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
DateValue
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