AvalonBay Communities Inc (AVB) - Net Assets
Based on the latest financial reports, AvalonBay Communities Inc (AVB) has net assets worth $12.23 Billion USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($22.30 Billion) and total liabilities ($10.07 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check AVB PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $12.23 Billion |
| % of Total Assets | 54.84% |
| Annual Growth Rate | 14.13% |
| 5-Year Change | 8.21% |
| 10-Year Change | 16.26% |
| Growth Volatility | 39.36 |
AvalonBay Communities Inc - Net Assets Trend (1994–2025)
This chart illustrates how AvalonBay Communities Inc's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see AvalonBay Communities Inc market capitalisation.
Annual Net Assets for AvalonBay Communities Inc (1994–2025)
The table below shows the annual net assets of AvalonBay Communities Inc from 1994 to 2025. Also explore AvalonBay Communities Inc (AVB) equity growth momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $11.83 Billion | -0.89% |
| 2024-12-31 | $11.94 Billion | +1.33% |
| 2023-12-31 | $11.78 Billion | +4.70% |
| 2022-12-31 | $11.26 Billion | +2.92% |
| 2021-12-31 | $10.94 Billion | +1.69% |
| 2020-12-31 | $10.75 Billion | -2.17% |
| 2019-12-31 | $10.99 Billion | +3.36% |
| 2018-12-31 | $10.64 Billion | +2.33% |
| 2017-12-31 | $10.39 Billion | +2.11% |
| 2016-12-31 | $10.18 Billion | +3.34% |
| 2015-12-31 | $9.85 Billion | +8.74% |
| 2014-12-31 | $9.06 Billion | +5.13% |
| 2013-12-31 | $8.62 Billion | +25.84% |
| 2012-12-31 | $6.85 Billion | +55.32% |
| 2011-12-31 | $4.41 Billion | +32.41% |
| 2010-12-31 | $3.33 Billion | +8.96% |
| 2009-12-31 | $3.06 Billion | +4.46% |
| 2008-12-31 | $2.93 Billion | -4.08% |
| 2007-12-31 | $3.05 Billion | +15.67% |
| 2006-12-31 | $2.64 Billion | +2.95% |
| 2005-12-31 | $2.56 Billion | +6.41% |
| 2004-12-31 | $2.41 Billion | +3.03% |
| 2003-12-31 | $2.34 Billion | +2.82% |
| 2002-12-31 | $2.27 Billion | -4.13% |
| 2001-12-31 | $2.37 Billion | -4.91% |
| 2000-12-31 | $2.49 Billion | +3.59% |
| 1999-12-31 | $2.41 Billion | +1.43% |
| 1998-12-31 | $2.37 Billion | +195.78% |
| 1997-12-31 | $801.83 Million | +91.24% |
| 1996-12-31 | $419.28 Million | +76.46% |
| 1995-12-31 | $237.60 Million | +20.79% |
| 1994-12-31 | $196.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to AvalonBay Communities Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 37755700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $371.16 Million | 3.20% |
| Common Stock | $1.40 Million | 0.01% |
| Other Components | $11.24 Billion | 96.79% |
| Total Equity | $11.61 Billion | 100.00% |
AvalonBay Communities Inc Competitors by Market Cap
The table below lists competitors of AvalonBay Communities Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Donaldson Company Inc
NYSE:DCI
|
$9.73 Billion |
|
Mazagon Dock Shipbuilders Limited
NSE:MAZDOCK
|
$9.74 Billion |
|
Insulet Corporation
NASDAQ:PODD
|
$9.74 Billion |
|
Equatorial Energia S.A
SA:EQTL3
|
$9.74 Billion |
|
Jinduicheng Molybdenum Co Ltd
SHG:601958
|
$9.73 Billion |
|
Krystal Biotech Inc
NASDAQ:KRYS
|
$9.72 Billion |
|
Getlink SE
PA:GET
|
$9.72 Billion |
|
Advanced Drainage Systems Inc
NYSE:WMS
|
$9.72 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in AvalonBay Communities Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 11,941,092,000 to 11,611,340,000, a change of -329,752,000 (-2.8%).
