AVALONBAY CMNTYS INC

Ticker: AVB CUSIP: 053484101 Class: COM

Arizona State Retirement System's Holding History (CIK: 0001558481)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 39,072 Value ($000) $7,084 Avg Close $179.77 Range $165.15 - $191.98

Q3 2025

Shares 41,968 Value ($000) $8,107 Avg Close $191.17 Range $177.89 - $202.68

Q2 2025

Shares 41,612 Value ($000) $8,468 Avg Close $199.04 Range $175.56 - $210.66

Q1 2025

Shares 41,133 Value ($000) $8,828 Avg Close $209.57 Range $199.61 - $222.20

Q4 2024

Shares 41,307 Value ($000) $9,086 Avg Close $216.25 Range $206.96 - $229.18

Q3 2024

Shares 40,736 Value ($000) $9,176 Avg Close $205.33 Range $190.30 - $224.57

Q2 2024

Shares 39,013 Value ($000) $8,071 Avg Close $182.28 Range $167.23 - $198.13

Q1 2024

Shares 40,754 Value ($000) $7,562 Avg Close $167.99 Range $158.16 - $176.02

Q4 2023

Shares 39,956 Value ($000) $7,481 Avg Close $161.55 Range $148.53 - $178.96

Q3 2023

Shares 40,193 Value ($000) $6,903 Avg Close $169.52 Range $157.16 - $182.14

Q2 2023

Shares 40,021 Value ($000) $7,575 Avg Close $162.28 Range $149.19 - $175.29

Q1 2023

Shares 38,197 Value ($000) $6,419 Avg Close $153.48 Range $137.68 - $167.10

Q4 2022

Shares 38,100 Value ($000) $6,154 Avg Close $151.65 Range $141.03 - $169.04

Q3 2022

Shares 38,006 Value ($000) $7,000 Avg Close $178.22 Range $160.20 - $194.63

Q2 2022

Shares 38,341 Value ($000) $7,448 Avg Close $189.75 Range $160.59 - $226.69

Q1 2022

Shares 38,345 Value ($000) $9,524 Avg Close $212.68 Range $199.34 - $225.50

Q4 2021

Shares 38,239 Value ($000) $9,659 Avg Close $206.31 Range $189.24 - $221.63

Q3 2021

Shares 38,930 Value ($000) $8,628 Avg Close $192.84 Range $178.76 - $200.51

Q2 2021

Shares 39,092 Value ($000) $8,158 Avg Close $170.51 Range $156.48 - $184.66

Q1 2021

Shares 39,342 Value ($000) $7,259 Avg Close $147.80 Range $130.86 - $165.19

Q4 2020

Shares 40,610 Value ($000) $6,515 Avg Close $133.06 Range $109.91 - $154.34

Q3 2020

Shares 42,799 Value ($000) $6,392 Avg Close $126.71 Range $118.63 - $135.86

Q2 2020

Shares 33,037 Value ($000) $5,109 Avg Close $129.64 Range $106.71 - $145.90

Q1 2020

Shares 50,602 Value ($000) $7,447 Avg Close $163.41 Range $95.83 - $186.04

Q4 2019

Shares 43,373 Value ($000) $9,095 Avg Close $172.50 Range $165.91 - $179.43

Q3 2019

Shares 42,187 Value ($000) $9,084 Avg Close $167.15 Range $158.16 - $174.16

Q2 2019

Shares 41,995 Value ($000) $8,533 Avg Close $160.79 Range $151.87 - $168.00

Q1 2019

Shares 44,742 Value ($000) $8,981 Avg Close $150.51 Range $132.54 - $159.87

Q4 2018

Shares 48,470 Value ($000) $8,436 Avg Close $141.10 Range $130.38 - $149.82

Q3 2018

Shares 59,170 Value ($000) $10,719 Avg Close $138.32 Range $130.81 - $144.00

Q2 2018

Shares 59,125 Value ($000) $10,163 Avg Close $126.88 Range $120.45 - $134.30

Q1 2018

Shares 53,037 Value ($000) $8,722 Avg Close $124.68 Range $116.09 - $136.28

Q4 2017

Shares 50,437 Value ($000) $8,998 Avg Close $136.97 Range $132.17 - $142.53

Q3 2017

Shares 47,943 Value ($000) $8,554 Avg Close $140.26 Range $132.94 - $146.79

Q2 2017

Shares 60,966 Value ($000) $11,716 Avg Close $142.09 Range $135.22 - $148.23

Q1 2017

Shares 72,258 Value ($000) $13,267 Avg Close $132.32 Range $124.96 - $138.60

Q4 2016

Shares 72,258 Value ($000) $12,801 Avg Close $123.37 Range $115.82 - $131.06

Q3 2016

Shares 72,158 Value ($000) $12,833 Avg Close $130.70 Range $122.41 - $136.52

