TacticScaleWhat AvalonBay Communities Does & How It Makes Money (AVB)
Updated October 2026 · reflects AvalonBay Communities's latest reported financials
S&P 500 apartment REIT that develops, owns, and manages communities. It earns most of its revenue from rent paid by residents of the apartment communities it owns or co-owns.
How AvalonBay Communities makes money
It earns most of its revenue from rent paid by residents of the apartment communities it owns or co-owns. It adds value over time by developing new communities and redeveloping existing ones. As a REIT, it distributes most of its taxable income to shareholders as dividends.
What AvalonBay Communities does
AvalonBay Communities is an S&P 500 equity REIT that develops, redevelops, acquires, and manages apartment communities. It is concentrated in leading US metros: Boston, the New York/New Jersey area, the Mid-Atlantic, Seattle, and Northern and Southern California. It is also expanding into Raleigh-Durham, Charlotte, Southeast Florida, Dallas, Austin, and Denver. As of June 30, 2026, the company owned or held interests in 322 communities with 99,072 apartment homes across 11 states and the District of Columbia. Of these, 27 communities were under development and one was under redevelopment. It was incorporated in Maryland in 1978 and is headquartered in Arlington, Virginia.
Products & services
- Apartment rental communities
- Multifamily residential development
- Apartment redevelopment
- Property acquisition and management
REITs are valued on funds from operations, not free cash flow — and TacticScale's fair value is built on free cash flow, so it doesn't publish a number here.
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Equity Residential (EQR) · Mid-America Apartment Communities (MAA) · Vivmark Residential (VMRK) · Independence Realty Trust (IRT) · Camden Property Trust (CPT)