December consolidated occupancy results: Weighted average occupancy of 82.4% increased 310 basis points year-over-year and month-end occupancy increased 30 basis points sequentially, each impacted by strong December move-in and move-out activity that was significantly better than historical monthly trends for December. Sequential weighted average occupancy decreased 10 basis points, which is better than the historical seasonal trend of an approximate 30 basis point decline. Fourth quarter occupancy results: Consolidated weighted average occupancy of 82.5% represents a 70 basis point increase over the third quarter of 2025, accelerating from prior year growth; consolidated weighted average occupancy grew 310 basis points year-over-year.
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