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Las Vegas Sands LVS Convention, Retail and Other — Minimum rents

Other product segments

Mall
$145M+3.6%

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SVCNet Lease — Rental income
$100.9M+1.9%
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UDRNon Mature Communities Other — Operating Lease Lease Income Lease Payments
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MLPOperating Lease Income Including Water System Sales — Operating Lease Lease Income Lease Payments
$1.3M-1.4%

Other financials

Income statement

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Revenue$3.2B-0.7%
Operating income$618.0M-21.1%
Net income$346.0M-24.9%
EPS (diluted)$0.53-19.7%

Balance sheet

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Cash & equivalents$3.5B-2.1%
Total debt$16.8B+0.5%
Total equity$581.0M-70.8%
Total assets$19.9B-8.9%

Cash flow

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Operating cash flow$682.0M+283%
CapEx$332.0M+16.1%
Free cash flow$350.0M

Valuation

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Market cap$29.65B-18.5%
Enterprise value$42.97B-13.3%
P/E17.2×-8.6×
P/S2.2×-1.0×

Profitability

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Operating margin21.5%+0.1pp
Net margin12.6%+0.4pp
FCF margin19.7%+13.4pp

Returns & leverage

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Return on equity134.3%+85.1pp
Debt / equity29×+20.6×
Current ratio-0.2×

Where this comes from

Reported directly by Las Vegas Sands in its filing.

Tagged under the XBRL concept us-gaap:OperatingLeaseLeaseIncomeLeasePayments.

The source filing: Las Vegas Sands’s 10-Q, filed July 24, 2026.

Filed
Jul 24, 2026, 4:03 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001300514-26-000085
Line itemThree Months Ended June 30, 2026 / MallThree Months Ended June 30, 2026 / OtherThree Months Ended June 30, 2025 / MallThree Months Ended June 30, 2025 / Other
Minimum rents$145$1$140$1
Overage rents2720
$172$1$160$1
Six Months Ended June 30,
20262025
MallOtherMallOther
(In millions)
Minimum rents$291$1$280$1

Item 1. Financial Statements (unaudited)

FAQ

What is Las Vegas Sands's convention, retail and other — minimum rents?
Las Vegas Sands (LVS) reported convention, retail and other — minimum rents of $1M in Q2 2026.
How has Las Vegas Sands's convention, retail and other — minimum rents changed year-over-year?
Las Vegas Sands's convention, retail and other — minimum rents decreased by 0.0% year-over-year, from $1M to $1M.
What does convention, retail and other — minimum rents mean?
This represents the base, fixed rental income generated from retail tenants leasing space within the company's integrated resorts. It provides a stable, recurring revenue stream that is independent of the tenant's sales performance.

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