Products & Services · Rental income
NNN — Rental income
Ventas NNN — Rental income decreased by 7.3% to $123.07M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 21.2%, from $156.11M to $123.07M. Over 4 years (FY 2021 to FY 2025), NNN — Rental income shows relatively stable performance with a -2.1% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementSegment
CategoryGrowth
SignalHigher is better
VolatilityStable
First reportedQ1 2017
Last reportedQ1 2026
How to read this metric
Higher rental income indicates strong occupancy, favorable lease renewals, or successful rent escalations across the NNN portfolio.
Detailed definition
This metric represents the gross revenue generated from lease agreements within the Triple-Net (NNN) property portfolio....
Peer comparison
Standard revenue metric for all REITs; comparable to 'Rental Revenue' or 'Minimum Rent' reported by industry peers.
Metric ID:
vtr_segment_nnn_rental_incomeHistorical Data
20 periods
| 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 | $159.22M | $181.38M | $153.34M | $151.56M | $149.40M | $150.12M | $147.08M | $149.74M | $154.36M | $159.81M | $155.30M | $155.37M | $153.93M | $155.35M | $157.40M | $156.11M | $152.70M | $160.05M | $132.71M | $123.07M |
| QoQ Change | — | +13.9% | -15.5% | -1.2% | -1.4% | +0.5% | -2.0% | +1.8% | +3.1% | +3.5% | -2.8% | +0.0% | -0.9% | +0.9% | +1.3% | -0.8% | -2.2% | +4.8% | -17.1% | -7.3% |
| YoY Change | — | — | — | — | -6.2% | -17.2% | -4.1% | -1.2% | +3.3% | +6.5% | +5.6% | +3.8% | -0.3% | -2.8% | +1.4% | +0.5% | -0.8% | +3.0% | -15.7% | -21.2% |
Range$123.07M – $181.38M
CAGR-5.3%
Avg YoY Growth-2.8%
Median YoY Growth-0.5%
Current Streak2 quarters decline
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Frequently Asked Questions
- What is Ventas's nnn — rental income?
- Ventas (VTR) reported nnn — rental income of $123.07M in Q1 2026.
- How has Ventas's nnn — rental income changed year-over-year?
- Ventas's nnn — rental income decreased by 21.2% year-over-year, from $156.11M to $123.07M.
- What is the long-term trend for Ventas's nnn — rental income?
- Over 4 years (2021 to 2025), Ventas's nnn — rental income has grown at a -2.1% compound annual growth rate (CAGR), from $653.82M to $601.58M.
- What does nnn — rental income mean?
- The total rental revenue earned from properties leased under triple-net agreements.