Business Segments · Labor

SHOP — Labor

Ventas SHOP — Labor increased by 16.1% to $513.96M in Q1 2026 compared to the prior quarter. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ3 2024
Last reportedQ1 2026

How to read this metric

An increase relative to revenue may signal margin compression due to wage inflation or staffing inefficiencies, while a decrease suggests improved labor management.

Detailed definition

This metric tracks the total costs associated with staffing the Senior Housing Operating Portfolio, including wages, ben...

Peer comparison

Standard operating expense metric for any service-based real estate operator.

Metric ID: vtr_segment_shop_labor

Historical Data

4 periods
 Q3 '24Q1 '25Q3 '25Q1 '26
Value$354.51M$392.62M$442.55M$513.96M
QoQ Change—+10.8%+12.7%+16.1%
YoY Change——+24.8%+30.9%
Range$354.51M – $513.96M
Avg YoY Growth+27.9%
Median YoY Growth+27.9%
Current Streak3+ quarters growth

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Frequently Asked Questions

What is Ventas's shop — labor?
Ventas (VTR) reported shop — labor of $513.96M in Q1 2026.
What does shop — labor mean?
Total personnel-related expenses for the senior housing segment.