Avalonbay Communities (AVB) Operating Expenses (2009 - 2026)
Avalonbay Communities' (AVB) quarterly Operating Expenses came in at $636.0 million in Q2 2026, up 6.03% YoY from $599.8 million in Q2 2025, and up 2.06% on a QoQ basis from $623.2 million in Q1 2026.
Avalonbay Communities (AVB) Operating Expenses (2009 - 2026) Analysis & Trends
Avalonbay Communities (AVB) has 18 years of Operating Expenses data on file, last reported at $636.0 million in Q2 2026.
- Quarterly Operating Expenses rose 6.03% year-over-year to $636.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $2.5 billion (up 6.88% YoY) and the FY2025 annual result came in at $2.4 billion, up 6.52% from the prior year.
- Operating Expenses advanced to $636.0 million in Q2 2026, from $623.2 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $636.0 million in Q2 2026 to a low of $498.8 million in Q1 2022.
- A 5-year average of $560.2 million and a median of $548.0 million in 2023 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2023 — Operating Expenses rose 1.35% — and 2025, when it rose 9.93%.
- Tracing AVB's Operating Expenses over 5 years: stood at $521.3 million in 2022, then grew by 3.47% to $539.4 million in 2023, then increased by 8.45% to $585.0 million in 2024, then gained by 4.09% to $608.9 million in 2025, then gained by 4.46% to $636.0 million in 2026.
- The last three Operating Expenses figures came in at $636.0 million (Q2 2026), $623.2 million (Q1 2026), and $608.9 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Avalonbay Communities | 26.11 Bn | 26.32 Bn | - | 636.04 Mn |
| 2 | Erp Operating Ltd Partnership | 23.87 Bn | 24.06 Bn | - | 566.18 Mn |
| 3 | Invitation Homes | 17.83 Bn | 17.83 Bn | 705.34 Mn | 657.51 Mn |
| 4 | Mid America Apartment Communities | 15.27 Bn | 15.14 Bn | 537.17 Mn | 218.72 Mn |
| 5 | Sun Communities | 14.91 Bn | 14.91 Bn | 460.10 Mn | 434.40 Mn |
| 6 | Equity Lifestyle Properties | 12.61 Bn | 12.61 Bn | 375.97 Mn | 298.46 Mn |
| 7 | American Homes 4 Rent | 12.34 Bn | 12.34 Bn | - | 397.77 Mn |
| 8 | Udr | 12.14 Bn | 12.14 Bn | 412.43 Mn | 345.25 Mn |
| 9 | Camden Property Trust | 11.01 Bn | 11.01 Bn | - | 140.94 Mn |
| 10 | Millrose Properties | 5.04 Bn | 5.04 Bn | - | 29.22 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 636.04 Mn |
| 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 |