Post by
autofocus111 on Oct 08, 2023 6:45pm
There it is again
A new pre-earnings update with the same statement about strategic moderation of rent increases. Why would you want to do that, even as your costs rise due to inflation and higher lending rates? The only conclusion I can arrive at is that if they try for higher increases, renters will not sign up for it, despite the tight market Do renters see better value/quality at competitors?
>>>Our team remains committed to retaining the relative affordability of our communities through our strategic moderation of both renewals and new leases in our non-price controlled markets, where occupied rents remain below inflation-adjusted levels since 2014.
Comment by
malx1 on Oct 11, 2023 3:20pm
@autofocus123 you're a funny guy
Comment by
autofocus111 on Oct 23, 2023 6:09pm
It's funny that you choose to ignore the apparent weak pricing power BEI has for its units in markets where there is no rent control.
Comment by
malx1 on Oct 24, 2023 3:27pm
Yet, here you remain. Still owning units. Still complaining about management and the business for more than a decade. For someone who says they sold at $70, you sure have a lotta concerns about maximizing revenues during a housing shortage. Like I said, you're a funny guy. Ever thought about calling their HR to clarify? Why not attend their AGM and ask the founders?