See more : Capital Metals plc (CMET.L) Income Statement Analysis – Financial Results
Complete financial analysis of Veris Residential, Inc. (VRE) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Veris Residential, Inc., a leading company in the REIT – Residential industry within the Real Estate sector.
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Veris Residential, Inc. (VRE)
About Veris Residential, Inc.
Veris Residential, Inc. is a forward-thinking, environmentally- and socially-conscious real estate investment trust (REIT) that primarily owns, operates, acquires, and develops holistically-inspired, Class A multifamily properties that meet the sustainability-conscious lifestyle needs of today's residents while seeking to positively impact the communities it serves and the planet at large. The company is guided by an experienced management team and Board of Directors and is underpinned by leading corporate governance principles, a best-in-class and sustainable approach to operations, and an inclusive culture based on equality and meritocratic empowerment. For additional information on Veris Residential, Inc. and our properties available for lease, please visit http://www.verisresidential.com/.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 279.86M | 355.02M | 329.32M | 313.56M | 350.94M | 530.61M | 616.20M | 613.40M | 594.88M | 636.80M | 667.03M | 704.74M | 724.28M | 787.48M | 764.53M | 777.97M | 808.35M | 740.31M | 643.41M | 588.99M | 586.25M | 569.61M | 584.35M | 576.15M | 551.48M | 493.70M | 249.80M | 95.47M | 62.30M | 16.90M |
| Cost of Revenue | 122.85M | 161.33M | 147.37M | 141.41M | 147.44M | 224.15M | 254.74M | 267.22M | 272.19M | 302.33M | 292.14M | 280.14M | 202.38M | 342.32M | 297.32M | 317.49M | 197.84M | 196.23M | 171.23M | 117.46M | 139.67M | 338.86M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 157.01M | 193.69M | 181.95M | 172.15M | 203.50M | 306.45M | 361.47M | 346.18M | 322.70M | 334.47M | 374.90M | 424.61M | 521.90M | 445.16M | 467.21M | 460.48M | 610.51M | 544.08M | 472.17M | 471.54M | 446.57M | 230.76M | 584.35M | 576.15M | 551.48M | 493.70M | 249.80M | 95.47M | 62.30M | 16.90M |
| Gross Profit Ratio | 56.10% | 54.56% | 55.25% | 54.90% | 57.99% | 57.76% | 58.66% | 56.44% | 54.25% | 52.52% | 56.20% | 60.25% | 72.06% | 56.53% | 61.11% | 59.19% | 75.53% | 73.49% | 73.39% | 80.06% | 76.17% | 40.51% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | -0.17 | -0.47 | -0.37 | 0.55 | 0.26 | 0.05 | 0.21 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 44.47M | 56.17M | 57.20M | 73.64M | 59.80M | 53.99M | 50.95M | 51.98M | 49.15M | 73.17M | 47.68M | 47.87M | 35.54M | 35.00M | 39.81M | 43.98M | 52.16M | 49.08M | 33.09M | 31.79M | 31.46M | 27.05M | 28.49M | 23.28M | 25.48M | 25.57M | 15.86M | 0.00 | 3.70M | 1.20M |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 44.47M | 56.17M | 57.20M | 73.64M | 59.80M | 53.99M | 50.95M | 51.98M | 49.15M | 73.17M | 47.68M | 47.87M | 35.54M | 35.00M | 39.81M | 43.98M | 52.16M | 49.08M | 33.09M | 31.79M | 31.46M | 27.05M | 28.49M | 23.28M | 25.48M | 25.57M | 15.86M | 5.80M | 3.70M | 1.20M |
| Other Expenses | 0.00 | 111.52M | 111.62M | 122.04M | 132.02M | 174.85M | 205.17M | 186.68M | 170.40M | 172.49M | 182.77M | 189.01M | 281.06M | 191.17M | 202.54M | 194.64M | 539.66M | 471.17M | 382.44M | 318.92M | 302.99M | 277.64M | 266.16M | 301.37M | 255.86M | 228.62M | 158.49M | 45.47M | -36.50M | -10.00M |
| Operating Expenses | 157.01M | 167.69M | 168.82M | 195.68M | 191.81M | 228.84M | 256.12M | 238.66M | 219.55M | 245.66M | 230.45M | 236.88M | 316.60M | 226.17M | 242.35M | 556.11M | 591.82M | 520.25M | 415.53M | 350.72M | 334.45M | 304.70M | 294.65M | 324.65M | 281.34M | 254.19M | 174.36M | 51.27M | -32.80M | -8.80M |
