Capital Expenditures for AvalonBay Communities (AVB)
According to AvalonBay Communities's latest reported financial statements, the company's current capital expenditures (TTM) is $381.37M USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
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Latest period
$381.37M
YoY change
+33.8%
5Y CAGR
+14.1%
Peak year (1997)
$1.15B
Cumulative capital expenditures
$13.78B
CapEx history chart for AvalonBay Communities (AVB) from 1994 to 2025
CapEx history table for AvalonBay Communities (AVB) from 1994 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $264.94M | +33.8% | ||
| 2024 | $198.03M | +0.4% | ||
| 2023 | $197.27M | +12.9% | ||
| 2022 | $174.71M | +14.0% | ||
| 2021 | $153.24M | +11.8% | ||
| 2020 | $137.04M | -2.7% | ||
| 2019 | $140.89M | +62.1% | ||
| 2018 | $86.93M | +17.5% | ||
| 2017 | $73.99M | +1.6% | ||
| 2016 | $72.85M | +30.4% | ||
| 2015 | $55.87M | +5.8% | ||
| 2014 | $52.83M | +98.5% | ||
| 2013 | $26.61M | +0.3% | ||
| 2012 | $26.53M | -96.1% | ||
| 2011 | $688.57M | +49.0% | ||
| 2010 | $462.24M | -21.2% | ||
| 2009 | $586.84M | -35.0% | ||
| 2008 | $902.33M | -21.0% | ||
| 2007 | $1.14B | +37.2% | ||
| 2006 | $832.34M | -7.5% | ||
| 2005 | $899.66M | -8.4% | ||
| 2004 | $982.20M | +35.1% | ||
| 2003 | $726.91M | -32.6% | ||
| 2002 | $1.08B | +122.5% | ||
| 2001 | $484.60M | +12.1% | ||
| 2000 | $432.41M | -16.2% | ||
| 1999 | $516.26M | -28.1% | ||
| 1998 | $718.34M | -37.6% | ||
| 1997 | $1.15B | +297.4% | ||
| 1996 | $289.42M | +176.4% | ||
| 1995 | $104.70M | -14.8% | ||
| 1994 | $122.90M | — |
CapEx values are taken from AvalonBay Communities's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual capital expenditures for AvalonBay Communities (AVB) came in at $264.94M – surged 33.8% year-over-year.
Over 2020–2025 (5 years), AvalonBay Communities capital expenditures expanded at a +14.1% compound annual rate, sustaining 5 straight years of year-over-year growth.
AvalonBay Communities capital expenditures plunged from $1.15B in 1997 to $264.94M in 2025, a 77.0% drawdown.
The highest annual capital expenditures of $1.15B was reported in 1997. The lowest in the available history was $26.53M in 2012.
AvalonBay Communities (AVB) sits 5th of 8 Real Estate peers we track on this metric, against a peer median of $210.59M.
AvalonBay Communities Capital Expenditures by Year
AvalonBay Communities Capital Expenditures 2025: $264.94M
AvalonBay Communities capital expenditures in 2025 was $264.94M, surged 33.8% from 2024.
AvalonBay Communities Capital Expenditures 2024: $198.03M
AvalonBay Communities capital expenditures in 2024 was $198.03M, edged up 0.4% from 2023.
AvalonBay Communities Capital Expenditures 2023: $197.27M
AvalonBay Communities capital expenditures in 2023 was $197.27M, grew 12.9% from 2022.
AvalonBay Communities Capital Expenditures 2022: $174.71M
AvalonBay Communities capital expenditures in 2022 was $174.71M, grew 14.0% from 2021.
AvalonBay Communities Capital Expenditures 2021: $153.24M
AvalonBay Communities capital expenditures in 2021 was $153.24M.
See more financial history for AvalonBay Communities (AVB).
Sector peers — CapEx
Companies in the same sector as AvalonBay Communities, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Equinix, Inc. (EQIX) | $4.31B | Real Estate |
| American Tower Corporation (AMT) | $1.68B | Real Estate |
| Simon Property Group, Inc. (SPG) | $912.35M | Real Estate |
| Public Storage (PSA) | $289.38M | Real Estate |
| Realty Income Corporation (O) | $131.80M | Real Estate |
| Welltower Inc. (WELL) | $33.80M | Real Estate |
| Prologis, Inc. (PLD) | $0 | Real Estate |
| Digital Realty Trust, Inc. (DLR) | $0 | Real Estate |
Frequently asked questions
What is AvalonBay Communities's capital expenditures?
- Latest reported capital expenditures for AvalonBay Communities (AVB) is $381.37M (period ending December 31, 2025).
How has AvalonBay Communities capital expenditures changed year-over-year?
- AvalonBay Communities (AVB) capital expenditures changed +33.8% year-over-year on the latest annual filing.
What is the long-term growth rate of AvalonBay Communities capital expenditures?
- AvalonBay Communities (AVB) capital expenditures compound annual growth rate is +14.1% over the most recent 5 years available.
When did AvalonBay Communities capital expenditures hit its highest annual value?
- AvalonBay Communities capital expenditures reached its highest annual value of $1.15B in 1997.
What was AvalonBay Communities capital expenditures in 2024?
- AvalonBay Communities (AVB) capital expenditures in 2024 was $198.03M.
What was AvalonBay Communities capital expenditures in 2025?
- AvalonBay Communities (AVB) capital expenditures in 2025 was $264.94M.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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