Multifamily REITs Grow More Optimistic on Apartment Recovery
Multifamily REIT executives said renter demand is holding up as new apartment supply begins to peak, citing stronger absorption and moderating deliveries on Q2 earnings calls. MAA highlighted resilient demand and declining deliveries. AvalonBay and Equity Residential proposed a merger. Camden sold a 11-community California portfolio for about $1.62B. Q2 core FFO per share: AVB $2.86, CPT $1.68, ELS $1.00, MAA $2.08, UDR $0.60, ES $4.08, UDR $0.60, CPC $1.27.