| Cost & Expenses | 268.53M | 329.02M | 316.19M | 337.09M | 339.25M | 452.99M | 510.85M | 505.88M | 491.74M | 547.99M | 522.58M | 517.01M | 518.98M | 568.49M | 539.67M | 556.11M | 591.82M | 520.25M | 415.53M | 350.72M | 334.45M | 304.70M | 294.65M | 324.65M | 281.34M | 254.19M | 174.36M | 51.27M | -32.80M | -8.80M |
| Interest Income | 5.52M | 729.00K | 524.00K | 43.00K | 2.41M | 3.39M | 2.77M | 1.61M | 794.00K | 3.62M | 2.90M | 35.00K | 39.00K | 86.00K | 571.00K | 1.39M | 4.67M | 3.05M | 856.00K | 1.37M | 1.10M | 2.30M | 2.19M | 0.00 | 0.00 | 2.40M | 0.00 | 0.00 | 300.00K | 100.00K |
| Interest Expense | 139.14M | 78.04M | 65.19M | 80.99M | 90.57M | 83.75M | 93.39M | 94.89M | 103.05M | 112.88M | 123.70M | 122.37M | 125.98M | 149.33M | 141.27M | 128.15M | 126.67M | 136.36M | 119.34M | 109.65M | 116.31M | 107.82M | 112.00M | 105.39M | 0.00 | 88.04M | 0.00 | 12.68M | 8.70M | 1.80M |
| Depreciation & Amortization | 93.59M | 256.30M | 325.46M | 337.09M | 383.56M | 308.28M | 510.89M | 492.78M | 170.40M | 173.85M | 191.52M | 192.16M | 193.01M | 190.67M | 202.54M | 194.64M | 424.00K | 160.86M | 156.10M | 130.25M | 119.16M | 109.51M | 91.47M | 92.09M | 87.21M | 78.92M | 36.83M | 15.81M | 12.10M | 3.80M |
| EBITDA | 104.92M | 139.45M | 121.02M | 94.72M | 384.57M | 376.46M | 307.20M | 329.95M | 74.07M | 286.54M | 225.54M | 351.77M | 398.89M | 404.70M | 410.84M | 416.49M | 273.42M | 380.92M | 383.97M | 228.99M | 370.95M | 371.67M | 393.04M | 343.59M | 371.85M | 318.42M | 112.27M | 60.01M | 107.20M | 29.50M |
| EBITDA Ratio | 37.49% | 39.28% | 36.75% | 30.21% | 45.19% | 50.87% | 49.85% | 53.79% | 45.58% | 41.43% | 50.45% | 54.49% | 55.07% | 53.77% | 55.25% | 52.22% | 65.24% | 48.73% | 58.99% | 62.46% | 63.28% | 65.25% | 67.26% | 59.64% | 67.43% | 64.50% | 44.94% | 62.86% | 172.07% | 174.56% |
| Operating Income | 3.15M | 27.93M | 9.41M | -23.62M | 26.57M | 53.05M | 105.35M | 104.64M | -96.33M | 88.81M | 33.60M | 169.49M | 205.30M | 209.47M | 208.30M | 221.86M | 216.53M | 220.06M | 227.87M | 238.28M | 251.79M | 264.92M | 289.70M | 251.50M | 253.69M | 239.51M | 75.45M | 44.20M | 95.10M | 25.70M |
| Operating Income Ratio | 1.13% | 7.87% | 2.86% | -7.53% | 7.57% | 10.00% | 17.10% | 17.06% | -16.19% | 13.95% | 5.04% | 24.05% | 28.35% | 26.60% | 27.25% | 28.52% | 26.79% | 29.73% | 35.42% | 40.45% | 42.95% | 46.51% | 49.58% | 43.65% | 46.00% | 48.51% | 30.20% | 46.29% | 152.65% | 152.07% |
| Total Other Income/Expenses | -159.85M | -5.40M | -157.27M | -115.50M | 104.17M | -60.18M | -71.63M | 25.66M | -45.72M | -57.42M | -123.28M | -144.01M | 2.02M | -143.80M | -159.95M | -156.98M | -106.07M | -75.39M | -118.27M | -111.10M | -108.74M | -125.20M | -11.86M | -251.50M | -14.50M | 0.00 | -75.45M | 95.63M | 0.00 | 0.00 |
| Income Before Tax | -156.70M | -34.14M | -149.02M | -115.52M | 252.55M | 106.40M | 33.72M | 130.29M | -142.05M | 31.39M | -89.69M | 46.28M | 81.39M | 63.44M | 63.73M | 53.73M | 110.47M | 144.67M | 95.49M | 102.45M | 143.05M | 139.72M | 277.84M | 0.00 | 239.19M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | -55.99% | -9.62% | -45.25% | -36.84% | 71.97% | 20.05% | 5.47% | 21.24% | -23.88% | 4.93% | -13.45% | 6.57% | 11.24% | 8.06% | 8.34% | 6.91% | 13.67% | 19.54% | 14.84% | 17.39% | 24.40% | 24.53% | 47.55% | 0.00% | 43.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 492.00K | 78.04M | 46.43M | 16.71M | 243.73M | 137.10M | 97.84M | 142.09M | 83.58M | 113.28M | 46.60M | 131.82M | 136.49M | 166.87M | 144.87M | 128.38M | 289.21M | 75.39M | 132.38M | 135.82M | 112.10M | 125.20M | 158.04M | 66.17M | 150.41M | 122.93M | 74.04M | 12.25M | 81.50M | 21.80M |
