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Pay vs Performance Disclosure | 12 Months Ended |  |  |
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Dec. 31, 2024 USD ($) $ / shares | Dec. 31, 2023 USD ($) $ / shares | Dec. 31, 2022 USD ($) $ / shares | Dec. 31, 2021 USD ($) $ / shares | Dec. 31, 2020 USD ($) $ / shares | Dec. 29, 2023 $ / shares | Dec. 30, 2022 $ / shares | Dec. 31, 2019 $ / shares
Pay vs Performance Disclosure |  |  |  |  |  |  |  |
Pay vs Performance Disclosure, Table | Pay Versus Performance Table ​
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​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Value of Initial Fixed $100 | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Investment Based On: | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Core Funds
​ | ​ | Summary | ​ | ​ | ​ | Summary | ​ | ​ | ​ | Average | ​ | Average | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | From
​ | ​ | Compensation | ​ | Compensation | ​ | Compensation | ​ | Compensation | ​ | Summary | ​ | Compensation | ​ | ​ | ​ | ​ | Peer | ​ | ​ | ​ | Operations
​ | ​ | Table Total | ​ | Actually Paid | ​ | Table Total for | ​ | Actually Paid | ​ | Compensation | ​ | Actually Paid | ​ | Total | ​ | Group Total | ​ | ​ | ​ | per Share
Fiscal | ​ | for Benjamin | ​ | to Benjamin W. | ​ | Timothy J. | ​ | to Timothy J. | ​ | Table Total for | ​ | to Non-PEO | ​ | Shareholder | ​ | Shareholder | ​ | Net | ​ | (Core
Year | ​ | W. Schall(1) | ​ | Schall(2) | ​ | Naughton(3) | ​ | Naughton(2) | ​ | Non-PEO NEOs | ​ | NEOs(2) | ​ | Return(4) | ​ | Return(5) | ​ | Income(6) | ​ | FFO)(7)
2024 |  | 9,090,073 |  | 16,768,387 |  | NA |  | NA |  | 4,185,417 | (8) | 6,402,770 | (8) | $ | 125 |  | $ | 120 |  | 1,082,175 |  | $ | 11.01
2023 |  | 9,479,687 |  | 17,461,680 |  | NA |  | NA |  | 4,108,271 | (9) | 6,556,935 | (9) | $ | 103 |  | $ | 100 |  | 928,438 |  | $ | 10.63
2022 |  | 9,393,208 |  | 3,772,678 |  | 9,814,142 |  | (1,308,884) |  | 4,187,942 | (9) | 1,457,095 | (9) | $ | 85 | ​ | $ | 94 |  | 1,136,438 | ​ | $ | 9.79
2021 | ​ | NA |  | NA |  | 14,371,460 |  | 26,154,241 |  | 7,495,804 | (10) | 10,290,484 | (10) | $ | 129 | ​ | $ | 139 |  | 1,004,356 | ​ | $ | 8.26
2020 |  | NA |  | NA |  | 11,294,333 |  | (3,579,035) |  | 3,530,628 | (11) | 426,406 | (11) | $ | 80 | ​ | $ | 85 |  | 827,706 | ​ | $ | 8.69
(1) | Mr. Schall joined AvalonBay as President and a director in January 2021 and became Chief Executive Officer effective January 3, 2022. Mr. Schall’s compensation for 2021 is included in the non-PEO averages.
(2) | The amounts reported represent the “compensation actually paid” to each of Mr. Schall and Mr. Naughton and the average “compensation actually paid” to each of the other NEOs as a group, each computed in accordance with Item 402(v) of Regulation S-K, but do not reflect the actual amount of compensation earned by or paid to such NEOs. In accordance with Item 402(v) of Regulation S-K, the following adjustments were made to the amounts reported in the “Total” column of the Summary Compensation Table to calculate “compensation actually paid.”