- Net income of 1,052,553,000 contributed positively to equity growth.
- Dividend payments of 992,333,000 reduced retained earnings.
- Share repurchases of 488,115,000 reduced equity.
- New share issuances of 86,645,000 increased equity.
- Other comprehensive income decreased equity by 34,304,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.05 Billion | +9.06% |
| Dividends Paid | $992.33 Million | -8.55% |
| Share Repurchases | $488.12 Million | -4.2% |
| Share Issuances | $86.64 Million | +0.75% |
| Other Comprehensive Income | $-34.30 Million | -0.3% |
| Other Changes | $45.80 Million | +0.39% |
| Total Change | $- | -2.76% |
Book Value vs Market Value Analysis
This analysis compares AvalonBay Communities Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.83x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 4.00x to 0.83x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | $17.05 | $68.14 | x |
| 1995-12-31 | $18.80 | $68.14 | x |
| 1996-12-31 | $22.90 | $68.14 | x |
| 1997-12-31 | $27.88 | $68.14 | x |
| 1998-12-31 | $44.64 | $68.14 | x |
| 1999-12-31 | $36.32 | $68.14 | x |
| 2000-12-31 | $36.17 | $68.14 | x |
| 2001-12-31 | $33.45 | $68.14 | x |
| 2002-12-31 | $31.43 | $68.14 | x |
| 2003-12-31 | $33.06 | $68.14 | x |
| 2004-12-31 | $33.00 | $68.14 | x |
| 2005-12-31 | $34.00 | $68.14 | x |
| 2006-12-31 | $34.04 | $68.14 | x |
| 2007-12-31 | $37.90 | $68.14 | x |
| 2008-12-31 | $37.59 | $68.14 | x |
| 2009-12-31 | $37.91 | $68.14 | x |
| 2010-12-31 | $39.34 | $68.14 | x |
| 2011-12-31 | $48.57 | $68.14 | x |
| 2012-12-31 | $69.86 | $68.14 | x |
| 2013-12-31 | $67.54 | $68.14 | x |
| 2014-12-31 | $69.03 | $68.14 | x |
| 2015-12-31 | $73.19 | $68.14 | x |
| 2016-12-31 | $74.05 | $68.14 | x |
| 2017-12-31 | $75.28 | $68.14 | x |
| 2018-12-31 | $76.91 | $68.14 | x |
| 2019-12-31 | $78.77 | $68.14 | x |
| 2020-12-31 | $76.58 | $68.14 | x |
| 2021-12-31 | $78.28 | $68.14 | x |
| 2022-12-31 | $80.42 | $68.14 | x |
| 2023-12-31 | $83.19 | $68.14 | x |
| 2024-12-31 | $83.82 | $68.14 | x |
| 2025-12-31 | $81.78 | $68.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently AvalonBay Communities Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.06%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 34.64%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 1.91x
- Recent ROE (9.06%) is above the historical average (8.16%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 3.81% | 23.44% | 0.08x | 1.98x | $-12.17 Million |
| 1995 | 4.84% | 20.57% | 0.12x | 2.01x | $-12.26 Million |
| 1996 | 4.76% | 23.76% | 0.12x | 1.73x | $-21.60 Million |
| 1997 | 4.91% | 21.78% | 0.14x | 1.66x | $-40.33 Million |
| 1998 | 4.08% | 25.43% | 0.09x | 1.74x | $-137.01 Million |
| 1999 | 7.27% | 34.05% | 0.12x | 1.75x | $-64.75 Million |
| 2000 | 8.62% | 36.73% | 0.13x | 1.80x | $-33.65 Million |
| 2001 | 10.76% | 47.59% | 0.11x | 2.02x | $17.54 Million |
| 2002 | 7.91% | 32.53% | 0.11x | 2.26x | $-45.84 Million |