| Net Income | -107.27M | -112.18M | -195.45M | -132.24M | 8.82M | 84.11M | 23.19M | 117.22M | -125.75M | 28.57M | -14.91M | 40.92M | 71.42M | 54.90M | 54.57M | 53.73M | 110.47M | 144.67M | 95.49M | 102.45M | 143.05M | 139.72M | 131.66M | 185.34M | 119.74M | 116.58M | 1.41M | 31.94M | 13.60M | 3.90M |
| Net Income Ratio | -38.33% | -31.60% | -59.35% | -42.17% | 2.51% | 15.85% | 3.76% | 19.11% | -21.14% | 4.49% | -2.24% | 5.81% | 9.86% | 6.97% | 7.14% | 6.91% | 13.67% | 19.54% | 14.84% | 17.39% | 24.40% | 24.53% | 22.53% | 32.17% | 21.71% | 23.61% | 0.56% | 33.46% | 21.83% | 23.08% |
| EPS | -1.22 | -1.23 | -2.15 | -1.46 | 0.10 | 0.84 | 0.06 | 1.31 | -1.41 | 0.32 | -0.17 | 0.47 | 0.81 | 0.67 | 0.71 | 0.79 | 1.62 | 2.29 | 1.52 | 1.66 | 2.45 | 2.44 | 2.33 | 3.18 | 2.05 | 2.09 | 0.04 | 1.73 | 1.23 | 0.38 |
| EPS Diluted | -1.11 | -1.23 | -2.15 | -1.46 | 0.09 | 0.84 | 0.06 | 1.30 | -1.25 | 0.32 | -0.15 | 0.47 | 0.81 | 0.67 | 0.71 | 0.79 | 1.61 | 2.28 | 1.51 | 1.65 | 2.43 | 2.43 | 2.32 | 3.10 | 1.78 | 2.07 | 0.04 | 1.71 | 1.22 | 0.38 |
| Weighted Avg Shares Out | 91.88M | 91.05M | 90.84M | 90.65M | 90.56M | 100.72M | 90.01M | 89.75M | 89.29M | 88.73M | 87.76M | 87.74M | 86.05M | 79.22M | 74.32M | 65.49M | 67.03M | 62.24M | 61.48M | 60.35M | 57.72M | 57.23M | 56.54M | 58.34M | 58.39M | 55.84M | 39.27M | 15.68M | 11.06M | 10.26M |
| Weighted Avg Shares Out (Dil) | 100.81M | 91.05M | 90.84M | 90.65M | 100.69M | 100.72M | 100.70M | 100.50M | 100.22M | 100.04M | 99.79M | 100.00M | 98.96M | 92.48M | 88.39M | 80.65M | 82.50M | 77.90M | 74.19M | 68.74M | 65.98M | 65.48M | 64.79M | 73.07M | 67.13M | 63.89M | 44.16M | 18.65M | 11.15M | 10.26M |
Veris Residential Is An Innovator In Multifamily Real Estate
Veris Residential, Inc. is a multifamily REIT focusing on sustainable, urban properties for affluent renters, leveraging AI for operational efficiency and tenant engagement. Veris Residential's innovative use of AI, such as the leasing assistant Quinn, has improved lead generation, reduced...
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Veris Residential (VRE) came out with quarterly funds from operations (FFO) of $0.17 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to FFO of $0.12 per share a year ago.
Veris Residential, Inc. Reports Third Quarter 2024 Results
Raises Full-Year 2024 Guidance JERSEY CITY, N.J. , Oct. 30, 2024 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE) (the "Company"), a forward-thinking, environmentally and socially conscious multifamily REIT, today reported results for the third quarter 2024.
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JERSEY CITY, N.J. , Oct. 10, 2024 /PRNewswire/ -- Veris Residential, Inc. ("Veris Residential" or the "Company") (NYSE: VRE), a forward-thinking, environmentally and socially conscious REIT that primarily owns, operates, acquires and develops Class A multifamily properties, today announces that...
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Equity Residential bought 11 apartments with 3572 units from Blackstone for $964 million, expanding its presence in Dallas, Denver, and Atlanta. Public apartment REITs are trading below asset value, with substantial differences in pricing based on location and quality of...
Veris Residential Declares Quarterly Cash Dividend
JERSEY CITY, N.J. , Aug. 5, 2024 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE) ("Veris Residential" or the "Company"), a forward-thinking, environmentally and socially conscious REIT that primarily owns, operates, acquires and develops Class A multifamily properties, today announced that the...
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