OM&R — Property-level operating expenses
Ventas OM&R — Property-level operating expenses increased by 3.4% to $80.30M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 5.7%, from $75.96M to $80.30M. Over 3 years (FY 2021 to FY 2025), OM&R — Property-level operating expenses shows an upward trend with a 6.2% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase relative to revenue suggests margin compression, while a decrease relative to revenue indicates improved operational leverage.
Detailed definition
Encompasses the direct costs required to maintain and operate the Outpatient Medical and Research properties, including...
Peer comparison
Standard metric for all property-owning REITs; peers report this as 'Property Operating Expenses' or 'Operating Expenses'.
vtr_segment_om_r_property_level_operating_expensesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q2 '22 | Q3 '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 | $64.25M | $64.25M | $64.25M | $63.33M | $66.10M | $66.91M | $72.17M | $78.92M | $74.78M | $73.94M | $73.29M | $77.48M | $73.62M | $75.96M | $75.00M | $79.14M | $77.64M | $80.30M |
| QoQ Change | — | +0.0% | +0.0% | -1.4% | +4.4% | +1.2% | +7.9% | +9.3% | -5.2% | -1.1% | -0.9% | +5.7% | -5.0% | +3.2% | -1.3% | +5.5% | -1.9% | +3.4% |
| YoY Change | — | — | — | -1.4% | +2.9% | — | +14.0% | +19.4% | — | +10.5% | +1.5% | -1.8% | -1.6% | +2.7% | +2.3% | +2.1% | +5.5% | +5.7% |
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Frequently Asked Questions
- What is Ventas's om&r — property-level operating expenses?
- Ventas (VTR) reported om&r — property-level operating expenses of $80.30M 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 $80.30M.
- What is the long-term trend for Ventas's om&r — property-level operating expenses?
- Over 3 years (2021 to 2025), Ventas's om&r — property-level operating expenses has grown at a 6.2% compound annual growth rate (CAGR), from $257.00M to $307.73M.
- What does om&r — property-level operating expenses mean?
- The direct costs of running and maintaining medical office and research buildings.