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

Finance of America Companies has reported Rent Expense for 4 years, with the latest figure at $2.1 million 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 114.46% YoY), and the FY2022 full-year result was $28.4 million, up 21.38% from the prior year.
• Rent Expense for Q3 2023 stood at $2.1 million, down from $2.6 million in the prior quarter.
• The five-year high for Rent Expense was $22.9 million in Q4 2022, with the low at $1.6 million in Q3 2022.
• Historically, Rent Expense has averaged $6.1 million across 4 years, with a median of $6.7 million in 2021.
• Annual changes were most pronounced in 2022 — Rent Expense plunged 80.97% — and 2023, when it surged 50.24%.
• Finance of America Companies' Rent Expense stood at $6.8 million in 2020, then advanced by 21.34% to $8.3 million in 2021, then jumped by 176.76% to $22.9 million in 2022, then tumbled by 90.85% to $2.1 million in 2023.
• The last three Rent Expense figures came in at $2.1 million (Q3 2023), $2.6 million (Q2 2023), and $1.9 million (Q1 2023), per Business Quant data.