Washington, DC (September 20, 2016) – The National Rental Home Council (NRHC) today published a new report that establishes recommended best practices for defining, calculating and reporting key financial and operational disclosure metrics for the single-family rental industry. Green Street Advisors’ Advisory and Consulting Group provided subject matter expertise and worked with NRHC members to develop standardized definitions and calculations of common disclosure metrics and help document industry best practices. This report will help public and private markets better understand the single-family rental industry’s performance and valuation measures and improve the consistency and transparency of information across the industry.
“As the single family rental industry continues to grow and mature, investors and others are seeking clearer and better insights into the industry’s basic performance and valuation measures,” said NRHC Board President and Invitation Homes CEO John Bartling. “In agreeing to a set of best practices for disclosure, we are taking a significant step forward in the continued evolution and maturation of our industry.”
To produce the recommended common language outlined in the report, Green Street Advisors’ Advisory and Consulting Group reviewed and compared NRHC members’ existing disclosure and definitional practices to identify a set of metrics deemed important to the single-family rental industry and broader REIT universe. The resulting document provides “best practices” for calculating and reporting portfolio, leasing, income and asset value metrics, with a non-binding recommendation that industry participants adopt these best practices to facilitate consistency and comparability across companies throughout the sector.
This report is the second released by the NRHC in collaboration with Green Street Advisors’ Advisory and Consulting Group. An in-depth primer on the SFR industry was released in June 2016.
About the National Rental Home Council
The National Rental Home Council (NRHC) is a non-partisan organization dedicated to advocating on behalf of the 16 million home single-family rental industry on legislative, regulatory and capital market matters.
About Green Street Advisors
As the industry leader in real estate and real estate investment trust (REITs) research for over 30 years, Green Street Advisors’ mission is to provide unparalleled insight, advice, and service to knowledgeable investors looking to execute the best possible public and private real estate capital allocation decisions. To learn more, visit www.greenstreetadvisors.com.