AVB Balance Sheet (2009-2025) | AVB

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Balance Sheet	Mar2009	Jun2009	Sep2009	Dec2009	Mar2010	Jun2010	Sep2010	Dec2010	Mar2011	Jun2011	Sep2011	Dec2011	Mar2012	Jun2012	Sep2012	Dec2012	Mar2013	Jun2013	Sep2013	Dec2013	Mar2014	Jun2014	Sep2014	Dec2014	Mar2015	Jun2015	Sep2015	Dec2015	Mar2016	Jun2016	Sep2016	Dec2016	Mar2017	Jun2017	Sep2017	Dec2017	Mar2018	Jun2018	Sep2018	Dec2018	Mar2019	Jun2019	Sep2019	Dec2019	Mar2020	Jun2020	Sep2020	Dec2020	Mar2021	Jun2021	Sep2021	Dec2021	Mar2022	Jun2022	Sep2022	Dec2022	Mar2023	Jun2023	Sep2023	Dec2023	Mar2024	Jun2024	Sep2024	Dec2024	Mar2025	Jun2025	Sep2025	Dec2025
Real Estate - Gross (Quarter)		7.27B	7.46B	7.42B	7.53B	7.70B	7.94B	8.17B				8.65B	8.41B	8.58B	8.86B	8.50B	15.65B	14.89B	14.75B	14.60B	15.16B	15.53B	15.92B	16.01B	16.32B	16.59B	16.91B	17.15B	17.66B	17.92B	18.40B	18.79B	19.02B	19.27B	19.85B	20.56B	20.60B	20.52B	20.67B	20.42B	20.59B	20.88B	21.24B	21.80B	22.03B	22.17B	22.40B	22.55B	22.80B	22.96B	23.35B	23.80B	24.05B	24.17B	24.34B	24.62B	24.70B	24.78B	24.97B	25.40B	25.66B	25.77B	26.28B	26.73B	26.96B	27.08B	27.46B	27.76B
Accumulated Depreciation (Quarter)		1.46B	1.48B	1.47B	1.53B	1.59B	1.65B	1.71B				1.78B	1.90B	1.95B	2.01B	1.95B	2.14B	2.33B	2.45B	2.46B	2.61B	2.70B	2.80B	2.85B	2.99B	3.09B	3.21B	3.30B	3.43B	3.54B	3.59B	3.74B	3.85B	3.97B	4.08B	4.22B	4.35B	4.46B	4.59B	4.60B	4.75B	4.87B	5.00B	5.16B	5.33B	5.49B	5.64B	5.70B	5.86B	5.91B	6.06B	6.21B	6.39B	6.54B	6.67B	6.88B	7.06B	7.19B	7.35B	7.52B	7.72B	7.81B	7.99B	8.16B	8.35B	8.42B	8.56B	8.69B
Real Estate - Net (Quarter)		5.81B	5.98B	5.94B	6.00B	6.84B	6.92B	6.46B				7.43B	7.54B	6.63B	6.85B	6.56B	12.65B	12.56B	14.28B	12.14B	14.45B	12.84B	13.12B	14.94B	13.33B	0.02B	0.02B	0.02B	14.23B	14.38B	14.81B	17.03B	0.02B	0.02B	0.02B	0.02B	16.25B	16.06B	16.08B	15.82B	15.84B	16.01B	16.23B	16.63B	18.41B	16.68B	18.30B	16.85B	18.25B	17.05B	18.37B	17.59B	17.66B	17.62B	18.95B	17.74B	19.04B	17.58B	19.14B	17.87B	19.37B	19.41B	19.57B	18.57B	18.60B	18.66B	20.53B	20.81B
Assets
Current Assets
