In Q2 2026, Arrived's portfolio moved through its typical spring leasing cycle: occupancy shifted as units turned over, rents were adjusted to reflect market demand, and funds continued redeploying capital into new positions. Leasing activity more than doubled from Q1, consistent with the seasonal turnover in leasing that typically accompanies the spring and early-summer rental market, and several funds posted their strongest yields in a year while the platform added a handful of new features. Total dividends distributed to investors for the quarter came in at approximately $4.3M
Below is a full breakdown of yield, occupancy, leasing, and credit performance for Q2 2026.
Q2 Highlights
One of the advantages of investing through Arrived is exposure that isn't tied to a single home, market, or property type. The portfolio spans dozens of markets nationwide, including individual rental homes, vacation properties, and real estate-backed funds.
Below you can see the geographic diversification of Single Family Residential, Vacation Rental, and Real Estate-Backed Credit offerings in the Arrived portfolio.
New offerings and platform enhancements
Q2 brought several updates across the Arrived platform, from small refinements to more meaningful improvements.
The Private Credit Fund has a new name: the Real Estate Income Fund.
The renaming is intended to better reflect the fund's core strategy: generating income through a diversified portfolio of real estate-backed credit investments. The fund remains focused on consistent income generation while supporting new housing supply through investments in residential development projects.
The Seattle City Fund added a value-add multifamily investment to the portfolio.
May's annualized dividend came in at 5.3%, helped along by disciplined cash management. During the quarter, the fund added Olympic West Apartments, a multifamily value-add deal in Seattle, and continued placing excess cash into real estate-secured credit investments between property acquisitions.
Arrived launched a new 1031 Exchange Program
Arrived has launched a 1031 Exchange Program designed to help property owners keep their equity working while deferring capital gains taxes. From sourcing and evaluating replacement properties to coordinating the exchange and managing the homes, Arrived handles the process end to end, making it easier to move into a professionally managed rental portfolio without becoming a landlord all over again.
Portfolio pages now show a lot more detail per position.
Investors can pull up a compact summary of each holding, see upcoming first-dividend and redemption-eligibility dates by share lot, and review historical Arrived Valuation and dividend data for anything they own. It's the next layer building on the portfolio refresh Arrived shipped in Q1.
Single Family Residential property performance
Leasing picked up considerably this quarter as the summer rental season kicked in. Individual properties signed 171 new leases, more than double Q1, and 135 of those leases came in above forecasted rent.
Stabilized occupancy across individual properties settled at 91.8% for the quarter, down from 95.2% in Q1. That's not a surprising trade-off given the leasing volume above: more units turning over to new residents during peak season tends to pull point-in-time occupancy down even while leasing pace and rents both move up.
Individual property dividend rates ranged from 1.06% to 14.4% for the quarter, with an average annualized yield of 3.5%.
Individual property performance and historical returns are available on the Arrived Returns page. Past performance is not indicative of future results.
The charts below reflect annualized dividend rates and gross returns (realized dividends plus unrealized appreciation) for Single Family Residential, Vacation Rental properties, and the Real Estate Income Fund as of Q2 2026.
These charts illustrate how building a diversified portfolio across property types, markets, and investment strategies may help reduce risk and improve long-term outcomes.
Below, you’ll find a chart that shows the estimated market value performance for the individual rental properties in the Arrived portfolio.
To view individual property performance and historical returns, visit the Arrived Returns page. Past performance is not indicative of future results.
Equity fund performance
The Single Family Residential Fund delivered a stronger yield this quarter, with its annualized dividend averaging 4.9%, up from 4.2% in Q1. Occupancy declined to 86.3% from 95.7% the previous quarter as the fund entered its first significant wave of lease renewals, with many of the two-year leases signed at launch expiring between March and May.
Homes that did not renew are being actively prepared and re-leased. While occupancy is temporarily lower, re-leasing during peak spring and summer demand positions the fund to capture higher rents and strengthen its long-term income potential.
The Seattle City Fund delivered its strongest quarter yet, with an average annualized dividend of 5.1% for Q1. Occupancy remained at 100% for the second consecutive quarter, and the fund saw the addition of the fund's first multifamily investment, a meaningful step in diversifying beyond single-family homes, alongside continued real estate-secured credit positions that keep capital working between acquisitions rather than sitting idle.
Real Estate Income Fund performance
In Q2, the Arrived Real Estate Income Fund, formerly the Private Credit Fund, delivered an average annualized dividend yield of 8.7%.
Invested assets grew 12% to approximately $90.9M, up from $81.2M at the end of Q1. The fund closed the quarter with 45 active loans, while 10 loans were repaid in full. During Q2, the fund added $9.9M in new loans and received $17.2M in principal repayments.
Vacation Rental performance
In Q2 2026, 40 vacation rental properties were bookable across Arrived’s portfolio, generating more than $873K in gross booking revenue for the quarter and ending Q2 with an average guest rating of 4.9 out of 5.0 stars. Dividend rates across vacation rental properties ranged from 1.2% to 15.4%, averaging 2.9%, up from 1.5% in Q1.
As with prior quarters, performance across the category reflected the seasonality and market-by-market variability that are typical of vacation rentals, with booking trends generally improving as the portfolio moved into the summer travel season.
Vacation rentals remain the most variable property-by-property component of the portfolio, and a quarterly average only tells part of the story. For the fuller picture, including what's working, where results have lagged, and how the shift to in-house management is playing out home by home, see Understanding Vacation Rental Performance.
The table below outlines the gross booking revenue and average guest rating for each vacation rental property. Gross booking revenue is presented before deductions for property management fees, operating expenses, and repairs or maintenance costs.
¹ Booking revenue and guest rating were affected by the transition to a new property manager.
² Booking revenue was impacted due to a maintenance issue.
See the Property History Timeline for individual updates for each property.
Want to stay at an Arrived vacation rental? Add it to your Airbnb wishlist ✨
Closing Thoughts by Arrived VP of Investments, Cameron Wu
“Many of this quarter’s results reflect decisions we made months ago. For single-family rentals, we intentionally schedule lease expirations between February and May, giving homes that turn over the best opportunity to lease during peak season and supporting stronger rent outcomes across the portfolio. Renewals also remained strong. Our initial leases average about 21 months, so residents are typically approaching two years in the home before a renewal begins. We prefer to build that tenure in from the start rather than earn it back every 12 months.
In vacation rentals, we brought more of the portfolio under direct management. Between November and April, we transitioned 16 properties from Boutiq to our in-house Arrived Property Management team. Transitions like this can take a quarter or two to show up in performance, but the move gives us greater control over pricing, guest experience, and costs. We’re excited to give these homes a fresh start and build momentum from here.
Private credit continued to generate consistent income, with dividends remaining above 8%. Its role now extends beyond the fund itself: instead of leaving excess cash in our residential equity funds idle, we allocate it to real estate-secured credit. This helps generate additional yield for investors while keeping capital available for future acquisitions.
Looking ahead, lease timing, in-house management, and how we put available cash to work are all decisions within our control—regardless of where interest rates or home prices move. These strategies don’t depend on predicting the market, and we expect them to remain central to how we pursue returns through the rest of 2026.”
