AVB at a glance
AvalonBay Communities (AVB, SEC CIK 915912) filed its latest 10-K annual report on February 27, 2026, a 10-Q quarterly report on July 30, 2026, an 8-K current report on August 17, 2026 and Form 4 insider filings as recently as August 17, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), AvalonBay Communities (AVB) reported revenue of $7.0 million (down 0.6% from FY2024) and net income of $1.1 billion. Diluted EPS was $7.40.
- As of June 30, 2026, 43 institutional investment managers tracked by SignalX reported holding AvalonBay Communities (AVB) shares worth $15.3 billion in 13F-HR filings.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $7.0M
- −0.6% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 43 funds
- $15.3B · +3 vs prior quarter
- Latest 8-K
- Aug 17, 2026
- Item 5.01 · Item 7.01 · Item 2.01 · Item 3.03 · Item 8.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Risk Factors
- RealPage antitrust litigation active in D.C., Maryland, and New Jersey courts; motions to dismiss denied or pending as of mid-2025
- Construction cost inflation risk amplified by federal tariffs and immigration enforcement changes affecting labor supply
- Rent control exposure in California (cap: lesser of 10% or 5%+CPI), Washington, and New York limiting revenue growth across core markets
- 4.5% of Current Community homes under income restrictions as of December 31, 2025, limiting rent upside on affected units
- Key-person dependency on executive officers in competitive real estate talent market with no guaranteed retention
Business Overview
- REIT owning/operating 292 apartment communities (88,768 homes) across established coastal markets plus expansion Sun Belt regions
- Expansion regions (Raleigh-Durham, Charlotte, SE Florida, Dallas, Austin, Denver) prioritized for acquisitions; 27 communities with 9,692 homes under development pipeline
- AI and automation increasingly embedded in operating model; centralized shared services center also generating third-party revenue since mid-2023
- 3,041 employees at January 31, 2026; ~61% on-site, none unionized; workforce 64% non-White by self-identification
- Heightened rent control risk flagged explicitly: California, Washington state laws cap renewal increases; wildfire emergency declarations further restricted pricing at some California communities
Management Discussion & Analysis
- Total revenue $3.04B, up $127M (+4.4% YoY), driven by rental income growth from stabilized operating communities
- Net income attributable to common stockholders $1.05B, down 2.8% YoY; Same Store Residential NOI margin pressured as expenses rose 3.8% vs revenue growth of 2.5%
- Best performer: Other Stabilized segment NOI +$56.9M; Same Store NOI +$34.6M (Mid-Atlantic region led at +3.5% revenue); worst: Southeast Florida and Denver both slightly negative YoY
- Operating cash flow $1.67B; capex $265M; dividends $992M; share buybacks $488M (2.68M shares at avg $182.20); net proceeds from dispositions $799M
- Key risks: rising interest expense (net +14.4% to $259M), $786M debt maturing 2026, inflation pressuring operating costs, and $880M commercial paper outstanding as of Jan 2026
AI summary of the AVB 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Revenue $777.8M, up 2.3% YoY from $760.2M
- Net income $155.7M, down 42.0% YoY from $268.7M
- Residential NOI $521.7M, up 4.6% YoY; Same Store NOI $488.6M, up 1.0%
- Best region Northern California revenue $230.8M, up 4.6%; worst Denver revenue $26.8M, down 3.5%
- Merger costs $12.4M; interest expense $70.1M, up 8.1% YoY
Risk Factors
- Newly added merger-completion risk triggered by the Equity Residential transaction, including required shareholder approvals and regulatory conditions
- Most material update: fixed 2.793 exchange ratio, with implied consideration ranging from $179.00 to $195.93 per AvalonBay share
- Regulatory and tax risk: IRS or courts could deny Section 368(a) reorganization treatment, creating taxable gains for U.S. holders
- Operational risk: integration of two multifamily REIT platforms may cause cybersecurity, systems, and service-interruption challenges
- Financial risk: potential $1.070 billion termination fee payable to Equity Residential under specified agreement terminations
AI summary of the AVB 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 5.01: Changes in Control of Registrant
- AvalonBay ceased as the surviving entity after merging into Vivmark-owned Merger Sub
- Vivmark became the parent company through Merger Sub’s ownership structure
Item 7.01: Regulation FD Disclosure
- Boilerplate Regulation FD disclaimer limiting Exchange Act Section 18 liability
- Disclosure not incorporated by reference into other SEC filings unless expressly stated
Item 2.01: Completion of Acquisition or Disposition of Assets
- AvalonBay ceased to exist at the merger effective time
- Vivmark became the parent company of the surviving merger entity
Item 3.03: Material Modification to Rights of Security Holders
- AvalonBay common shares were cancelled at closing and converted into merger consideration, eliminating existing AVB equity securities
- ERP Operating Partnership assumed AvalonBay’s obligations under all three indentures and outstanding unsecured notes
Item 8.01: Other Events
- Commercial Paper Program terminated without penalty at merger closing
- No commercial paper outstanding when the program ended, limiting immediate debt impact
Item EX-99.1: Item EX-99.1
