ab 26 July 2026 Global Research U.S. Apartment REITs Bringing Home The Bay-con Our take: We see a modest upward bias to AVB & EQR SSRev in 2026 following 2Q'26 results We believe AVB and EQR are positioned to modestly exceed their updated 2026 same- store revenue (SSRev) outlook midpoints. For context, both companies raised their SSRev guidance this quarter by 20 bps to 1.6% and 2.4%, respectively. Our view is that there is modest upside to the new midpoints driven by favorable asking rent trends per CoStar ...