$AVB
AVALONBAY COMMUNITIES INC

2023 Q4 Form 10-Q Financial Statement

#000091591223000018 Filed on November 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $704.7M $697.6M
YoY Change 5.23% 4.86%
Cost Of Revenue $250.4M $253.6M
YoY Change 9.27% 5.37%
Gross Profit $454.3M $444.0M
YoY Change 3.13% 4.56%
Gross Profit Margin 64.47% 63.64%
Selling, General & Admin $17.99M $20.50M
YoY Change -13.25% 40.31%
% of Gross Profit 3.96% 4.62%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $210.7M $201.0M
YoY Change 1.66% -2.75%
% of Gross Profit 46.37% 45.27%
Operating Expenses $228.7M $221.5M
YoY Change 0.31% 0.1%
Operating Profit $225.6M $472.4M
YoY Change 6.15% 5.17%
Interest Expense -$47.76M $48.12M
YoY Change -5.69% -16.02%
% of Operating Profit -21.17% 10.19%
Other Income/Expense, Net -$18.96M
YoY Change 191.05%
Pretax Income $244.5M $176.2M
YoY Change -1.35% -64.79%
Income Tax $2.438M $4.372M
% Of Pretax Income 1.0% 2.48%
Net Earnings $241.5M $171.8M
YoY Change 0.28% -65.27%
Net Earnings / Revenue 34.27% 24.62%
Basic Earnings Per Share $1.21
Diluted Earnings Per Share $1.70 $1.21
COMMON SHARES
Basic Shares Outstanding 142.0M shares 142.0M shares
Diluted Shares Outstanding 142.2M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $397.9M $509.0M
YoY Change -35.11% 153.24%
Cash & Equivalents $397.9M $508.6M
Short-Term Investments
Other Short-Term Assets $366.5M $362.0M
YoY Change 48.09% 31.99%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $764.4M $871.0M
YoY Change -11.19% 83.26%
LONG-TERM ASSETS
Property, Plant & Equipment $19.51B $19.28B
YoY Change 1.77% 0.97%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $220.1M $217.0M
YoY Change 3.8% -0.12%
Other Assets $186.2M $336.0M
YoY Change 3.7% -1.45%
Total Long-Term Assets $19.91B $19.83B
YoY Change 1.62% 0.72%
TOTAL ASSETS
Total Short-Term Assets $764.4M $871.0M
Total Long-Term Assets $19.91B $19.83B
Total Assets $20.68B $20.70B
YoY Change 1.08% 2.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $87.70M $96.00M
YoY Change 20.47% 32.26%
Accrued Expenses $502.0M $559.0M
YoY Change -0.18% 1.51%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $891.6M $956.0M
YoY Change 3.02% 4.8%
LONG-TERM LIABILITIES
Long-Term Debt $8.002B $7.967B
YoY Change -4.01% -0.88%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $8.002B $7.967B
YoY Change -4.01% -0.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $891.6M $956.0M
Total Long-Term Liabilities $8.002B $7.967B
Total Liabilities $8.893B $8.924B
YoY Change -3.35% -0.31%
SHAREHOLDERS EQUITY
Retained Earnings $478.2M $471.0M
YoY Change -1.46% 0.88%
Common Stock $1.420M $1.420M
YoY Change 1.43% 1.5%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.78B $11.78B
YoY Change
Total Liabilities & Shareholders Equity $20.68B $20.70B
YoY Change 1.08% 2.67%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $241.5M $171.8M
YoY Change 0.28% -65.27%
Depreciation, Depletion And Amortization $210.7M $201.0M
YoY Change 1.66% -2.75%
Cash From Operating Activities $346.2M $471.2M
YoY Change 1.39% 7.0%
INVESTING ACTIVITIES
Capital Expenditures $405.3M $374.7M
YoY Change 10.25% -160.84%
Acquisitions
YoY Change
Other Investing Activities $59.25M $89.70M
YoY Change -61.94% -85.62%
Cash From Investing Activities -$346.1M -$285.0M
YoY Change 63.29% -3654.06%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -249.3M -353.2M
YoY Change -312.03% 59.48%
NET CHANGE
Cash From Operating Activities 346.2M 471.2M
Cash From Investing Activities -346.1M -285.0M
Cash From Financing Activities -249.3M -353.2M
Net Change In Cash -249.1M -167.0M
YoY Change -200.8% -173.59%
FREE CASH FLOW
Cash From Operating Activities $346.2M $471.2M
Capital Expenditures $405.3M $374.7M
Free Cash Flow -$59.08M $96.50M
YoY Change 125.99% -90.86%

Facts In Submission

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CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
780106000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
487126000 usd
us-gaap Interest Paid Net
InterestPaidNet
130680000 usd
us-gaap Interest Paid Net
InterestPaidNet
144833000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
508571000 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
200999000 usd
CY2023Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
271535000 usd
CY2022Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
286127000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
780106000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
487126000 usd
us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
2577 shares
us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
463000 usd
us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
62482 shares
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
10559000 usd
us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
413000 usd
us-gaap Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
23988000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-1062000 usd
us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
2057 shares
us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
461000 usd
us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
72132 shares
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
16872000 usd
us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
689000 usd
us-gaap Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
26102000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-3039000 usd
CY2023Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
296 community
CY2023Q3 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
89240 home
CY2023Q3 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
12 state
CY2023Q3 avb Number Of Owned Communities Under Construction
NumberOfOwnedCommunitiesUnderConstruction
17 community
CY2023Q3 avb Number Of Owned Communities Under Reconstruction
NumberOfOwnedCommunitiesUnderReconstruction
1 community
CY2023Q3 avb Additional Number Of Communities Expected To Be Developed
AdditionalNumberOfCommunitiesExpectedToBeDeveloped
38 community
CY2023Q3 avb Estimated Number Of Apartment Homes In Communities Expected To Be Developed
EstimatedNumberOfApartmentHomesInCommunitiesExpectedToBeDeveloped
13449 home
