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Equity (Tables)
6 Months Ended
Jun. 30, 2020
Stockholders' Equity Note [Abstract]  
Summary of changes in equity

The following summarizes the changes in equity for the six months ended June 30, 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

Net income attributable to common stockholders

 

 
170,828

 

 
170,828

 

 
170,828

Loss on cash flow hedges, net

 

 

 
(1,461
)
 
(1,461
)
 

 
(1,461
)
Cash flow hedge losses reclassified to earnings

 

 

 
2,301

 
2,301

 

 
2,301

Change in redemption value of redeemable noncontrolling interest

 

 
(146
)
 

 
(146
)
 

 
(146
)
Noncontrolling interests income allocation

 

 

 

 

 
1

 
1

Dividends declared to common stockholders ($1.59 per share)

 

 
(224,172
)
 

 
(224,172
)
 

 
(224,172
)
Issuance of common stock, net of withholdings

 
1,050

 
138

 

 
1,188

 

 
1,188

Amortization of deferred compensation

 
9,724

 

 

 
9,724

 

 
9,724

Balance at June 30, 2020
$
1,407

 
$
10,742,796

 
$
172,304

 
$
(46,317
)
 
$
10,870,190

 
$
615

 
$
10,870,805



The following summarizes the changes in equity for the six months ended June 30, 2019 (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, 2018
$
1,385

 
$
10,306,588

 
$
350,777

 
$
(26,144
)
 
$
10,632,606

 
$

 
$
10,632,606

Net income attributable to common stockholders

 

 
170,366

 

 
170,366

 

 
170,366

Loss on cash flow hedges, net

 

 

 
(7,231
)
 
(7,231
)
 

 
(7,231
)
Cash flow hedge losses reclassified to earnings

 

 

 
1,468

 
1,468

 

 
1,468

Change in redemption value of redeemable noncontrolling interest

 

 
(224
)
 

 
(224
)
 

 
(224
)
Dividends declared to common stockholders ($1.52 per share)

 

 
(212,166
)
 

 
(212,166
)
 

 
(212,166
)
Issuance of common stock, net of withholdings
9

 
143,202

 
(1,892
)
 

 
141,319

 

 
141,319

Amortization of deferred compensation

 
7,861

 

 

 
7,861

 

 
7,861

Balance at March 31, 2019
$
1,394

 
$
10,457,651

 
$
306,861

 
$
(31,907
)
 
$
10,733,999

 
$

 
$
10,733,999

Net income attributable to common stockholders

 

 
168,281

 

 
168,281

 

 
168,281

Loss on cash flow hedges, net

 

 

 
(2,888
)
 
(2,888
)
 

 
(2,888
)
Cash flow hedge losses reclassified to earnings

 

 

 
1,611

 
1,611

 

 
1,611

Change in redemption value of redeemable noncontrolling interest

 

 
(45
)
 

 
(45
)
 

 
(45
)
Noncontrolling interests income allocation

 

 

 

 

 
530

 
530

Dividends declared to common stockholders ($1.52 per share)

 

 
(212,549
)
 

 
(212,549
)
 

 
(212,549
)
Issuance of common stock, net of withholdings
3

 
50,803

 

 

 
50,806

 

 
50,806

Amortization of deferred compensation

 
10,785

 

 

 
10,785

 

 
10,785

Balance at June 30, 2019
$
1,397

 
$
10,519,239

 
$
262,548

 
$
(33,184
)
 
$
10,750,000

 
$
530

 
$
10,750,530