Here with a leasing and booking update for August, where our portfolio of single-family residences and vacation rentals generated $633,482* in revenue.
Rental income dividends are paid quarterly in January, April, July, and October to investors.
Note: In an effort to improve the accuracy of our property performance reporting, we will be adjusting the content and cadence of some metrics to provide the most accurate information in alignment with associated SEC filings.
In August, we secured new tenants for 17 Arrived single-family residential homes across 11 markets for an average lease duration of 20.6 months. Of these homes, 82.35% were leased over the forecasted amount.
All rental income generated from Arrived properties benefits its investors by adding to the property’s cash reserves or by being paid out as future dividends.
In August, all occupied Arrived single-family residential properties collected a total of $474K+* rent revenue.
August leasing activity
*All rents listed are per the property’s lease agreement and what we expect to collect for the property’s lease term.
August booking revenue & guest ratings
In August, Arrived vacation rentals generated $158,747 in booking revenue for 32 booking-ready properties*. We launched 2 new vacation rentals on booking platforms such as Airbnb and VRBO. We are excited to share that our vacation rentals have an average guest rating of 4.79*.
We are scheduled to have 5 vacation rentals ready for booking by November.
The table below presents each bookable vacation rental’s booking revenue and guest rating score in August. Overall, these vacation rentals have demonstrated strong ROI and occupancy is performing as expected. Newly bookable vacation rentals require more time to reach revenue potential.
August vacation rental guest ratings by property
*Booking rental revenue for the month of August reflects revenue earned from 8/1/2023 through 8/31/2023. These figures are unaudited. Our guest rating is a weighted average for all bookable vacation rentals from the property’s bookable date to 8/31/2023.
Want to stay at an Arrived vacation rental? Add it to your Airbnb wishlist ✨
Vacation Rental Status Updates
In August, we successfully launched 2 new vacation rentals on popular booking platforms such as Airbnb and VRBO — The Pickler and The SuiteSpot, our first Arrived-managed vacation rental. Each month, we provide additional updates on our property pages for vacation rentals that are not yet booking-ready. Preparing a property for booking involves various tasks such as renovation, design, furnishing, and obtaining permits.
Estimated booking-ready dates for upcoming vacation rentals
Learn more about our vacation rental preparation process.
*These figures include only stabilized IPO properties. All figures are unaudited and may be subject to change.
The opinions expressed in this article are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product. The views reflected in the commentary are subject to change at any time without notice. View Arrived’s disclaimers.