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 | 93.54M | 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 | 76.03M | 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 | 27.17% | 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 COO Anna Malhari to Speak at The Nest Summit Campus During Climate Week NYC
Takes Main Stage on September 22 to Join Panel Discussion on a Brand's Role in the Shift to Sustainable Choices for Businesses and Consumers JERSEY CITY, N.J. , Sept. 19, 2022 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE), a forward-thinking,...
Veris Residential Announces Headline Sponsorship of St. Jude Children's Research Hospital® Walk/Run 5K at MetLife Stadium on September 24, 2022
Seeks to Raise $100,000 to Help Fund Care for Children with Cancer, Aid for their Families, and Ongoing Research Peloton Instructor Kirsten Ferguson to Lead Walk/Run Participants in Warm-Up Stretch JERSEY CITY, N.J. , Sept. 19, 2022 /PRNewswire/ -- Veris...
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Veris Residential, Inc. Reports Second Quarter 2022 Results
JERSEY CITY, N.J. , Aug. 3, 2022 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE) (the "Company") today reported results for the second quarter 2022.
VERIS RESIDENTIAL ADVANCES COMMITMENT TO ENVIRONMENTAL, SOCIAL, AND GOVERNANCE RESPONSIBILITY
Achieves Top ISS ESG QualityScore Rating for Environmental and Social Disclosures ~40% of Wholly-Owned Multifamily Portfolio is Green Certified (LEED® or equivalent) JERSEY CITY, N.J. , July 28, 2022 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE), a forward-thinking, environmentally- and...
VERIS RESIDENTIAL RELEASES 2021 ESG REPORT
Formally Announces Karen Cusmano Head of Sustainability and ESG Launches New Website Unifying Company's Entire Portfolio on One User-Friendly Platform JERSEY CITY, N.J. , May 31, 2022 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE), a forward-thinking, environmentally- and socially-conscious REIT...
Veris Residential, Inc. (VRE) CEO Mahbod Nia on Q1 2022 Results - Earnings Call Transcript
Veris Residential, Inc. (NYSE:VRE ) Q1 2022 Earnings Conference Call May 5, 2022 8:30 AM ET Company Participants Mahbod Nia - CEO Amanda Lombard - CFO Conference Call Participants Tom Catherwood - BTIG Brian Spahn - Evercore ISI Michael Bilerman...
Veris Residential, Inc. Reports First Quarter 2022 Results
JERSEY CITY, N.J. , May 4, 2022 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE) (the "Company") today reported its results for the first quarter 2022.
Source: https://incomestatements.info
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