In short, results are good...very good. AVB CPT ESS MAA and UDR all increased guidance. Rental growth remains very strong in July and renewals sent out for Aug-Oct have large rental increases. This means that 2023 will be another very good year as 2022 rental increases have a full year impact on the 2023 income statement. I'm too lazy to type so I simply linked to my Tweet updates for the multifamily REITs I wrote about last month.
As always, THIS IS NOT INVESTMENT ADVICE. Eric Bokota owns shares in AVB CPT ESS MAA and UDR. DO YOUR OWN WORK.
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