February consolidated occupancy results: February 2026 weighted average occupancy increased 280 basis points year-over-year to 82.1%. Sequential weighted average occupancy seasonally declined 20 bps, reflecting the normal seasonal trend and in line with historical monthly trends for February. 2026 first quarter-to-date weighted average occupancy of 82.2% represents a sequential occupancy change from the full 2025 fourth quarter that is better than normal seasonality trends. February same community occupancy results: Weighted average occupancy of 82.6% improved 160 basis points year-over-year. Occupancy declined 30 basis points sequentially from January, reflecting the normal seasonal trend.
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