Equity (Tables)

9 Months Ended

Sep. 30, 2019

Stockholders' Equity Note [Abstract]

Summary of changes in equity

The following summarizes the changes in equity for the nine months ended September 30, 2019 (dollars in thousands):

	Common stock		Additional paid-in capital			Accumulated earnings less dividends			Accumulated other comprehensive loss			Total AvalonBay stockholder's equity			Noncontrolling interests		Total equity
Balance at December 31, 2018	$	1,385	$	10,306,588		$	350,777		$	(26,144	)	$	10,632,606		$	—	$	10,632,606
Net income attributable to common stockholders	—		—			170,366			—			170,366			—		170,366
Loss on cash flow hedges, net	—		—			—			(7,231		)	(7,231		)	—		(7,231		)
Cash flow hedge losses reclassified to earnings	—		—			—			1,468			1,468			—		1,468
Change in redemption value of redeemable noncontrolling interest	—		—			(224		)	—			(224		)	—		(224		)
Dividends declared to common stockholders ($1.52 per share)	—		—			(212,166		)	—			(212,166		)	—		(212,166		)
Issuance of common stock, net of withholdings	9		143,202			(1,892		)	—			141,319			—		141,319
Amortization of deferred compensation	—		7,861			—			—			7,861			—		7,861
Balance at March 31, 2019	$	1,394	$	10,457,651		$	306,861		$	(31,907	)	$	10,733,999		$	—	$	10,733,999
Net income attributable to common stockholders	—		—			168,281			—			168,281			—		168,281
Loss on cash flow hedges, net	—		—			—			(2,888		)	(2,888		)	—		(2,888		)
Cash flow hedge losses reclassified to earnings	—		—			—			1,611			1,611			—		1,611
Change in redemption value of redeemable noncontrolling interest	—		—			(45		)	—			(45		)	—		(45		)
Noncontrolling interest contribution	—		—			—			—			—			530		530
Dividends declared to common stockholders ($1.52 per share)	—		—			(212,549		)	—			(212,549		)	—		(212,549		)
Issuance of common stock, net of withholdings	3		50,803			—			—			50,806			—		50,806
Amortization of deferred compensation	—		10,785			—			—			10,785			—		10,785
Balance at June 30, 2019	$	1,397	$	10,519,239		$	262,548		$	(33,184	)	$	10,750,000		$	530	$	10,750,530
Net income attributable to common stockholders	—		—			279,677			—			279,677			—		279,677
Loss on cash flow hedges, net	—		—			—			(13,644		)	(13,644		)	—		(13,644		)
Cash flow hedge losses reclassified to earnings	—		—			—			1,746			1,746			—		1,746
Change in redemption value of redeemable noncontrolling interest	—		—			(113		)	—			(113		)	—		(113		)
Noncontrolling interest contribution	—		—			—			—			—			118		118
Dividends declared to common stockholders ($1.52 per share)	—		—			(212,526		)	—			(212,526		)	—		(212,526		)
Issuance of common stock, net of withholdings	—		(454		)	(263		)	—			(717		)	—		(717		)
Amortization of deferred compensation	—		10,002			—			—			10,002			—		10,002
Balance at September 30, 2019	$	1,397	$	10,528,787		$	329,323		$	(45,082	)	$	10,814,425		$	648	$	10,815,073

The following summarizes the changes in equity for the nine months ended September 30, 2018 (dollars in thousands):

	Common stock		Additional paid-in capital			Accumulated earnings less dividends			Accumulated other comprehensive loss			Total equity
Balance at December 31, 2017	$	1,381	$	10,235,475		$	188,609		$	(37,419	)	$	10,388,046
Net income attributable to common stockholders	—		—			141,643			—			141,643
Gain on cash flow hedges, net	—		—			—			11,501			11,501
Cash flow hedge losses reclassified to earnings	—		—			—			1,756			1,756
Change in redemption value of redeemable noncontrolling interest	—		—			(63		)	—			(63		)
Dividends declared to common stockholders ($1.47 per share)	—		—			(203,166		)	—			(203,166		)
Issuance of common stock, net of withholdings	1		(12,286		)	1,143			—			(11,142		)
Amortization of deferred compensation	—		6,549			—			—			6,549
Balance at March 31, 2018	$	1,382	$	10,229,738		$	128,166		$	(24,162	)	$	10,335,124
Net income attributable to common stockholders	—		—			254,662			—			254,662
Cash flow hedge losses reclassified to earnings	—		—			—			1,455			1,455
Change in redemption value of redeemable noncontrolling interest	—		—			(291		)	—			(291		)
Dividends declared to common stockholders ($1.47 per share)	—		—			(203,472		)	—			(203,472		)
Issuance of common stock, net of withholdings	—		627			1			—			628
Amortization of deferred compensation	—		10,082			—			—			10,082
Balance at June 30, 2018	$	1,382	$	10,240,447		$	179,066		$	(22,707	)	$	10,398,188
Net income attributable to common stockholders	—		—			192,486			—			192,486
Cash flow hedge losses reclassified to earnings	—		—			—			1,466			1,466
Change in redemption value of redeemable noncontrolling interest	—		—			(272		)	—			(272		)
Dividends declared to common stockholders ($1.47 per share)	—		—			(203,334		)	—			(203,334		)
Issuance of common stock, net of withholdings	—		442			—			—			442
Amortization of deferred compensation	—		8,422			—			—			8,422
Balance at September 30, 2018	$	1,382	$	10,249,311		$	167,946		$	(21,241	)	$	10,397,398