Leasing Performance

Key Metrics

Occupancy Trend

Are properties gaining or losing residents? Occupancy below ~95% typically means revenue loss is outpacing leasing velocity. Each line is a property, so you can spot whether dips are portfolio-wide or site-specific.

Portfolio occupancy is 87.7% — significantly below the 95% benchmark. This level of vacancy is a material drag on revenue and warrants urgent review of leasing velocity and retention strategy.

Monthly Move-Ins vs Move-Outs

How much turnover is happening each month? When move-outs consistently exceed move-ins, occupancy drops. Seasonal spikes are normal — summer is peak moving season — but persistent imbalances signal a leasing or retention problem. The net absorption line shows the difference: positive means more move-ins than move-outs.

Monthly Renewals

How many residents are choosing to stay? Renewals are the cheapest way to maintain occupancy — every renewal avoids the cost of a vacancy, turn, and new lease-up. A drop in renewals often shows up as higher move-outs a few months later.

Renewal Rate Trend

What share of expiring leases result in renewals vs move-outs? A rising renewal rate means retention is improving and turnover costs are falling. Dips often coincide with above-market renewal offers or seasonal moving patterns.

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Turnover Rate Trend

Is turnover accelerating or slowing down? This shows the trailing-12-month turnover rate: total move-outs over the prior 12 months as a percentage of units. A rate above ~50% means on average half the portfolio turns over in a year — expensive in make-ready, vacancy loss, and lease-up costs.

Note: Only 11 months of data available — the rate is annualized from the available history and will stabilize as more months accumulate.

The trailing 12-month turnover rate is 0% — well below the 50% industry benchmark. Low turnover means less vacancy loss and fewer make-ready costs.

Lease Type Mix

What kinds of leases are being signed? "New" leases fill vacant units, "renewals" retain existing residents, and "transfers" move residents between units. The mix tells you whether growth is coming from new demand or retention.

Top Move-Out Reasons

Why are residents leaving? Some reasons are uncontrollable (job relocation, life changes), but others — like rent increases, maintenance issues, or neighbor complaints — point to actionable retention opportunities.