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​ |  |  |  |  |  |  |  | For Awards |  |  |  |  |  |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Outstanding | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (Unvested) as of | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | December 31 of | ​ | For Awards | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | the Applicable | ​ | that Vested | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Subtract | ​ | For Awards | ​ | Year, Add the | ​ | During the | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Summary | ​ | Subtracted in | ​ | Change in Fair | ​ | Applicable Year, | ​ | Add | ​ | ​
​ | ​ | ​ | ​ | Compensation | ​ | Column | ​ | Value Between | ​ | Add the Change | ​ | Dividends | ​ | ​
​ | ​ | ​ | ​ | Table Value | ​ | (B), Add the Fair | ​ | December 31 of | ​ | in Fair Value | ​ | Paid on | ​ | ​
​ | ​ | ​ | ​ | of Equity Awards | ​ | Value of Such | ​ | the Prior Fiscal | ​ | Between | ​ | Unvested | ​ | ​
​ | ​ | ​ | ​ | Granted in the | ​ | Awards on | ​ | Year and | ​ | December 31 of | ​ | Restricted | ​ | ​
​ | ​ | Summary | ​ | Applicable Fiscal | ​ | December 31 of | ​ | December 31 of | ​ | the Prior Fiscal | ​ | Stock During | ​ | ​
​ | ​ | Compensation | ​ | Year (Grant Date | ​ | the Applicable | ​ | the Applicable | ​ | Year and the | ​ | the Applicable | ​ | Compensation
​ | ​ | Table Total | ​ | Fair Value) (i) | ​ | Year (ii) | ​ | Fiscal Year (iii) | ​ | Vesting Date (iv) | ​ | Fiscal Year | ​ | Actually Paid
Year | ​ | (A) | ​ | (B) | ​ | (C) | ​ | (D) | ​ | (E) | ​ | (F) | ​ | (G)
2024 – PEO Schall |  | 9,090,073 |  | (6,223,901) |  | 10,049,766 |  | 2,383,680 |  | 1,368,536 |  | 100,233 |  | 16,768,387
2024 – Avg Other NEOs |  | 4,185,417 |  | (2,519,469) |  | 3,654,930 |  | 680,855 |  | 341,838 |  | 59,199 |  | 6,402,770
2023 – PEO Schall |  | 9,479,687 |  | (6,407,807) |  | 9,203,656 |  | 2,046,598 |  | 3,010,112 |  | 129,434 |  | 17,461,680
2023 – Avg Other NEOs |  | 4,108,271 |  | (2,374,971) |  | 3,224,566 |  | 579,192 |  | 960,183 |  | 59,694 |  | 6,556,935
2022 – PEO Schall |  | 9,393,208 |  | (6,351,246) |  | 3,705,283 |  | (2,786,237) |  | (342,670) |  | 154,340 |  | 3,772,678
2022 – PEO Naughton |  | 9,814,142 |  | (7,343,192) |  | 3,696,749 |  | (6,766,814) |  | (924,797) |  | 215,028 |  | (1,308,884)
2022 – Avg Other NEOs |  | 4,187,942 |  | (2,524,777) |  | 1,453,657 |  | (1,513,615) |  | (212,401) |  | 66,289 |  | 1,457,095
2021 – PEO Naughton |  | 14,371,460 |  | (10,551,826) |  | 14,011,349 |  | 4,604,039 |  | 3,373,073 |  | 346,146 |  | 26,154,241
2021 – Avg Other NEOs |  | 7,495,804 |  | (5,049,488) |  | 6,223,603 |  | 925,342 |  | 583,792 |  | 111,431 |  | 10,290,484
2020 – PEO Naughton |  | 11,294,333 |  | (8,497,608) |  | 2,412,393 |  | (4,958,731) |  | (4,310,055) |  | 480,633 |  | (3,579,035)
2020 – Avg Other NEOs |  | 3,530,628 |  | (2,149,216) |  | 798,282 |  | (1,039,788) |  | (831,586) |  | 118,086 |  | 426,406
| (i) | The amounts reported represent the sum of the amounts reported in the “Stock Awards” and “Option Awards” columns of the Summary Compensation Table for the applicable fiscal year.
| (ii) | No awards granted during a fiscal year vested that same year.
| (iii) | Represents the sum of the following for each equity award that was outstanding (unvested) as of December 31 of the applicable fiscal year and December 31 of the prior fiscal year: the difference between (x) the fair value of such award as of December 31 of the applicable fiscal year and (y) the fair value of such award as of December 31 of the prior fiscal year. For performance awards, the fair value represents the Monte Carlo valuation for the TSR portion and the payout corresponding to the interim level of achievement of the operating metrics portion. For options, fair value represents the Black-Scholes value.
| (iv) | For a multi-year performance award that matured (vested) on December 31 of the reported year, the fair value was the number of units earned valued at the closing price of a share of common stock on the last trading day of that year, plus the cash amount in respect of accrued dividends to be paid out upon settlement.
(3) | Mr. Naughton served as Chief Executive Officer from 2012 through January 2, 2022 and served as Executive Chairman throughout 2022. He served as a non-executive chairman in 2023 and 2024.
(4) | Company TSR and Peer Group TSR are calculated using the measurement period beginning on the last trading day of 2019, through and including the end of the fiscal year for which cumulative Company TSR or cumulative Peer Group TSR is being calculated.
(5) | The peer group TSR used for this purpose is the FTSE Nareit Apartment REIT Index, a published industry index.
(6) | The dollar amounts reported represent the amount of net income reflected in the Company’s audited financial statements for the applicable fiscal year.
