Avalonbay Communities (AVB) Operating Expenses (2009 - 2026)
Avalonbay Communities (AVB) reported Operating Expenses of $623.2 million for Q1 2026, up 9.12% on a YoY basis from $571.1 million in Q1 2025, and up 2.36% quarter-over-quarter from $608.9 million in Q4 2025.
Avalonbay Communities (AVB) Operating Expenses (2009 - 2026) Analysis & Trends
Avalonbay Communities has reported Operating Expenses for 18 years, with the latest figure 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.
- The five-year high for Operating Expenses was $623.2 million in Q1 2026, with the low at $498.8 million in Q1 2022.
- Historically, Operating Expenses has averaged $555.8 million across 5 years, with a median of $545.8 million in 2023.
- Annual changes were most pronounced in 2023 — Operating Expenses rose 1.35% — and 2025, when it rose 9.93%.
- Avalonbay Communities' Operating Expenses 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 increased 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 | 24.79 Bn | 25.01 Bn | - | 623.23 Mn |
| 2 | Equity Residential | 24.35 Bn | 24.48 Bn | - | -1.66 Bn |
| 3 | Invitation Homes | 17.23 Bn | 17.27 Bn | 694.98 Mn | 654.71 Mn |
| 4 | Mid America Apartment Communities | 15.51 Bn | 15.59 Bn | 537.05 Mn | 205.74 Mn |
| 5 | Sun Communities | 14.54 Bn | 14.65 Bn | 491.20 Mn | 484.40 Mn |
| 6 | American Homes 4 Rent | 13.37 Bn | 13.94 Bn | - | 384.36 Mn |
| 7 | Udr | 12.30 Bn | 12.30 Bn | 416.43 Mn | 353.46 Mn |
| 8 | Equity Lifestyle Properties | 12.06 Bn | 12.12 Bn | 393.79 Mn | 285.25 Mn |
| 9 | Camden Property Trust | 11.45 Bn | 11.53 Bn | - | 140.07 Mn |
| 10 | Millrose Properties | 4.75 Bn | 4.75 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 |