It’s still a good time to be a homeowner or landlord given a housing shortage that more than offsets the effect of higher mortgage rates (which are beginning to moderate).
Eviction rates are starting to approach covid levels when many lower-income renters lost their jobs during the lockdowns.
Rent increased +22% for the month of July, the Fed may have to choose between rent controls or rate cuts.
• RR’s Unit Economic Report provides: (1) FYE 2020 unit level AUV along with COGs, labor, royalty, advertising, other operating and EBITDAR margin estimates for 44 chains; (2) a 5-year history of unit economic performance; (3) an analysis of food and labor cost drivers; and (4) aggregate G&A margins, rent margins and leverage ratios based on RR’s annual lender survey.
• The following data is based on RR’s Annual Lender Unit Economic Survey representing more than 15,400 franchised units (14,800 QSR and 600 FSR across 29 chains) for FYE 2020.