Operating Expenses
Lease Costs
United Rentals Lease Costs increased by 9.9% to $1.53B in Q3 2025 compared to the prior quarter. Year-over-year, this metric grew by 9.9%, from $1.39B to $1.53B. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementIncome Statement
SectionOperating Expenses
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026
How to read this metric
Rising costs relative to revenue may indicate operational inefficiencies or aging assets requiring higher maintenance spend.
Detailed definition
These are the direct operating expenses incurred to maintain and manage leased properties, including property taxes, ins...
Peer comparison
Comparable to property operating expenses (OpEx) reported by other industrial REITs.
Metric ID:
is_wfc_lease_costsHistorical Data
12 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q3 '24 | Q3 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $815.00M | $886.00M | $913.00M | $906.00M | $1.00B | $1.05B | $1.23B | $1.23B | $1.23B | $1.23B | $1.39B | $1.53B |
| QoQ Change | — | +8.7% | +3.0% | -0.8% | +10.6% | +5.1% | +16.3% | +0.0% | +0.0% | +0.0% | +13.6% | +9.9% |
| YoY Change | — | — | — | — | +22.9% | +18.8% | +35.2% | +22.3% | +16.3% | — | +13.6% | +9.9% |
Range$815.00M – $1.53B
CAGR+25.7%
Avg YoY Growth+19.9%
Median YoY Growth+18.8%
Current Streak8 quarters growth
Lease Costs at Other Companies
Frequently Asked Questions
- What is United Rentals's lease costs?
- United Rentals (URI) reported lease costs of $1.53B in Q3 2025.
- How has United Rentals's lease costs changed year-over-year?
- United Rentals's lease costs increased by 9.9% year-over-year, from $1.39B to $1.53B.
- What does lease costs mean?
- The total costs required to operate and maintain the company's leased properties.