AvalonBay Communities, Inc. (AVB) Earnings History
Steady Earner32 years of earnings data (1994–2025) · Positive but moderate multi-year EPS trajectory
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AvalonBay Communities, Inc. (AVB) Earnings Overview
As of June 21, 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% |
| 2015 | $742M | +8.6% | $693M | $5.51 | 40.0% | 37.3% |
| 2014 | $684M | +93.6% | $612M | $5.21 | 40.6% | 36.3% |
| 2013 | $353M | -16.7% | $352M | $2.78 | 24.1% | 24.1% |
| 2012 | $424M | -4.0% | $366M | $4.32 | 42.4% | 36.6% |
| 2011 | $442M | +151.9% | $308M | $4.87 | 49.1% | 34.2% |
| 2010 | $175M | +12.6% | $261M | $2.07 | 20.8% | 31.0% |
| 2009 | $156M | -62.2% | $269M | $1.93 | 18.8% | 32.4% |
| 2008 | $411M | +14.9% | $267M | $5.17 | 50.5% | 32.8% |
| 2007 | $358M | +28.6% | $268M | $4.38 | 46.7% | 34.9% |
| 2006 | $278M | -13.6% | $252M | $3.42 | 38.6% | 35.0% |
| 2005 | $322M | +46.7% | $211M | $4.05 | 49.2% | 32.2% |
| 2004 | $220M | -19.1% | $218M | $2.92 | 33.9% | 33.6% |
| 2003 | $272M | +56.4% | $74M | $3.73 | 44.5% | 12.2% |
| 2002 | $174M | -30.3% | $882M | $2.23 | 32.5% | 165.2% |
| 2001 | $249M | +18.2% | $225M | $3.02 | 47.6% | 43.1% |
| 2000 | $211M | +22.2% | $248M | $2.53 | 36.7% | 43.3% |
| 1999 | $172M | +82.4% | $208M | $2.03 | 34.0% | 41.2% |
| 1998 | $94M | +142.5% | $149M | $1.84 | 25.4% | 40.1% |
| 1997 | $39M | +98.4% | $275M | $1.59 | 21.8% | 153.7% |
| 1996 | $20M | +70.7% | $20M | $1.02 | 23.8% | 24.8% |
| 1995 | $12M | +53.3% | $86M | $0.91 | 20.6% | 154.6% |
| 1994 | $8M | - | $50M | $0.65 | 23.4% | 156.9% |
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AVB — Frequently Asked Questions
Quick answers to the most common questions about buying AVB stock.
What is AVB earnings per share (EPS)?
AVB trailing twelve-month (TTM) diluted EPS is $7.41, reflecting -2.8% year-over-year growth. The 5-year EPS CAGR is +4.7%. Complete EPS history from 1994 to 2025 is available in the table on this page.
What is AvalonBay Communities, Inc.'s net income?
AvalonBay Communities, Inc. (AVB) trailing twelve-month net income is $1.1B as of 2025. Earnings declined -2.8% year-over-year. AvalonBay Communities, Inc. has been profitable for 32 consecutive years.
Is AVB profitable?
Yes, AVB is profitable with a TTM net income of $1.1B and a net profit margin of +34.6%. AvalonBay Communities, Inc. has generated profits for 32 consecutive years.
What is AVB's earnings growth rate?
AVB compound annual EPS growth rates (CAGR): 1-Year: -2.8%, 3-Year: -3.1%, 5-Year: +4.7%, 10-Year: +3.0%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1994 to 2025.
What are AVB's profit margins?
AvalonBay Communities, Inc. net profit margin is +34.6%, operating margin is +30.1%, and gross margin is +67.0%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +8.9%.
Is AVB growing earnings?
AVB earnings growth is slowing. Current YoY EPS growth of -2.8% trails the 5-year CAGR of +4.7%. TTM net income is $1.1B.
What was AVB's best earnings year?
AvalonBay Communities, Inc.'s highest annual net income on record is $1.1B, achieved in fiscal year 2022. Earnings history on this page spans 1994 to 2025 and includes all annual and quarterly figures.
What were AVB's earnings last quarter?
AVB's most recent reported quarter was Q4 2025. Net income was $166M with diluted EPS of $1.17. For a full breakdown of all quarters, see the quarterly earnings table on this page.