Equity (Tables)

3 Months Ended

Mar. 31, 2020

The following summarizes the changes in equity for the three months ended March 31, 2020 (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, 2019	$	1,406	$	10,736,733		$	282,913		$	(31,503	)	$	10,989,549		$	649		$	10,990,198
Net income attributable to common stockholders	—		—			167,971			—			167,971			—			167,971
Loss on cash flow hedges, net	—		—			—			(17,603		)	(17,603		)	—			(17,603		)
Cash flow hedge losses reclassified to earnings	—		—			—			1,949			1,949			—			1,949
Change in redemption value of redeemable noncontrolling interest	—		—			471			—			471			—			471
Noncontrolling interests income allocation	—		—			—			—			—			(35		)	(35		)
Dividends declared to common stockholders ($1.59 per share)	—		—			(224,083		)	—			(224,083		)	—			(224,083		)
Issuance of common stock, net of withholdings	1		(12,492		)	(1,616		)	—			(14,107		)	—			(14,107		)
Amortization of deferred compensation	—		7,781			—			—			7,781			—			7,781
Balance at March 31, 2020	$	1,407	$	10,732,022		$	225,656		$	(47,157	)	$	10,911,928		$	614		$	10,912,542

The following summarizes the changes in equity for the three months ended March 31, 2019 (dollars in thousands):



	Common stock		Additional paid-in capital		Accumulated earnings less dividends			Accumulated other comprehensive loss			Total equity

Balance at December 31, 2018	$	1,385	$	10,306,588	$	350,777		$	(26,144	)	$	10,632,606
Net income attributable to common stockholders	—		—		170,366			—			170,366
Loss on cash flow hedges, net	—		—		—			(7,231		)	(7,231		)
Cash flow hedge losses reclassified to earnings	—		—		—			1,468			1,468
Change in redemption value of redeemable noncontrolling interest	—		—		(224		)	—			(224		)
Dividends declared to common stockholders ($1.52 per share)	—		—		(212,166		)	—			(212,166		)
Issuance of common stock, net of withholdings	9		143,202		(1,892		)	—			141,319
Amortization of deferred compensation	—		7,861		—			—			7,861
Balance at March 31, 2019	$	1,394	$	10,457,651	$	306,861		$	(31,907	)	$	10,733,999