AvalonBay Communities, Inc. (AVB) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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AVB Revenue Growth
Revenue Breakdown (FY 2023)
AVB's revenue distribution by segment and geography for fiscal year 2023
By Product/Segment
AVB Revenue Analysis (2014–2025)
As of May 6, 2026, AvalonBay Communities, Inc. (AVB) generated trailing twelve-month (TTM) revenue of $3.04 billion, reflecting modest growth of +3.7% year-over-year. The most recent quarter (Q4 2025) recorded $767.9 million in revenue, up 0.4% sequentially.
Looking at the longer-term picture, AVB's 5-year compound annual growth rate (CAGR) stands at +5.7%, indicating steady revenue expansion. The company achieved its highest annual revenue of $3.04 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows AVB's business is primarily driven by Same Store (93%), Other Stabilized Communities (5%), and Development Redevelopment (2%). With over half of revenue concentrated in Same Store, the company maintains significant focus in this area while developing other growth vectors.
When compared to Real Estate sector peers including EQR (+3.7% YoY), ESS (+3.8% YoY), and UDR (+2.1% YoY), AVB has underperformed the peer group in terms of revenue growth. Compare AVB vs EQR →
AVB Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| AVBCurrent | $3.0B | +3.7% | +5.7% | 30.1% | |
 EQR | $3.1B | +3.7% | +3.8% | 36.3% | |
 ESS | $1.9B | +3.8% | +4.9% | 43.9% | |
 UDR | $1.7B | +2.1% | +6.6% | 18.8% | |
 CPT | $1.6B | -23.7% | +8.6% | 18.4% | |
 MAA | $2.2B | +0.8% | +5.7% | 28.0% |
AVB Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $3.04B | +4.3% | $2.04B | 67.0% | $913.9M | 30.1% |
| 2024 | $2.91B | +5.3% | $1.84B | 63.2% | $915.8M | 31.4% |
| 2023 | $2.77B | +6.7% | $1.78B | 64.3% | $886.3M | 32.0% |
| 2022 | $2.59B | +13.0% | $1.67B | 64.6% | $785.3M | 30.3% |
| 2021 | $2.29B | -0.3% | $1.44B | 62.8% | $612.7M | 26.7% |
| 2020 | $2.30B | -1.0% | $1.48B | 64.2% | $710.5M | 30.9% |
| 2019 | $2.32B | +1.8% | $1.56B | 67.0% | $836.9M | 36.0% |
| 2018 | $2.28B | +5.8% | $1.52B | 66.4% | $826.4M | 36.2% |
| 2017 | $2.16B | +5.5% | $1.44B | 66.5% | $798.5M | 37.0% |
| 2016 | $2.05B | +10.2% | $1.36B | 66.6% | $784.8M | 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's revenue growth accelerating or slowing?
AVB revenue growth slowed to +3.7%, below the 5-year CAGR of +5.7%. TTM revenue is $3.0B. The deceleration marks a shift from historical growth rates.
What is AVB's long-term revenue growth rate?
AvalonBay Communities, Inc.'s 5-year revenue CAGR of +5.7% reflects the variable expansion pattern. Current YoY growth of +3.7% is near this long-term average.
How is AVB's revenue distributed by segment?
AVB reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.