| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q2'26 | July 30, 2026 | 6/12 | 3 medium, 3 low flags | 0 | 1 | Call sheet → |
| Q1'26 | April 30, 2026 | 10/12 | 4 medium, 2 low flags | 1 | 1 | Call sheet → |
| Q4'25 | February 5, 2026 | 10/12 | 1 medium, 7 low flags | 2 | 1 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q2'26 | Pending | $25M+ incremental NOI from lease-up properties in 2026 Reaffirmed but Charlotte struggles suggest risk to achievement |
| Q2'26 | Pending | Charlotte properties to begin repricing in spring 2027 Quietly walked back to vague 'momentum' language, suggests timeline slipping |
| Q2'26 | Missed | Gradual seasonal improvement in new lease rates through Q2 and early Q3 Admitted 'pace is slower than we would like' and July pricing similar to Q2 |
| Q2'26 | Pending | Wi-Fi expansion to 35+ properties in 2026 Now saying 38 properties, slightly ahead of plan with revenue growing faster than expected |
| Q2'26 | Pending | Four development starts in 2026 One started in Q2, one in July, committed to two more but reduced from original 5-7 target |
| Q2'26 | Pending | Blended lease growth of 1-1.5% for full year 2026 Tracking at 0.3% YTD, needs significant H2 acceleration to hit low end of range |
| Q1'26 | Pending | Physical occupancy to average 95.6% for 2026 Q1 at 95.5%, April holding at 95.5%, consistent with guidance |
| Q1'26 | Pending | Gradual seasonal improvement in new lease rates 110bps sequential improvement in Q1, expect acceleration through July |
| Q1'26 | Delivered | Renewal pricing in 5% to 5.25% range throughout 2026 Q1 renewal rates above 5% and improving 70bps sequentially |
| Q1'26 | Pending | Development spend of $350-450 million in 2026 Revised down to $350M from original $400M, but still up from 2025's $315M |
| Q1'26 | Missed | 5 to 7 development starts in 2026 Reduced to 4 expected starts, cited approval and construction timeline delays |
| Q1'26 | Pending | Blended lease rates improvement of 1% to 1.5% for 2026 Q1 delivered -0.3% but with 140bps sequential improvement, on track for full year guidance |
| Q4'25 | Pending | Starting construction on 6 to 8 projects over next 6 quarters Updated to 5-7 projects in 2026, slightly reduced scope |
| Q4'25 | Pending | Expect blended pricing to be better than last year in Q1 Will be measured in Q1 2026 results |
| Q4'25 | Delivered | Continue to see new lease rates improve over prior year Q4 new lease rates went from -5.2% to flat YoY, significant improvement |
| Q4'25 | Pending | Five additional repositioning projects underway with repricing in mid-2026 Still on track according to Q4 comments, no change to timeline |
| Q4'25 | Missed | WiFi projects: 20 or so expected to be live by end of 2025 Only got 14 of 23 projects live by Q4, with 9 remaining expected in Q1 2026 |
| Q4'25 | Delivered | Expect to renovate approximately 6,000 units in 2025 Completed 5,995 units for full year, essentially hit the target |
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