REI Nation YOY Re-Rent and REnewal of current lease data

[Chris Clothier]

REI Nation manages 7,964 single-family rental homes in 13 U.S. markets, including Memphis, Dallas, Houston, Little Rock, Oklahoma City, and Birmingham. These charts show data across each market on rent trends for re-rentals, where a new lease is signed on an existing rental property, and renewal leases, where an existing lease is renewed for an extended 2-year period.

These data graphs show the percentages of growth and the number of leases in each category by city.  I am including 2023 and 2024 through July for comparisons to see what is happening within our vast portfolio.  For reference sake, the approximate value of the existing portfolio is $2B, and the annual net rental payments after expenses returned to investors are approximately $108M in 2024.