What does lease costs mean?

These are the direct operating expenses associated with maintaining and managing leased properties, including property-level maintenance and related depreciation. It measures the operational efficiency of the property management function.

Ventas VTR Lease Costs

Segments

By product

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SHOP$918.33M+30.4%

OM&R$80.3M+5.7%

NNN$2.9M-17.7%

By segment

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Outpatient medical and research portfolio (OM&R)$80.3M+5.7%

Triple-Net Leased Properties$2.9M-17.7%

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×

Questions, answered.

What does lease costs mean?: These are the direct operating expenses associated with maintaining and managing leased properties, including property-level maintenance and related depreciation. It measures the operational efficiency of the property management function.