Las Vegas Sands Mall — Lease Income decreased by 12.4% to $177.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 10.6%, from $160.00M to $177.00M. Over 4 years (FY 2021 to FY 2025), Mall — Lease Income shows an upward trend with a 5.5% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Growth indicates a healthy retail ecosystem and effective management of the leasing portfolio.
The total income generated from leasing retail space, encompassing both fixed minimum rents and variable overage rents....
Standard gross rental income metric for commercial property owners.
lvs_segment_mall_lease_income| 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 | $126.00M | $142.00M | $159.00M | $126.00M | $126.00M | $98.00M | $142.00M | $139.00M | $148.00M | $176.00M | $206.00M | $149.00M | $149.00M | $164.00M | $190.00M | $160.00M | $160.00M | $173.00M | $202.00M | $177.00M |
| QoQ Change | — | +12.7% | +12.0% | -20.8% | +0.0% | -22.2% | +44.9% | -2.1% | +6.5% | +18.9% | +17.0% | -27.7% | +0.0% | +10.1% | +15.9% | -15.8% | +0.0% | +8.1% | +16.8% | -12.4% |
| YoY Change | — | — | — | — | +0.0% | -31.0% | -10.7% | +10.3% | +17.5% | +79.6% | +45.1% | +7.2% | +0.7% | -6.8% | -7.8% | +7.4% | +7.4% | +5.5% | +6.3% | +10.6% |