Ventas (VTR) Operating Expenses (2009 - 2026)
Ventas' (VTR) quarterly Operating Expenses came in at $1.6 billion in Q1 2026, up 23.11% year-on-year from $1.3 billion in Q1 2025, and up 8.85% quarter-over-quarter from $1.5 billion in Q4 2025.
Ventas (VTR) Operating Expenses (2009 - 2026) Analysis & Trends
Ventas' Operating Expenses history runs 18 years deep, the most recent figure standing at $1.6 billion for Q1 2026.
- On a quarterly basis, Operating Expenses rose 23.11% year-over-year to $1.6 billion in Q1 2026; TTM through Mar 2026 was $5.9 billion, a 17.69% increase from a year earlier, with the FY2025 full-year figure at $5.6 billion, up 14.14% from the prior year.
- Operating Expenses advanced to $1.6 billion in Q1 2026 per VTR's latest filing, from $1.5 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $1.6 billion in Q1 2026 and bottomed at $979.6 million in Q1 2022.
- The 5-year median for Operating Expenses is $1.2 billion (2024), against an average of $1.2 billion.
- Across the five-year window, Operating Expenses declined 2.17% in 2023 and grew 23.11% in 2026, its largest moves.
- Year by year, Operating Expenses stood at $1.1 billion in 2022, then climbed by 12.59% to $1.3 billion in 2023, then grew by 0.8% to $1.3 billion in 2024, then climbed by 15.7% to $1.5 billion in 2025, then increased by 8.85% to $1.6 billion in 2026.
- Per Business Quant, the three latest VTR Operating Expenses figures stand at $1.6 billion (Q1 2026), $1.5 billion (Q4 2025), and $1.4 billion (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 172.91 Bn | 168.34 Bn | 1.30 Bn | 3.01 Bn |
| 2 | Ventas | 46.62 Bn | 46.50 Bn | 1.65 Bn | 1.62 Bn |
| 3 | Healthpeak Properties | 15.34 Bn | 16.55 Bn | - | 323.86 Mn |
| 4 | Omega Healthcare Investors | 15.14 Bn | 15.41 Bn | - | 167.14 Mn |
| 5 | American Healthcare REIT | 10.71 Bn | 10.59 Bn | 97.60 Mn | 611.91 Mn |
| 6 | CareTrust REIT | 9.45 Bn | 9.46 Bn | - | 3.11 Mn |
| 7 | Healthcare Realty Trust | 7.33 Bn | 7.33 Bn | - | 247.32 Mn |
| 8 | Sabra Health Care REIT | 5.09 Bn | 5.09 Bn | - | 3.77 Mn |
| 9 | Diversified Healthcare Trust | 4.51 Bn | 4.39 Bn | 295.29 Mn | 371.20 Mn |
| 10 | National Health Investors | 3.86 Bn | 3.87 Bn | - | 78.03 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.62 Bn |
| Dec 31, 2025 | 1.49 Bn |
| Sep 30, 2025 | 1.44 Bn |
| Jun 30, 2025 | 1.38 Bn |
| Mar 31, 2025 | 1.32 Bn |
| Dec 31, 2024 | 1.29 Bn |
| Sep 30, 2024 | 1.22 Bn |
| Jun 30, 2024 | 1.22 Bn |
| Mar 31, 2024 | 1.21 Bn |
| Dec 31, 2023 | 1.28 Bn |
| Sep 30, 2023 | 1.23 Bn |
| Jun 30, 2023 | 1.04 Bn |
| Mar 31, 2023 | 1.07 Bn |
| Dec 31, 2022 | 1.13 Bn |
| Sep 30, 2022 | 1.04 Bn |
| Jun 30, 2022 | 1.07 Bn |
| Mar 31, 2022 | 979.64 Mn |
| Dec 31, 2021 | 1.09 Bn |
| Sep 30, 2021 | 1.06 Bn |
| Jun 30, 2021 | 873.29 Mn |