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Average Occupancy
Indicates the percentage of rental units occupied, reflecting demand for properties and potential rental income stability.Occupancy has been remarkably steady in the mid‑90s for years, reflecting resilient demand and record-low turnover/collections noted on the call; April’s uptick (~95.4%) reinforces leasing momentum. That stability underpins predictable cash flow and justifies heavy buybacks, but it also limits upside—management’s modest same‑store NOI guidance, seasonal Q2 compression, and market-specific softness (Houston, Denver CBD) mean occupancy alone is unlikely to drive meaningful FFO upside this year.
Date | Average Occupancy |
|---|---|
Jun 30, 2026 | 96.00 |
Mar 31, 2026 | 95.00 |
Dec 31, 2025 | 95.00 |
Sep 30, 2025 | 96.00 |
Jun 30, 2025 | 96.00 |
Mar 31, 2025 | 95.00 |
Dec 31, 2024 | 95.00 |
Sep 30, 2024 | 95.00 |
Jun 30, 2024 | 95.00 |
Mar 31, 2024 | 95.00 |