Here with a leasing and booking update for February, where our portfolio of single family residences and vacation rentals generated $804,915* in revenue.
Rental income dividends are now paid monthly to your Arrived Cash Balance! Read more about the Arrived Cash Balance here.
Single Family Residentials
In February, we secured new tenants for 24 Arrived single family residential homes across 16 markets for an average lease duration of 22 months. Of these homes, 18 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 92%* with 301 occupied properties* collecting a total of $585,564*+ rent revenue in February.
February 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
February gross booking revenue & guest ratings
In February, Arrived vacation rentals generated $219,351 in gross booking revenue for 37 booking-ready properties.* We are excited to share that our vacation rentals have an average guest rating of 4.88.* As the seasons turn, we see a gradual uptick in vacation rental bookings throughout our portfolio. We expect this trend to continue as we work our way into the warmer months.
The table below presents each bookable vacation rental’s gross booking revenue and guest rating score in February. 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 February reflects bookings from 2/1/2024 through 2/29/2024. Our guest rating is a weighted average for all bookable vacation rentals from the property's bookable date to current (3/28/24).
Want to stay at an Arrived vacation rental? Add it to your Airbnb wishlist ✨
Guest review highlights
"The house is beautiful. Everything was meticulously clean when we arrived. We loved the fireplace and appreciated the extra blankets to help with the cozy feel. We communicated with the hosts a few times and they were extremely prompt and friendly with their responses. They were able to accommodate early check in - we had a very early flight arrival and were so appreciative! Highly recommend staying here. The location is awesome - we loved Flagstaff and made easy day trips to Grand Canyon and Sedona. At the end of long, adventurous days, we were so happy to come back to this house to relax." - Guest review of The Kinlani, 5/5 stars
"I've been staying in Airbnbs since the early days of the website. This stay is my favorite to date and my favorite by far. The house was so perfect for our girls weekend we hardly wanted to go out into downtown Asheville. It was clean, as described, and even bigger than we needed. We're all still talking about the basement couch and how much we miss it!" - Guest review of The Knoll, 5/5 stars
"We came for a little getaway with family and friends and had a great time with the space. The hot tub was so massive that we felt very comfortable with our whole group hanging out under the stars. Lastly, the game room is a fun addition and we had a lot of fun just hanging out and playing a few rounds of pool. We wish we could have stayed longer! Would recommend to anyone looking to have a group in Joshua Tree." - Guest review of The Mirage, 5/5 stars
"We throughly enjoyed our stay and had a wonderful vacation! The property was as described and looked just like the photos! The amenities provided were a pleasant surprise! Easy walk to the beach and restaurants. Korin is an amazing host, quick to respond to questions, and made sure we had everything we needed in order to have a relaxing vacation. We’ll definitely return to this property the next time we’re in PCB!" - Guest review of The Pointbreak, 5/5 stars
Vacation Rental Status Updates
The Vita progresses with on-site supervision by an Arrived team member. Updated booking timelines will follow as future work is defined and can be found on the property's page. Each month, we provide additional updates on our property pages for vacation rentals that are not yet booking-ready or have significant property updates. 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.
