Herc Holdings (HRI) Rent Expense (2010 - 2012)
Herc Holdings (HRI) recorded quarterly Rent Expense of $21.5 million in Q2 2012, down 6.93% quarter-over-quarter from $23.1 million in Q1 2012, and down 5.29% on a YoY basis from $22.7 million in Q3 2011.
Herc Holdings (HRI) Rent Expense (2010 - 2012) Analysis & Trends
Herc Holdings' Rent Expense history runs 3 years deep, the most recent figure standing at $21.5 million for Q2 2012.
- In Q2 2012, Rent Expense fell 5.29% year-over-year to $21.5 million; the TTM figure through Jun 2012 stood at $94.4 million (up 4.42% YoY), while the FY2011 annual figure was $96.1 million, up 22.89% from the prior year.
- Rent Expense was $21.5 million for Q2 2012 at Herc Holdings, down from $23.1 million in the prior quarter.
- In the past five years, Rent Expense ranged from a high of $26.1 million in Q3 2011 to a low of $17.9 million in Q2 2010.
- Historically, Rent Expense has averaged $22.5 million across 3 years, with a median of $22.9 million in 2010.
- The sharpest annual moves came in 2011 and 2012: Rent Expense climbed 26.82% in 2011, then retreated 5.29% in 2012.
- A 3-year view of Rent Expense shows it stood at $21.2 million in 2010, then increased by 11.79% to $23.7 million in 2011, then slipped by 9.28% to $21.5 million in 2012.
- The last three Rent Expense figures came in at $21.5 million (Q2 2012), $23.1 million (Q1 2012), and $23.7 million (Q4 2011), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | U-Haul Holding | 10.97 Bn | 10.97 Bn | -42.05 Mn | 4.28 Mn |
| 2 | Ryder System | 10.36 Bn | 10.36 Bn | 3.02 Bn | - |
| 3 | Avis Budget | 6.65 Bn | 6.24 Bn | - | - |
| 4 | Gatx | 6.31 Bn | 7.19 Bn | 561.90 Mn | 7.40 Mn |
| 5 | WillScot Holdings | 5.22 Bn | 5.22 Bn | 285.68 Mn | - |
| 6 | Herc Holdings | 5.17 Bn | 5.13 Bn | 686.00 Mn | - |
| 7 | Mcgrath Rentcorp | 2.90 Bn | 2.90 Bn | 96.89 Mn | - |
| 8 | Custom Truck One Source | 2.57 Bn | 2.57 Bn | 103.06 Mn | - |
| 9 | EquipmentShare.com | 2.06 Bn | 1.75 Bn | - | - |
| 10 | Vestis | 1.70 Bn | 1.65 Bn | 173.69 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2012 | 21.50 Mn |
| Jun 30, 2012 | 21.50 Mn |
| Mar 31, 2012 | 23.10 Mn |
| Mar 31, 2012 | 23.10 Mn |
| Dec 31, 2011 | 23.70 Mn |
| Dec 31, 2011 | 23.70 Mn |
| Sep 30, 2011 | 26.10 Mn |
| Sep 30, 2011 | 26.10 Mn |
| Jun 30, 2011 | 22.70 Mn |
| Jun 30, 2011 | 22.70 Mn |
| Mar 31, 2011 | 23.60 Mn |
| Mar 31, 2011 | 23.60 Mn |
| Dec 31, 2010 | 21.20 Mn |
| Dec 31, 2010 | 21.20 Mn |
| Sep 30, 2010 | 22.90 Mn |
| Sep 30, 2010 | 22.90 Mn |
| Jun 30, 2010 | 17.90 Mn |
| Jun 30, 2010 | 17.90 Mn |