Federal Home Loan Mortgage (FMCC) Rent Expense (2010 - 2017)
Federal Home Loan Mortgage's (FMCC) quarterly Rent Expense came in at $17.0 million in Q3 2017, up 30.77% year-on-year from $13.0 million in Q3 2016, and up 6.25% on a QoQ basis from $16.0 million in Q2 2017.
Federal Home Loan Mortgage (FMCC) Rent Expense (2010 - 2017) Analysis & Trends
Federal Home Loan Mortgage (FMCC) has 8 years of Rent Expense data on file, last reported at $17.0 million in Q3 2017.
- On a quarterly basis, Rent Expense rose 30.77% year-over-year to $17.0 million in Q3 2017; TTM through Sep 2017 was $71.0 million, a 24.56% increase from a year earlier, with the FY2016 full-year figure at $66.0 million, up 17.86% from the prior year.
- Rent Expense for Q3 2017 stood at $17.0 million, up from $16.0 million in the prior quarter.
- Over the last five years, Rent Expense for FMCC reached as high as $25.0 million in Q4 2016 and fell as low as $12.0 million in Q1 2015.
- Historically, Rent Expense has averaged $14.7 million across 5 years, with a median of $14.0 million in 2013.
- Across the five-year window, Rent Expense retreated 12.5% in 2015 and jumped 56.25% in 2016, its largest moves.
- Year by year, Rent Expense stood at $13.0 million in 2013, then advanced by 15.38% to $15.0 million in 2014, then grew by 6.67% to $16.0 million in 2015, then soared by 56.25% to $25.0 million in 2016, then slumped by 32.0% to $17.0 million in 2017.
- Per Business Quant data, the three most recent Rent Expense figures were $17.0 million in Q3 2017, $16.0 million in Q2 2017, and $13.0 million in Q1 2017.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 38.33 Bn | 35.64 Bn | - | - |
| 2 | Federal National Mortgage Association Fannie Mae | 35.67 Bn | 35.67 Bn | - | - |
| 3 | Federal Home Loan Mortgage | 18.11 Bn | 13.64 Bn | - | - |
| 4 | PennyMac Financial Services | 4.41 Bn | 3.76 Bn | 523.89 Mn | - |
| 5 | CNFinance Holdings | 3.28 Bn | 3.20 Bn | - | - |
| 6 | Walker & Dunlop | 1.64 Bn | 1.44 Bn | - | - |
| 7 | Velocity Financial | 681.36 Mn | -6.51 Bn | - | 340,000.00 |
| 8 | UWM Holdings | 540.43 Mn | 116.43 Mn | - | - |
| 9 | Better Home & Finance Holding | 362.34 Mn | 298.07 Mn | - | - |
| 10 | Onity | 340.51 Mn | 215.81 Mn | - | 8.50 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2017 | 17.00 Mn |
| Sep 30, 2017 | 17.00 Mn |
| Jun 30, 2017 | 16.00 Mn |
| Jun 30, 2017 | 16.00 Mn |
| Mar 31, 2017 | 13.00 Mn |
| Mar 31, 2017 | 13.00 Mn |
| Dec 31, 2016 | 25.00 Mn |
| Dec 31, 2016 | 25.00 Mn |
| Sep 30, 2016 | 13.00 Mn |
| Sep 30, 2016 | 13.00 Mn |
| Jun 30, 2016 | 15.00 Mn |
| Jun 30, 2016 | 15.00 Mn |
| Mar 31, 2016 | 13.00 Mn |
| Mar 31, 2016 | 13.00 Mn |
| Dec 31, 2015 | 16.00 Mn |
| Dec 31, 2015 | 16.00 Mn |
| Sep 30, 2015 | 14.00 Mn |
| Sep 30, 2015 | 14.00 Mn |
| Jun 30, 2015 | 14.00 Mn |
| Jun 30, 2015 | 14.00 Mn |