What is Ventas's SHOP — NOI?

Ventas (VTR) reported SHOP — NOI of $374.46M in Q1 2026.

How has Ventas's SHOP — NOI changed year-over-year?

Ventas's SHOP — NOI increased by 41.6% year-over-year, from $264.5M to $374.46M.

What does SHOP — NOI mean?

Net Operating Income (NOI) generated specifically from the Senior Housing Operating Portfolio (SHOP) segment. This metric measures the profitability of senior living properties where the company retains operational control and bears the associated market risks. It is a key indicator of the underlying performance of the company's core senior housing business.

Ventas VTR SHOP — NOI

Similar metrics at other companies

NHISHOP — Net Operating Income

$8.89M+188%

NHISHOP — Other non-operating income

$0—

WELLSeniors Housing Operating — Net Operating Income

$775.01M+60.4%

NHISHOP — Interest and other income

$0—

AHRSHOP — Operating Income

$25.84M+120%

AHRSHOP — Operating Lease Lease Income

$0—

Other financials

Income statement

See full

Revenue$1.7B+22.0%

Net income$59.0M+22.1%

EPS (diluted)$0.11+10.0%

Balance sheet

See full

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

See full

Operating cash flow$394.6M+22.9%

Valuation

See full

Market cap$42.51B+50.8%

Enterprise value$55.05B+34.5%

P/E156.2×-32.7×

P/S6.9×+1.4×

Profitability

See full

Net margin4.4%+1.5pp

FCF margin33.1%—

Returns & leverage

See full

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 vtr:NetOperatingIncome.

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 SHOP — NOI?: Ventas (VTR) reported SHOP — NOI of $374.46M in Q1 2026.
How has Ventas's SHOP — NOI changed year-over-year?: Ventas's SHOP — NOI increased by 41.6% year-over-year, from $264.5M to $374.46M.
What does SHOP — NOI mean?: Net Operating Income (NOI) generated specifically from the Senior Housing Operating Portfolio (SHOP) segment. This metric measures the profitability of senior living properties where the company retains operational control and bears the associated market risks. It is a key indicator of the underlying performance of the company's core senior housing business.