Discontinued — last reported Q1 '23
Office Operations — Property-level operating expenses
Ventas Office Operations — Property-level operating expenses increased by 3.9% to $66.91M in Q1 2023 compared to the prior quarter. Year-over-year, this metric grew by 5.9%, from $63.18M to $66.91M. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase in these expenses relative to revenue may indicate rising maintenance costs or inefficiencies, while a decrease often signals improved operational cost control or successful expense management initiatives.
Detailed definition
This metric represents the total direct costs incurred to operate and maintain the medical office building portfolio, in...
Peer comparison
Peers in the healthcare REIT sector typically report similar property-level operating expenses for medical office buildings, often benchmarked against total segment revenue to determine operating margins.
vtr_segment_office_operations_property_level_operating_expensesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | |
|---|---|---|---|---|---|---|---|---|
| Value | $64.95M | $66.40M | $61.70M | $63.18M | $63.33M | $66.10M | $64.39M | $66.91M |
| QoQ Change | — | +2.2% | -7.1% | +2.4% | +0.2% | +4.4% | -2.6% | +3.9% |
| YoY Change | — | — | — | — | -2.5% | -0.5% | +4.4% | +5.9% |
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Frequently Asked Questions
- What is Ventas's office operations — property-level operating expenses?
- Ventas (VTR) reported office operations — property-level operating expenses of $66.91M in Q1 2023.
- How has Ventas's office operations — property-level operating expenses changed year-over-year?
- Ventas's office operations — property-level operating expenses increased by 5.9% year-over-year, from $63.18M to $66.91M.
- What does office operations — property-level operating expenses mean?
- The total costs required to run and maintain the company's medical office properties.