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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.

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- 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

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- References

No definition available.

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