Operating
Amortization of leasehold interests in land
Las Vegas Sands Amortization of leasehold interests in land increased by 5.0% to $21M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 40.0%, from $15M to $21M. Over 4 years (FY 2021 to FY 2025), Amortization of leasehold interests in land shows an upward trend with a 7.9% CAGR.
Analysis
StatementCash Flow Statement
SectionOperating
CategoryEfficiency
SignalContext dependent
VolatilityStable
First reportedQ1 2013
Last reportedQ1 2026Apr 24, 2026
How to read this metric
An increase reflects the ongoing consumption of long-term land rights, typical for companies operating in jurisdictions where land is leased rather than owned.
Detailed definition
The non-cash expense related to the systematic write-down of land leasehold rights over the term of the lease agreement....
Peer comparison
Common in international gaming markets like Macau where land is held under long-term government concessions.
Metric ID:
operating_amortization_of_leasehold_interests_in_landHistorical 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 | $14M | $14M | $14M | $14M | $14M | $14M | $13M | $14M | $14M | $15M | $15M | $16M | $14M | $15M | $15M | $15M | $20M | $21M | $20M | $21M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | -7.1% | +7.7% | +0.0% | +7.1% | +0.0% | +6.7% | -12.5% | +7.1% | +0.0% | +0.0% | +33.3% | +5.0% | -4.8% | +5.0% |
| YoY Change | — | — | — | — | +0.0% | +0.0% | -7.1% | +0.0% | +0.0% | +7.1% | +15.4% | +14.3% | +0.0% | +0.0% | +0.0% | -6.3% | +42.9% | +40.0% | +33.3% | +40.0% |
Range$13M – $21M
CAGR+8.9%
Avg YoY Growth+11.2%
Median YoY Growth+0.0%
Amortization of leasehold interests in land at Other Companies
Frequently Asked Questions
- What is Las Vegas Sands's amortization of leasehold interests in land?
- Las Vegas Sands (LVS) reported amortization of leasehold interests in land of $21M in Q1 2026.
- How has Las Vegas Sands's amortization of leasehold interests in land changed year-over-year?
- Las Vegas Sands's amortization of leasehold interests in land increased by 40.0% year-over-year, from $15M to $21M.
- What is the long-term trend for Las Vegas Sands's amortization of leasehold interests in land?
- Over 4 years (2021 to 2025), Las Vegas Sands's amortization of leasehold interests in land has grown at a 7.9% compound annual growth rate (CAGR), from $56M to $76M.
- What does amortization of leasehold interests in land mean?
- The non-cash cost of using leased land over time.