AvalonBay Communities Inc. Q3 2024 10-Q Filing
Ticker: AVB · Form: 10-Q · Filed: 2024-11-12T00:00:00.000Z
Sentiment: neutral
Topics: real-estate, REIT, quarterly-report
Related Tickers: AVB
TL;DR
AVB's Q3 10-Q is in - check financials for REIT performance.
AI Summary
AvalonBay Communities Inc. filed its 10-Q for the period ending September 30, 2024. The filing details the company's financial performance and operations for the third quarter and the first nine months of the year. Key financial data and operational metrics are presented, reflecting the company's real estate investment trust activities.
Why It Matters
This filing provides investors with a detailed look at AvalonBay's financial health and operational performance in the real estate sector, crucial for investment decisions.
Risk Assessment
Risk Level: medium — Real estate investment trusts are subject to market fluctuations, interest rate changes, and property-specific risks.
Key Numbers
- 2024-09-30 — Period End Date (Indicates the end of the reporting quarter.)
- 2023-12-31 — Previous Year End (Provides a comparison point to the prior fiscal year end.)
- 2024-07-01 to 2024-09-30 — Current Quarter (Defines the specific period for the Q3 financial results.)
Key Players & Entities
- AVALONBAY COMMUNITIES INC (company) — Filer
- 20240930 (date) — Period of Report
- 20241112 (date) — Filing Date
FAQ
What is the primary business of AvalonBay Communities Inc.?
AvalonBay Communities Inc. is a Real Estate Investment Trust (REIT) as indicated by its Standard Industrial Classification code [6798].
What period does this 10-Q filing cover?
This 10-Q filing covers the period ending September 30, 2024.
When was this 10-Q filing submitted to the SEC?
This 10-Q filing was submitted on November 12, 2024.
What is the company's principal executive office address?
The company's business address is 4040 Wilson Boulevard, Suite 1000, Arlington, VA 22203.
What are some of the financial reporting tags used in this filing?
The filing uses tags such as xbrli:shares, iso4217:USD, avb:community, avb:home, avb:state, and avb:Lease.
From the Filing
0000915912-24-000021.txt : 20241112 0000915912-24-000021.hdr.sgml : 20241112 20241112140845 ACCESSION NUMBER: 0000915912-24-000021 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 71 CONFORMED PERIOD OF REPORT: 20240930 FILED AS OF DATE: 20241112 DATE AS OF CHANGE: 20241112 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: 241446835 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-20240930.htm 10-Q avb-20240930 0000915912 12/31 2024 Q3 FALSE http://avalonbay.com/20240930#LeaseRightOfUseAsset http://avalonbay.com/20240930#LeaseRightOfUseAsset http://avalonbay.com/20240930#LeaseLiability http://avalonbay.com/20240930#LeaseLiability http://avalonbay.com/20240930#LeaseRightOfUseAsset http://avalonbay.com/20240930#LeaseRightOfUseAsset http://avalonbay.com/20240930#LeaseLiability http://avalonbay.com/20240930#LeaseLiability xbrli:shares iso4217:USD iso4217:USD xbrli:shares avb:community avb:home avb:state xbrli:pure avb:commitment avb:entity avb:developmentRight utr:sqft avb:defendant avb:property avb:Lease 0000915912 2024-01-01 2024-09-30 0000915912 2024-10-31 0000915912 2024-09-30 0000915912 2023-12-31 0000915912 2024-07-01 2024-09-30 0000915912 2023-07-01 2023-09-30 0000915912 2023-01-01 2023-09-30 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 2024-04-01 2024-06-30 0000915912 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-04-01 2024-06-30 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 2024-06-30 0000915912 us-gaap:RetainedEarningsMember 2024-07-01 2024-09-30 0000915912 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-07-01 2024-09-30 0000915912 us-gaap:AdditionalPaidInCapitalMember 2024-07-01 2024-09-30 0000915912 us-gaap:CommonStockMember 2024-09-30 0000915912 us-gaap:AdditionalPaidInCapitalMember 2024-09-30 0000915912 us-gaap:RetainedEarningsMember 2024-09-30 0000915912 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-09-30 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 20