Cincinnati's rental market shows active churn beneath a modest +1.23% rent growth surface. SFR independents dominate both the gainer and loser columns, and a 1,453-listing new entrant entering coverage signals meaningful supply-side reorganization rather than simple expansion.

The continuing cohort shows aggressive share rotation among SFR independents. Daniel Andrew Properties, Plum Tree Realty, and Realiant each grew listing volume roughly 2.5x YoY, adding 150–163pp share. On the other side, Peak Property Group shed nearly three-quarters of its prior-period volume (-71pp), and Berkshire Hathaway HomeServices Professional Realty contracted from 384 to 211 listings (-43pp). CIG Communities, the largest loser in absolute volume terms, dropped from 1,270 to 782 listings. The pattern reads less like competitive displacement and more like portfolio reallocation across multiple operators simultaneously.

The 7-cell quadrant breakdown is not populated in this data pull — operator counts, DOM, and rent figures by cell are all undefined. What can be observed structurally: share gainers skew SFR Independent and Small MF/BTR Independent; share losers span SFR Independent through Large MF/BTR Independent. Cross-market institutional presence is modest — First Keys Homes (11 markets) and Second Avenue (8 markets) are both present but neither appear in the gainer or loser cohorts, suggesting stable if unremarkable positioning.

Gaslight Property LLC enters coverage as the single largest operator signal this cycle — 1,453 T12 listings as a Hybrid entrant is a substantial footprint for a new-in-coverage entity and warrants tracking in subsequent periods. City Center Properties leads continuing-cohort gainers in absolute scale, more than doubling to 227 listings (+122pp). Peak Property Group, a two-market operator also present in Columbus, is the sharpest volume contraction in the cohort, falling from 154 to 43 listings — worth monitoring for cross-market spillover.