(7) | The Company Selected Measure is Core FFO per share, representing the Company’s FFO as adjusted for non-core items. By adjusting for items that are not considered by us to be part of our core business operations, Core FFO can help one compare the core operating and financial performance of the Company between periods. While we consider numerous financial and non-financial performance measures for the purpose of evaluating and determining executive compensation, we consider Core FFO per share, which is one of the measures used to determine annual cash incentive compensation for our NEOs, to be the most important performance measure used to link compensation actually paid to the NEOs for fiscal year 2024 to Company performance.
(8) | Non-PEO NEOs for 2024 include Messrs. O’Shea, Birenbaum, Breslin, and Ms. Thomas.
(9) | Non-PEO NEOs for 2023 and 2022 include Messrs. O’Shea, Birenbaum, Breslin, and Schulman.
(10) | Non-PEO NEOs for 2021 include Messrs. O’Shea, Schall, Birenbaum, and Breslin.
(11) | Non-PEO NEOs for 2020 include Messrs. O’Shea, Birenbaum, and Breslin and William M. McLaughlin, our former Executive Vice President, Development and Construction.
Company Selected Measure Name | Core FFO |  |  |  |  |  |  |
Named Executive Officers, Footnote | ​
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​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Value of Initial Fixed $100 | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Investment Based On: | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Core Funds
​ | ​ | Summary | ​ | ​ | ​ | Summary | ​ | ​ | ​ | Average | ​ | Average | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | From
​ | ​ | Compensation | ​ | Compensation | ​ | Compensation | ​ | Compensation | ​ | Summary | ​ | Compensation | ​ | ​ | ​ | ​ | Peer | ​ | ​ | ​ | Operations
​ | ​ | Table Total | ​ | Actually Paid | ​ | Table Total for | ​ | Actually Paid | ​ | Compensation | ​ | Actually Paid | ​ | Total | ​ | Group Total | ​ | ​ | ​ | per Share
Fiscal | ​ | for Benjamin | ​ | to Benjamin W. | ​ | Timothy J. | ​ | to Timothy J. | ​ | Table Total for | ​ | to Non-PEO | ​ | Shareholder | ​ | Shareholder | ​ | Net | ​ | (Core
Year | ​ | W. Schall(1) | ​ | Schall(2) | ​ | Naughton(3) | ​ | Naughton(2) | ​ | Non-PEO NEOs | ​ | NEOs(2) | ​ | Return(4) | ​ | Return(5) | ​ | Income(6) | ​ | FFO)(7)
2024 |  | 9,090,073 |  | 16,768,387 |  | NA |  | NA |  | 4,185,417 | (8) | 6,402,770 | (8) | $ | 125 |  | $ | 120 |  | 1,082,175 |  | $ | 11.01
2023 |  | 9,479,687 |  | 17,461,680 |  | NA |  | NA |  | 4,108,271 | (9) | 6,556,935 | (9) | $ | 103 |  | $ | 100 |  | 928,438 |  | $ | 10.63
2022 |  | 9,393,208 |  | 3,772,678 |  | 9,814,142 |  | (1,308,884) |  | 4,187,942 | (9) | 1,457,095 | (9) | $ | 85 | ​ | $ | 94 |  | 1,136,438 | ​ | $ | 9.79
2021 | ​ | NA |  | NA |  | 14,371,460 |  | 26,154,241 |  | 7,495,804 | (10) | 10,290,484 | (10) | $ | 129 | ​ | $ | 139 |  | 1,004,356 | ​ | $ | 8.26
2020 |  | NA |  | NA |  | 11,294,333 |  | (3,579,035) |  | 3,530,628 | (11) | 426,406 | (11) | $ | 80 | ​ | $ | 85 |  | 827,706 | ​ | $ | 8.69
(1) | Mr. Schall joined AvalonBay as President and a director in January 2021 and became Chief Executive Officer effective January 3, 2022. Mr. Schall’s compensation for 2021 is included in the non-PEO averages.
(3) | Mr. Naughton served as Chief Executive Officer from 2012 through January 2, 2022 and served as Executive Chairman throughout 2022. He served as a non-executive chairman in 2023 and 2024.
(8) | Non-PEO NEOs for 2024 include Messrs. O’Shea, Birenbaum, Breslin, and Ms. Thomas.
(9) | Non-PEO NEOs for 2023 and 2022 include Messrs. O’Shea, Birenbaum, Breslin, and Schulman.
(10) | Non-PEO NEOs for 2021 include Messrs. O’Shea, Schall, Birenbaum, and Breslin.
Non-PEO NEOs for 2020 include Messrs. O’Shea, Birenbaum, and Breslin and William M. McLaughlin, our former Executive Vice President, Development and Construction. |  |  |  |  |  |  |
Peer Group Issuers, Footnote |
(5) | The peer group TSR used for this purpose is the FTSE Nareit Apartment REIT Index, a published industry index.
