Occupancy Momentum

Occupancy data from the second quarter confirm continued demand momentum. As of May 31 2026, weighted‑average occupancy stood at 82.5 %, a 250‑basis‑point jump from the prior year and 20 basis points above April. The company can serve approximately 46,000 residents across 543 communities in 41 states, with an expected average consolidated unit count of about 42,800 for Q2 2026. Year‑over‑year occupancy improved to 82.1 % in Q1, up from 79.3 % a year earlier, though it dipped from 82.5 % in Q4 2025 due to seasonal weather and rate adjustments.