Operating Income for AvalonBay Communities (AVB)
According to AvalonBay Communities's latest reported financial statements, the company's current operating income (TTM) is $893.04M USD. 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 .
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$893.04M
YoY change
-0.2%
5Y CAGR
+5.2%
Peak year (2024)
$915.75M
Cumulative operating income
$14.37B
Operating Income history chart for AvalonBay Communities (AVB) from 1994 to 2025
Operating Income history table for AvalonBay Communities (AVB) from 1994 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $913.86M | -0.2% | ||
| 2024 | $915.75M | +3.3% | ||
| 2023 | $886.28M | +12.9% | ||
| 2022 | $785.29M | +28.2% | ||
| 2021 | $612.70M | -13.8% | ||
| 2020 | $710.49M | -15.1% | ||
| 2019 | $836.90M | +1.3% | ||
| 2018 | $826.41M | +3.5% | ||
| 2017 | $798.48M | +1.7% | ||
| 2016 | $784.78M | +13.2% | ||
| 2015 | $693.09M | +13.3% | ||
| 2014 | $611.65M | +73.7% | ||
| 2013 | $352.11M | -3.8% | ||
| 2012 | $365.94M | +18.8% | ||
| 2011 | $308.15M | +17.9% | ||
| 2010 | $261.29M | -2.8% | ||
| 2009 | $268.95M | +0.8% | ||
| 2008 | $266.74M | -0.3% | ||
| 2007 | $267.60M | +6.1% | ||
| 2006 | $252.30M | +19.6% | ||
| 2005 | $211.03M | -3.1% | ||
| 2004 | $217.68M | +193.4% | ||
| 2003 | $74.18M | -91.6% | ||
| 2002 | $881.79M | +291.4% | ||
| 2001 | $225.29M | -9.2% | ||
| 2000 | $248.15M | +19.1% | ||
| 1999 | $208.41M | +40.1% | ||
| 1998 | $148.78M | -45.9% | ||
| 1997 | $274.80M | +1243.4% | ||
| 1996 | $20.46M | -76.3% | ||
| 1995 | $86.40M | +72.1% | ||
| 1994 | $50.20M | — |
Operating Income values are taken from AvalonBay Communities's reported income 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
In 2025, AvalonBay Communities (AVB) operating income totalled $913.86M – 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 the latest reading among the more recent periods of the dataset.
The highest annual operating income of $915.75M was reported in 2024. The lowest in the available history was $20.46M in 1996.
AvalonBay Communities (AVB) sits 7th of 8 Real Estate peers we track on this metric, against a peer median of $2.05B.
AvalonBay Communities Operating Income by Year
AvalonBay Communities Operating Income 2025: $913.86M
AvalonBay Communities operating income in 2025 was $913.86M, edged down 0.2% below 2024.
AvalonBay Communities Operating Income 2024: $915.75M
AvalonBay Communities operating income in 2024 was $915.75M, edged up 3.3% from 2023. This figure represents the highest annual value in the available history.
AvalonBay Communities Operating Income 2023: $886.28M
AvalonBay Communities operating income in 2023 was $886.28M, grew 12.9% from 2022.
AvalonBay Communities Operating Income 2022: $785.29M
AvalonBay Communities operating income in 2022 was $785.29M, grew 28.2% from 2021.
AvalonBay Communities Operating Income 2021: $612.70M
AvalonBay Communities operating income in 2021 was $612.70M.
See more financial history for AvalonBay Communities (AVB).
Sector peers — Operating Income
Companies in the same sector as AvalonBay Communities, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| American Tower Corporation (AMT) | $4.88B | Real Estate |
| Prologis, Inc. (PLD) | $3.54B | Real Estate |
| Simon Property Group, Inc. (SPG) | $3.18B | Real Estate |
| Public Storage (PSA) | $2.25B | Real Estate |
| Equinix, Inc. (EQIX) | $1.85B | Real Estate |
| Realty Income Corporation (O) | $1.63B | Real Estate |
| Digital Realty Trust, Inc. (DLR) | $658.49M | Real Estate |
| Welltower Inc. (WELL) | $355.17M | Real Estate |
Frequently asked questions
What is AvalonBay Communities's operating income?
- Latest reported operating income for AvalonBay Communities (AVB) is $893.04M (period ending March 31, 2026).
How has AvalonBay Communities operating income changed year-over-year?
- AvalonBay Communities (AVB) operating income changed -0.2% year-over-year on the latest annual filing.
What is the long-term growth rate of AvalonBay Communities operating income?
- AvalonBay Communities (AVB) operating income compound annual growth rate is +5.2% over the most recent 5 years available.
When did AvalonBay Communities operating income hit its highest annual value?
- AvalonBay Communities operating income reached its highest annual value of $915.75M in 2024.
What was AvalonBay Communities operating income in 2024?
- AvalonBay Communities (AVB) operating income in 2024 was $915.75M.
What was AvalonBay Communities operating income in 2025?
- AvalonBay Communities (AVB) operating income in 2025 was $913.86M.
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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