Advance Residence Investment Corporation provided operating guidance for the month of February 2021. The company is able to improve the occupancy rate this month because there were more the move-ins than move-outs. As a result, the company able to achieve an average of occupancy rate for the 21st FP (August 2020 to January 2021) of 95.9%, which was short by a hair of the earnings guidance of 96.0%. As the company enters the peak rental season in February, it is seeing steady increase in applications. Therefore, the company expects the occupancy rate to continue to improve.