Exhibit 99.2 For Immediate News Release February 4, 2026 AVALONBAY COMMUNITIES, INC. ANNOUNCES 2025 OPERATING RESULTS, 1.7% DIVIDEND INCREASE AND INITIAL 2026 OUTLOOK (Arlington, VA) AvalonBay Communities, Inc. (NYSE: AVB) (the "Company") reported Earnings per Share – diluted ("EPS"), Funds from Operations attributable to common stockholders - diluted ("FFO") per share and Core FFO per share (as defined in this release) for the three months and year ended December 31, 2025 and 2024 as detailed below. | | | ...