AvalonBay Communities (AvalonBay Communities) Interest Expense : $-206 Mil (TTM As of Dec. 2023)

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What is AvalonBay Communities Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AvalonBay Communities's interest expense for the three months ended in Dec. 2023 was $ -49 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-206 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. AvalonBay Communities's Operating Income for the three months ended in Dec. 2023 was $ 226 Mil. AvalonBay Communities's Interest Expense for the three months ended in Dec. 2023 was $ -49 Mil. AvalonBay Communities's Interest Coverage for the quarter that ended in Dec. 2023 was 4.56. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

AvalonBay Communities Interest Expense Historical Data

The historical data trend for AvalonBay Communities's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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AvalonBay Communities Interest Expense Chart

AvalonBay Communities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-203.59

-214.15

-220.42

-230.07

-205.99

AvalonBay Communities Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-57.46	-56.82	-51.59	-48.12	-49.47

AvalonBay Communities Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-206 Mil.

AvalonBay Communities (NYSE:AVB) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

AvalonBay Communities's Interest Expense for the three months ended in Dec. 2023 was $-49 Mil. Its Operating Income for the three months ended in Dec. 2023 was $226 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $8,135 Mil.

AvalonBay Communities's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	225.64	/	-49.471
	=	4.56

The higher the ratio, the stronger the company's financial strength is.

AvalonBay Communities (AvalonBay Communities) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » AvalonBay Communities Inc (NYSE:AVB) » Definitions » Interest Expense

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Traded in Other Exchanges

WV8:Germany A1VB34:Brazil AVBC:Austria

Address

4040 Wilson Boulevard, Suite 1000, Arlington, VA, USA, 22203

Website

https://www.avalonbay.com

AvalonBay Communities owns a portfolio of 276 apartment communities with over 82,000 units and is developing 18 additional properties with over 5,700 units. The company focuses on owning large, high-quality properties in major metropolitan areas of New England, New York/New Jersey, Washington D.C., California, and the Pacific Northwest.

Executives

Joanne M Lockeridge	officer: Executive Vice President	4040 WILSON BOULEVARD, SUITE 1000, ARLINGTON VA 22203
Matthew H. Birenbaum	officer: EVP, Strategy & Portfolio Mgmt	671 NORTH GLEBE ROAD, SUITE 800, ARLINGTON VA 22203
Mueller Charles E Jr	director	C/O AVALONBAY COMMUNITIES, INC., 4040 WILSON BLVD., SUITE 1000, ARLINGTON VA 22027
Edward M Schulman	officer: Vice President-General Counsel
William M Mclaughlin	officer: Executive Vice President	AVALONBAY COMMUNITIES, INC., 2900 EISENHOWER AVENUE, SUITE 300, ALEXANDRIA VA 22314
Timothy J Naughton	officer: Chief Operating Officer	2900 ELSENHOWER AVE 3RD FL, ALEXANDRIA VA 22314
Sean J. Breslin	officer: Senior Vice President	2900 EISENHOWER AVE., SUITE 300, ALEXANDRIA VA 22314
Keri A Shea	officer: VP-Finance and Treasurer	2900 EISEHOWER AVE., SUITE 300, ALEXANDRIA VA 22314
Kevin P. O'shea	officer: Executive Vice President	671 N. GLEBE ROAD, SUITE 800, ARLINGTON VA 22203
Nnenna Lynch	director	4040 WILSON BOULEVARD, SUITE1000, ARLINGTON VA 22203
Christopher B. Howard	director	4040 WILSON BOULEVARD, SUITE 1000, ARLINGTON VA 22203
Benjamin Schall	director, officer: President	261 BROADWAY, NO.11B, NEW YORK NY 10007
W Edward Walter	director
Horey Leo S Iii	officer: Senior Vice President	2900 ELSENHOWER AVE 3RD FL, ALEXANDRIA VA 22314
Stephen W Wilson	officer: Executive Vice President	C/O PS BUSINESS PARKS, INC., 701 WESTERN AVENUE, GLENDALE CA 91201