Cash & Equivalents (Quarter)	0.09B	0.22B	0.55B	0.10B	0.12B	0.37B	0.23B	0.30B	0.29B	0.29B	0.69B	0.62B	0.25B	0.36B	0.66B	2.73B	0.45B	0.11B	0.11B	0.28B	0.39B	0.43B	0.44B	-0.51B	0.19B	0.07B	0.32B	0.51B	0.10B	0.18B	0.07B	0.21B	0.12B	0.05B	0.04B	0.07B	0.14B	0.10B	0.06B	0.09B	0.06B	0.24B	0.25B	0.04B	0.78B	0.32B	0.09B	0.22B	0.13B	0.30B	0.32B	0.42B	0.34B	0.15B	0.20B	0.61B	0.25B	0.77B	0.51B	0.40B	0.29B	0.55B	0.55B	0.11B	0.05B	0.10B	0.12B	0.19B
Receivables - Net (Quarter)																																0.02B
Receivables - Other (Quarter)				0.00B	0.00B	0.00B		0.00B	0.00B	0.00B	0.01B											0.01B		0.01B			0.01B	0.01B				0.03B	0.03B	0.04B	0.04B	0.04B	0.04B	0.02B	0.01B	0.01B	0.01B	0.01B		0.01B				0.00B
Receivables (Quarter)																																0.05B
Finished Goods (Quarter)												0.17B	0.04B			0.27B			0.28B
Inventory (Quarter)		6.82B	6.86B																																								0.45B	0.46B	0.37B	0.31B	0.30B	0.27B	0.25B	0.22B	0.17B	0.15B	0.11B	0.07B	0.04B	0.03B
Prepaid Assets (Quarter)		0.09B	0.11B	0.09B	0.09B	0.09B	0.11B	0.13B				0.14B	0.14B	0.15B	0.15B	0.14B	0.16B	0.18B	0.20B	0.20B	0.18B	0.21B	0.21B	0.20B	0.23B	0.21B	0.20B	0.20B	0.21B	0.21B	0.23B	0.26B	0.29B	0.27B	0.28B	0.25B	0.25B	0.22B	0.20B	0.13B	0.14B	0.17B	0.17B	0.16B	0.17B	0.18B	0.21B	0.21B	0.20B	0.22B	0.24B	0.21B	0.22B	0.25B	0.27B	0.32B	0.30B	0.33B	0.36B	0.40B	0.44B	0.46B	0.51B	0.54B	0.56B	0.61B	0.64B	0.62B
Non-Current Assets
Buildings (Quarter)		5.87B	6.03B	5.98B	6.07B	6.21B	6.41B	6.62B				6.57B	6.80B	6.96B	7.17B	6.85B	11.19B	11.25B	11.12B	11.01B	11.46B	11.74B	12.10B	12.19B	12.41B	12.63B	12.87B	13.06B	13.43B	13.64B	13.99B	14.31B	14.50B	14.72B	15.18B	15.71B	15.73B	15.69B	15.81B	15.65B	15.78B	15.99B	16.26B	16.67B	16.82B	16.92B	17.09B	17.23B	17.44B	17.55B	17.84B	18.20B	18.39B	18.47B	18.59B	18.80B	18.85B	18.91B	19.04B	19.44B	19.64B	19.68B	20.07B	20.45B	20.63B	20.73B	21.03B	21.25B
Construction in Progress (Quarter)		0.78B	0.61B	0.53B	0.58B	0.49B	0.40B	0.31B				0.60B	0.69B	0.68B	0.73B	0.80B	1.00B	1.15B	1.42B	1.58B	1.65B	1.48B	1.34B	1.42B	1.46B	1.54B	1.54B	1.59B	1.59B	1.54B	1.44B	1.88B	1.79B	1.74B	1.56B	1.31B	1.38B	1.53B	1.65B	1.77B	1.86B	1.94B	1.41B	1.30B	1.27B	1.27B	1.20B	0.99B	0.82B	0.77B	0.79B	0.81B	0.76B	0.80B	1.01B	1.07B	1.21B	1.20B	1.32B	1.27B	1.21B	1.12B	1.09B	1.04B	1.20B	1.40B	1.43B	1.46B
