Finance of America Companies (FOA) Rent Expense (2020 - 2023)

Finance of America Companies (FOA) has reported Rent Expense for 4 consecutive years, with $2.1 million the latest figure, recorded in Q3 2023.

• For the quarter ending Q3 2023, Rent Expense rose 33.06% year-over-year to $2.1 million; the trailing twelve-month figure through Sep 2023 stood at $29.5 million (up 44.05% YoY), and the FY2022 full-year result was $28.4 million, up 21.38% from the prior year.
• Rent Expense fell to $2.1 million in Q3 2023 per FOA's latest filing, from $2.6 million in the prior quarter.
• Across five years, Rent Expense topped out at $22.9 million in Q4 2022 and bottomed at $1.6 million in Q3 2022.
• Historically, Rent Expense has averaged $6.7 million across 4 years, with a median of $6.7 million in 2021.
• The sharpest annual moves came in 2021 and 2022: Rent Expense jumped 83.32% in 2021, then sank 89.5% in 2022.
• Over 4 years, Rent Expense stood at $6.8 million in 2020, then jumped by 119.79% to $15.0 million in 2021, then soared by 52.8% to $22.9 million in 2022, then sank by 90.85% to $2.1 million in 2023.
• According to Business Quant data, Rent Expense over the past three periods registered $2.1 million, $2.6 million, and $1.9 million for Q3 2023, Q2 2023, and Q1 2023 respectively.