What is Ventas's SHOP — labor?

Ventas (VTR) reported SHOP — labor of $513.96M in Q1 2026.

What does SHOP — labor mean?

This metric tracks the total costs associated with staffing the Senior Housing Operating Portfolio, including wages, benefits, and contract labor. As senior housing is a service-intensive industry, labor is typically the largest operating expense. Managing this cost is critical for maintaining margins in the face of wage inflation and staffing shortages.

Ventas VTR SHOP — Labor

Other segment segments

NNN

$0—

OM&R

$0—

Similar metrics at other companies

NHISHOP — Labor

$14.7M+242%

AHRSHOP — Labor And Related Expense

$47.65M+40.1%

NHISHOP — Other senior housing operating expenses

$3.92M+79.7%

NHISHOP — Dietary

$2.23M+114%

AHRSHOP — Utilities Food Repairs And Maintenance And Other Operating Expenses

$28.51M+48.6%

NHISenior housing operating expenses

$28.17M+160%

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 / equity1×-0.2×

Where this comes from

Reported directly by Ventas in its filing.

Tagged under the XBRL concept us-gaap:CostDirectLabor.

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

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What is Ventas's SHOP — labor?: Ventas (VTR) reported SHOP — labor of $513.96M in Q1 2026.
What does SHOP — labor mean?: This metric tracks the total costs associated with staffing the Senior Housing Operating Portfolio, including wages, benefits, and contract labor. As senior housing is a service-intensive industry, labor is typically the largest operating expense. Managing this cost is critical for maintaining margins in the face of wage inflation and staffing shortages.