Land & Improvements (Quarter)				1.25B		1.29B	1.33B	8.66B				1.31B	1.38B	1.38B	1.44B	1.41B	3.29B	3.31B	3.30B	3.32B	3.35B			3.41B	3.49B	3.52B	3.58B	3.64B	3.74B	3.79B	3.89B	3.94B	3.98B	3.99B	4.07B	4.24B	4.23B	4.19B	4.19B	4.08B	4.07B	4.14B	4.19B	4.30B	4.34B	4.36B	4.39B	4.39B	4.42B	4.44B	4.51B	4.56B	4.59B	4.60B	4.63B	4.64B	4.65B	4.65B	4.67B	4.72B	4.74B	4.78B	4.85B	4.89B	4.90B	4.89B	4.92B	4.96B
Long-Term Investments (Quarter)		0.07B	0.06B	0.07B	0.07B	0.07B	0.09B	0.12B				0.14B	0.15B	0.14B	0.14B	0.13B	0.37B	0.37B	0.35B	0.37B	0.35B	0.32B	0.30B	0.30B	0.26B	0.26B	0.27B	0.22B	0.18B	0.33B	0.18B	0.18B	0.18B	0.17B	0.16B	0.16B	0.16B	0.17B	0.17B	0.07B	0.21B	0.21B	0.21B	0.17B	0.17B	0.18B	0.19B	0.20B	0.21B	0.23B	0.20B	0.22B	0.22B	0.22B	0.22B	0.21B	0.22B	0.22B	0.22B	0.22B	0.22B	0.22B	0.23B	0.23B	0.23B	0.23B	0.21B	0.19B
Other Non-Current Assets (Quarter)		0.24B	0.22B	0.12B	0.09B	0.02B	0.23B	0.08B				0.02B	0.02B	0.29B	0.30B	0.02B	0.03B	0.09B	0.03B	0.03B	0.25B	0.20B	0.18B	0.18B	0.54B	0.03B		0.10B	0.02B	0.51B	0.17B	0.11B	0.25B	0.24B	0.18B	0.13B	0.13B	0.25B	0.23B	0.13B	0.13B	0.09B	0.09B	0.09B	0.09B	0.09B	0.09B	0.10B	0.10B	0.19B	0.11B	0.12B	0.11B	0.11B	0.29B	0.12B	0.12B	0.18B	0.27B	0.13B	0.14B	0.22B	0.24B	0.15B	0.17B	0.10B	0.07B	0.17B
Assets (Quarter)		7.57B	7.95B	7.46B	7.51B	7.70B	7.67B	7.82B				8.48B	8.24B	8.41B	8.97B	11.16B	15.19B	14.97B	15.15B	15.33B	15.57B	15.66B	15.88B	16.14B	16.26B	16.32B	16.78B	16.93B	17.04B	17.40B	17.59B	17.87B	17.98B	17.94B	18.18B	18.41B	18.65B	18.67B	18.66B	18.38B	18.64B	18.93B	19.06B	19.12B	19.89B	19.35B	19.14B	19.20B	19.12B	19.32B	19.48B	19.90B	19.87B	19.77B	20.16B	20.46B	20.17B	20.81B	20.70B	20.68B	20.64B	21.04B	21.31B	21.00B	21.22B	21.84B	21.95B	22.19B
Liabilities
Current Liabilities
Accounts Payables (Quarter)		0.06B	0.05B	0.05B	0.05B	0.04B	0.04B	0.03B				0.04B	0.04B	0.04B	0.05B	0.05B	0.05B	0.08B	0.08B	0.09B	0.09B	0.10B	0.10B	0.10B	0.09B	0.11B	0.10B	0.10B	0.10B	0.10B	0.10B	0.10B	0.10B	0.09B	0.08B	0.09B	0.08B	0.09B	0.09B	0.10B	0.10B	0.10B	0.09B	0.09B	0.09B	0.08B	0.09B	0.09B	0.08B	0.07B	0.06B	0.06B	0.07B	0.06B	0.07B	0.07B	0.08B	0.09B	0.10B	0.09B	0.09B	0.08B	0.08B	0.09B	0.08B	0.10B	0.10B	0.09B
