• AvalonBay Communities average return on tangible equity for 2024 was 8.32, a 8.27% increase from 2023.
• AvalonBay Communities average return on tangible equity for 2023 was 9.07, a 7.54% decline from 2022.
• AvalonBay Communities average return on tangible equity for 2022 was 9.81, a 8.52% decline from 2021.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.