Avalonbay Communities (AVB) Operating Expenses (2009 - 2026)
Avalonbay Communities posted quarterly Operating Expenses of $623.2 million for Q1 2026, up 9.12% year-on-year from $571.1 million in Q1 2025, and up 2.36% on a QoQ basis from $608.9 million in Q4 2025.
Avalonbay Communities (AVB) has 18 years of Operating Expenses data on file, last reported at $623.2 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 9.12% year-over-year to $623.2 million; the trailing twelve-month figure through Mar 2026 stood at $2.4 billion (up 7.84% YoY), and the FY2025 full-year result was $2.4 billion, up 6.52% from the prior year.
- Operating Expenses for Q1 2026 stood at $623.2 million, up from $608.9 million in the prior quarter.
- Across five years, Operating Expenses topped out at $623.2 million in Q1 2026 and bottomed at $498.8 million in Q1 2022.
- The 5-year median for Operating Expenses is $545.8 million (2023), against an average of $555.8 million.
- The widest annual swing landed in 2023, when Operating Expenses rose 1.35%; it then rose 9.93% in 2025.
- A 5-year view of Operating Expenses shows it stood at $521.3 million in 2022, then increased by 3.47% to $539.4 million in 2023, then rose by 8.45% to $585.0 million in 2024, then advanced by 4.09% to $608.9 million in 2025, then rose by 2.36% to $623.2 million in 2026.
- The last three Operating Expenses figures came in at $623.2 million (Q1 2026), $608.9 million (Q4 2025), and $612.4 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Avalonbay Communities | 25.91 Bn | 26.13 Bn | - | 623.23 Mn |
| 2 | Equity Residential | 25.13 Bn | 25.27 Bn | - | -1.66 Bn |
| 3 | Invitation Homes | 17.75 Bn | 17.79 Bn | 694.98 Mn | 654.71 Mn |
| 4 | Sun Communities | 15.66 Bn | 15.77 Bn | 491.20 Mn | 484.40 Mn |
| 5 | Mid America Apartment Communities | 15.34 Bn | 15.42 Bn | 537.05 Mn | 205.74 Mn |
| 6 | American Homes 4 Rent | 13.60 Bn | 14.17 Bn | - | 384.36 Mn |
| 7 | Udr | 12.44 Bn | 12.44 Bn | 416.43 Mn | 353.46 Mn |
| 8 | Equity Lifestyle Properties | 12.31 Bn | 12.37 Bn | 393.79 Mn | 285.25 Mn |
| 9 | Camden Property Trust | 11.27 Bn | 11.34 Bn | - | 140.07 Mn |
| 10 | Millrose Properties | 4.59 Bn | 4.59 Bn | - | 28.85 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 623.23 Mn |
| Dec 31, 2025 | 608.86 Mn |
| Sep 30, 2025 | 612.43 Mn |
| Jun 30, 2025 | 599.85 Mn |
| Mar 31, 2025 | 571.14 Mn |
| Dec 31, 2024 | 584.96 Mn |
| Sep 30, 2024 | 565.01 Mn |
| Jun 30, 2024 | 545.66 Mn |
| Mar 31, 2024 | 550.24 Mn |
| Dec 31, 2023 | 539.37 Mn |
| Sep 30, 2023 | 545.76 Mn |
| Jun 30, 2023 | 515.90 Mn |
| Mar 31, 2023 | 529.33 Mn |
| Dec 31, 2022 | 521.27 Mn |
| Sep 30, 2022 | 527.39 Mn |
| Jun 30, 2022 | 509.01 Mn |
| Mar 31, 2022 | 498.77 Mn |
| Dec 31, 2021 | 481.63 Mn |
| Sep 30, 2021 | 508.37 Mn |
| Jun 30, 2021 | 474.27 Mn |
| Mar 31, 2021 | 462.43 Mn |
| Dec 31, 2020 | 464.13 Mn |
| Sep 30, 2020 | 455.89 Mn |
| Jun 30, 2020 | 443.98 Mn |
| Mar 31, 2020 | 463.28 Mn |
| Dec 31, 2019 | 430.98 Mn |
| Sep 30, 2019 | 427.81 Mn |
| Jun 30, 2019 | 428.77 Mn |
| Mar 31, 2019 | 409.34 Mn |
| Dec 31, 2018 | 437.84 Mn |
| Sep 30, 2018 | 420.49 Mn |
| Jun 30, 2018 | 421.00 Mn |
| Mar 31, 2018 | 420.90 Mn |
| Dec 31, 2017 | 399.82 Mn |
| Sep 30, 2017 | 392.46 Mn |
| Jun 30, 2017 | 410.47 Mn |
| Mar 31, 2017 | 391.51 Mn |
| Dec 31, 2016 | 375.37 Mn |
| Sep 30, 2016 | 372.46 Mn |
| Jun 30, 2016 | 363.24 Mn |
| Mar 31, 2016 | 349.98 Mn |
| Dec 31, 2015 | 335.92 Mn |
| Sep 30, 2015 | 325.02 Mn |
| Jun 30, 2015 | 307.34 Mn |
| Mar 31, 2015 | 339.82 Mn |
| Dec 31, 2014 | 318.47 Mn |
| Sep 30, 2014 | 320.12 Mn |
| Jun 30, 2014 | 310.26 Mn |
| Mar 31, 2014 | 301.88 Mn |
| Dec 31, 2013 | 311.05 Mn |
| Sep 30, 2013 | 408.40 Mn |
| Jun 30, 2013 | 377.17 Mn |
| Mar 31, 2013 | 297.56 Mn |
| Dec 31, 2012 | 202.27 Mn |
| Sep 30, 2012 | 198.66 Mn |
| Jun 30, 2012 | 196.91 Mn |
| Mar 31, 2012 | 194.53 Mn |
| Dec 31, 2011 | 165.56 Mn |
| Sep 30, 2011 | 215.70 Mn |
| Jun 30, 2011 | 200.74 Mn |
| Mar 31, 2011 | 197.82 Mn |
| Dec 31, 2010 | 173.41 Mn |
| Sep 30, 2010 | 199.02 Mn |
| Jun 30, 2010 | 191.70 Mn |
| Mar 31, 2010 | 195.48 Mn |
| Dec 31, 2009 | 196.57 Mn |
| Sep 30, 2009 | 187.73 Mn |
| Jun 30, 2009 | 199.69 Mn |
| Mar 31, 2009 | 170.05 Mn |