While Mid-America Apartment's (MAA) Q1 results reflect an increase in the average effective rent per unit, a decline in average physical occupancy for the same-store portfolio and higher expenses act as a dampener.
Essex Property's (ESS) Q1 results reflect improving same-property revenues. This residential REIT has also revised its 2024 guidance.
UDR's Q1 results reflect an increase in revenues from same-store communities and growth from past accretive external investments, though a rise in expenses acts as a dampener.