Las Vegas Sands Mall — Minimum rents remained flat by 0.0% to $146.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 4.3%, from $140.00M to $146.00M. Over 4 years (FY 2021 to FY 2025), Mall — Minimum rents shows an upward trend with a 3.1% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Growth in minimum rents indicates successful lease renewals at higher rates or the addition of new, high-quality tenants.
The fixed portion of rental income guaranteed by retail tenants under their lease agreements, regardless of their sales...
Commonly referred to as base rent in commercial real estate and retail leasing industries.
lvs_segment_mall_minimum_rents| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $126.00M | $124.00M | $124.00M | $124.00M | $126.00M | $119.00M | $115.00M | $121.00M | $123.00M | $128.00M | $131.00M | $132.00M | $136.00M | $138.00M | $142.00M | $140.00M | $140.00M | $144.00M | $146.00M | $146.00M |
| QoQ Change | — | -1.6% | +0.0% | +0.0% | +1.6% | -5.6% | -3.4% | +5.2% | +1.7% | +4.1% | +2.3% | +0.8% | +3.0% | +1.5% | +2.9% | -1.4% | +0.0% | +2.9% | +1.4% | +0.0% |
| YoY Change | — | — | — | — | +0.0% | -4.0% | -7.3% | -2.4% | -2.4% | +7.6% | +13.9% | +9.1% | +10.6% | +7.8% | +8.4% | +6.1% | +2.9% | +4.3% | +2.8% | +4.3% |