Adjustment To PEO Compensation, Footnote |
(2) | The amounts reported represent the “compensation actually paid” to each of Mr. Schall and Mr. Naughton and the average “compensation actually paid” to each of the other NEOs as a group, each computed in accordance with Item 402(v) of Regulation S-K, but do not reflect the actual amount of compensation earned by or paid to such NEOs. In accordance with Item 402(v) of Regulation S-K, the following adjustments were made to the amounts reported in the “Total” column of the Summary Compensation Table to calculate “compensation actually paid.”
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​ |  |  |  |  |  |  |  | For Awards |  |  |  |  |  |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Outstanding | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (Unvested) as of | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | December 31 of | ​ | For Awards | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | the Applicable | ​ | that Vested | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Subtract | ​ | For Awards | ​ | Year, Add the | ​ | During the | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Summary | ​ | Subtracted in | ​ | Change in Fair | ​ | Applicable Year, | ​ | Add | ​ | ​
​ | ​ | ​ | ​ | Compensation | ​ | Column | ​ | Value Between | ​ | Add the Change | ​ | Dividends | ​ | ​
​ | ​ | ​ | ​ | Table Value | ​ | (B), Add the Fair | ​ | December 31 of | ​ | in Fair Value | ​ | Paid on | ​ | ​
​ | ​ | ​ | ​ | of Equity Awards | ​ | Value of Such | ​ | the Prior Fiscal | ​ | Between | ​ | Unvested | ​ | ​
​ | ​ | ​ | ​ | Granted in the | ​ | Awards on | ​ | Year and | ​ | December 31 of | ​ | Restricted | ​ | ​
​ | ​ | Summary | ​ | Applicable Fiscal | ​ | December 31 of | ​ | December 31 of | ​ | the Prior Fiscal | ​ | Stock During | ​ | ​
​ | ​ | Compensation | ​ | Year (Grant Date | ​ | the Applicable | ​ | the Applicable | ​ | Year and the | ​ | the Applicable | ​ | Compensation
​ | ​ | Table Total | ​ | Fair Value) (i) | ​ | Year (ii) | ​ | Fiscal Year (iii) | ​ | Vesting Date (iv) | ​ | Fiscal Year | ​ | Actually Paid
Year | ​ | (A) | ​ | (B) | ​ | (C) | ​ | (D) | ​ | (E) | ​ | (F) | ​ | (G)
2024 – PEO Schall |  | 9,090,073 |  | (6,223,901) |  | 10,049,766 |  | 2,383,680 |  | 1,368,536 |  | 100,233 |  | 16,768,387
2024 – Avg Other NEOs |  | 4,185,417 |  | (2,519,469) |  | 3,654,930 |  | 680,855 |  | 341,838 |  | 59,199 |  | 6,402,770
2023 – PEO Schall |  | 9,479,687 |  | (6,407,807) |  | 9,203,656 |  | 2,046,598 |  | 3,010,112 |  | 129,434 |  | 17,461,680
2023 – Avg Other NEOs |  | 4,108,271 |  | (2,374,971) |  | 3,224,566 |  | 579,192 |  | 960,183 |  | 59,694 |  | 6,556,935
2022 – PEO Schall |  | 9,393,208 |  | (6,351,246) |  | 3,705,283 |  | (2,786,237) |  | (342,670) |  | 154,340 |  | 3,772,678
2022 – PEO Naughton |  | 9,814,142 |  | (7,343,192) |  | 3,696,749 |  | (6,766,814) |  | (924,797) |  | 215,028 |  | (1,308,884)
2022 – Avg Other NEOs |  | 4,187,942 |  | (2,524,777) |  | 1,453,657 |  | (1,513,615) |  | (212,401) |  | 66,289 |  | 1,457,095
2021 – PEO Naughton |  | 14,371,460 |  | (10,551,826) |  | 14,011,349 |  | 4,604,039 |  | 3,373,073 |  | 346,146 |  | 26,154,241
2021 – Avg Other NEOs |  | 7,495,804 |  | (5,049,488) |  | 6,223,603 |  | 925,342 |  | 583,792 |  | 111,431 |  | 10,290,484
2020 – PEO Naughton |  | 11,294,333 |  | (8,497,608) |  | 2,412,393 |  | (4,958,731) |  | (4,310,055) |  | 480,633 |  | (3,579,035)
2020 – Avg Other NEOs |  | 3,530,628 |  | (2,149,216) |  | 798,282 |  | (1,039,788) |  | (831,586) |  | 118,086 |  | 426,406
| (i) | The amounts reported represent the sum of the amounts reported in the “Stock Awards” and “Option Awards” columns of the Summary Compensation Table for the applicable fiscal year.
| (ii) | No awards granted during a fiscal year vested that same year.
| (iii) | Represents the sum of the following for each equity award that was outstanding (unvested) as of December 31 of the applicable fiscal year and December 31 of the prior fiscal year: the difference between (x) the fair value of such award as of December 31 of the applicable fiscal year and (y) the fair value of such award as of December 31 of the prior fiscal year. For performance awards, the fair value represents the Monte Carlo valuation for the TSR portion and the payout corresponding to the interim level of achievement of the operating metrics portion. For options, fair value represents the Black-Scholes value.
| (iv) | For a multi-year performance award that matured (vested) on December 31 of the reported year, the fair value was the number of units earned valued at the closing price of a share of common stock on the last trading day of that year, plus the cash amount in respect of accrued dividends to be paid out upon settlement.
