Buyback yield (TTM)
3.01%
Shareholder yield (TTM)
7.38%
5Y share count change
1.1%
Buyback spend (TTM)
$686.60M
Cumulative buybacks
$1.55B
Key takeaways
- AvalonBay Communities (AVB) repurchased about $686.60M of stock over the trailing twelve months.
- Diluted share count is up 1.1% over the last ~5 fiscal years — equity issuance and stock-based compensation are outpacing repurchases.
- TTM buyback ÷ stock-based-comp ratio of 25.91× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +21.6% per year over the latest 5-year window.
- TTM repurchases used about 136% of free cash flow remaining after dividends.
Dividend & buyback yield over time for AvalonBay Communities (AVB)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for AvalonBay Communities (AVB)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for AvalonBay Communities (AVB)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for AvalonBay Communities (AVB)
Latest: $488.12M
Overview
2025's annual buyback spend for AvalonBay Communities (AVB) came in at $488.12M.
Across 2020–2025 (5 years), AvalonBay Communities buyback spend produced a CAGR of +21.6% – with mixed annual results across the window.
Across the available history, buyback spend reached its high of $488.12M in 2025 and its low of $0.00 in 1994.
AvalonBay Communities Buyback Spend 2025: $488.12M
AvalonBay Communities buyback spend in 2025 was $488.12M.
AvalonBay Communities Buyback Spend 2024: $0.00
AvalonBay Communities buyback spend in 2024 was $0.00, plunged 100.0% below 2023.
AvalonBay Communities Buyback Spend 2023: $1.91M
AvalonBay Communities buyback spend in 2023 was $1.91M.
AvalonBay Communities Buyback Spend 2022: $0.00
AvalonBay Communities buyback spend in 2022 was $0.00.
AvalonBay Communities Buyback Spend 2021: $0.00
AvalonBay Communities buyback spend in 2021 was $0.00.
See more financial history for AvalonBay Communities (AVB).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $488.12M | $26.46M | $461.66M | 1.91% | 0.14B | -0.3% | |
| 2024 | $0.00 | $25.37M | −$25.37M | — | 0.14B | +0.6% | |
| 2023 | $1.91M | $27.14M | −$25.23M | 0.01% | 0.14B | +1.2% | |
| 2022 | $0.00 | $33.86M | −$33.86M | — | 0.14B | +0.2% | |
| 2021 | $0.00 | $25.50M | −$25.50M | — | 0.14B | -0.5% | |
| 2020 | $183.88M | $21.60M | $162.27M | 0.82% | 0.14B | +0.6% | |
| 2019 | $0.00 | $25.62M | −$25.62M | — | 0.14B | +0.9% | |
| 2018 | $0.00 | $20.28M | −$20.28M | — | 0.14B | +0.2% | |
| 2017 | $0.00 | $17.92M | −$17.92M | — | 0.14B | +0.4% | |
| 2016 | $0.00 | $15.08M | −$15.08M | — | 0.14B | +2.1% | |
| 2015 | $0.00 | $15.32M | −$15.32M | — | 0.13B | +2.6% | |
| 2014 | $0.00 | $13.93M | −$13.93M | — | 0.13B | +3.1% | |
| 2013 | $0.00 | $15.16M | −$15.16M | — | 0.13B | +29.8% | |
| 2012 | $0.00 | $8.71M | −$8.71M | — | 0.10B | +8.0% | |
| 2011 | $0.00 | $0.00 | $0.00 | — | 0.09B | +7.3% | |
| 2010 | $0.00 | $5.94M | −$5.94M | — | 0.08B | +5.0% | |
| 2009 | $0.00 | $0.00 | $0.00 | — | 0.08B | +3.9% | |
| 2008 | $142.16M | $0.00 | $142.16M | 2.98% | 0.08B | -2.9% | |
| 2007 | $257.93M | $0.00 | $257.93M | 3.55% | 0.08B | +5.6% | |
| 2006 | $0.00 | $0.00 | $0.00 | — | 0.08B | +1.1% | |
| 2005 | $0.00 | $0.00 | $0.00 | — | 0.07B | +3.4% | |
| 2004 | $0.00 | $0.00 | $0.00 | — | 0.07B | +3.4% | |
| 2003 | $203.60M | $0.00 | $203.60M | 6.08% | 0.07B | +0.1% | |
| 2002 | $49.76M | $0.00 | $49.76M | 1.89% | 0.07B | +0.9% | |
| 2001 | $219.00M | $0.00 | $219.00M | 6.74% | 0.07B | +2.5% | |
| 2000 | $0.00 | $0.00 | $0.00 | — | 0.07B | +3.4% | |
| 1999 | $0.00 | $0.00 | $0.00 | — | 0.07B | +25.9% | |
| 1998 | $0.00 | $0.00 | $0.00 | — | 0.05B | +82.4% | |
| 1997 | $0.00 | $0.00 | $0.00 | — | 0.03B | +57.9% | |
| 1996 | $0.00 | $0.00 | $0.00 | — | 0.02B | — | |
| 1995 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1994 | $0.00 | $0.00 | $0.00 | — | — | — |
- 2025$488.12M
- 2024$0.00
- 2023$1.91M
- 2022$0.00
- 2021$0.00
- 2020$183.88M
- 2019$0.00
- 2018$0.00
- 2017$0.00
- 2016$0.00
- 2015$0.00
- 2014$0.00
- 2013$0.00
- 2012$0.00
- 2011$0.00
- 2010$0.00
- 2009$0.00
- 2008$142.16M
- 2007$257.93M
- 2006$0.00
- 2005$0.00
- 2004$0.00
- 2003$203.60M
- 2002$49.76M
- 2001$219.00M
- 2000$0.00
- 1999$0.00
- 1998$0.00
- 1997$0.00
- 1996$0.00
- 1995$0.00
- 1994$0.00
Buybacks vs stock-based compensation for AvalonBay Communities (AVB)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 25.91×.
Buybacks vs dividends (share of cash returned) for AvalonBay Communities (AVB)
How AvalonBay Communities splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as AvalonBay Communities, ranked by their latest buyback spend.
| $364.60M | |
| $227.15M | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $0.00 |
- $364.60M
- $227.15M
- $0.00
- $0.00
- $0.00
- $0.00
- $0.00
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $505.30M (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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