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Kearny Financial (KRNY) Rent Expense (2016 - 2023)

Kearny Financial (KRNY) has disclosed Rent Expense for 10 consecutive years, with $2.9 million as the latest value for Q2 2023.

  • Quarterly Rent Expense fell 10.23% to $2.9 million in Q2 2023 from the year-ago period, while the trailing twelve-month figure was $12.0 million through Jun 2023, down 14.72% year-over-year, with the annual reading at $11.5 million for FY2025, 4.45% up from the prior year.
  • Rent Expense for Q2 2023 was $2.9 million at Kearny Financial, down from $3.1 million in the prior quarter.
  • The five-year high for Rent Expense was $4.5 million in Q3 2021, with the low at $2.7 million in Q1 2020.
  • Average Rent Expense over 5 years is $3.1 million, with a median of $3.1 million recorded in 2019.
  • The sharpest move saw Rent Expense surged 45.64% in 2021, then tumbled 32.04% in 2022.
  • Over 5 years, Rent Expense stood at $3.1 million in 2019, then rose by 1.23% to $3.1 million in 2020, then grew by 1.15% to $3.2 million in 2021, then decreased by 5.35% to $3.0 million in 2022, then decreased by 4.18% to $2.9 million in 2023.
  • According to Business Quant data, Rent Expense over the past three periods came in at $2.9 million, $3.1 million, and $3.0 million for Q2 2023, Q1 2023, and Q4 2022 respectively.