Non-PEO NEO Average Total Compensation Amount | $ 4,185,417 | $ 4,108,271 | $ 4,187,942 | $ 7,495,804 | $ 3,530,628 |  |  |
Non-PEO NEO Average Compensation Actually Paid Amount | $ 6,402,770 | 6,556,935 | 1,457,095 | 10,290,484 | 426,406 |  |  |
Adjustment to Non-PEO NEO Compensation Footnote |
(2) | The amounts reported represent the “compensation actually paid” to each of Mr. Schall and Mr. Naughton and the average “compensation actually paid” to each of the other NEOs as a group, each computed in accordance with Item 402(v) of Regulation S-K, but do not reflect the actual amount of compensation earned by or paid to such NEOs. In accordance with Item 402(v) of Regulation S-K, the following adjustments were made to the amounts reported in the “Total” column of the Summary Compensation Table to calculate “compensation actually paid.”
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​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  |  |  |  |  |  |  | For Awards |  |  |  |  |  |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Outstanding | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (Unvested) as of | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | December 31 of | ​ | For Awards | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | the Applicable | ​ | that Vested | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Subtract | ​ | For Awards | ​ | Year, Add the | ​ | During the | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Summary | ​ | Subtracted in | ​ | Change in Fair | ​ | Applicable Year, | ​ | Add | ​ | ​
​ | ​ | ​ | ​ | Compensation | ​ | Column | ​ | Value Between | ​ | Add the Change | ​ | Dividends | ​ | ​
​ | ​ | ​ | ​ | Table Value | ​ | (B), Add the Fair | ​ | December 31 of | ​ | in Fair Value | ​ | Paid on | ​ | ​
​ | ​ | ​ | ​ | of Equity Awards | ​ | Value of Such | ​ | the Prior Fiscal | ​ | Between | ​ | Unvested | ​ | ​
​ | ​ | ​ | ​ | Granted in the | ​ | Awards on | ​ | Year and | ​ | December 31 of | ​ | Restricted | ​ | ​
​ | ​ | Summary | ​ | Applicable Fiscal | ​ | December 31 of | ​ | December 31 of | ​ | the Prior Fiscal | ​ | Stock During | ​ | ​
​ | ​ | Compensation | ​ | Year (Grant Date | ​ | the Applicable | ​ | the Applicable | ​ | Year and the | ​ | the Applicable | ​ | Compensation
​ | ​ | Table Total | ​ | Fair Value) (i) | ​ | Year (ii) | ​ | Fiscal Year (iii) | ​ | Vesting Date (iv) | ​ | Fiscal Year | ​ | Actually Paid
Year | ​ | (A) | ​ | (B) | ​ | (C) | ​ | (D) | ​ | (E) | ​ | (F) | ​ | (G)
2024 – PEO Schall |  | 9,090,073 |  | (6,223,901) |  | 10,049,766 |  | 2,383,680 |  | 1,368,536 |  | 100,233 |  | 16,768,387
2024 – Avg Other NEOs |  | 4,185,417 |  | (2,519,469) |  | 3,654,930 |  | 680,855 |  | 341,838 |  | 59,199 |  | 6,402,770
2023 – PEO Schall |  | 9,479,687 |  | (6,407,807) |  | 9,203,656 |  | 2,046,598 |  | 3,010,112 |  | 129,434 |  | 17,461,680
2023 – Avg Other NEOs |  | 4,108,271 |  | (2,374,971) |  | 3,224,566 |  | 579,192 |  | 960,183 |  | 59,694 |  | 6,556,935
2022 – PEO Schall |  | 9,393,208 |  | (6,351,246) |  | 3,705,283 |  | (2,786,237) |  | (342,670) |  | 154,340 |  | 3,772,678
2022 – PEO Naughton |  | 9,814,142 |  | (7,343,192) |  | 3,696,749 |  | (6,766,814) |  | (924,797) |  | 215,028 |  | (1,308,884)
2022 – Avg Other NEOs |  | 4,187,942 |  | (2,524,777) |  | 1,453,657 |  | (1,513,615) |  | (212,401) |  | 66,289 |  | 1,457,095
2021 – PEO Naughton |  | 14,371,460 |  | (10,551,826) |  | 14,011,349 |  | 4,604,039 |  | 3,373,073 |  | 346,146 |  | 26,154,241
2021 – Avg Other NEOs |  | 7,495,804 |  | (5,049,488) |  | 6,223,603 |  | 925,342 |  | 583,792 |  | 111,431 |  | 10,290,484
2020 – PEO Naughton |  | 11,294,333 |  | (8,497,608) |  | 2,412,393 |  | (4,958,731) |  | (4,310,055) |  | 480,633 |  | (3,579,035)
2020 – Avg Other NEOs |  | 3,530,628 |  | (2,149,216) |  | 798,282 |  | (1,039,788) |  | (831,586) |  | 118,086 |  | 426,406
| (i) | The amounts reported represent the sum of the amounts reported in the “Stock Awards” and “Option Awards” columns of the Summary Compensation Table for the applicable fiscal year.
