AvalonBay reported FY 2025 net income attributable to common stockholders of USD 1.1 billion (down 2.8%), on total revenue of USD 3.0 billion. Rental and other income was USD 3.0 billion (up 4.4%). Same Store Residential NOI was USD 1.9 billion (up 1.9%), driven by Same Store Residential revenue of USD 2.7 billion (up 2.5%) and partially offset by higher Same Store Residential property operating expenses. FFO was USD 1.6 billion, or USD 11.40 per diluted share, while Core FFO was USD 1.6 billion, or USD 11.24 per diluted share. Net cash provided by operating activities was USD 1.7 billion. In portfolio activity during FY 2025, AvalonBay sold nine wholly-owned communities for USD 811.7 million and acquired 12 wholly-owned communities for USD 826.0 million, and also bought out its joint venture partner’s 50% interest in Avalon Alderwood Place for USD 71.3 million. The company completed construction of four communities for an aggregate total capitalized cost of USD 561.0 million and started construction of 11 communities plus expanded development at two existing communities, representing an estimated total capitalized cost of USD 1.6 billion. AvalonBay ended 2025 with interests in 320 communities (98,694 apartment homes), including 24 under construction.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AvalonBay Communities Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000915912-26-000004), on February 27, 2026, and is solely responsible for the information contained therein.