2013 Q4 Form 10-Q Financial Statement

#000110465913081207 Filed on November 05, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q3
Revenue $394.2M $389.2M $257.6M
YoY Change 50.69% 51.1% 7.51%
Cost Of Revenue $135.9M $139.0M $92.90M
YoY Change 55.49% 49.62% 6.54%
Gross Profit $246.6M $250.1M $168.4M
YoY Change 51.2% 48.52% 17.35%
Gross Profit Margin 62.56% 64.26% 65.38%
Selling, General & Admin $8.300M $9.900M $8.400M
YoY Change 7.79% 17.86% 37.7%
% of Gross Profit 3.37% 3.96% 4.99%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $102.4M $159.9M $62.75M
YoY Change 41.63% 154.78% 3.04%
% of Gross Profit 41.52% 63.92% 37.26%
Operating Expenses $155.7M $408.4M $198.7M
YoY Change 96.84% 105.57% -7.9%
Operating Profit $90.90M $258.4M $177.4M
YoY Change 8.21% 45.72% -345.64%
Interest Expense -$39.50M $43.95M $33.99M
YoY Change 58.0% 29.31% -184.75%
% of Operating Profit -43.45% 17.0% 19.16%
Other Income/Expense, Net $2.176M
YoY Change
Pretax Income $82.40M -$15.90M $82.40M
YoY Change 38.72% -119.3% 114.58%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income 0.0% 0.0%
Net Earnings $252.2M -$10.89M $86.75M
YoY Change 106.05% -112.55% 94.16%
Net Earnings / Revenue 63.98% -2.8% 33.68%
Basic Earnings Per Share $1.95 -$0.08 $0.89
Diluted Earnings Per Share $1.95 -$0.08 $0.89
COMMON SHARES
Basic Shares Outstanding 129.4M shares 129.2M shares 97.04M shares
Diluted Shares Outstanding 129.2M shares 97.55M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $281.0M $113.0M $664.0M
YoY Change -89.72% -82.98% -3.77%
Cash & Equivalents $281.4M $112.9M $664.1M
Short-Term Investments
Other Short-Term Assets $197.0M $201.0M $149.0M
YoY Change 36.81% 34.9% -1.32%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $478.0M $314.0M $813.0M
YoY Change -83.39% -61.38% -3.33%
LONG-TERM ASSETS
Property, Plant & Equipment $14.28B $14.29B $7.879B
YoY Change 78.22% 81.3% 8.57%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $368.0M $347.0M $139.0M
YoY Change 185.27% 149.64% 6.11%
Other Assets $171.0M $171.0M $112.0M
YoY Change 51.33% 52.68% -52.34%
Total Long-Term Assets $14.85B $14.83B $8.156B
YoY Change 79.3% 81.85% 6.64%
TOTAL ASSETS
Total Short-Term Assets $478.0M $314.0M $813.0M
Total Long-Term Assets $14.85B $14.83B $8.156B
Total Assets $15.33B $15.15B $8.969B
YoY Change 37.35% 68.87% 5.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $95.00M $84.00M $51.00M
YoY Change 79.25% 64.71% 41.67%
Accrued Expenses $283.0M $278.0M $247.0M
YoY Change 13.2% 12.55% -4.63%
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 $561.0M $547.0M $433.0M
YoY Change 24.39% 26.33% 3.84%
LONG-TERM LIABILITIES
Long-Term Debt $6.134B $6.098B $3.808B
YoY Change 59.28% 60.14% 0.61%
Other Long-Term Liabilities $16.00M $8.000M $0.00
YoY Change 60.0% -100.0%
Total Long-Term Liabilities $6.150B $6.106B $3.808B
YoY Change 59.29% 60.35% -2.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $561.0M $547.0M $433.0M
Total Long-Term Liabilities $6.150B $6.106B $3.808B
Total Liabilities $6.711B $6.654B $4.240B
YoY Change 55.63% 56.9% -2.29%
SHAREHOLDERS EQUITY
Retained Earnings -$345.3M -$458.2M -$153.8M
YoY Change 142.57% 197.92%
Common Stock $1.294M $1.294M $977.0K
YoY Change 13.11% 32.45%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.596B $8.470B $4.717B
YoY Change
Total Liabilities & Shareholders Equity $15.33B $15.15B $8.969B
YoY Change 37.35% 68.87% 5.65%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $252.2M -$10.89M $86.75M
YoY Change 106.05% -112.55% 94.16%
Depreciation, Depletion And Amortization $102.4M $159.9M $62.75M
YoY Change 41.63% 154.78% 3.04%
Cash From Operating Activities $254.4M $202.7M $152.7M
YoY Change 53.62% 32.74% 71.38%
INVESTING ACTIVITIES
Capital Expenditures $363.0M -$329.4M -$302.9M
YoY Change -245.61% 8.75% 53.13%
Acquisitions
YoY Change
Other Investing Activities -$349.1M $18.80M $12.90M
YoY Change -421.16% 45.74% -39.72%
Cash From Investing Activities $13.80M -$310.6M -$289.9M
YoY Change -109.81% 7.14% 64.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -99.80M 109.7M 443.1M
YoY Change -104.88% -75.24% -9.22%
NET CHANGE
Cash From Operating Activities 254.4M 202.7M 152.7M
Cash From Investing Activities 13.80M -310.6M -289.9M
Cash From Financing Activities -99.80M 109.7M 443.1M
Net Change In Cash 168.4M 1.800M 305.9M
YoY Change -91.86% -99.41% -23.66%
FREE CASH FLOW
Cash From Operating Activities $254.4M $202.7M $152.7M
Capital Expenditures $363.0M -$329.4M -$302.9M
Free Cash Flow -$108.6M $532.1M $455.6M
YoY Change -126.17% 16.79% 58.8%

Facts In Submission

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CY2012Q3 us-gaap Interest Expense
InterestExpense
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us-gaap Interest Expense
InterestExpense
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avb Gains Losses On Extinguishment Of Debt From Continuing Operations
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us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
31262000 USD
CY2013Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
9878000 USD
CY2012Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8372000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
26398000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-16244000 USD
CY2013Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3260000 USD
CY2012Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5553000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
9801000 USD
us-gaap Depreciation
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457837000 USD
