| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q2'26 | July 30, 2026 | 7/12 | 1 high, 4 medium, 2 low flags | 4 | 0 | Call sheet → |
| Q1'26 | April 30, 2026 | 9/12 | 1 high, 4 medium, 3 low flags | 2 | 0 | Call sheet → |
| Q4'25 | February 19, 2026 | 9/12 | 1 high, 4 medium, 2 low flags | 7 | 0 | Call sheet → |
| Q3'25 | October 30, 2025 | 10/12 | 1 medium, 5 low flags | 4 | 0 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q2'26 | Pending | $250M wholly owned acquisition guidance Only $74M completed in Q2, needs significant H2 acceleration |
| Q2'26 | Delivered | New lease growth to turn positive in peak season Turned positive in April at 0.5%, accelerated to 1.1% in Q2 |
| Q2'26 | Exceeded | Maintain 5.5-6x leverage target At 5.4x, below target range despite aggressive buybacks |
| Q2'26 | Delivered | Continue using ResiBuild primarily as fee builder 300+ homes delivered to third parties, minimal build for own account |
| Q2'26 | Pending | Full-year expense guidance of 3-4% Q2 at 1.9% but comps get harder, maintaining guidance suggests H2 acceleration |
| Q2'26 | Delivered | Occupancy normalization to 96-97% range by Q2 Hit 97.1% average in Q2, exactly where they guided |
| Q1'26 | Exceeded | $550M dispositions at guidance midpoint Q1 at $206M already, described as 'well ahead of expectations' |
| Q1'26 | Pending | Property tax growth of 4-5% in guidance No Q1 update provided, watching for midyear adjustment |
| Q1'26 | Pending | 96.3% average occupancy at midpoint Q1 averaged 96.3%, April jumped to 97.1% |
| Q1'26 | Pending | Mid-2% blended rent growth for 2026 Q1 at 1.6% but April improved to 2.3%, peak season ahead |
| Q1'26 | Exceeded | $500M share repurchase program execution Completed full authorization in Q1, Board approved new $500M program |
| Q1'26 | Pending | ResiBuilt to generate modest AFFO accretion in 2026 Delivered 300+ homes to third parties in Q1, on track for fee income |
| Q1'26 | Pending | Same store NOI growth of 0.3% to 2% for 2026 Q1 at -0.3% but guided expense comps to normalize through year |
| Q4'25 | Delivered | Targeted specials in slower seasonal period Ran $500 off specials in Q4, now removed for spring season |
| Q4'25 | Exceeded | Construction lending program gaining traction Acquired entire ResiBuilt platform instead |
| Q4'25 | Exceeded | Insurance expense moderation 21.1% decrease year-over-year in Q4 |
| Q4'25 | Delivered | Property tax expense better than guidance Came in at bottom end of 5-6% range |
| Q4'25 | Delivered | Renewal business remaining reliable source of strength 4.2% Q4 growth, 75% of book renewed as expected |
| Q4'25 | Delivered | Average occupancy at high end of 2025 guidance 96.8% actual hit high end of range |
| Q4'25 | Delivered | Same-store NOI growth above midpoint of guidance range 2.3% actual vs 2.25% midpoint - slight beat |
| Q3'25 | Exceeded | Renewal strength to continue given customer tenure Renewal growth accelerated to 4.5% vs 4.2% in Q2 |
| Q3'25 | Exceeded | Supply to continue coming down in second half Supply trends better than expected in Florida and Atlanta |
| Q3'25 | Pending | Property tax bills from Florida and Georgia to be key factor Jon said 'we'll know a lot more 60 days from now' in Q2, now reporting 6.3% growth |
| Q3'25 | Delivered | New lease pressure in Q3 due to seasonal patterns and supply New lease went negative as warned |
| Q3'25 | Delivered | Occupancy to moderate to mid-96% range Hit 96.5% in Q3, 96% in October as expected |
| Q3'25 | Pending | Acquisitions of $500M-$700M for 2025 Now confident will 'meet or exceed' vs previous guidance range |
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