NaaS Technology (NAAS) Rent Expense (2016 - 2021)

NaaS Technology (NAAS) has reported Rent Expense for 6 consecutive years, with $9.4 million the latest figure, recorded in Q2 2021.

• Quarterly Rent Expense rose 34.12% year-over-year to $9.4 million in Q2 2021, while the trailing twelve-month figure through Jun 2021 was $33.9 million (up 11.05% YoY) and the FY2020 annual result came in at $31.0 million, down 2.22% from the prior year.
• Rent Expense rose to $9.4 million in Q2 2021 per NAAS's latest filing, from $9.2 million in the prior quarter.
• Over the last five years, Rent Expense for NAAS reached as high as $9.4 million in Q2 2021 and fell as low as $4.8 million in Q1 2017.
• A 5-year average of $7.2 million and a median of $7.2 million in 2018 frame the typical range for Rent Expense.
• Annual changes were most pronounced in 2018 — Rent Expense soared 36.72% — and 2020, when it decreased 12.0%.
• Year by year, Rent Expense stood at $5.7 million in 2017, then advanced by 26.65% to $7.2 million in 2018, then gained by 17.69% to $8.5 million in 2019, then retreated by 12.0% to $7.4 million in 2020, then rose by 26.53% to $9.4 million in 2021.
• According to Business Quant data, Rent Expense over the past three periods registered $9.4 million, $9.2 million, and $7.4 million for Q2 2021, Q1 2021, and Q4 2020 respectively.