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
141838841 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
139640421 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
141128506 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
139610205 shares
CY2023Q3 us-gaap Weighted Average Number Of Limited Partnership And General Partnership Unit Outstanding Basic And Diluted
WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted
0 shares
CY2022Q3 us-gaap Weighted Average Number Of Limited Partnership And General Partnership Unit Outstanding Basic And Diluted
WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted
7500 shares
us-gaap Weighted Average Number Of Limited Partnership And General Partnership Unit Outstanding Basic And Diluted
WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted
4670 shares
us-gaap Weighted Average Number Of Limited Partnership And General Partnership Unit Outstanding Basic And Diluted
WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted
7500 shares
CY2023Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
359258 shares
CY2022Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
334038 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
315499 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
346467 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
142198099 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
139981959 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
141448675 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
139964172 shares
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
172031000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
494747000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
686856000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
895482000 usd
CY2023Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
309000 usd
CY2022Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
888000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
1229000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
1662000 usd
CY2023Q3 us-gaap Undistributed Earnings
UndistributedEarnings
171722000 usd
CY2022Q3 us-gaap Undistributed Earnings
UndistributedEarnings
493859000 usd
us-gaap Undistributed Earnings
UndistributedEarnings
685627000 usd
us-gaap Undistributed Earnings
UndistributedEarnings
893820000 usd
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
141838841 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
139640421 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
141128506 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
139610205 shares
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.21
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.54
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.86
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
6.40
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
172031000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
494747000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
686856000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
895482000 usd
CY2023Q3 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
0 usd
CY2022Q3 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-12000 usd
us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-25000 usd
us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-36000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
172031000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
494759000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
686881000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
895518000 usd
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
142198099 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
139981959 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
141448675 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
139964172 shares
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.21
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.53
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.86
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.40
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
25537 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
9793 shares
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>
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' financial statements and notes to the financial statements to conform to current year presentations as a result of changes in held for sale classification, disposition activity, segment classification and classification of for-sale condominium inventory and activity.</span></div>
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4372000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7715000 usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5651000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7963000 usd
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%">Uncollectible 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 ongoing basis by (i) assessing the probability of receiving all lease amounts due on a lease-by-lease basis, (ii) reserving all amounts for those leases where collection of substantially all of the remaining lease payments is not probable and (iii) subsequently, 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><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%">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.</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 Company recorded an aggregate offset to income for uncollectible lease revenue, net of amounts received from government rent relief programs, for its residential and commercial portfolios of $13,363,000 and $10,607,000 for the three months ended September 30, 2023 and 2022, respectively, and $43,667,000 and $31,267,000 for the nine months ended September 30, 2023 and 2022, respectively, under ASC 842 and ASC 450.</span></div>
CY2023Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
13363000 usd
CY2022Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
10607000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
43667000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
31267000 usd
CY2023Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