CY2013Q3 us-gaap Depreciation
Depreciation
160682000 USD
CY2012Q3 us-gaap Depreciation
Depreciation
62750000 USD
us-gaap Depreciation
Depreciation
183688000 USD
us-gaap Gain Loss On Sale Of Properties
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118413000 USD
us-gaap Gain Loss On Interest Rate Fair Value Hedge Ineffectiveness
GainLossOnInterestRateFairValueHedgeIneffectiveness
-51000000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
95329000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
739178000 USD
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
264622000 USD
CY2012Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
177353000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2013Q3 us-gaap Segment Reporting Information Revenue
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CY2012Q3 us-gaap Segment Reporting Information Revenue
SegmentReportingInformationRevenue
261321000 USD
us-gaap Segment Reporting Information Revenue
SegmentReportingInformationRevenue
1080471000 USD
us-gaap Segment Reporting Information Revenue
SegmentReportingInformationRevenue
750106000 USD
CY2013Q3 avb Percentage Change Of Net Operating Income From Prior Year
PercentageChangeOfNetOperatingIncomeFromPriorYear
0.492 pure
avb Percentage Change Of Net Operating Income From Prior Year
PercentageChangeOfNetOperatingIncomeFromPriorYear
0.452 pure
CY2012Q3 avb Percentage Change Of Net Operating Income From Prior Year
PercentageChangeOfNetOperatingIncomeFromPriorYear
0.147 pure
avb Percentage Change Of Net Operating Income From Prior Year
PercentageChangeOfNetOperatingIncomeFromPriorYear
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CY2013Q3 us-gaap Real Estate Gross At Carrying Value
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CY2013Q3 us-gaap Inventory Real Estate Held For Sale
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275874000 USD
CY2013Q3 us-gaap Liabilities Of Assets Held For Sale
LiabilitiesOfAssetsHeldForSale
8275000 USD
CY2013Q3 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
318406000 USD
CY2012Q3 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
405662000 USD
CY2012Q3 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
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us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
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us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
21011000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
16768000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8394000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
5911000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
3877000 USD
CY2013Q3 invest Derivative Notional Amount
DerivativeNotionalAmount
215000000 USD
avb Derivative Settlement Of Forward Starting Interest Rate Swap Agreement
DerivativeSettlementOfForwardStartingInterestRateSwapAgreement
51000000 USD
CY2013Q3 avb Derivative Charges For Reversal Of Deferred Loss
DerivativeChargesForReversalOfDeferredLoss
53484000 USD
dei Entity Registrant Name
EntityRegistrantName
AVALONBAY COMMUNITIES INC
dei Entity Central Index Key
EntityCentralIndexKey
0000915912
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2013-09-30
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2013Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
129413103 shares
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
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CY2012Q4 us-gaap Investment Building And Building Improvements
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6934099000 USD
CY2013Q3 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
333638000 USD
CY2012Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
251537000 USD
CY2013Q3 us-gaap Real Estate Investment Property At Cost
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14752950000 USD
CY2012Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
8610433000 USD
CY2013Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
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2445294000 USD
us-gaap Amortization Of Financing Costs And Discounts
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-15831000 USD
CY2012Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
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1988764000 USD
CY2013Q3 us-gaap Real Estate Investment Property Net
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12307656000 USD
CY2012Q4 us-gaap Real Estate Investment Property Net
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6621669000 USD
CY2013Q3 us-gaap Construction In Progress Gross
ConstructionInProgressGross
1418836000 USD
CY2012Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
802857000 USD
CY2013Q3 us-gaap Land Available For Development
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282285000 USD
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316037000 USD
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274556000 USD
CY2013Q3 avb Net Investments In Real Estate
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14284651000 USD
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8015119000 USD
CY2013Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2013Q3 us-gaap Restricted Cash And Cash Equivalents
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CY2012Q4 us-gaap Restricted Cash And Cash Equivalents
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CY2013Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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347386000 USD