| (ii) | No awards granted during a fiscal year vested that same year.
| (iii) | Represents the sum of the following for each equity award that was outstanding (unvested) as of December 31 of the applicable fiscal year and December 31 of the prior fiscal year: the difference between (x) the fair value of such award as of December 31 of the applicable fiscal year and (y) the fair value of such award as of December 31 of the prior fiscal year. For performance awards, the fair value represents the Monte Carlo valuation for the TSR portion and the payout corresponding to the interim level of achievement of the operating metrics portion. For options, fair value represents the Black-Scholes value.
| (iv) | For a multi-year performance award that matured (vested) on December 31 of the reported year, the fair value was the number of units earned valued at the closing price of a share of common stock on the last trading day of that year, plus the cash amount in respect of accrued dividends to be paid out upon settlement.
Compensation Actually Paid vs. Total Shareholder Return |  |  |  |  |  |  |  |
Compensation Actually Paid vs. Net Income |  |  |  |  |  |  |  |
Compensation Actually Paid vs. Company Selected Measure |  |  |  |  |  |  |  |
Total Shareholder Return Vs Peer Group |  |  |  |  |  |  |  |
Tabular List, Table | Tabular List of Performance Measures The following table includes financial performance measures that the Company determined are its most important financial measures for 2024 and they are reflected in our multi-year performance awards or annual bonus program.
​
Financial Measure
Total Shareholder Return
Core FFO per Share
Three-year Compounded Annual Growth Rate of Core FFO per Share Relative to Apartment REIT Companies
Same Store Residential Revenue
Development Yield
​ |  |  |  |  |  |  |
Total Shareholder Return Amount | $ 125 | 103 | 85 | 129 | 80 |  |  |
Peer Group Total Shareholder Return Amount | $ 120 | $ 100 | $ 94 | $ 139 | $ 85 |  |  |
Company Selected Measure Amount | $ / shares | 11.01 | 10.63 | 9.79 | 8.26 | 8.69 |  |  |
PEO Name | Mr. Schall |  |  |  |  |  |  |
Additional 402(v) Disclosure | For AvalonBay, the “compensation actually paid” to our NEOs for a given year, as calculated in accordance with Item 402(v) of Regulation S-K, includes cash amounts paid for service, the value of other items included in “all other compensation” in the Summary Compensation Table, the change in the fair value of unvested equity awards during the year (through year end or at any earlier vesting date) and the year-end fair value of equity awards granted during the year that remain unvested at year end. In this way, “compensation actually paid” takes into account changes in the fair value of equity awards using closing stock prices and Monte Carlo values. Our equity awards consisted of restricted shares of common stock, stock options, and multi-year performance awards that are earned based upon the achievement of TSR and operating metrics. Accordingly, the “compensation actually paid” to our NEOs as reported in the table below was greatly influenced by the value of our common stock price, which varied over the measurement period as illustrated in the following table:
​ | ​ | ​ | ​ | ​ | ​ | ​
Fiscal Year End |  | Closing Stock Price |  | Year over Year Change |
December 31, 2024 | ​ | $ | 219.97 |  | 17 | %
December 29, 2023 | ​ | $ | 187.22 |  | 16 | %
December 30, 2022 | ​ | $ | 161.52 |  | ‑36 | %
December 31, 2021 | ​ | $ | 252.59 |  | 57 | %
December 31, 2020 | ​ | $ | 160.43 |  | ‑23 | %
December 31, 2019 | ​ | $ | 209.70 |  | 20 | %
