“A new analysis of the nation’s top apartment owners shows they earned massive profits off of rent increases last year.
The top 10 publicly traded apartment companies saw their net incomes rise 57% to nearly $5B, according to a report released Tuesday from government watchdog Accountable.US.
Those profits in many cases far exceeded the losses incurred at the start of the pandemic, with annual net income surging beyond 2019 levels. They also came as the nation saw fewer homes for sale and historically low vacancy rates.”.