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129352000 USD
CY2013Q3 us-gaap Deferred Finance Costs Net
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39085000 USD
CY2012Q4 us-gaap Deferred Finance Costs Net
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38700000 USD
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24665000 USD
CY2013Q3 us-gaap Prepaid Expense And Other Assets
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CY2013Q3 us-gaap Assets
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CY2012Q4 us-gaap Assets
Assets
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CY2013Q3 us-gaap Unsecured Debt
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CY2013Q3 us-gaap Secured Debt
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138459000 USD
CY2012Q4 us-gaap Dividends Payable Current And Noncurrent
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CY2012Q4 us-gaap Construction Payable Current And Noncurrent
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52903000 USD
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254144000 USD
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217259000 USD
CY2013Q3 us-gaap Interest Payable Current And Noncurrent
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23965000 USD
CY2012Q4 us-gaap Interest Payable Current And Noncurrent
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CY2013Q3 us-gaap Security Deposit Liability
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CY2012Q4 us-gaap Security Deposit Liability
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37691000 USD
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9350000 USD
CY2013Q3 us-gaap Liabilities
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CY2013Q3 us-gaap Temporary Equity Redemption Value
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18255000 USD
CY2012Q4 us-gaap Temporary Equity Redemption Value
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7027000 USD
CY2012Q4 us-gaap Preferred Stock Value
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CY2013Q3 us-gaap Preferred Stock Value
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CY2013Q3 us-gaap Additional Paid In Capital
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CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2013Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2013Q3 us-gaap Stockholders Equity
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CY2013Q3 us-gaap Minority Interest
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CY2013Q3 us-gaap Liabilities And Stockholders Equity
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CY2013Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
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CY2012Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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CY2013Q3 us-gaap Preferred Stock Liquidation Preference
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25
CY2012Q4 us-gaap Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
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CY2013Q3 us-gaap Preferred Stock Shares Authorized
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CY2012Q4 us-gaap Preferred Stock Shares Authorized
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CY2013Q3 us-gaap Preferred Stock Shares Issued
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CY2013Q3 us-gaap Preferred Stock Shares Outstanding
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CY2012Q4 us-gaap Preferred Stock Shares Outstanding
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CY2013Q3 us-gaap Common Stock Par Or Stated Value Per Share
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CY2012Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
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CY2013Q3 us-gaap Common Stock Shares Authorized
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CY2012Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
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CY2013Q3 us-gaap Common Stock Shares Issued
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CY2013Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2012Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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CY2012Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2013Q3 avb Rental And Other Income
RentalAndOtherIncome
390113000 USD
CY2012Q3 avb Rental And Other Income
RentalAndOtherIncome
258788000 USD
avb Rental And Other Income
RentalAndOtherIncome
1072273000 USD
avb Rental And Other Income
RentalAndOtherIncome
742254000 USD
CY2013Q3 us-gaap Management Fees Revenue
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3014000 USD
CY2012Q3 us-gaap Management Fees Revenue
ManagementFeesRevenue
2533000 USD
us-gaap Management Fees Revenue
ManagementFeesRevenue
8198000 USD
us-gaap Management Fees Revenue
ManagementFeesRevenue
7852000 USD
CY2013Q3 us-gaap Revenues
Revenues
393127000 USD
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Revenues
261321000 USD
us-gaap Revenues
Revenues
1080471000 USD
us-gaap Revenues
Revenues
750106000 USD
CY2013Q3 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
97650000 USD
CY2012Q3 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
67471000 USD
us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
258605000 USD
us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
196325000 USD
