AVALONBAY COMMUNITIES INC

AvalonBay Communities, Inc. (NYSE: AVB) operates as a leading real estate investment trust focused on the development, redevelopment, acquisition, ownership and operation of apartment communities across the United States. The company maintains its website at www.avalonbay.com.

As of January 31, 2026, AvalonBay owned or held direct or indirect ownership interests in 292 operating apartment communities containing 88,768 apartment homes across 11 states and the District of Columbia. The company also held 27 wholly-owned development communities under construction or in lease-up expected to contain 9,692 apartment homes upon completion, along with development rights for an additional 33 communities projected to contain 10,532 apartment homes.

AvalonBay operates through four distinct brands designed to serve different market segments. The Avalon brand focuses on upscale apartment living with high-end amenities and services. AVA targets customers in high-energy, transit-served neighborhoods with smaller apartments suited for roommate living and active common spaces. Eaves by Avalon serves the cost-conscious value segment primarily in suburban areas. Kanso offers simplified apartment living at moderate price points with limited amenities and a technology-driven, self-service operating model.

The company concentrates on leading metropolitan areas including New England, the New York/New Jersey metro area, the Mid-Atlantic, the Pacific Northwest, Northern and Southern California, with expansion regions in Raleigh-Durham and Charlotte, North Carolina, Southeast Florida, Dallas and Austin, Texas, and Denver, Colorado. AvalonBay employs 3,041 full-time associates, with approximately 61 percent working on-site at operating communities.

Beyond traditional equity real estate investments, AvalonBay operates a Structured Investment Program providing mezzanine loans and preferred equity to third-party multifamily developers. The company also develops and leases commercial space at communities, invests in property technology and sustainability-focused companies through taxable REIT subsidiaries, and engages in for-sale real estate development activities. During the three years ended December 31, 2025, AvalonBay acquired 22 apartment communities, disposed of 21 communities, and completed development of 20 communities with redevelopment of one community.