RubinBrown Apartment Stats 2011

Gross Potential Rent vs. Net Operating Income Per Square Foot in St. Louis Metropolitan Area

2007

2006

194

150

$9

122

118

8.59

$7

8.58

8.16

$630

$625

8.09

8.30

934

904

$5

4.28

4.38

$2

89.8%

89.5%

3.16

2.99

2.91

2.99

2.83

$0

40.8%

36.1%

2010

2009

2008

2007

2006

Gross Potential Rent

Net Operating Income

A

B

C

A

B

C

Economic Occupancy

$7,553 $8.09 100.0%

$7,506 $8.30 100.0%

(551)

(0.59)

-7.3%

(596)

(0.66)

-7.9%

100%

(118)

(0.13)

-1.6%

(89)

(0.10)

-1.2%

89.8

86.9

(100)

(0.11)

-1.3%

(107)

(0.12)

-1.4%

89.0

86.9

75%

89.5

6,784 7.26 89.8%

6,714 7.42 89.5%

50%

449 0.48 5.9% 397 0.44 5.3% $7,233 $7.74 95.7% $7,111 $7.86 94.8%

25%

0

2010

2009

2008

2007

2006

$698 $0.75 9.3%

$903 $1.00 12.0%

397 0.42 5.3%

479 0.53 6.4%

88 0.09 1.2%

110 0.12 1.5%

381 0.41 5.0%

390 0.43 5.2%

668 0.72 8.8%

602 0.67 8.0%

Average Monthly Rent Per Unit

659 0.71 8.7%

525 0.58 7.0%

$700

468 0.50 6.2%

617 0.68 8.2%

673

322 0.34 4.3%

343 0.38 4.6%

662

637

625

630

$525

481 0.51 6.4%

475 0.53 6.3%

117 0.13 1.5%

100 0.11 1.3%

$350

$4,279 $4.58 56.7% $4,544 $5.03 60.5%

$175

$2,954 $3.16 39.0% $2,567 $2.83 34.3%

$0

2009

2008

2007

2006

2005

www.rubinbrown.com | 6