CY2013Q3 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
42678000 USD
CY2012Q3 us-gaap Real Estate Tax Expense
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25475000 USD
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
116515000 USD
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
73171000 USD
CY2013Q3 us-gaap Operating Expenses
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410493000 USD
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OperatingExpenses
198661000 USD
us-gaap Operating Expenses
OperatingExpenses
1089032000 USD
us-gaap Operating Expenses
OperatingExpenses
583314000 USD
us-gaap Gain Loss On Disposition Of Property
GainLossOnDispositionOfProperty
240000 USD
us-gaap Gain Loss On Disposition Of Property
GainLossOnDispositionOfProperty
280000 USD
us-gaap Gain Loss On Disposition Of Real Estate Discontinued Operations
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118173000 USD
us-gaap Gain Loss On Disposition Of Real Estate Discontinued Operations
GainLossOnDispositionOfRealEstateDiscontinuedOperations
95049000 USD
CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
3221000 USD
CY2012Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
4340000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
125246000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
110111000 USD
CY2013Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2012Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2012Q3 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
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CY2013Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
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54948000 USD
CY2013Q3 us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
277745000 USD
CY2013Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
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us-gaap Income Loss From Continuing Operations Per Basic Share
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us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
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CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2012Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.04
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.99
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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1.15
CY2013Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2012Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.85
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
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us-gaap Income Loss From Continuing Operations Per Diluted Share
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1.99
CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.03
CY2012Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.04
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.99
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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1.14
CY2013Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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CY2012Q3 us-gaap Common Stock Dividends Per Share Declared
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0.97
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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us-gaap Common Stock Dividends Per Share Declared
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2.91
us-gaap Amortization Of Financing Costs And Discounts
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4122000 USD
us-gaap Share Based Compensation
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8548000 USD
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7484000 USD
us-gaap Gains Losses On Extinguishment Of Debt
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avb Gain Loss On Sale Of Joint Venture Real Estate Assets
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12667000 USD
us-gaap Increase Decrease In Restricted Cash For Operating Activities
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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8069000 USD
us-gaap Increase Decrease In Accrued Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities
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375173000 USD
us-gaap Payments To Develop Real Estate Assets
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us-gaap Payments To Acquire Other Real Estate
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us-gaap Payments For Capital Improvements
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13449000 USD
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1094000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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182225000 USD
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14419000 USD
avb Increase Decrease In Cash In Construction Escrows
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us-gaap Payments To Acquire Businesses And Interest In Affiliates
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Issuance Of Common Stock
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326653000 USD
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106255000 USD
us-gaap Proceeds From Issuance Of Unsecured Debt
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450000000 USD
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54930000 USD
us-gaap Repayments Of Unsecured Debt
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179400000 USD
