Vacancy Rising For Apartment REITs

fotografixxWe cover six apartment REITs:  AvalonBay (AVB) Equity Residential (EQR) Camden Property Trust (CPT) Essex Property Trust (ESS) Mid-America Apartment Communities (MAA) UDR (UDR)  We also cover two single manufactured home park REITs and two single-family housing REITs, but they aren’t the focus today. Vacancy Apartment vacancy continues to increase.  Q3 2023: 5.2% Q4 2023: 5.4%  For reference, the pandemic peak:  Q1 2021: 5.5% Q2 2021: 5.5%  This isn’t a perfect comparison. Occupancy during th ...