12170000 usd
CY2022Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
9131000 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
34794000 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
24424000 usd
CY2023Q3 us-gaap Line Of Credit
LineOfCredit
0 usd
CY2022Q4 us-gaap Line Of Credit
LineOfCredit
0 usd
CY2023Q3 us-gaap Commercial Paper
CommercialPaper
70000000 usd
CY2023Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
8002301000 usd
CY2023Q3 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.034
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
8377827000 usd
CY2022Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.034
CY2023Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
55296000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
61782000 usd
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
7947005000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
8316045000 usd
CY2023Q3 us-gaap Line Of Credit
LineOfCredit
0 usd
CY2022Q4 us-gaap Line Of Credit
LineOfCredit
0 usd
CY2023Q3 avb Commercial Paper Maximum Borrowing Capacity
CommercialPaperMaximumBorrowingCapacity
500000000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-1013000 usd
CY2022Q2 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
168000 usd
CY2022Q2 us-gaap Minority Interest Period Increase Decrease
MinorityInterestPeriodIncreaseDecrease
-6000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
11253553000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
146902000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-340000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-354000 usd
CY2023Q1 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-286000 usd
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.65
CY2023Q1 us-gaap Dividends Common Stock
DividendsCommonStock
230958000 usd
CY2023Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
-9963000 usd
CY2023Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1129000 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
11123000 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
11169256000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
367923000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
8826000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-354000 usd
CY2023Q2 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-367000 usd
CY2023Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.65
CY2023Q2 us-gaap Dividends Common Stock
DividendsCommonStock
234774000 usd
CY2023Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
494705000 usd
CY2023Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
782000 usd
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
10424000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
11815565000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-354000 usd
CY2023Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.65
CY2023Q3 us-gaap Dividends Common Stock
DividendsCommonStock
234777000 usd
CY2023Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
-29000 usd
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
9519000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
11777601000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
10933093000 usd
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
262044000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
10155000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-1013000 usd
CY2022Q1 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-43000 usd
CY2022Q1 us-gaap Minority Interest Period Increase Decrease
MinorityInterestPeriodIncreaseDecrease
-10000 usd
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.59
CY2022Q1 us-gaap Dividends Common Stock
DividendsCommonStock
222373000 usd
CY2022Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
-15763000 usd
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
9176000 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
10977292000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
138691000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
7759000 usd
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.59
CY2022Q2 us-gaap Dividends Common Stock
DividendsCommonStock
222772000 usd
CY2022Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1683000 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
14183000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
10918011000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
494747000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
8188000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-1013000 usd
CY2022Q3 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-158000 usd
CY2022Q3 us-gaap Minority Interest Period Increase Decrease
MinorityInterestPeriodIncreaseDecrease
1000 usd
CY2022Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.59
CY2022Q3 us-gaap Dividends Common Stock
DividendsCommonStock
222753000 usd
CY2022Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
-367000 usd
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
11906000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
11210588000 usd
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
280000000 shares
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
280000000 shares
CY2023Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
5773 shares
us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
2577 shares
us-gaap Forward Contract Indexed To Issuers Equity Shares
ForwardContractIndexedToIssuersEquityShares
2000000 shares
us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
12288 shares
us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
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us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
11800 shares
us-gaap Forward Contract Indexed To Issuers Equity Shares
ForwardContractIndexedToIssuersEquityShares
2000000 shares
avb Forward Contract Indexed To Issuers Equity Net Proceeds
ForwardContractIndexedToIssuersEquityNetProceeds
491912000 usd
CY2023Q3 us-gaap Forward Contract Indexed To Equity Settlement Share Fair Value Per Share
ForwardContractIndexedToEquitySettlementShareFairValuePerShare
245.96
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
