Avalonbay Communities layoffs, on the record
Every job cut, severance charge and restructuring Avalonbay Communities reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 2,988 employees to 3,041.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | 2,988 employees | January 31, 2025 |
| 10-K for 2025 | 3,041 | January 31, 2026 |
Job cuts, severance and restructuring
Our summaryThe company reported severance related costs as an adjusting item in its Core FFO reconciliation for 2024.
Word for word“Severance related costs 1,787 2,625 Expensed transaction, development and other pursuit costs, net of recoveries (4) 13,649 30,583 Other real estate activity (753) (174) For-sale condominium imputed carry cost (5) 84 602 Legal settlements and costs (6) 3,002 457 Income tax expense (7) 445 10,153 Core FFO attributable to common stockholders $ 1,568,394 $ 1,505,598 Weighted average common shares outstanding - diluted 142,458,604 141,643,788 Earnings per common share - diluted $ 7.60 $ 6.56 FFO per common share - diluted $ 10.98 $ 10.32 Core FFO per common share - diluted $ 11.01 $ 10.63 _________________________________ (1) Amounts consist primarily of net unrealized gains on technology investments.” 10-K for 2024
Our summaryGeneral and administrative expense in 2024 decreased partly due to decreased compensation expense, including severance.
Word for word“General and administrative expense increased $1,163,000, or 1.5%, in 2024 as compared to the prior year, primarily due to an increase in legal and professional fees, partially offset by decreased compensation expense, including severance.” 10-K for 2024
Avalonbay Communities has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Avalonbay Communities’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-27. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.