Fund Performance

Flock’s portfolio has delivered steady, long-term returns through disciplined management and diversified residential assets. Consistent performance and transparency remain the foundation of our approach.

8–10%
Annual Target Returns
Steady, tax-efficient income through a diversified real estate portfolio.
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Total Asset Value Managed
Growing portfolio of single-family rentals across a range of U.S. markets.
Performance Overview

Building Long-Term Value from U.S. Housing

Our objective is simple: deliver a steady total return that tracks the broader U.S. national housing market. By combining appreciation in property values, consistent rental income, and conservative leverage, Flock seeks to deliver stable, compounding returns over time.

Flock Returns vs. US Housing Market Returns
The Flock Fund¹
Case-Shiller National Home Price Index²
Fund chart data as of July 1, 2025. Fund Inception: May 1, 2021. (1) Inception-to-Date Cumulative Performance is the total return on investment since May 1, 2021. Cumulative return is the total change in the value of an investment over a set period of time, expressed as a percentage of the original investment. Fund performance prior to Q1 2024 was calculated on a pre-distribution basis. (2) St. Louis Fed: S&P CoreLogic Case-Shiller U.S. National Home Price Index (May 2021 - Mar 2025); the Index does not account for net income generation.
Where Returns Come From

Breaking Down Total Return

Like owning rental property outright, our performance is driven by two core components:

1
Asset Appreciation
Changes in portfolio property values over time
2
Net Income
Combined portfolio rental income, less expenses
Q2 2025 Quarterly Fund Performance
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Operational Excellence

We run the portfolio with institutional discipline: maintaining high occupancy, controlling expenses, and achieving strong operating margins.

Stabilized Occupancy and Net Operating Income Margin
Stabilized Occupancy
Net Operating Income (NOI) Margin
CAPITAL ALLOCATION

Conservative
Leverage

Flock’s performance isn’t built on excessive risk. We’ve delivered strong returns while maintaining low leverage, protecting downside and preserving stability.

Fund Loan-to-Value Over Time

FAQ

What returns should I expect?

Flock seeks long-term returns aligned with the U.S. housing market, with the added benefit of professional management and diversification.

What drives these returns?

Returns are driven by a mix of property appreciation and rental income, minus expenses — the same fundamentals of owning real estate, but managed at scale.

How do I view performance in detail?

Schedule an intro call to access our investor portal and see live performance data.

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See how Flock makes it work

Unlock our full Fund Fact Sheet and learn more about upcoming Earnings Calls to see how Flock continues to perform.

See Fund Fact Sheet