AVALONBAY COMMUNITIES INC
For the period ended Jun 30, 2026. Filed Jul 30, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Jul 30, 2026
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CONDENSED CONSOLIDATED BALANCE SHEETS AS OF JUNE 30, 2026 (UNAUDITED) AND DECEMBER 31, 2025
CONDENSED CONSOLIDATED BALANCE SHEETS
(Dollars in thousands, except per share data)
| June 30, 2026 | December 31, 2025 | |
|---|---|---|
| (unaudited) | ||
| ASSETS | ||
| Real estate: | ||
| Land and improvements | $5,007,247 | $4,960,568 |
| Buildings and improvements | 21,628,963 | 21,252,137 |
| Furniture, fixtures and equipment | 1,642,780 | 1,546,813 |
| 28,278,990 | 27,759,518 | |
| Less accumulated depreciation | (9,116,539) | (8,686,084) |
| Net operating real estate | 19,162,451 | 19,073,434 |
| Construction in progress, including land | 1,668,998 | 1,458,795 |
| Land held for development | 101,508 | 123,751 |
| Real estate assets held for sale, net | 41,942 | 150,262 |
| Total real estate, net | 20,974,899 | 20,806,242 |
| Cash and cash equivalents | 80,682 | 187,234 |
| Restricted cash | 165,436 | 165,849 |
| Unconsolidated investments | 199,046 | 193,441 |
| Deferred development costs | 75,440 | 73,237 |
| Prepaid expenses and other assets | 660,707 | 618,597 |
| Right of use lease assets | 144,141 | 147,537 |
| Total assets | $22,300,351 | $22,192,137 |
| LIABILITIES AND EQUITY | ||
| Unsecured debt, net | $7,408,395 | $7,879,380 |
| Variable rate unsecured credit facility and commercial paper, net | 915,786 | 739,608 |
| Mortgage notes payable, net | 700,599 | 709,564 |
| Dividends payable | 256,954 | 250,548 |
| Payables for construction | 113,585 | 92,267 |
| Accrued expenses and other liabilities | 385,901 | 391,973 |
| Lease liabilities | 162,444 | 165,200 |
| Accrued interest payable | 65,814 | 68,591 |
| Resident security deposits | 62,215 | 60,689 |
| Total liabilities | 10,071,693 | 10,357,820 |
| Commitments and contingencies | ||
| Equity: | ||
| Preferred stock, $0.01 par value; $25 liquidation preference; 50,000,000 shares authorized at June 30, 2026 and December 31, 2025; zero shares issued and outstanding at June 30, 2026 and December 31, 2025 | — | — |
| Common stock, $0.01 par value; 280,000,000 shares authorized at June 30, 2026 and December 31, 2025; 141,875,567 and 140,080,657 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively | 1,419 | 1,401 |
| Additional paid-in capital | 11,739,908 | 11,212,296 |
| Accumulated earnings less dividends | 242,188 | 371,157 |
| Accumulated other comprehensive income | 38,896 | 26,486 |
| Total stockholders' equity | 12,022,411 | 11,611,340 |
| Noncontrolling interests | 206,247 | 222,977 |
| Total equity | 12,228,658 | 11,834,317 |
| Total liabilities and equity | $22,300,351 | $22,192,137 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.