AvalonBay Communities Inc. closed 2025 with a solid fourth-quarter revenue of $767.9 million, slightly beating Wall Street expectations, while funds from operations (FFO) reached $404.1 million, or $2.85 per share. The company achieved a record low turnover rate of 41% and raised $2.4 billion in capital to fund significant development projects. As it faces legislative hurdles impacting rental revenue in key states, AvalonBay projects a modest revenue growth of 1.4% for 2026, maintaining its quarterly dividend at $1.78 per share to entice investors.