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Analyst
Dan Tricarico
Period: Reporting periods mapped to calendar 2024 Q4 – 2025 Q1 (2 quarters).
- Questions
- 9on tracked calls
- Challenge rate
- 0%none of 9 questionsLimited sample
- Companies
- 4questioned at least once
- Reporting periods
- 2with questions
These figures cover the whole profile: every tracked question, all reporting periods.
How to read these numbers
Challenge rate is the share of questions that pushed back, pressed for specifics or questioned management’s assumptions. It describes how questions were asked on the calls tracked here; it does not measure whether any view turned out to be right.
Rounding. Rates are rounded to whole percentages, so a small share can show as 0% even when some questions were challenging. The count beside each rate is exact; “none of N questions” means no question was challenging.
No questions recorded. “—” means there is nothing to calculate: no questions were recorded for that period on the calls tracked here. It does not mean there was no activity.
Fewer than 3 questions. A company-level rate is withheld when fewer than 3 questions were recorded for that company; the questions are still counted everywhere else.
Small samples. Profiles with fewer than 10 questions are marked Limited sample.
Reporting periods. Questions are grouped by the calendar quarter each company’s fiscal reporting period maps to, not by the date of the call. Periods without a calendar mapping are listed separately under their fiscal label.
Questions asked
Grouped by company, most questions first. Open a company to read its questions, newest reporting period first.
Showing 9 of 9 questions from 4 companies
MAAMid-America Apartment Communities4 questions · 2 reporting periods · 0 of 4 challenging
Calendar 2025 Q1
Is there a potential to extend lease-up expectations at any of your other development properties?
Show response
Brad: Feel good about lease-up dates. Some properties leased slower but rents outperforming expectations and yields exceeding pro forma. Protecting rent performance by being patient on velocity. Direct.
How should we think about the comp period related to concessions and the burn-off impact as we get into the second and third quarters?
Show response
Tim: Lease-over-lease rates are net of concessions. Combination of normal seasonality, declining supply pressure, and easier comps provides confidence. Direct.
Calendar 2024 Q4
Can you help us understand how concessions in your markets have impacted your new lease rate figures
Show response
Tim noted lease-over-lease rates are net of concessions. Portfolio-wide concessions around 1 month free. Tougher submarkets (downtown Austin, Midtown Atlanta, Uptown Charlotte) at 2-3 months. Overall steady to slightly declining. Direct.
how much competitive supply that you guys track is how much that is declining year over year in 2026 and 2027
Show response
Tim quantified: supply down 15-20% in 2025, 30-40% in 2026. Long-term average completions ~3.5% of inventory; 2026 expected below that, 2027 even further below. Direct with specific figures.
INVHInvitation Homes2 questions · 2 reporting periods · 0 of 2 challenging
Calendar 2025 Q1
last call you talked about finding ways to complement the course of our business and to possibly enter new markets. It's only been two months, but curious if you have an update
Show response
Dallas confirmed now operating in San Antonio and broader Nashville. Focus on scaling existing markets to Phoenix/Atlanta/Miami levels for cost efficiencies. Will continue adding markets over coming years.
Calendar 2024 Q4
have you seen any increase in activity in SoCal since the fires earlier in the year? And, you know, is there any incremental impact from that on your guidance that you can quantify
Show response
Charles noted only 2 homes lost to fires, 50 available homes in SoCal at the time, no material guidance impact. Dallas discussed accretive capital recycling strategy selling ~1,500 homes for ~$600M in 2024.
PSAPublic Storage2 questions · 1 reporting period · 0 of 2 challenging
Calendar 2025 Q1
can you comment on the private capital raising environment for storage? How has it evolved competitively the past few years
Show response
Joe noted institutional capital interest remains despite 2024 being abnormally light for transactions. 2025 transaction volumes starting just as light.
I'm trying to gauge the level of conservatism in the guide. Can you help us square away the increasing confidence in fundamentals bottoming
Show response
Tom provided April operating metrics: move-in volumes +3%, move-in rate -8%, occupancy ended April down 10bps YoY vs -30bps at start.
VMRKVivmark Residential1 question · 1 reporting period · 0 of 1 challenging
Calendar 2024 Q4
curious if you could share the same-store revenue growth expectation for your LA portfolio this year would be useful for us
Show response
Michael confirmed LA base case of ~3% revenue growth based on Q4 momentum, with no outsized recovery assumed.
Challenge rate by company
Every company this analyst questioned, most questions first. A company-level rate is shown from 3 questions; below that it is withheld.
| Company | Questions | Challenge rate |
|---|---|---|
| MAA Mid-America Apartment Communities | 4 | 0%none of 4 questions |
| INVH Invitation Homes | 2 | —Rate withheld: fewer than 3 questions |
| PSA Public Storage | 2 | —Rate withheld: fewer than 3 questions |
| VMRK Vivmark Residential | 1 | —Rate withheld: fewer than 3 questions |
Activity by reporting period
Questions recorded for each calendar quarter that companies’ reporting periods map to (not the call date), with the challenge rate for that period. Periods inside the range with no questions are shown as “No questions recorded”.
| Calendar period | Questions | Challenge rate | Companies |
|---|---|---|---|
| 2024 Q4 | 4 | 0%none of 4 questions | 3 |
| 2025 Q1 | 5 | 0%none of 5 questions | 3 |
- 2024 Q44 questions · challenge rate 0% (none of 4 questions) · 3 companies
- 2025 Q15 questions · challenge rate 0% (none of 5 questions) · 3 companies
Topics
Topics tagged on this analyst’s questions.
- Competitive Dynamics5
- Capital Allocation3
- Pricing2
- Demand2
- Geographic Expansion1
- Capex Investment1
- Guidance Reliability1
- Revenue Growth1