KPIs & Operating Metrics(New)

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

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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
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