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GPT Meeting Notes

📊 Radiant GPT Portfolio – Monthly Metrics Update (Oct → Nov 2025)

Portfolio Summary (Gautier + Ocean Springs + Pascagoula)

Occupancy (Units)

Table 8

Table 8

Month

Total Occupied

Total Units

Portfolio Occ %

October

99 + 143 + 111 = 353

446

79.1%

November

95 + 143 + 119 = 357

446

80%

There are no rows in this table

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➡️ Portfolio occupancy increased by ~0.9 percentage points month over month.

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📍 Individual Property Performance

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1. Radiant – Gautier

Occupancy

October: 79.0% (99 / 126)

November: 75.4% (95 / 126) ⬇️ -3.6 pts

Notes

Significant drop in occupied units (–4).

Likely driven by elevated move-outs or lower leasing velocity.

⁠

2. Radiant – Ocean Springs

Occupancy

October: 82.0% (143 / 175)

November: 81.71% (143 / 175) ⬇️ -0.29 pts (flat)

Notes

Occupied units remained stable.

Very minor occupancy change driven only by decimal rounding.

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3. Radiant – Pascagoula

Occupancy

October: 77.0% (111 / 145)

November: 82.07% (119 / 145) ⬆️ +5.07 pts

Notes

Strong month of leasing activity.

Added 8 net occupied units.

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📌 Portfolio Takeaways

Overall Occupancy Improved: +4 net occupied units across the portfolio.

Biggest Gainer: Pascagoula (+5 occupancy points).

Primary Drag: Gautier (-4 occupancy points).

Ocean Springs held steady and remains the most stabilized asset.

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📄 Narrative Summary – Radiant GPT Portfolio (Oct → Nov 2025)

The Radiant GPT portfolio posted a modest improvement in overall occupancy from October to November, driven primarily by strong leasing momentum at Pascagoula. Portfolio occupancy increased from 79.1% to 80.0%, with total occupied units rising from 353 to 357 across the three Mississippi assets.

Pascagoula – Strong Positive Movement

Pascagoula was the strongest performer this month, recording an increase from 77.0% to 82.07% occupancy. This gain of eight net occupied units indicates that recent marketing and operational adjustments are taking hold. The site is building back momentum and is the key contributor to the portfolio’s month-over-month improvement.

Ocean Springs – Stabilized & Consistent

Ocean Springs remained stable, holding 143 occupied units in both October and November. The property’s occupancy shifted minimally from 82.0% to 81.71%, essentially flat. This asset continues to behave like a stabilized facility with predictable traffic, move-ins, and seasonal churn. No material performance concerns this period.

Gautier – Softening Occupancy

Gautier saw a meaningful decline, dropping from 79.0% to 75.4% occupancy, losing four occupied units month-over-month. This is the one property pulling down performance. The decline suggests weaker leasing velocity or elevated move-outs during the month. Gautier continues to be more sensitive to short-term traffic fluctuations and may need targeted adjustments to regain momentum.

Portfolio Outlook

While Gautier softened, the strength at Pascagoula more than offset the decline, producing a net occupancy increase for the overall portfolio. The combination of:

Pascagoula’s strong leasing,

Ocean Springs’ steady stabilization, and

Gautier’s manageable decline

resulted in a healthy month for the Radiant GPT group.

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