AvalonBay Communities, Inc. (AVB) Earnings History
Annual and quarterly earnings data from 1994 to 2025
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AVB EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
AVB Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 67.0% | 30.1% | 34.6% |
| 2024 | 63.2% | 31.4% | 37.1% |
| 2023 | 64.3% | 32.0% | 33.6% |
| 2022 | 64.6% | 30.3% | 43.8% |
| 2021 | 62.8% | 26.7% | 43.8% |
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AvalonBay Communities, Inc. (AVB) Earnings Overview
As of May 6, 2026, AvalonBay Communities, Inc. (AVB) reported trailing twelve-month net income of $1.05B, reflecting -2.8% year-over-year growth. The company earned $7.41 per diluted share over the past four quarters, with a net profit margin of 34.6%.
Looking at the long-term picture, AVB's 5-year EPS compound annual growth rate (CAGR) stands at +4.7%, reflecting modest earnings expansion. The company achieved its highest annual net income of $1.14B in fiscal 2022.
AvalonBay Communities, Inc. maintains industry-leading profitability with a gross margin of 67.0%, operating margin of 30.1%, and net margin of 34.6%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including EQR ($954M net income, 36.1% margin), ESS ($576M net income, 35.4% margin), UDR ($491M net income, 22.1% margin), AVB has room to improve margins relative to the peer group. Compare AVB vs EQR →
AVB Earnings vs Peers
Earnings metrics vs comparable public companies
AVB Historical Earnings Data (1994–2025)
32 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.05B | -2.7% | $914M | $7.39 | 34.6% | 30.1% |
| 2024 | $1.08B | +16.5% | $916M | $7.60 | 37.1% | 31.4% |
| 2023 | $929M | -18.3% | $886M | $6.56 | 33.6% | 32.0% |
| 2022 | $1.14B | +13.2% | $785M | $8.11 | 43.8% | 30.3% |
| 2021 | $1.00B | +21.3% | $613M | $7.17 | 43.8% | 26.7% |
| 2020 | $828M | +5.3% | $710M | $5.88 | 36.0% | 30.9% |
| 2019 | $786M | -19.3% | $837M | $5.63 | 33.8% | 36.0% |
| 2018 | $975M | +11.1% | $826M | $7.05 | 42.7% | 36.2% |
| 2017 | $877M | -15.2% | $798M | $6.35 | 40.6% | 37.0% |
| 2016 | $1.03B | +39.3% | $785M | $7.52 | 50.6% | 38.4% |
Full AVB Stock Analysis
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Start ComparisonAVB — Frequently Asked Questions
Quick answers to the most common questions about buying AVB stock.
Is AVB growing earnings?
AVB EPS of $7.41 reflects slowing growth at -2.8%, below the 5-year CAGR of +4.7%. TTM net income is $1.1B. Expansion rate has moderated.
What are AVB's profit margins?
AvalonBay Communities, Inc. net margin is +34.6%, with operating margin at +30.1%. Above-average margins indicate pricing power.
How consistent are AVB's earnings?
AVB earnings data spans 1994-2025. The current earnings trend is -2.8% YoY. Historical data enables comparison across business cycles.