Equity Awards Adjustments, Footnote | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  |  |  |  |  |  |  | For Awards |  |  |  |  |  |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Outstanding | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (Unvested) as of | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | December 31 of | ​ | For Awards | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | the Applicable | ​ | that Vested | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Subtract | ​ | For Awards | ​ | Year, Add the | ​ | During the | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Summary | ​ | Subtracted in | ​ | Change in Fair | ​ | Applicable Year, | ​ | Add | ​ | ​
​ | ​ | ​ | ​ | Compensation | ​ | Column | ​ | Value Between | ​ | Add the Change | ​ | Dividends | ​ | ​
​ | ​ | ​ | ​ | Table Value | ​ | (B), Add the Fair | ​ | December 31 of | ​ | in Fair Value | ​ | Paid on | ​ | ​
​ | ​ | ​ | ​ | of Equity Awards | ​ | Value of Such | ​ | the Prior Fiscal | ​ | Between | ​ | Unvested | ​ | ​
​ | ​ | ​ | ​ | Granted in the | ​ | Awards on | ​ | Year and | ​ | December 31 of | ​ | Restricted | ​ | ​
​ | ​ | Summary | ​ | Applicable Fiscal | ​ | December 31 of | ​ | December 31 of | ​ | the Prior Fiscal | ​ | Stock During | ​ | ​
​ | ​ | Compensation | ​ | Year (Grant Date | ​ | the Applicable | ​ | the Applicable | ​ | Year and the | ​ | the Applicable | ​ | Compensation
​ | ​ | Table Total | ​ | Fair Value) (i) | ​ | Year (ii) | ​ | Fiscal Year (iii) | ​ | Vesting Date (iv) | ​ | Fiscal Year | ​ | Actually Paid
Year | ​ | (A) | ​ | (B) | ​ | (C) | ​ | (D) | ​ | (E) | ​ | (F) | ​ | (G)
2024 – PEO Schall |  | 9,090,073 |  | (6,223,901) |  | 10,049,766 |  | 2,383,680 |  | 1,368,536 |  | 100,233 |  | 16,768,387
2024 – Avg Other NEOs |  | 4,185,417 |  | (2,519,469) |  | 3,654,930 |  | 680,855 |  | 341,838 |  | 59,199 |  | 6,402,770
2023 – PEO Schall |  | 9,479,687 |  | (6,407,807) |  | 9,203,656 |  | 2,046,598 |  | 3,010,112 |  | 129,434 |  | 17,461,680
2023 – Avg Other NEOs |  | 4,108,271 |  | (2,374,971) |  | 3,224,566 |  | 579,192 |  | 960,183 |  | 59,694 |  | 6,556,935
2022 – PEO Schall |  | 9,393,208 |  | (6,351,246) |  | 3,705,283 |  | (2,786,237) |  | (342,670) |  | 154,340 |  | 3,772,678
2022 – PEO Naughton |  | 9,814,142 |  | (7,343,192) |  | 3,696,749 |  | (6,766,814) |  | (924,797) |  | 215,028 |  | (1,308,884)
2022 – Avg Other NEOs |  | 4,187,942 |  | (2,524,777) |  | 1,453,657 |  | (1,513,615) |  | (212,401) |  | 66,289 |  | 1,457,095
2021 – PEO Naughton |  | 14,371,460 |  | (10,551,826) |  | 14,011,349 |  | 4,604,039 |  | 3,373,073 |  | 346,146 |  | 26,154,241
2021 – Avg Other NEOs |  | 7,495,804 |  | (5,049,488) |  | 6,223,603 |  | 925,342 |  | 583,792 |  | 111,431 |  | 10,290,484
2020 – PEO Naughton |  | 11,294,333 |  | (8,497,608) |  | 2,412,393 |  | (4,958,731) |  | (4,310,055) |  | 480,633 |  | (3,579,035)
2020 – Avg Other NEOs |  | 3,530,628 |  | (2,149,216) |  | 798,282 |  | (1,039,788) |  | (831,586) |  | 118,086 |  | 426,406
| (i) | The amounts reported represent the sum of the amounts reported in the “Stock Awards” and “Option Awards” columns of the Summary Compensation Table for the applicable fiscal year.
| (ii) | No awards granted during a fiscal year vested that same year.
| (iii) | Represents the sum of the following for each equity award that was outstanding (unvested) as of December 31 of the applicable fiscal year and December 31 of the prior fiscal year: the difference between (x) the fair value of such award as of December 31 of the applicable fiscal year and (y) the fair value of such award as of December 31 of the prior fiscal year. For performance awards, the fair value represents the Monte Carlo valuation for the TSR portion and the payout corresponding to the interim level of achievement of the operating metrics portion. For options, fair value represents the Black-Scholes value.
| (iv) | For a multi-year performance award that matured (vested) on December 31 of the reported year, the fair value was the number of units earned valued at the closing price of a share of common stock on the last trading day of that year, plus the cash amount in respect of accrued dividends to be paid out upon settlement.