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us-gaap Payments To Acquire Interest In Joint Venture
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3350000 USD
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22000 USD
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247000 USD
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154839000 USD
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47280000 USD
us-gaap Interest Paid Net
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us-gaap Net Cash Provided By Used In Operating Activities
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469923000 USD
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Stock Issued During Period Value Share Based Compensation Gross
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16019000 USD
us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
200000 USD
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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5706000 USD
us-gaap Stock Issued During Period Shares Share Based Compensation Forfeited
StockIssuedDuringPeriodSharesShareBasedCompensationForfeited
5214 shares
us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
780000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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avb Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodValue
5768000 USD
CY2012Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
94778000 USD
avb Minority Interest Increase Decrease From Put Option Redemption Value Adjustment
MinorityInterestIncreaseDecreaseFromPutOptionRedemptionValueAdjustment
441000 USD
us-gaap Stock Issued During Period Shares Share Based Compensation Gross
StockIssuedDuringPeriodSharesShareBasedCompensationGross
96592 shares
us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
12883000 USD
us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
1830 shares
us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
254000 USD
us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
120952 shares
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
15491000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
115303 shares
avb Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodValue
3357000 USD
us-gaap Stock Issued During Period Shares Share Based Compensation Forfeited
StockIssuedDuringPeriodSharesShareBasedCompensationForfeited
7558 shares
us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
393000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Before Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax
-23767000 USD
avb Unsecured Notes Basis Adjustment Qualifying As Hedges Before Tax Prepaid Expenses And Other Assets
UnsecuredNotesBasisAdjustmentQualifyingAsHedgesBeforeTaxPrepaidExpensesAndOtherAssets
-11000 USD
avb Minority Interest Increase Decrease From Put Option Redemption Value Adjustment
MinorityInterestIncreaseDecreaseFromPutOptionRedemptionValueAdjustment
480000 USD
CY2012Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
664133000 USD
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
616853000 USD
us-gaap Business Combination Step Acquisition Equity Interest In Acquiree Remeasurement Gain
BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain
14194000 USD
CY2013Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-14106000 USD
CY2012Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
82407000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-24565000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
191067000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
8720000 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-45215000 USD
us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
12883000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
66709000 USD
us-gaap Interest Paid Net
InterestPaidNet
137081000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
15333000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
908215000 USD
us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
749275000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
10527000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
7286000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
432380000 USD
us-gaap Increase Decrease In Construction Payables
IncreaseDecreaseInConstructionPayables
31124000 USD
us-gaap Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
-16788000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2874000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
387658000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
1789399000 USD
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
400000000 USD
us-gaap Payments For Proceeds From Hedge Financing Activities
PaymentsForProceedsFromHedgeFinancingActivities
51000000 USD
us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
100000000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
6093000 USD
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
1965000 USD
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
24000 USD
us-gaap Payments For Proceeds From Real Estate Partnership Investment Net
PaymentsForProceedsFromRealEstatePartnershipInvestmentNet
238000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
71210000 USD
avb Payment For Redemption Of Preferred Interest Obligation
PaymentForRedemptionOfPreferredInterestObligation
33327000 USD
us-gaap Cash Flow Hedge Loss Reclassified To Earnings
CashFlowHedgeLossReclassifiedToEarnings
57913000 USD

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