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us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
161.96
CY2023Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
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CY2023Q3 avb Other Commitments Number Of New Mezzanine Loans Or Preferred Equity
OtherCommitmentsNumberOfNewMezzanineLoansOrPreferredEquity
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avb Other Commitments Number Of New Mezzanine Loans Or Preferred Equity
OtherCommitmentsNumberOfNewMezzanineLoansOrPreferredEquity
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CY2023Q3 avb Other Commitment New
OtherCommitmentNew
51660000 usd
avb Other Commitment New
OtherCommitmentNew
51660000 usd
CY2023Q3 avb Other Commitment Number Of Mezzanine Loans Or Preferred Equity
OtherCommitmentNumberOfMezzanineLoansOrPreferredEquity
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CY2023Q3 us-gaap Other Commitment
OtherCommitment
144035000 usd
CY2023Q3 avb Other Commitments Weighted Average Rate Of Return
OtherCommitmentsWeightedAverageRateOfReturn
0.109
CY2023Q3 avb Other Commitment Outstanding Funding
OtherCommitmentOutstandingFunding
76274000 usd
CY2023Q3 avb Other Commitment Number Of Mezzanine Loans Or Preferred Equity
OtherCommitmentNumberOfMezzanineLoansOrPreferredEquity
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CY2023Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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OtherNonoperatingIncomeExpense
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OtherNonoperatingIncomeExpense
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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avb Number Of Development Rights No Longer Probable
NumberOfDevelopmentRightsNoLongerProbable
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us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2023Q3 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2022Q3 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
us-gaap Impairment Of Investments
ImpairmentOfInvestments
0 usd
CY2022Q3 us-gaap Impairment Of Investments
ImpairmentOfInvestments
0 usd
CY2023Q3 us-gaap Impairment Of Investments
ImpairmentOfInvestments
0 usd
us-gaap Impairment Of Investments
ImpairmentOfInvestments
0 usd
CY2023Q3 avb Number Of Communities Held For Sale
NumberOfCommunitiesHeldForSale
1 community
avb Number Of Residential Condominium Units Sold
NumberOfResidentialCondominiumUnitsSold
4 residential_condominium
CY2022Q3 avb Number Of Residential Condominium Units Sold
NumberOfResidentialCondominiumUnitsSold
10 residential_condominium
avb Number Of Residential Condominium Units Sold
NumberOfResidentialCondominiumUnitsSold
38 residential_condominium
CY2023Q3 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
-27000 usd
CY2022Q3 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
340000 usd
us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
272000 usd
us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
1644000 usd
CY2023Q3 avb Number Of Residential Condominiums Remaining To Be Sold
NumberOfResidentialCondominiumsRemainingToBeSold
4 residential_condominium
CY2023Q3 us-gaap Inventory Real Estate
InventoryRealEstate
12657000 usd
CY2022Q4 us-gaap Inventory Real Estate
InventoryRealEstate
32532000 usd
CY2023Q3 avb Number Of Office Leases
NumberOfOfficeLeases
13 lease
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
107144000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
114977000 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
134425000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
142602000 usd
CY2023Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
4081000 usd
CY2022Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
3987000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
12167000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
11657000 usd
CY2023Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
28635000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
28354000 usd
CY2023Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
20026000 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
20069000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
171790000 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
494632000 usd
us-gaap Profit Loss
ProfitLoss
686372000 usd
us-gaap Profit Loss
ProfitLoss
895274000 usd
CY2023Q3 avb Indirect Operating Expenses Net Of Corporate Income
IndirectOperatingExpensesNetOfCorporateIncome
30421000 usd
CY2022Q3 avb Indirect Operating Expenses Net Of Corporate Income
IndirectOperatingExpensesNetOfCorporateIncome
29374000 usd
avb Indirect Operating Expenses Net Of Corporate Income
IndirectOperatingExpensesNetOfCorporateIncome
90177000 usd
avb Indirect Operating Expenses Net Of Corporate Income
IndirectOperatingExpensesNetOfCorporateIncome
88119000 usd
CY2023Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-18959000 usd
CY2022Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-6514000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-23212000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-9865000 usd
CY2023Q3 us-gaap Interest Expense
InterestExpense
48115000 usd
CY2022Q3 us-gaap Interest Expense
InterestExpense
57290000 usd
us-gaap Interest Expense
InterestExpense
156521000 usd
us-gaap Interest Expense
InterestExpense
172613000 usd
CY2023Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-150000 usd
CY2022Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-1646000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-150000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-1646000 usd
CY2023Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
20466000 usd
CY2022Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
14611000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
58542000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
53323000 usd
CY2023Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1930000 usd
CY2022Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
43777000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
11745000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
46574000 usd
