Teekay Tankers (TNK) Rent Expense (2011 - 2024)

Teekay Tankers (TNK) has reported Rent Expense for 14 consecutive years, with -$17.1 million the latest figure, recorded in Q4 2024.

• On a quarterly basis, Rent Expense rose 13.51% year-over-year to -$17.1 million in Q4 2024; TTM through Dec 2024 was -$74.8 million, a 5.59% decrease from a year earlier, with the FY2025 full-year figure at -$45.3 million, up 39.49% from the prior year.
• Rent Expense was -$17.1 million for Q4 2024 at Teekay Tankers, up from -$18.5 million in the prior quarter.
• Over five years, Rent Expense peaked at -$2.1 million in Q2 2021 and troughed at -$19.8 million in Q4 2023.
• A 5-year average of -$11.2 million and a median of -$9.2 million in 2020 frame the typical range for Rent Expense.
• Across the five-year window, Rent Expense jumped 77.0% in 2021 and sank 206.5% in 2022, its largest moves.
• Over 5 years, Rent Expense stood at -$8.1 million in 2020, then surged by 36.25% to -$5.2 million in 2021, then tumbled by 55.69% to -$8.0 million in 2022, then slumped by 146.7% to -$19.8 million in 2023, then rose by 13.51% to -$17.1 million in 2024.
• The last three Rent Expense figures came in at -$17.1 million (Q4 2024), -$18.5 million (Q3 2024), and -$19.7 million (Q2 2024), per Business Quant data.