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Weighted Average Square Foot Occupancy
Reflects the percentage of total rentable space that is occupied, offering a view on demand and operational efficiency.Weighted-average square-foot occupancy has drifted from COVID-era highs into the low-90s and now appears stabilized rather than recovering to prior peaks, meaning limited organic NOI upside from occupancy alone. Management’s +0.4% same-store occupancy callout contrasts with this weighted-average flatness, implying gains are localized or metric-dependent. With an assumed -80bp LA drag, Sunbelt new-supply pressure, and midyear revenue caution, expect occupancy to remain range-bound; near-term growth will rely more on ancillary income, acquisitions (NSA) and development yields than broad occupancy gains.
Date | Weighted Average Square Foot Occupancy |
|---|---|
Jun 30, 2026 | 92.50 |
Mar 31, 2026 | 91.50 |
Dec 31, 2025 | 91.60 |
Sep 30, 2025 | 92.20 |
Jun 30, 2025 | 92.60 |
Mar 31, 2025 | 91.50 |
Dec 31, 2024 | 91.80 |
Sep 30, 2024 | 92.70 |
Jun 30, 2024 | 93.00 |
Mar 31, 2024 | 92.10 |