Notes Payables (Quarter)																		0.14B																																					0.05B				0.07B						0.23B	0.67B	0.23B	0.74B
Dividends payables (Quarter)		0.07B	0.07B	0.07B	0.07B	0.08B	0.08B	0.08B				0.08B	0.09B	0.09B	0.09B	0.11B	0.14B	0.14B	0.14B	0.14B	0.15B	0.15B	0.15B	0.15B	0.17B	0.17B	0.17B	0.17B	0.19B	0.19B	0.19B	0.19B	0.20B	0.20B	0.20B	0.20B	0.20B	0.20B	0.20B	0.20B	0.21B	0.21B	0.21B	0.21B	0.22B	0.22B	0.22B	0.22B	0.22B	0.22B	0.22B	0.22B	0.22B	0.22B	0.22B	0.22B	0.23B	0.24B	0.24B	0.24B	0.24B	0.24B	0.24B	0.24B	0.25B	0.25B	0.25B	0.25B
Payables (Quarter)		0.13B	0.12B	0.12B	0.12B	0.12B	0.11B	0.11B				0.12B	0.14B	0.14B	0.15B	0.16B	0.19B	0.37B	0.22B	0.23B	0.24B	0.25B	0.25B	0.26B	0.26B	0.28B	0.27B	0.27B	0.28B	0.29B	0.29B	0.29B	0.29B	0.29B	0.28B	0.28B	0.29B	0.30B	0.30B	0.30B	0.31B	0.32B	0.31B	0.31B	0.32B	0.31B	0.31B	0.32B	0.31B	0.29B	0.28B	0.29B	0.29B	0.28B	0.35B	0.30B	0.32B	0.32B	0.40B	0.33B	0.33B	0.33B	0.33B	0.33B	0.56B	1.02B	0.59B	1.08B
Accumulated Expenses (Quarter)		0.23B	0.03B	0.23B	0.24B	0.03B	0.02B	0.25B				0.03B	0.02B	0.25B	0.02B	0.03B	0.02B	0.22B	0.25B	0.04B	0.24B	0.04B	0.03B	0.04B	0.03B	0.24B	0.04B	0.04B	0.30B	0.31B	0.34B	0.27B	0.29B	0.03B	0.31B	0.31B	0.30B	0.05B	0.07B	0.30B	0.28B	0.05B	0.30B	0.27B	0.06B	0.04B	0.06B	0.05B	0.06B	0.30B	0.06B	0.05B	0.07B	0.05B	0.34B	0.05B	0.07B	0.06B	0.36B	0.31B	0.07B	0.06B	0.40B	0.36B	0.08B	0.36B	0.08B	0.07B
Non-Current Liabilities
Non-Current Debt (Quarter)					2.29B	1.66B	2.29B					1.97B	1.93B			1.91B		0.14B	2.25B	2.59B	3.54B			3.51B	3.04B	2.92B	2.74B	3.85B	2.66B	2.51B	0.17B			1.48B	0.24B			1.42B	6.15B	1.13B			1.00B	0.94B	0.75B	6.70B	0.86B		6.70B	0.83B	6.95B	7.35B			0.71B	0.71B				7.26B				0.72B				7.88B
Minority Interest (Quarter)		0.01B	0.00B		0.01B	0.01B	0.00B	0.01B				0.01B	0.01B	0.01B	0.01B	0.00B	0.02B	0.00B	0.00B	0.02B	0.00B		0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B					0.22B	0.22B	0.22B
Liabilities from Discontinued Operations (Quarter)			0.00B	0.00B	0.00B							0.04B	0.03B			0.01B			0.01B	0.02B			0.00B	0.00B	0.00B	0.00B		0.00B		0.00B	0.00B	0.00B		0.00B	0.00B		0.00B	0.00B	0.00B	0.00B	0.00B	0.00B		0.00B	0.00B			0.00B	0.00B		0.00B	0.00B		0.00B	0.00B
