TTM
$876M
YoY change
-0.2%
5Y CAGR
+5.2%
Peak year (FY2024)
$916M
Cumulative operating income
$14.8B
Operating Income history chart for AvalonBay Communities (AVB) from 2016 to 2025
Latest: $914M
Operating Income growth chart for AvalonBay Communities (AVB) from 2016 to 2025
Latest: -0.2%
Operating Income history table for AvalonBay Communities (AVB) from 1994 to 2025
| FY2025 | $914M | -0.2% | -$1.89M | ||
| FY2024 | $916M | +3.3% | +$29.5M | ||
| FY2023 | $886M | +12.9% | +$101M | ||
| FY2022 | $785M | +28.2% | +$173M | ||
| FY2021 | $613M | -13.8% | -$97.8M | ||
| FY2020 | $710M | -15.1% | -$126M | ||
| FY2019 | $837M | +1.3% | +$10.5M | ||
| FY2018 | $826M | +3.5% | +$27.9M | ||
| FY2017 | $798M | +1.7% | +$13.7M | ||
| FY2016 | $785M | +13.2% | +$91.7M | ||
| FY2015 | $693M | +13.3% | +$81.4M | ||
| FY2014 | $612M | +73.7% | +$260M | ||
| FY2013 | $352M | -3.8% | -$13.8M | ||
| FY2012 | $366M | +18.8% | +$57.8M | ||
| FY2011 | $308M | +17.9% | +$46.9M | ||
| FY2010 | $261M | -2.8% | -$7.66M | ||
| FY2009 | $269M | +0.8% | +$2.22M | ||
| FY2008 | $267M | -0.3% | -$860K | ||
| FY2007 | $268M | +6.1% | +$15.3M | ||
| FY2006 | $252M | +19.6% | +$41.3M | ||
| FY2005 | $211M | -3.1% | -$6.65M | ||
| FY2004 | $218M | +193.4% | +$143M | ||
| FY2003 | $74.2M | -91.6% | -$808M | ||
| FY2002 | $882M | +291.4% | +$657M | ||
| FY2001 | $225M | -9.2% | -$22.9M | ||
| FY2000 | $248M | +19.1% | +$39.7M | ||
| FY1999 | $208M | +40.1% | +$59.6M | ||
| FY1998 | $149M | -45.9% | -$126M | ||
| FY1997 | $275M | +1243.4% | +$254M | ||
| FY1996 | $20.5M | -76.3% | -$65.9M | ||
| FY1995 | $86.4M | +72.1% | +$36.2M | ||
| FY1994 | $50.2M | — | — |
- FY2025$914M-0.2%
- FY2024$916M+3.3%
- FY2023$886M+12.9%
- FY2022$785M+28.2%
- FY2021$613M-13.8%
- FY2020$710M-15.1%
- FY2019$837M+1.3%
- FY2018$826M+3.5%
- FY2017$798M+1.7%
- FY2016$785M+13.2%
- FY2015$693M+13.3%
- FY2014$612M+73.7%
- FY2013$352M-3.8%
- FY2012$366M+18.8%
- FY2011$308M+17.9%
- FY2010$261M-2.8%
- FY2009$269M+0.8%
- FY2008$267M-0.3%
- FY2007$268M+6.1%
- FY2006$252M+19.6%
- FY2005$211M-3.1%
- FY2004$218M+193.4%
- FY2003$74.2M-91.6%
- FY2002$882M+291.4%
- FY2001$225M-9.2%
- FY2000$248M+19.1%
- FY1999$208M+40.1%
- FY1998$149M-45.9%
- FY1997$275M+1243.4%
- FY1996$20.5M-76.3%
- FY1995$86.4M+72.1%
- FY1994$50.2M—
Operating Income values are taken from AvalonBay Communities's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Income at AvalonBay Communities (AVB)
According to AvalonBay Communities's latest reported financial statements, the company's current operating income (TTM) is $876M. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
In 2025, AvalonBay Communities (AVB) operating income totalled $914M – edged down 0.2% year-over-year.
Looking at the 2020–2025 (5 years) stretch, AvalonBay Communities operating income compounded at +5.2% per year, with mixed annual results across the window.
The highest annual operating income of $916M was reported in 2024. The lowest in the available history was $20.5M in 1996.
AvalonBay Communities Operating Income by Year
AvalonBay Communities Operating Income 2025: $914M
AvalonBay Communities operating income in 2025 was $914M, edged down 0.2% below 2024.
AvalonBay Communities Operating Income 2024: $916M
2024's operating income for AvalonBay Communities came in at $916M, edged up 3.3% from 2023. This figure represents the highest annual value in the available history.
AvalonBay Communities Operating Income 2023: $886M
AvalonBay Communities posted operating income of $886M in 2023, grew 12.9% from 2022.
AvalonBay Communities Operating Income 2022: $785M
In 2022, AvalonBay Communities reported operating income of $785M, grew 28.2% from 2021.
AvalonBay Communities Operating Income 2021: $613M
AvalonBay Communities operating income in 2021 was $613M.
See more financial history for AvalonBay Communities (AVB).
Sector peers by Operating Income
Real Estate peers of AvalonBay Communities (AVB), ranked by their latest operating income
| $4.88B | |
| $3.54B | |
| $3.18B | |
| $2.25B | |
| $1.85B | |
| $1.63B | |
| $658M | |
| $355M |
- $4.88B
- $3.54B
- $2.25B
- $1.85B
- $1.63B
- $355M
Frequently asked questions
AvalonBay Communities (AVB) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation
- Buybacks3.01% TTM
- Dividend Profile3.67% yield
- Dividend Calculator
- Dividend Forecast
- Dividend Capture
- Stock Split History1 split
How this company returns cash to shareholders — buybacks, dividends, and stock splits.