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Shake Shack (SHAK) Rent Expense (2016 - 2025)

Shake Shack (SHAK) has disclosed Rent Expense for 12 consecutive years, with $29.4 million as the latest value for Q4 2025.

  • Quarterly Rent Expense rose 22.31% to $29.4 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $106.6 million through Dec 2025, up 14.57% year-over-year, with the annual reading at $106.6 million for FY2025, 14.57% up from the prior year.
  • Rent Expense for Q4 2025 was $29.4 million at Shake Shack, up from $27.0 million in the prior quarter.
  • The five-year high for Rent Expense was $29.4 million in Q4 2025, with the low at $13.9 million in Q1 2021.
  • Average Rent Expense over 5 years is $20.4 million, with a median of $20.1 million recorded in 2023.
  • Peak annual rise in Rent Expense hit 22.31% in 2025, while the deepest fall reached 10.19% in 2025.
  • Over 5 years, Rent Expense stood at $15.8 million in 2021, then rose by 15.42% to $18.2 million in 2022, then rose by 16.03% to $21.2 million in 2023, then rose by 13.63% to $24.0 million in 2024, then increased by 22.31% to $29.4 million in 2025.
  • According to Business Quant data, Rent Expense over the past three periods came in at $29.4 million, $27.0 million, and $25.6 million for Q4 2025, Q3 2025, and Q2 2025 respectively.