• Ventas average operating margin for 2023 was 10.92%, a 9.38% decline from 2022.
• Ventas average operating margin for 2022 was 12.05%, a 3.6% decline from 2021.
• Ventas average operating margin for 2021 was 12.5%, a 29.14% decline from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.