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AvalonBay Communities (AVB) Cash Flow Waterfall

Trace AvalonBay Communities's cash from operations down to free cash flow, then see where FCF goes — capex, buybacks, dividends, and debt repayment.

Operating CF

$1.67B

Capex

−$170.88M

Free Cash Flow

$1.50B

FCF Margin

+89.8%

Cash flow waterfall for AvalonBay Communities (AVB) — TTM through Q1 2026

Free cash flow: $1.50B

Note: Other Investing is large — driven mainly by acquisitions and investment activity.

Cash flow breakdown for AvalonBay Communities (AVB) — TTM through Q1 2026

  • Operating Cash Flow$1.67B
  • Capital Expenditure−$170.88M
  • Free Cash Flow$1.50B
  • Other Investing−$842.60M
  • Share Buybacks−$686.60M
  • Dividends Paid−$997.96M
  • Net Debt Change$958.75M
  • Other Financing & FX$137.13M
  • Net Cash Increase$71.99M
Want to see what drove the FCF change?Free Cash Flow Bridge

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