Rent and Other Receivables |
6 Months Ended | ||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||
| 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 $52.9 million and $51.2 million for the three months ended June 30, 2026 and 2025, respectively, and $117.6 million and $113.8 million for the six months ended June 30, 2026 and 2025, respectively. Variable lease payments for fees from single-family properties were $8.6 million and $8.3 million for the three months ended June 30, 2026 and 2025, respectively, and $17.1 million and $16.9 million for the six months ended June 30, 2026 and 2025, 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, 2026 (amounts in thousands):
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