May 2024 Observations: Sequentially, May weighted average occupancy increased 20 basis points while month end occupancy increased 30 basis points, supported by ongoing improvement in resident retention. May weighted average occupancy reflected a continued outperformance versus pre-pandemic normal seasonality and represented the company’s thirty-first consecutive month of year-over-year weighted average occupancy growth. Second quarter-to-date weighted average occupancy increased 160 basis points to 78.0% compared to 76.4% for the comparable period of 2023.
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