Discontinued — last reported Q2 '25
Senior Living Operations — Property-level operating expenses
Ventas Senior Living Operations — Property-level operating expenses increased by 5.9% to $746.30M in Q2 2025 compared to the prior quarter. Year-over-year, this metric grew by 23.7%, from $603.36M to $746.30M. Over 2 years (FY 2021 to FY 2023), Senior Living Operations — Property-level operating expenses shows an upward trend with a 11.4% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
Rising expenses relative to revenue indicate margin pressure, whereas declining expenses relative to revenue suggest improved operational leverage and efficiency.
Detailed definition
Property-level operating expenses represent the aggregate costs required to maintain and operate senior living facilitie...
Peer comparison
A standard industry metric for real estate operators; peers report this to show the total operating cost structure of their property portfolios.
vtr_segment_senior_living_operations_property_level_operating_expensesHistorical Data
| 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 | Q1 '25 | Q2 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $424.81M | $453.66M | $515.43M | $475.53M | $507.45M | $499.97M | $521.47M | $537.22M | $547.11M | $573.72M | $589.77M | $609.82M | $603.36M | $704.40M | $746.30M |
| QoQ Change | — | +6.8% | +13.6% | -7.7% | +6.7% | -1.5% | +4.3% | +3.0% | +1.8% | +4.9% | +2.8% | +3.4% | -1.1% | +16.7% | +5.9% |
| YoY Change | — | — | — | — | +19.5% | +10.2% | +1.2% | +13.0% | +7.8% | +14.7% | +13.1% | +13.5% | +10.3% | +15.5% | +23.7% |
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Frequently Asked Questions
- What is Ventas's senior living operations — property-level operating expenses?
- Ventas (VTR) reported senior living operations — property-level operating expenses of $746.30M in Q2 2025.
- How has Ventas's senior living operations — property-level operating expenses changed year-over-year?
- Ventas's senior living operations — property-level operating expenses increased by 23.7% year-over-year, from $603.36M to $746.30M.
- What is the long-term trend for Ventas's senior living operations — property-level operating expenses?
- Over 2 years (2021 to 2023), Ventas's senior living operations — property-level operating expenses has grown at a 11.4% compound annual growth rate (CAGR), from $1.81B to $2.25B.
- What does senior living operations — property-level operating expenses mean?
- The total cost to operate senior living properties before corporate overhead.