XML 35 R20.htm IDEA: XBRL DOCUMENT
v3.25.2

Rent and Other Receivables | 6 Months Ended
--- | ---
Jun. 30, 2025
Receivables [Abstract] |
Rent and Other Receivables | Rent and Other Receivables Included in rents and other single-family property revenues are variable lease payments for tenant charge-backs, which primarily relate to cost recoveries on utilities, and variable lease payments for fees from single-family properties. Variable lease payments for tenant charge-backs were $51.2 million and $46.1 million for the three months ended June 30, 2025 and 2024, respectively, and $113.8 million and $102.1 million for the six months ended June 30, 2025 and 2024, respectively. Variable lease payments for fees from single-family properties were $8.3 million and $8.1 million for the three months ended June 30, 2025 and 2024, respectively, and $16.9 million and $16.1 million for the six months ended June 30, 2025 and 2024, respectively. The Company generally rents its single-family properties under non-cancelable lease agreements with a term of one year. The following table summarizes future minimum rental revenues under existing leases on our properties as of June 30, 2025 (amounts in thousands):
| June 30, 2025
Remaining 2025 | $ | 622,163 |
2026 | 333,303 |
2027 | 13,655 |
Total | $ | 969,121 |
As of June 30, 2025 and December 31, 2024, rent and other receivables included $3.8 million and $3.9 million, respectively, of insurance claims receivables related to Hurricanes Milton and Helene.

X
- Definition The entire disclosure for claims held for amounts due to entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/310-10/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 + Details
Name: | us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration