Here with a leasing and booking update for January, where our portfolio of single family residences and vacation rentals generated $737,895* in revenue.
Rental income dividends are now paid monthly to your Arrived Wallet starting February 26th! Read more about Arrived Wallet here.
Single Family Residentials
In January, we secured new tenants for 14 Arrived single family residential homes across 10 markets for an average lease duration of 19 months. Of these homes, 12 properties 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 monthly dividends.
Overall, Arrived single family residential properties had a stabilized occupancy of 91%* with 288 occupied properties* collecting a total of $589,144*+ rent revenue in January.
January leasing activity
*All rents listed are per the property’s lease agreement and what we expect to collect for the property’s lease term.
Vacation Rentals
January gross booking revenue & guest ratings
In January, Arrived vacation rentals generated $148,751 in gross booking revenue for 36 booking-ready properties.* We are excited to share that our vacation rentals have an average guest rating of 4.88.* Arrived vacation rentals saw a lull in bookings following the busy holiday season. In many markets within our portfolio—such as Panama City Beach, Gatlinburg, Asheville, Myrtle Beach, and Joshua Tree—January typically experiences lower occupancy rates. We anticipate a resurgence of bookings as we approach warmer seasons.
The table below presents each bookable vacation rental’s gross booking revenue and guest rating score in January. It's important to note that vacation rentals are highly seasonal, which may lead to greater gross booking revenue deltas depending on the market or location of the property. Newly bookable vacation rentals typically require more time to reach revenue potential.
*Gross vacation rental revenue from the month of January reflects bookings from 1/1/2024 through 1/31/2024. Our guest rating is a weighted average for all bookable vacation rentals from the property's bookable date to current (2/29/24).
Want to stay at an Arrived vacation rental? Add it to your Airbnb wishlist ✨
Vacation Rental Status Updates
The Alta is booking-ready as of February! View the live Airbnb listing on the property page. Work on The Vita continues to progress. 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.
*Stabilized Occupancy includes homes that are occupied or are 90+ days rent-ready from their initial improvements (single family residential properties only). Properties may be removed from stabilized if significant impairment outside of the ordinary course of operations requires material action for an extended period of time.
*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.