CY2023Q3 us-gaap Depreciation
Depreciation
200982000 usd
CY2022Q3 us-gaap Depreciation
Depreciation
206658000 usd
us-gaap Depreciation
Depreciation
606271000 usd
us-gaap Depreciation
Depreciation
607746000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4372000 usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5651000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7715000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7963000 usd
CY2023Q3 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
3499000 usd
CY2022Q3 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 usd
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
8550000 usd
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 usd
CY2023Q3 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
22121000 usd
CY2022Q3 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
318289000 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
209430000 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
467493000 usd
CY2023Q3 us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
237000 usd
CY2022Q3 us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
319000 usd
us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
707000 usd
us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
564000 usd
CY2023Q3 avb Disposal Group Not Discontinued Operation Net Operating Income From Assets Held For Sale Not Classified As Discontinued Operations
DisposalGroupNotDiscontinuedOperationNetOperatingIncomeFromAssetsHeldForSaleNotClassifiedAsDiscontinuedOperations
2089000 usd
CY2022Q3 avb Disposal Group Not Discontinued Operation Net Operating Income From Assets Held For Sale Not Classified As Discontinued Operations
DisposalGroupNotDiscontinuedOperationNetOperatingIncomeFromAssetsHeldForSaleNotClassifiedAsDiscontinuedOperations
10994000 usd
avb Disposal Group Not Discontinued Operation Net Operating Income From Assets Held For Sale Not Classified As Discontinued Operations
DisposalGroupNotDiscontinuedOperationNetOperatingIncomeFromAssetsHeldForSaleNotClassifiedAsDiscontinuedOperations
14212000 usd
avb Disposal Group Not Discontinued Operation Net Operating Income From Assets Held For Sale Not Classified As Discontinued Operations
DisposalGroupNotDiscontinuedOperationNetOperatingIncomeFromAssetsHeldForSaleNotClassifiedAsDiscontinuedOperations
39583000 usd
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
472377000 usd
CY2023Q3 avb Revenue From Assets Held For Sale Not Classified As Discontinued Operations
RevenueFromAssetsHeldForSaleNotClassifiedAsDiscontinuedOperations
3058000 usd
CY2022Q3 avb Revenue From Assets Held For Sale Not Classified As Discontinued Operations
RevenueFromAssetsHeldForSaleNotClassifiedAsDiscontinuedOperations
16242000 usd
avb Revenue From Assets Held For Sale Not Classified As Discontinued Operations
RevenueFromAssetsHeldForSaleNotClassifiedAsDiscontinuedOperations
20402000 usd
avb Revenue From Assets Held For Sale Not Classified As Discontinued Operations
RevenueFromAssetsHeldForSaleNotClassifiedAsDiscontinuedOperations
59663000 usd
CY2023Q3 avb Operating Expenses From Assets Held For Sale Not Classified As Discontinued Operations
OperatingExpensesFromAssetsHeldForSaleNotClassifiedAsDiscontinuedOperations
969000 usd
CY2022Q3 avb Operating Expenses From Assets Held For Sale Not Classified As Discontinued Operations
OperatingExpensesFromAssetsHeldForSaleNotClassifiedAsDiscontinuedOperations
5248000 usd
avb Operating Expenses From Assets Held For Sale Not Classified As Discontinued Operations
OperatingExpensesFromAssetsHeldForSaleNotClassifiedAsDiscontinuedOperations
6190000 usd
avb Operating Expenses From Assets Held For Sale Not Classified As Discontinued Operations
OperatingExpensesFromAssetsHeldForSaleNotClassifiedAsDiscontinuedOperations
20080000 usd
CY2023Q3 avb Disposal Group Not Discontinued Operation Net Operating Income From Assets Held For Sale Not Classified As Discontinued Operations
DisposalGroupNotDiscontinuedOperationNetOperatingIncomeFromAssetsHeldForSaleNotClassifiedAsDiscontinuedOperations
2089000 usd
CY2022Q3 avb Disposal Group Not Discontinued Operation Net Operating Income From Assets Held For Sale Not Classified As Discontinued Operations
DisposalGroupNotDiscontinuedOperationNetOperatingIncomeFromAssetsHeldForSaleNotClassifiedAsDiscontinuedOperations
10994000 usd
avb Disposal Group Not Discontinued Operation Net Operating Income From Assets Held For Sale Not Classified As Discontinued Operations
DisposalGroupNotDiscontinuedOperationNetOperatingIncomeFromAssetsHeldForSaleNotClassifiedAsDiscontinuedOperations
14212000 usd
avb Disposal Group Not Discontinued Operation Net Operating Income From Assets Held For Sale Not Classified As Discontinued Operations
DisposalGroupNotDiscontinuedOperationNetOperatingIncomeFromAssetsHeldForSaleNotClassifiedAsDiscontinuedOperations
39583000 usd
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
472377000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
1401416000 usd
CY2023Q3 avb Real Estate Gross At Carrying Value Excluding Gross Real Estate Assets Held For Sale
RealEstateGrossAtCarryingValueExcludingGrossRealEstateAssetsHeldForSale
26467496000 usd
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
442997000 usd
CY2023Q3 avb Real Estate Held For Sale Gross
RealEstateHeldForSaleGross
63754000 usd
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
22112000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
26958000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
9269000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
8434000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1934000 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1399000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5712000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3054000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-354000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-1013000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-1062000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-3039000 usd
us-gaap Partners Capital Account Units Redeemed
PartnersCapitalAccountUnitsRedeemed
7500 shares

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