AvalonBay Communities Inc. Files Q2 2024 10-Q
Ticker: AVB · Form: 10-Q · Filed: 2024-08-06T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, real-estate, REIT, financials
Related Tickers: AVB
TL;DR
AVB Q2 10-Q filed. Financials look steady, REIT performance detailed.
AI Summary
AvalonBay Communities Inc. filed its 10-Q for the period ending June 30, 2024. The company, a Real Estate Investment Trust, reported its financial performance for the second quarter of 2024. Key financial data and operational details are provided in this filing.
Why It Matters
This filing provides investors with a detailed look at AvalonBay's financial health and operational performance for the second quarter of 2024, impacting investment decisions.
Risk Assessment
Risk Level: medium — As a real estate investment trust, AvalonBay is subject to market fluctuations, interest rate changes, and property-specific risks.
Key Numbers
- 2024 Q2 — Reporting Period (Financial performance for the second quarter of 2024 is detailed.)
- 12/31 — Fiscal Year End (Indicates the end of the company's fiscal year.)
Key Players & Entities
- AVALONBAY COMMUNITIES INC (company) — Filer
- 20240630 (date) — Period of Report
- 7033296300 (dollar_amount) — Business Phone
FAQ
What is the primary business of AvalonBay Communities Inc.?
AvalonBay Communities Inc. is a Real Estate Investment Trust (REIT) primarily engaged in the ownership, development, and management of apartment communities.
What period does this 10-Q filing cover?
This 10-Q filing covers the period ending June 30, 2024.
Where is AvalonBay Communities Inc. headquartered?
AvalonBay Communities Inc. is headquartered at 4040 Wilson Boulevard, Suite 1000, Arlington, VA 22203.
What is the Standard Industrial Classification (SIC) code for AvalonBay Communities Inc.?
The SIC code for AvalonBay Communities Inc. is 6798, which corresponds to Real Estate Investment Trusts.
When was AvalonBay Communities Inc. incorporated?
AvalonBay Communities Inc. was incorporated in Maryland (MD).
From the Filing
0000915912-24-000015.txt : 20240806 0000915912-24-000015.hdr.sgml : 20240806 20240806132121 ACCESSION NUMBER: 0000915912-24-000015 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 71 CONFORMED PERIOD OF REPORT: 20240630 FILED AS OF DATE: 20240806 DATE AS OF CHANGE: 20240806 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AVALONBAY COMMUNITIES INC CENTRAL INDEX KEY: 0000915912 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 770404318 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-12672 FILM NUMBER: 241178289 BUSINESS ADDRESS: STREET 1: 4040 WILSON BOULEVARD STREET 2: STE 1000 CITY: ARLINGTON STATE: VA ZIP: 22203 BUSINESS PHONE: 7033296300 MAIL ADDRESS: STREET 1: 4040 WILSON BOULEVARD STREET 2: STE 1000 CITY: ARLINGTON STATE: VA ZIP: 22203 FORMER COMPANY: FORMER CONFORMED NAME: AVALON BAY COMMUNITIES INC DATE OF NAME CHANGE: 19980618 FORMER COMPANY: FORMER CONFORMED NAME: BAY APARTMENT COMMUNITIES INC DATE OF NAME CHANGE: 19931208 10-Q 1 avb-20240630.htm 10-Q avb-20240630 0000915912 12/31 2024 Q2 FALSE http://avalonbay.com/20240630#LeaseRightOfUseAsset http://avalonbay.com/20240630#LeaseRightOfUseAsset http://avalonbay.com/20240630#LeaseLiability http://avalonbay.com/20240630#LeaseLiability http://avalonbay.com/20240630#LeaseRightOfUseAsset http://avalonbay.com/20240630#LeaseRightOfUseAsset http://avalonbay.com/20240630#LeaseLiability http://avalonbay.com/20240630#LeaseLiability xbrli:shares iso4217:USD iso4217:USD xbrli:shares avb:community avb:home avb:state xbrli:pure avb:commitment avb:entity utr:sqft avb:defendant avb:property avb:Lease 0000915912 2024-01-01 2024-06-30 0000915912 2024-07-31 0000915912 2024-06-30 0000915912 2023-12-31 0000915912 2024-04-01 2024-06-30 0000915912 2023-04-01 2023-06-30 0000915912 2023-01-01 2023-06-30 0000915912 us-gaap:CommonStockMember 2023-12-31 0000915912 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0000915912 us-gaap:RetainedEarningsMember 2023-12-31 0000915912 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0000915912 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0000915912 2024-01-01 2024-03-31 0000915912 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0000915912 us-gaap:CommonStockMember 2024-01-01 2024-03-31 0000915912 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0000915912 us-gaap:CommonStockMember 2024-03-31 0000915912 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0000915912 us-gaap:RetainedEarningsMember 2024-03-31 0000915912 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0000915912 2024-03-31 0000915912 us-gaap:RetainedEarningsMember 2024-04-01 2024-06-30 0000915912 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-04-01 2024-06-30 0000915912 us-gaap:AdditionalPaidInCapitalMember 2023-04-01 2023-06-30 0000915912 us-gaap:AdditionalPaidInCapitalMember 2024-04-01 2024-06-30 0000915912 us-gaap:CommonStockMember 2024-06-30 0000915912 us-gaap:AdditionalPaidInCapitalMember 2024-06-30 0000915912 us-gaap:RetainedEarningsMember 2024-06-30 0000915912 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-06-30 0000915912 us-gaap:CommonStockMember 2022-12-31 0000915912 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0000915912 us-gaap:RetainedEarningsMember 2022-12-31 0000915912 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0000915912 2022-12-31 0000915912 us-gaap:RetainedEarningsMember 2023-01-01 2023-03-31 0000915912 2023-01-01 2023-03-31 0000915912 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-03-31 0000915912 us-gaap:CommonStockMember 2023-01-01 2023-03-31 0000915912 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-03-31 0000915912 us-gaap:CommonStockMember 2023-03-31 0000915912 us-gaap:AdditionalPaidInCapitalMember 2023-03-31 0000915912 us-gaap:RetainedEarningsMember 2023-03-31 0000915912 us-gaap:Accumulate