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).
rent
Eviction Rates Climbing
Eviction rates are starting to approach covid levels when many lower-income renters lost their jobs during the lockdowns.
Relationship Between Retail Spending & Rent
Rent increased +22% for the month of July, the Fed may have to choose between rent controls or rate cuts.
Unit Economics
• 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.
RR Insights Journal
• 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.