RE:The thing that irks meQ3/Q2 & YoY same property NOI declined, AFFO as well
Could be the start of multifamily supply glut
CC comments (not 100% certain, memory) = 75000 units supply coming on in the sunbelt in 2025, moderation in 2026 however so all is well, nothing to see here
Humor:
https://www.google.com/search?q=all+is+well%2C+nothing+to+see+here&rlz=1C1CHBF_enCA947CA947&oq=all+is+well%2C+nothing+to+see+here&gs_lcrp=EgZjaHJvbWUyBggAEEUYOTIHCAEQABiABDIICAIQABgWGB4yCAgDEAAYFhgeMggIBBAAGBYYHjINCAUQABiGAxiABBiKBTINCAYQABiGAxiABBiKBTINCAcQABiGAxiABBiKBTINCAgQABiGAxiABBiKBTIKCAkQABiABBiiBNIBCDM4MjlqMGo3qAIIsAIB&sourceid=chrome&ie=UTF-8#fpstate=ive&vld=cid:a7faee8d,vid:aKnX5wci404,st:0
Hopefully for share holders things stabilize and this is not the start of an unpleasant decline