Same-store sales (in multifamily context: "same-store NOI") compares properties that have been in a portfolio for a full reporting period in both the current and prior periods. Isolates organic growth from acquisition effects.
Used by REITs and larger operators to measure underlying property performance trends — separating growth from organic operations vs. growth from portfolio additions. Typically reported in REIT earnings as same-store revenue, same-store NOI, and same-store occupancy.
For LA multifamily buyers analyzing REIT or institutional seller reports, same-store metrics reveal actual property-level trends. A REIT reporting "5% same-store NOI growth" means existing properties grew 5% — new acquisitions aren't inflating the number.
Thinking about selling? Get a no-obligation evaluation on your building.
Request Free Evaluation →