- AvalonBay–Equity Residential merger completed, creating Vivmark Residential and replacing AVB’s NYSE listing with VMRK on August 18, 2026
- Combined platform: 184,000+ apartments, approximately $51 billion equity capitalization and $70 billion enterprise value
Item 8.01: Other Events
- Joint press release announced August 12, 2026 special-meeting results for AvalonBay and Equity Residential
- Shareholder vote outcome may determine progression of the companies’ proposed transaction
Item 5.07: Submission of Matters to a Vote of Security Holders
- Merger with Equity Residential approved by stockholders, clearing the key shareholder condition for the transaction
- Merger proposal: 126,457,745 votes for, 51,666 against, and 772,383 abstentions
Item EX-99.1: Item EX-99.1
- Merger approved by more than 99% of votes cast at both companies, representing approximately 90% of outstanding shares
- Closing expected August 17, 2026, subject to customary conditions
Item 8.01: Other Events
- Merger-of-equals with Equity Residential remains active; combined company planned as Vivmark Residential
- Registration Statement effective July 13, 2026; shareholder proxy materials now mailed, advancing the transaction toward votes and closing
AI summaries of AVB 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for AVB
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Flynn Conor C | D | Aug 17, 2026 | 2,021.942 | - |
| Howard Christopher B. | D | Aug 17, 2026 | 7,596.035 | - |
| Swanezy Susan | D | Aug 17, 2026 | 15,980.61 | - |
| Lieb Richard J | D | Aug 17, 2026 | 9,928.632 | - |
| HAVNER RONALD L JR | D | Aug 17, 2026 | 21,149.881 | - |
| Hills Stephen P. | D | Aug 17, 2026 | 10,274.573 | - |
| Aeppel Glyn | D | Aug 17, 2026 | 15,659.36 | - |
| MUELLER CHARLES E JR | D | Aug 17, 2026 | 8,623.527 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $7.7M | $7.1M | $7.0M |
| Operating Income | $1.9B | $2.0B | $2.0B |
| Net Income | $928.8M | $1.1B | $1.1B |
| Op. Margin | 24433.4% | 27883.5% | 28698.5% |
| Net Margin | 12028.3% | 15280.2% | 14929.0% |
| Balance Sheet | |||
| Total Assets | - | $21.0B | $22.2B |
| Equity | $11.8B | $11.9B | $11.6B |
| ROE | 7.9% | 9.1% | 9.1% |
| Per Share | |||
| EPS | $6.56 | $7.60 | $7.40 |
| Cash Flow | |||
| Operating CF | $1.6B | $1.6B | $1.7B |
Source: XBRL data in AvalonBay Communities (AVB)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate AVB share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 43 | $15.28B |
| Q1 2026 | 40 | $13.33B |
| Q4 2025 | 36 | $15.06B |
| Q3 2025 | 40 | $16.74B |
| Q2 2025 | 38 | $16.36B |
| Q1 2025 | 33 | $12.22B |
| Q4 2024 | 28 | $11.04B |
| Q3 2024 | 27 | $6.02B |
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Source: 13F-HR filings on SEC EDGAR (aggregated from 285 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
AVB filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 8-K | Aug 17, 2026 | - | Analysis | - |
| 4 | Aug 17, 2026 | - | - | - |
| 4 | Aug 17, 2026 | - | - | - |
| 4 | Aug 17, 2026 | - | - | - |
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| 4 | Aug 17, 2026 | - | - | - |
| 8-K | Aug 12, 2026 | - | Analysis | - |
| 4 | Aug 4, 2026 | - | - | - |
| 8-K | Jul 31, 2026 | - | Analysis | - |
| 10-Q | Jul 30, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 23, 2026 | - | Analysis | - |
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AVB SEC filings: frequently asked questions
Which institutions hold AVB stock?
As of June 30, 2026, the largest AvalonBay Communities (AVB) holders among the 13F filers tracked by SignalX were BlackRock ($3.4 billion), Vanguard Portfolio Management LLC ($2.3 billion), State Street Corp ($1.7 billion), Vanguard Capital Management LLC ($1.7 billion), JPMorgan Chase & Co ($881.9 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was AVB's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), AvalonBay Communities (AVB) reported revenue of $7.0 million (down 0.6% from FY2024) and net income of $1.1 billion. Diluted EPS was $7.40. The figures come from the XBRL data in the 10-K.
What are the main risks in AVB's latest 10-K?
In the 10-K filed February 27, 2026, AvalonBay Communities (AVB) flagged: RealPage antitrust litigation active in D.C., Maryland, and New Jersey courts; motions to dismiss denied or pending as of mid-2025. Construction cost inflation risk amplified by federal tariffs and immigration enforcement changes affecting labor supply. (AI summary of the Risk Factors section.)
What did AVB report in its latest 8-K?
AvalonBay Communities (AVB) filed an 8-K on August 17, 2026 reporting Item 5.01 (Changes in Control of Registrant), Item 7.01 (Regulation FD Disclosure), Item 2.01 (Completion of Acquisition or Disposition of Assets), Item 3.03 (Material Modification to Rights of Security Holders) and Item 8.01 (Other Events). AvalonBay ceased as the surviving entity after merging into Vivmark-owned Merger Sub.
What are the latest AVB SEC filings?
AvalonBay Communities (AVB) filed its latest 10-K annual report on February 27, 2026, a 10-Q quarterly report on July 30, 2026, an 8-K current report on August 17, 2026 and a Form 4 insider filing on August 17, 2026.
What is AVB's SEC CIK number?
AvalonBay Communities (AVB)'s SEC Central Index Key (CIK) is 915912. EDGAR lists every AVB filing under that number.
Ask anything about AVB
The research agent reads AVB's filings, financials, insider trades and 13F holders, then answers with sources.