Want to see IRT full AI Analyst Report?
Average Occupancy Rate
Percentage of units leased on average, measuring how well the company keeps units filled and cash flow steady. High occupancy supports predictable income and rent growth; declining occupancy can foreshadow revenue declines, higher marketing and turnover costs, and greater earnings volatility.Occupancy has remained stubbornly in the mid‑90s, reflecting portfolio resilience that supports IRT’s affirmed FFO guidance and sizable buybacks. Recent modest dips tie to elevated concessions, negative new‑lease trade‑outs and lower occupancy in value‑add/lease‑up pockets rather than broad demand loss. Management expects concessions to moderate and lease spreads to improve, which should steady occupancy, but watch market‑specific supply and the pace of value‑add stabilizations—they’re the main near‑term risks to NOI and deleveraging targets.
Date | Average Occupancy Rate |
|---|---|
Jun 30, 2026 | 94.90 |
Mar 31, 2026 | 94.70 |
Dec 31, 2025 | 95.00 |
Sep 30, 2025 | 94.90 |
Jun 30, 2025 | 95.20 |
Mar 31, 2025 | 95.30 |
Dec 31, 2024 | 95.00 |
Sep 30, 2024 | 95.40 |
Jun 30, 2024 | 95.30 |
Mar 31, 2024 | 94.40 |