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Ventas VTR OM&R — Property-level operating expenses

Other product segments

SHOP
$918.33M+30.4%
NNN
$2.9M-17.7%

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Other financials

Income statement

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Revenue$1.7B+22.0%
Net income$59.0M+22.1%
EPS (diluted)$0.11+10.0%

Balance sheet

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Cash & equivalents$183.6M+0.7%
Total debt$12.7B-1.5%
Total equity$13.1B+14.4%
Total assets$27.7B+6.4%

Cash flow

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Operating cash flow$394.6M+22.9%

Valuation

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Market cap$42.51B+50.8%
Enterprise value$55.05B+34.5%
P/E156.2×-32.7×
P/S6.9×+1.4×

Profitability

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Net margin4.4%+1.5pp
FCF margin33.1%

Returns & leverage

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Return on equity2.2%+0.8pp
Debt / equity-0.2×

Where this comes from

Reported directly by Ventas in its filing.

Tagged under the XBRL concept us-gaap:DirectCostsOfLeasedAndRentedPropertyOrEquipment.

The official record: Ventas’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ventas's OM&R — property-level operating expenses?
Ventas (VTR) reported OM&R — property-level operating expenses of $80.3M in Q1 2026.
How has Ventas's OM&R — property-level operating expenses changed year-over-year?
Ventas's OM&R — property-level operating expenses increased by 5.7% year-over-year, from $75.96M to $80.3M.
What is the long-term trend for Ventas's OM&R — property-level operating expenses?
Over 4 years (2021 to 2025), Ventas's OM&R — property-level operating expenses has grown at a 4.6% compound annual growth rate (CAGR), from $257M to $307.73M.
What does OM&R — property-level operating expenses mean?
Encompasses the direct costs required to maintain and operate the Outpatient Medical and Research properties, including utilities, property taxes, routine maintenance, and cleaning services. These expenses are essential for maintaining the quality and functionality of the medical and research facilities.