1Q2021 Residential REIT Earnings

Eight residential REITS reported 1Q2021 earnings within the past week. Key trends include improving rent collection rates, rising occupancy, and increasing rent rates over 4Q2020.

More specifically, operating highlights include: 1) sunbelt strength in rent collections and relative weakness in urban, coastal collections; 2) occupancy trends improving in coastal cities; and 3) challenged blended leasing spreads for companies exposed to coastal, urban markets, but signs of emerging strength in April.

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