Avalonbay Communities (AVB) Operating Expenses (2009 - 2026)
Avalonbay Communities (AVB) posted Operating Expenses of $623.2 million for Q1 2026, up 2.36% on a QoQ basis from $608.9 million in Q4 2025, and up 9.12% year-over-year from $571.1 million in Q1 2025.
Avalonbay Communities (AVB) Operating Expenses (2009 - 2026) Analysis & Trends
Avalonbay Communities' Operating Expenses history runs 18 years deep, the most recent figure standing at $623.2 million for Q1 2026.
- Quarterly Operating Expenses rose 9.12% year-over-year to $623.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $2.4 billion (up 7.84% YoY) and the FY2025 annual result came in at $2.4 billion, up 6.52% from the prior year.
- Operating Expenses was $623.2 million for Q1 2026 at Avalonbay Communities, 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.
- A 5-year average of $555.8 million and a median of $545.8 million in 2023 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2023 — Operating Expenses climbed 1.35% — and 2025, when it climbed 9.93%.
- Avalonbay Communities' Operating Expenses stood at $521.3 million in 2022, then rose by 3.47% to $539.4 million in 2023, then gained by 8.45% to $585.0 million in 2024, then climbed by 4.09% to $608.9 million in 2025, then gained by 2.36% to $623.2 million in 2026.
- Business Quant data shows AVB's Operating Expenses at $623.2 million in Q1 2026, $608.9 million in Q4 2025, and $612.4 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Avalonbay Communities | 26.48 Bn | 26.48 Bn | - | 623.23 Mn |
| 2 | Equity Residential | 25.80 Bn | 25.80 Bn | - | -1.66 Bn |
| 3 | Invitation Homes | 18.05 Bn | 18.05 Bn | 694.98 Mn | 654.71 Mn |
| 4 | Mid America Apartment Communities | 15.67 Bn | 15.54 Bn | 537.05 Mn | 205.74 Mn |
| 5 | Sun Communities | 14.96 Bn | 14.96 Bn | 491.20 Mn | 484.40 Mn |
| 6 | Udr | 13.01 Bn | 12.98 Bn | 416.43 Mn | 353.46 Mn |
| 7 | Equity Lifestyle Properties | 12.85 Bn | 12.85 Bn | 378.95 Mn | 285.25 Mn |
| 8 | American Homes 4 Rent | 12.22 Bn | 12.22 Bn | - | 401.95 Mn |
| 9 | Camden Property Trust | 11.94 Bn | 11.94 Bn | - | 140.07 Mn |
| 10 | Millrose Properties | 4.76 Bn | 4.76 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 |