| 2003 | 11.75% | 44.54% | 0.12x | 2.12x | $40.39 Million |
| 2004 | 9.21% | 33.89% | 0.13x | 2.12x | $-18.78 Million |
| 2005 | 12.68% | 49.20% | 0.13x | 2.03x | $68.21 Million |
| 2006 | 10.82% | 38.59% | 0.12x | 2.26x | $21.08 Million |
| 2007 | 11.83% | 46.72% | 0.11x | 2.23x | $55.49 Million |
| 2008 | 14.11% | 50.54% | 0.11x | 2.46x | $119.88 Million |
| 2009 | 5.09% | 18.75% | 0.11x | 2.44x | $-149.95 Million |
| 2010 | 5.27% | 20.80% | 0.11x | 2.35x | $-157.65 Million |
| 2011 | 10.02% | 49.06% | 0.11x | 1.92x | $726.50K |
| 2012 | 6.19% | 42.36% | 0.09x | 1.63x | $-260.91 Million |
| 2013 | 4.11% | 24.14% | 0.10x | 1.78x | $-506.47 Million |
| 2014 | 7.55% | 40.57% | 0.10x | 1.79x | $-222.35 Million |
| 2015 | 7.53% | 39.98% | 0.11x | 1.72x | $-243.01 Million |
| 2016 | 10.16% | 50.56% | 0.11x | 1.76x | $16.08 Million |
| 2017 | 8.44% | 40.62% | 0.12x | 1.77x | $-162.49 Million |
| 2018 | 9.16% | 42.66% | 0.12x | 1.73x | $-89.06 Million |
| 2019 | 7.15% | 33.81% | 0.12x | 1.74x | $-313.37 Million |
| 2020 | 7.70% | 35.96% | 0.12x | 1.79x | $-247.86 Million |
| 2021 | 9.18% | 43.76% | 0.12x | 1.82x | $-89.35 Million |
| 2022 | 10.10% | 43.83% | 0.13x | 1.82x | $11.15 Million |
| 2023 | 7.88% | 33.56% | 0.13x | 1.75x | $-249.51 Million |
| 2024 | 9.06% | 37.13% | 0.14x | 1.76x | $-112.12 Million |
| 2025 | 9.06% | 34.64% | 0.14x | 1.91x | $-108.58 Million |
Industry Comparison
This section compares AvalonBay Communities Inc's net assets metrics with peer companies in the REIT - Residential industry.
Industry Context
- Industry: REIT - Residential
- Average net assets among peers: $1,383,097,889
- Average return on equity (ROE) among peers: 4.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AvalonBay Communities Inc (AVB) | $12.23 Billion | 3.81% | 0.82x | $9.73 Billion |
| Apartment Investment and Management Co (AIV) | $792.18 Million | 9.56% | 1.75x | $323.68 Million |
| American Homes 4 Rent (AMH) | $6.72 Billion | 5.66% | 0.75x | $11.63 Billion |
| Bluerock Homes Trust Inc. (BHM) | $491.99 Million | -0.20% | 0.34x | $36.64 Million |
| BRT Realty Trust (BRT) | $177.20 Million | -6.74% | 3.01x | $262.57 Million |
| Clipper Realty Inc (CLPR) | $161.49 Million | -2.25% | 5.82x | $55.26 Million |
| Camden Property Trust (CPT) | $1.12 Billion | 5.45% | 1.18x | $10.04 Billion |
| Centerspace (CSR) | $696.46 Million | 6.99% | 1.00x | $954.41 Million |
| Elme Communities (ELME) | $796.14 Million | 2.98% | 1.67x | $143.95 Million |
| Equity Lifestyle Properties Inc (ELS) | $1.49 Billion | 17.66% | 2.57x | $11.81 Billion |
About AvalonBay Communities Inc
AvalonBay Communities, Inc., a member of S&P 500, is an equity REIT. The firm develops, redevelops, acquires and manages apartment communities in leading metropolitan areas in Boston, Massachusetts, the New York/New Jersey Metro area, the Mid-Atlantic, Seattle, Washington, and Northern and Southern California, as well as in the Company's expansion regions of Raleigh-Durham and Charlotte, North Ca… Read more