Products & Services · Property-level operating expenses
SHOP — Property-level operating expenses
Ventas SHOP — Property-level operating expenses increased by 16.8% to $918.33M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 30.4%, from $704.40M to $918.33M. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2023
Last reportedQ1 2026
How to read this metric
An increase relative to revenue indicates rising property-level costs and potential margin pressure, while a decrease suggests improved operational efficiency.
Detailed definition
This metric aggregates all direct costs required to maintain and operate the properties within the Senior Housing Operat...
Peer comparison
Comparable to 'Property Operating Expenses' in standard real estate financial statements.
Metric ID:
vtr_segment_shop_property_level_operating_expensesHistorical Data
10 periods
| Q1 '23 | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Value | $537.22M | $547.11M | $573.72M | $609.82M | $603.36M | $631.55M | $704.40M | $746.30M | $786.25M | $918.33M |
| QoQ Change | — | +1.8% | +4.9% | +6.3% | -1.1% | +4.7% | +11.5% | +5.9% | +5.4% | +16.8% |
| YoY Change | — | — | — | +13.5% | +10.3% | +10.1% | +15.5% | +23.7% | +24.5% | +30.4% |
Range$537.22M – $918.33M
CAGR+26.9%
Avg YoY Growth+18.3%
Median YoY Growth+15.5%
Current Streak5 quarters growth
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Ventas's shop — property-level operating expenses?
- Ventas (VTR) reported shop — property-level operating expenses of $918.33M in Q1 2026.
- How has Ventas's shop — property-level operating expenses changed year-over-year?
- Ventas's shop — property-level operating expenses increased by 30.4% year-over-year, from $704.40M to $918.33M.
- What does shop — property-level operating expenses mean?
- Total direct costs to operate the physical senior housing properties.