap Operating Income Loss
OperatingIncomeLoss
1547190000 USD
CY2019 us-gaap Operating Income Loss
OperatingIncomeLoss
1594174000 USD
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
1485132000 USD
CY2020 avb Revenue From Assets Heldfor Sale Not Classified As Discontinued Operations
RevenueFromAssetsHeldforSaleNotClassifiedAsDiscontinuedOperations
44951000 USD
CY2019 avb Revenue From Assets Heldfor Sale Not Classified As Discontinued Operations
RevenueFromAssetsHeldforSaleNotClassifiedAsDiscontinuedOperations
73168000 USD
CY2018 avb Revenue From Assets Heldfor Sale Not Classified As Discontinued Operations
RevenueFromAssetsHeldforSaleNotClassifiedAsDiscontinuedOperations
175915000 USD
CY2020 avb Operating Expenses From Assets Held For Sale Not Classified As Discontinued Operations
OperatingExpensesFromAssetsHeldForSaleNotClassifiedAsDiscontinuedOperations
16539000 USD
CY2019 avb Operating Expenses From Assets Held For Sale Not Classified As Discontinued Operations
OperatingExpensesFromAssetsHeldForSaleNotClassifiedAsDiscontinuedOperations
27814000 USD
CY2018 avb Operating Expenses From Assets Held For Sale Not Classified As Discontinued Operations
OperatingExpensesFromAssetsHeldForSaleNotClassifiedAsDiscontinuedOperations
62841000 USD
CY2020 avb Disposal Group Not Discontinued Operation Net Operating Income From Assets Held For Sale Not Classified As Discontinued Operations
DisposalGroupNotDiscontinuedOperationNetOperatingIncomeFromAssetsHeldForSaleNotClassifiedAsDiscontinuedOperations
28412000 USD
CY2019 avb Disposal Group Not Discontinued Operation Net Operating Income From Assets Held For Sale Not Classified As Discontinued Operations
DisposalGroupNotDiscontinuedOperationNetOperatingIncomeFromAssetsHeldForSaleNotClassifiedAsDiscontinuedOperations
45354000 USD
CY2018 avb Disposal Group Not Discontinued Operation Net Operating Income From Assets Held For Sale Not Classified As Discontinued Operations
DisposalGroupNotDiscontinuedOperationNetOperatingIncomeFromAssetsHeldForSaleNotClassifiedAsDiscontinuedOperations
113074000 USD
CY2018 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
14072000 USD
CY2020 us-gaap Operating Income Loss
OperatingIncomeLoss
1547190000 USD
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RealEstateGrossAtCarryingValueExcludingGrossRealEstateAssetsHeldForSale
23917282000 USD
CY2019 us-gaap Operating Income Loss
OperatingIncomeLoss
1594174000 USD
CY2020 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
9974000 USD
CY2020Q2 avb Derivative Notional Amounts Settled During Period
DerivativeNotionalAmountsSettledDuringPeriod
250000000 USD
CY2020Q2 us-gaap Payments For Proceeds From Hedge Financing Activities
PaymentsForProceedsFromHedgeFinancingActivities
4821000 USD
CY2019Q4 avb Real Estate Gross At Carrying Value Excluding Gross Real Estate Assets Held For Sale
RealEstateGrossAtCarryingValueExcludingGrossRealEstateAssetsHeldForSale
23157308000 USD
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
1485132000 USD
CY2018Q4 avb Real Estate Gross At Carrying Value Excluding Gross Real Estate Assets Held For Sale
RealEstateGrossAtCarryingValueExcludingGrossRealEstateAssetsHeldForSale
21544772000 USD
CY2020Q4 avb Real Estate Held For Sale Gross
RealEstateHeldForSaleGross
44940000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3819000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4960000 USD
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3572000 USD
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
21110000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
24885000 USD
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
19707000 USD
CY2019 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
9396000 USD
CY2018 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
10208000 USD
CY2020 avb Derivative Notional Amounts Settled During Period
DerivativeNotionalAmountsSettledDuringPeriod
600000000 USD
CY2020 us-gaap Payments For Proceeds From Hedge Financing Activities
PaymentsForProceedsFromHedgeFinancingActivities
25135000 USD
CY2020Q2 avb Derivative Notional Amounts Settled During Period
DerivativeNotionalAmountsSettledDuringPeriod
250000000 USD
CY2020Q1 avb Derivative Notional Amounts Settled During Period
DerivativeNotionalAmountsSettledDuringPeriod
350000000 USD
CY2020Q1 us-gaap Payments For Proceeds From Hedge Financing Activities
PaymentsForProceedsFromHedgeFinancingActivities
20314000 USD
CY2020Q4 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
2894000 USD
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-17731000 USD
CY2018 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-6143000 USD
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-8984000 USD
CY2019 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-6571000 USD
CY2020Q4 avb Number Of Apartment Homes In Communities Owned
NumberOfApartmentHomesInCommunitiesOwned
82103 home
CY2020Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
4642330000 USD
CY2020Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
16221983000 USD
CY2020Q4 us-gaap Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Carrying Costs
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionCarryingCosts
3097909000 USD
CY2020Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
4642330000 USD
CY2020Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
19319892000 USD
CY2020Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
23962222000 USD
CY2020Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
5728440000 USD
CY2018Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
22342576000 USD
CY2019Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
5173883000 USD
CY2018Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
4611646000 USD
CY2020Q4 avb Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements Net
RealEstateAndAccumulatedDepreciationCarryingAmountOfLandAndBuildingsAndImprovementsNet
18233782000 USD
CY2019Q4 avb Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements Net
RealEstateAndAccumulatedDepreciationCarryingAmountOfLandAndBuildingsAndImprovementsNet
18432989000 USD
CY2020Q4 srt Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
7629814000 USD
CY2020 avb Numberof Residential Condominium Units Sold
NumberofResidentialCondominiumUnitsSold
70 residential_condominium
CY2020Q4 srt Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
22969235000 USD
CY2019Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
23606872000 USD
CY2018Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
22342576000 USD
CY2017Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
21935936000 USD
CY2020 avb Real Estate Acquisitions Construction Costs And Improvements
RealEstateAcquisitionsConstructionCostsAndImprovements
860594000 USD
CY2019 avb Real Estate Acquisitions Construction Costs And Improvements
RealEstateAcquisitionsConstructionCostsAndImprovements
1615949000 USD
CY2018 avb Real Estate Acquisitions Construction Costs And Improvements
RealEstateAcquisitionsConstructionCostsAndImprovements
1568878000 USD
CY2020 avb Real Estate Dispositions Including Impairment Loss On Planned Dispositions
RealEstateDispositionsIncludingImpairmentLossOnPlannedDispositions
505244000 USD
CY2019 avb Real Estate Dispositions Including Impairment Loss On Planned Dispositions
RealEstateDispositionsIncludingImpairmentLossOnPlannedDispositions
351653000 USD
CY2018 avb Real Estate Dispositions Including Impairment Loss On Planned Dispositions
RealEstateDispositionsIncludingImpairmentLossOnPlannedDispositions
1162238000 USD
CY2020Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
23962222000 USD
CY2019Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
23606872000 USD
CY2017Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
4218379000 USD
CY2020 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
707331000 USD
CY2019 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
661578000 USD
CY2018 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
631196000 USD
CY2020 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
152774000 USD
CY2019 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
99341000 USD
CY2018 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
237929000 USD
CY2020Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
5728440000 USD
CY2019Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
5173883000 USD
CY2018Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
4611646000 USD

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