The financials
AvalonBay Communities by the numbers
AvalonBay Communities (AVB) reported revenue of $770M in Q1 2026 (quarter ended March 31, 2026), up 3.3% from the same quarter a year earlier. That came with net income of $328M (43% of revenue). For the full year FY2025, revenue was $3.04B (+4.4% year on year) and net income $1.06B. Its largest region in 2024-Q3 was Northern California at $108M, 27.5% of the disclosed total, just ahead of Mid Atlantic at 26.9%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $770M | $746M | +3.3% |
| Operating income | $517M | $496M | +4.3% |
| Net income | $328M | $237M | +39% |
| Diluted EPS | $2.33 | $1.66 | +40% |
| Geographic | Revenue | Share |
|---|---|---|
| Northern California | $108M | 27% |
| Mid Atlantic | $105M | 27% |
| New England | $92M | 23% |
| Pacific Northwest | $44M | 11% |
| Southeast Florida | $24M | 6.2% |
| Denver Colorado | $10M | 2.6% |
| Other Expansion Regions | $8.6M | 2.2% |
Business Segments
Revenue split by geographic segment, from SEC XBRL filings.
Latest period: Q3 2024Total $392.7M (+0.72%)
Pacific Northwest grew +4.4% year on yearOther Expansion Regions -0.66% year on year
Segment Latestquarter on quarteryear on year
- Northern California$107.9M$107.9MQoQ +0.29%year on year +1.8%+0.29%+1.8%
- Mid Atlantic$105.5M$105.5MQoQ +1.9%year on year +3.5%+1.9%+3.5%
- New England$92.0M$92.0MQoQ +0.18%year on year +4.2%+0.18%+4.2%
- Pacific Northwest$44.2M$44.2MQoQ +0.77%year on year +4.4%+0.77%+4.4%
- Southeast Florida$24.3M$24.3MQoQ -1.0%year on year +1.9%-1.0%+1.9%
- Denver Colorado$10.4M$10.4MQoQ +1.3%year on year +0.94%+1.3%+0.94%
- Other Expansion Regions$8.6M$8.6MQoQ +1.5%year on year -0.66%+1.5%-0.66%
REIT - Residential
Ranks #4 of 10 by Smart Score