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
DateValue
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