Meridian Property Group

Portfolio Occupancy & Revenue Performance

Economic Occupancy
94.2%
+1.8% vs target
Avg Days Vacant
28
P90: 44 days
Renewal Rate (12M)
61.3%
+5.3% vs Q1
Expiring (90d)
18.4%
156 units
Late Payment Rate
4.7%
Stable
Maint. Cost/Unit
$142
+$18 vs avg

Occupancy & Revenue Trend (90 Days)

Lease Expiration Concentration

Rent-to-Market Ratio by Unit Type

Delinquency Aging Distribution

Concession Impact Analysis

Move-In Specials $78,400
52% of total concessions
Rent Abatements $42,100
28% of total concessions
Renewal Credits $30,200
20% of total concessions
Total Concessions (30d) $150,700
3.2% of gross potential rent

Building-Level Performance

Property Units Econ. Occ. Avg Days Vacant Renewal % Late Pay % Status
Riverside Towers 142 88.3% 61 58.2% 6.8% Action
Elmwood Commons 96 91.7% 38 54.1% 5.2% Watch
Parkside Lofts 68 97.1% 19 68.5% 2.9% Healthy
Gateway Plaza 124 95.2% 24 63.7% 4.0% Healthy
Sunrise Gardens 88 96.6% 22 65.9% 3.4% Healthy
Metro Heights 112 93.8% 31 59.8% 5.4% Watch
Harbor View 78 94.9% 27 62.3% 4.6% Healthy
Cedar Ridge 84 95.2% 25 64.3% 3.6% Healthy

Maintenance Cost Trend by Category (12 Months)

Days Vacant Distribution by Unit Type

Capital Reserve vs. Projected CapEx

Current Reserve Balance $1,847,200
As of current month
Projected CapEx (12M) $1,620,000
Roof replacements, HVAC upgrades, parking lot
Surplus / (Shortfall) +$227,200
Reserve coverage: 114% of projected CapEx

Note: Riverside Towers roof replacement ($340K) scheduled Q3. Monitor reserve balance post-project.

AppFolio: Synced 2 hours ago
CoStar: Synced 6 hours ago
Work Orders: Synced 1 hour ago
Dashboard generated: Jan 15, 2025 • 847 units • 10 properties