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Jay Parsons shares his main takeaways from the latest earnings call season for apartment and single-family rental REITs.
He addresses topics such as the impact of ROAD, Sun Belt recovery, renter financial health, and Camden's decision to exit California.
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Parsons previously reported that apartment investors have shifted capital away from Maryland suburbs following new rent control, with Northern Virginia remaining more attractive. He also highlighted New York Fed data showing the share of U.S. renters planning to move within three years is projected to fall from 56% in 2019 to 37% in 2026, according to recent survey findings. These insights provide additional context to current trends discussed in recent REIT earnings calls.