Share Price | $ / shares | $ 219.97 |  |  | $ 252.59 | $ 160.43 | $ 187.22 | $ 161.52 | $ 209.7
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $ 1,082,175,000 | $ 928,438,000 | $ 1,136,438,000 | $ 1,004,356,000 | $ 827,706,000 |  |  |
Year over Year Change | 0.17 |  |  | 0.57 | (0.23) | 0.16 | (0.36) | 0.20
Measure:: 1 |  |  |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |  |  |
Name | Total Shareholder Return |  |  |  |  |  |  |
Measure:: 2 |  |  |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |  |  |
Name | Core FFO per Share |  |  |  |  |  |  |
Non-GAAP Measure Description | The Company Selected Measure is Core FFO per share, representing the Company’s FFO as adjusted for non-core items. By adjusting for items that are not considered by us to be part of our core business operations, Core FFO can help one compare the core operating and financial performance of the Company between periods. While we consider numerous financial and non-financial performance measures for the purpose of evaluating and determining executive compensation, we consider Core FFO per share, which is one of the measures used to determine annual cash incentive compensation for our NEOs, to be the most important performance measure used to link compensation actually paid to the NEOs for fiscal year 2024 to Company performance |  |  |  |  |  |  |
Measure:: 3 |  |  |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |  |  |
Name | Three-year Compounded Annual Growth Rate of Core FFO per Share Relative to Apartment REIT Companies |  |  |  |  |  |  |
Measure:: 4 |  |  |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |  |  |
Name | Same Store Residential Revenue |  |  |  |  |  |  |
Measure:: 5 |  |  |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |  |  |
Name | Development Yield |  |  |  |  |  |  |
Benjamin W Schall |  |  |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |  |  |
PEO Total Compensation Amount | $ 9,090,073 | 9,479,687 | 9,393,208 |  |  |  |  |
PEO Actually Paid Compensation Amount | 16,768,387 | 17,461,680 | 3,772,678 |  |  |  |  |
Timothy J Naughton |  |  |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |  |  |
PEO Total Compensation Amount |  |  | 9,814,142 | $ 14,371,460 | $ 11,294,333 |  |  |
PEO Actually Paid Compensation Amount |  |  | (1,308,884) | 26,154,241 | (3,579,035) |  |  |
PEO | Benjamin W Schall | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table |  |  |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |  |  |
Adjustment to Compensation, Amount | (6,223,901) | (6,407,807) | (6,351,246) |  |  |  |  |
PEO | Benjamin W Schall | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested |  |  |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |  |  |
Adjustment to Compensation, Amount | 10,049,766 | 9,203,656 | 3,705,283 |  |  |  |  |
PEO | Benjamin W Schall | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested |  |  |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |  |  |
Adjustment to Compensation, Amount | 2,383,680 | 2,046,598 | (2,786,237) |  |  |  |  |
PEO | Benjamin W Schall | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year |  |  |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |  |  |
Adjustment to Compensation, Amount | 1,368,536 | 3,010,112 | (342,670) |  |  |  |  |
PEO | Benjamin W Schall | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year |  |  |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |  |  |
Adjustment to Compensation, Amount | 100,233 | 129,434 | 154,340 |  |  |  |  |
PEO | Timothy J Naughton | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table |  |  |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |  |  |
Adjustment to Compensation, Amount |  |  | (7,343,192) | (10,551,826) | (8,497,608) |  |  |
PEO | Timothy J Naughton | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested |  |  |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |  |  |
Adjustment to Compensation, Amount |  |  | 3,696,749 | 14,011,349 | 2,412,393 |  |  |
PEO | Timothy J Naughton | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested |  |  |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |  |  |
Adjustment to Compensation, Amount |  |  | (6,766,814) | 4,604,039 | (4,958,731) |  |  |
PEO | Timothy J Naughton | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year |  |  |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |  |  |
Adjustment to Compensation, Amount |  |  | (924,797) | 3,373,073 | (4,310,055) |  |  |
PEO | Timothy J Naughton | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year |  |  |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |  |  |
Adjustment to Compensation, Amount |  |  | 215,028 | 346,146 | 480,633 |  |  |
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table |  |  |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |  |  |
Adjustment to Compensation, Amount | (2,519,469) | (2,374,971) | (2,524,777) | (5,049,488) | (2,149,216) |  |  |
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested |  |  |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |  |  |
Adjustment to Compensation, Amount | 3,654,930 | 3,224,566 | 1,453,657 | 6,223,603 | 798,282 |  |  |
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested |  |  |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |  |  |
Adjustment to Compensation, Amount | 680,855 | 579,192 | (1,513,615) | 925,342 | (1,039,788) |  |  |
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year |  |  |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |  |  |
Adjustment to Compensation, Amount | 341,838 | 960,183 | (212,401) | 583,792 | (831,586) |  |  |
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year |  |  |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |  |  |
Adjustment to Compensation, Amount | $ 59,199 | $ 59,694 | $ 66,289 | $ 111,431 | $ 118,086 |  |  |

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