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.

• Rent Expense for Q3 2023 came in at $2.1 million, up 33.06% year-over-year; the trailing twelve-month figure through Sep 2023 was $29.5 million (up 114.46% YoY), and the FY2022 annual result was $28.4 million, up 21.38% from the prior year.
• Rent Expense was $2.1 million for Q3 2023 at Finance of America Companies, down from $2.6 million in the prior quarter.
• Over five years, Rent Expense peaked at $22.9 million in Q4 2022 and troughed at $1.6 million in Q3 2022.
• Average Rent Expense over 4 years is $6.1 million, with a median of $6.7 million recorded in 2021.
• Year-over-year, Rent Expense slumped 80.97% in 2022 and jumped 50.24% in 2023.
• Over 4 years, Rent Expense stood at $6.8 million in 2020, then increased by 21.34% to $8.3 million in 2021, then jumped by 176.76% to $22.9 million in 2022, then slumped by 90.85% to $2.1 million in 2023.
• Per Business Quant data, the three most recent Rent Expense figures were $2.1 million in Q3 2023, $2.6 million in Q2 2023, and $1.9 million in Q1 2023.