Q2 2016

Shares 71,758 Value ($000) $12,944 Avg Close $129.86 Range $120.04 - $138.55

Q1 2016

Shares 78,458 Value ($000) $14,923 Avg Close $126.35 Range $114.93 - $137.26

Q4 2015

Shares 76,058 Value ($000) $14,005 Avg Close $127.20 Range $119.95 - $133.33

Q3 2015

Shares 63,058 Value ($000) $11,024 Avg Close $119.50 Range $112.12 - $127.12

Q4 2014

Shares 54,958 Value ($000) $8,979 Avg Close $108.21 Range $97.29 - $117.40

Q3 2014

Shares 54,658 Value ($000) $7,705 Avg Close $101.55 Range $96.10 - $107.55

Q2 2014

Shares 53,058 Value ($000) $7,544 Avg Close $93.88 Range $88.27 - $98.09

Q1 2014

Shares 33,958 Value ($000) $4,459 Avg Close $84.84 Range $76.80 - $89.72

Q4 2013

Shares 34,758 Value ($000) $4,109 Avg Close $82.16 Range $77.35 - $90.10

Q3 2013

Shares 36,158 Value ($000) $4,595 Avg Close $87.24 Range $80.23 - $93.70

Q2 2013

Shares 36,158 Value ($000) $4,878 Avg Close $87.72 Range $83.10 - $93.12

Q1 2013

Shares 33,158 Value ($000) $4,200 Avg Close $85.02 Range $80.03 - $90.75

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	39,072	$7,084	$179.77	$165.15 - $191.98
Q3 2025	41,968	$8,107	$191.17	$177.89 - $202.68
Q2 2025	41,612	$8,468	$199.04	$175.56 - $210.66
Q1 2025	41,133	$8,828	$209.57	$199.61 - $222.20
Q4 2024	41,307	$9,086	$216.25	$206.96 - $229.18
Q3 2024	40,736	$9,176	$205.33	$190.30 - $224.57
Q2 2024	39,013	$8,071	$182.28	$167.23 - $198.13
Q1 2024	40,754	$7,562	$167.99	$158.16 - $176.02
Q4 2023	39,956	$7,481	$161.55	$148.53 - $178.96
Q3 2023	40,193	$6,903	$169.52	$157.16 - $182.14
Q2 2023	40,021	$7,575	$162.28	$149.19 - $175.29
Q1 2023	38,197	$6,419	$153.48	$137.68 - $167.10
Q4 2022	38,100	$6,154	$151.65	$141.03 - $169.04
Q3 2022	38,006	$7,000	$178.22	$160.20 - $194.63
Q2 2022	38,341	$7,448	$189.75	$160.59 - $226.69
Q1 2022	38,345	$9,524	$212.68	$199.34 - $225.50
Q4 2021	38,239	$9,659	$206.31	$189.24 - $221.63
Q3 2021	38,930	$8,628	$192.84	$178.76 - $200.51
Q2 2021	39,092	$8,158	$170.51	$156.48 - $184.66
Q1 2021	39,342	$7,259	$147.80	$130.86 - $165.19
Q4 2020	40,610	$6,515	$133.06	$109.91 - $154.34
Q3 2020	42,799	$6,392	$126.71	$118.63 - $135.86
Q2 2020	33,037	$5,109	$129.64	$106.71 - $145.90
Q1 2020	50,602	$7,447	$163.41	$95.83 - $186.04
Q4 2019	43,373	$9,095	$172.50	$165.91 - $179.43
Q3 2019	42,187	$9,084	$167.15	$158.16 - $174.16
Q2 2019	41,995	$8,533	$160.79	$151.87 - $168.00
Q1 2019	44,742	$8,981	$150.51	$132.54 - $159.87
Q4 2018	48,470	$8,436	$141.10	$130.38 - $149.82
Q3 2018	59,170	$10,719	$138.32	$130.81 - $144.00
Q2 2018	59,125	$10,163	$126.88	$120.45 - $134.30
Q1 2018	53,037	$8,722	$124.68	$116.09 - $136.28
Q4 2017	50,437	$8,998	$136.97	$132.17 - $142.53
Q3 2017	47,943	$8,554	$140.26	$132.94 - $146.79
Q2 2017	60,966	$11,716	$142.09	$135.22 - $148.23
Q1 2017	72,258	$13,267	$132.32	$124.96 - $138.60
Q4 2016	72,258	$12,801	$123.37	$115.82 - $131.06
Q3 2016	72,158	$12,833	$130.70	$122.41 - $136.52
Q2 2016	71,758	$12,944	$129.86	$120.04 - $138.55
Q1 2016	78,458	$14,923	$126.35	$114.93 - $137.26
Q4 2015	76,058	$14,005	$127.20	$119.95 - $133.33
Q3 2015	63,058	$11,024	$119.50	$112.12 - $127.12
Q4 2014	54,958	$8,979	$108.21	$97.29 - $117.40
Q3 2014	54,658	$7,705	$101.55	$96.10 - $107.55
Q2 2014	53,058	$7,544	$93.88	$88.27 - $98.09
Q1 2014	33,958	$4,459	$84.84	$76.80 - $89.72
Q4 2013	34,758	$4,109	$82.16	$77.35 - $90.10
Q3 2013	36,158	$4,595	$87.24	$80.23 - $93.70
Q2 2013	36,158	$4,878	$87.72	$83.10 - $93.12
Q1 2013	33,158	$4,200	$85.02	$80.03 - $90.75