Ventas NNN — NOI decreased by 7.4% to $120.17M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 21.2%, from $152.59M to $120.17M. Over 4 years (FY 2021 to FY 2025), NNN — NOI shows relatively stable performance with a -2.0% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
An increase indicates higher profitability from the NNN portfolio, while a decrease may signal rising operating costs or declining rental income.
Net Operating Income generated specifically from the Triple-Net (NNN) leased property portfolio. This metric measures th...
Standard metric for REITs with NNN portfolios; peers typically report this as a core segment performance indicator.
vtr_segment_nnn_noi| 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 | $154.79M | $178.11M | $150.53M | $147.55M | $145.81M | $146.36M | $143.13M | $145.94M | $150.82M | $155.97M | $151.93M | $151.63M | $150.43M | $150.97M | $153.20M | $152.59M | $148.74M | $157.04M | $129.71M | $120.17M |
| QoQ Change | — | +15.1% | -15.5% | -2.0% | -1.2% | +0.4% | -2.2% | +2.0% | +3.3% | +3.4% | -2.6% | -0.2% | -0.8% | +0.4% | +1.5% | -0.4% | -2.5% | +5.6% | -17.4% | -7.4% |
| YoY Change | — | — | — | — | -5.8% | -17.8% | -4.9% | -1.1% | +3.4% | +6.6% | +6.1% | +3.9% | -0.3% | -3.2% | +0.8% | +0.6% | -1.1% | +4.0% | -15.3% | -21.2% |