Operating Leases (Quarter)																																									0.14B	0.14B	0.14B	0.14B	0.19B	0.18B	0.18B	0.18B	0.18B	0.18B	0.17B	0.17B	0.17B	0.17B	0.17B	0.16B	0.16B	0.15B	0.15B	0.15B	0.15B	0.15B	0.18B	0.17B	0.17B	0.17B	0.17B	0.17B
Other Non-Current Liabilities (Quarter)		0.04B	0.04B	0.03B	0.03B	0.03B	0.03B	0.03B				0.04B	0.04B	0.04B	0.04B	0.04B	0.05B	0.05B	0.05B	0.04B	0.05B	0.05B	0.05B	0.05B	0.05B	0.05B	0.05B	0.05B	0.06B	0.06B	0.06B	0.06B	0.06B	0.06B	0.06B	0.06B	0.06B	0.06B	0.06B	0.06B	0.06B	0.06B	0.06B	0.06B	0.06B	0.06B	0.06B	0.06B	0.06B	0.06B	0.06B	0.06B	0.06B	0.06B	0.06B	0.06B	0.06B	0.07B	0.06B	0.06B	0.06B	0.07B	0.06B	0.06B	0.06B	0.06B	0.06B	0.06B
Total Non-Current Liabilities (Quarter)		4.54B	4.82B	4.37B	4.33B	4.33B	4.33B	4.46B				4.04B	3.81B	3.78B	4.20B	4.28B	6.46B	6.34B	6.61B	6.67B	6.90B	6.77B	6.77B	7.03B	7.11B	7.05B	6.89B	7.03B	7.13B	7.47B	7.48B	7.63B	7.65B	7.59B	7.78B	7.96B	8.25B	8.21B	8.20B	7.69B	7.84B	8.12B	8.18B	8.07B	8.91B	8.42B	8.41B	8.39B	8.39B	8.35B	8.63B	8.91B	8.83B	8.78B	8.89B	9.14B	8.94B	8.92B	8.86B	8.83B	8.86B	9.23B	9.36B	9.00B	9.24B	9.60B	9.73B	10.30B
Total Liabilities (Quarter)		4.58B	4.86B	4.40B	4.37B	4.36B	4.36B	4.49B				4.07B	3.84B	3.82B	4.24B	4.31B	6.51B	6.39B	6.65B	6.71B	6.95B	6.82B	6.82B	7.08B	7.16B	7.10B	6.94B	7.08B	7.19B	7.53B	7.54B	7.69B	7.70B	7.65B	7.84B	8.02B	8.31B	8.27B	8.26B	7.74B	7.90B	8.18B	8.24B	8.13B	8.98B	8.48B	8.47B	8.44B	8.45B	8.40B	8.69B	8.97B	8.89B	8.85B	8.95B	9.20B	9.00B	8.99B	8.92B	8.89B	8.93B	9.30B	9.42B	9.06B	9.30B	9.67B	9.79B	10.36B
Shareholder's Equity
Total Debt (Quarter)					2.29B	1.66B	2.29B					1.97B	1.93B			1.91B		0.14B	2.25B	2.59B	3.54B			3.51B	3.04B	2.92B	2.74B	3.85B	2.66B	2.51B	0.17B			1.48B	0.24B			1.42B	6.15B	1.13B			1.00B	0.94B	0.75B	6.70B	0.86B		6.70B	0.83B	6.95B	7.35B			0.71B	0.71B				7.26B				0.72B				7.88B
Common Equity (Quarter)		2.99B	3.08B	3.05B	3.14B	3.33B	3.30B	3.32B				4.40B	4.39B	4.58B	4.72B	6.84B	8.66B	8.56B	8.47B	8.60B	8.61B	8.82B	9.05B	9.05B	9.10B	9.21B	9.83B	9.84B	9.85B	9.86B	10.04B	10.17B	10.27B	10.28B	10.33B	10.39B	10.34B	10.40B	10.40B	10.63B	10.73B	10.75B	10.82B	10.99B	10.91B	10.87B	10.67B	10.75B	10.67B	10.91B	10.79B	10.93B	10.98B	10.92B	11.21B	11.25B	11.17B	11.82B	11.78B	11.78B	11.71B	11.74B	11.88B	11.94B	11.92B	12.17B	11.94B	11.61B
