Occupancy Analysis
Physical vs Performing occupancy across 82 facilities
Physical Occ
--
All units
Rentable Occ
--
Excl. unavailable
Economic Occ
--
Revenue / GPR
Performing Occ
--
Excl. overlocked
Physical - Performing Gap
--
problem units
Performing Occupancy Distribution
Physical vs Performing Gap (Top 15)
Why is Performing < Physical?
Physical occupancy counts all rented units. But 1,177 rented units are overlocked or need overlock -- these units are technically "rented" but the tenant isn't actively using or paying for them. Performing occupancy excludes these, giving a more accurate picture of real revenue-generating occupancy.
Opportunity: If Performing Reached 80%
At 80% performing occupancy, the portfolio would need -- more performing units. At the average rent of $--/mo, that represents an additional $--/yr in revenue.
All Facilities - Occupancy Breakdown
| Facility | Category | Total Units | Rented | Performing | Physical Occ | Performing Occ | Economic Occ | Gap (pts) | Problem Units |
|---|