Chart Of The Week – July 24th 2023

Revenue per available unit (RevPAU) is the most comprehensive single statistic to assess apartment performance over time. Taking into account both net effective rent and occupancy, RevPAU provides the most concise view of earning potential at a given property. This week we look at RevPAU indexed to 100 starting January 1, 2018. While RevPAU is up nearly 15% over the past five years, the tremendous growth in 2021 and 2022 has been overshadowed by a quick decline and relative stagnation this year. In coming weeks we will expand our RevPAU index to look at the impact of net effective rent and occupancy at the market level.