Shareholder's Equity (Quarter)		2.99B	3.08B	3.05B	3.14B	3.33B	3.30B	3.32B				4.40B	4.39B	4.58B	4.72B	6.84B	8.66B	8.56B	8.47B	8.60B	8.61B	8.82B	9.05B	9.05B	9.10B	9.21B	9.83B	9.84B	9.85B	9.86B	10.04B	10.17B	10.27B	10.28B	10.33B	10.39B	10.34B	10.40B	10.40B	10.63B	10.73B	10.75B	10.82B	10.99B	10.91B	10.87B	10.67B	10.75B	10.67B	10.91B	10.79B	10.93B	10.98B	10.92B	11.21B	11.25B	11.17B	11.82B	11.78B	11.78B	11.71B	11.74B	11.88B	11.94B	11.92B	12.17B	11.94B	11.61B
Liabilities and Shareholders Equity (Quarter)		7.57B	7.95B	7.46B	7.51B	7.70B	7.67B	7.82B				8.48B	8.24B	8.41B	8.97B	11.16B	15.19B	14.97B	15.15B	15.33B	15.57B	15.66B	15.88B	16.14B	16.26B	16.32B	16.78B	16.93B	17.04B	17.40B	17.59B	17.87B	17.98B	17.94B	18.18B	18.41B	18.65B	18.67B	18.66B	18.38B	18.64B	18.93B	19.06B	19.12B	19.89B	19.35B	19.14B	19.20B	19.12B	19.32B	19.48B	19.90B	19.87B	19.77B	20.16B	20.46B	20.17B	20.81B	20.70B	20.68B	20.64B	21.04B	21.31B	21.00B	21.22B	21.84B	21.95B	22.19B
Retained Earnings (Quarter)		-0.00B	-0.11B	-0.15B	-0.00B	-0.18B	-0.23B	-0.00B				-0.17B	-0.21B	-0.10B	-0.11B	-0.14B	-0.21B	-0.11B	-0.05B	-0.35B	-0.05B	-0.35B	-0.04B	-0.04B	-0.22B	-0.04B	-0.18B	-0.20B	-0.08B	-0.10B	-0.10B	0.09B	0.13B	0.10B	-0.04B	0.19B	0.13B	0.18B	-0.02B	0.35B	0.31B	0.26B	-0.05B	0.28B	0.23B	-0.05B	0.03B	0.13B	-0.04B	-0.04B	-0.03B	0.24B	0.28B	0.20B	0.00B	0.49B	0.40B	0.01B	0.47B	0.02B	0.02B	0.42B	0.03B	0.03B	0.03B	0.03B	0.64B	0.03B
Treasury Shares (Quarter)				0.00B				0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B		0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B
Shares Outstanding (Quarter)		0.08B	0.08B	0.08B	0.08B	0.09B	0.09B	0.09B	0.09B	0.09B	0.10B	0.10B	0.10B	0.10B	0.10B	0.11B	0.13B	0.13B	0.13B	0.13B	0.13B	0.13B	0.13B	0.13B	0.13B	0.13B	0.14B	0.14B	0.14B	0.14B	0.14B	0.14B	0.14B	0.14B	0.14B	0.14B	0.14B	0.14B	0.14B	0.14B	0.14B	0.14B	0.14B	0.14B	0.14B	0.14B	0.14B	0.14B	0.14B	0.14B	0.14B	0.14B	0.14B	0.14B	0.14B	0.14B	0.14B	0.14B	0.14B	0.14B	0.14B	0.14B	0.14B	0.14B	0.14B	0.14B	0.14B	0.14B

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AVB Balance Sheet (2009-2025) | AVB

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