Pacer inherited a book already losing to last year

On March 1, 2026 the forward book was $104,698 behind the prior year and March was already 62% sold at rates set before Pacer arrived. A revenue manager can only price what is still unsold, so the ramp months were largely fixed before we could touch them. From May the book was ours to build, and the portfolio has run 15.2% ahead of last year since.

RAMP listings and distribution rebuilt Pacer go-live, March 1 forward book 44% behind · March already 62% sold $0k $100k $200k $300k $400k Mar -49% Apr -47% May +7% Jun +35% Jul +7% Aug 1-19 +16% 2025 2026 · 103-home same-store cohort, monthly rental revenue Post-ramp, May to date: +15.2%

103-home same-store cohort, monthly rental revenue, both years sourced from PriceLabs. August compares stays through the 19th in each year. Across the full Pacer tenure, March 1 to August 19, revenue is up 5.0% year over year; from May 1 it is up 15.2%.