See more : Deutsche Pfandbriefbank AG (PBBGF) 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.
You may be interested
- 1414 Degrees Limited (14D.AX) Income Statement Analysis – Financial Results
- Laboratorio Reig Jofre, S.A. (RJF.MC) Income Statement Analysis – Financial Results
- Hydrogen Engine Center, Inc. (HYEG) Income Statement Analysis – Financial Results
- Cisco Systems, Inc. (4333.HK) Income Statement Analysis – Financial Results
- Electra Private Equity Plc (ELTA.L) Income Statement Analysis – Financial Results
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 Declares Quarterly Cash Dividend
JERSEY CITY, N.J. , May 6, 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...
3 REITs That Could Be Heading Six-Feet Under
BankRate recently noted that home prices in the U.S. continue to rise due to a persistent lack of housing supply, even amidst some of the highest mortgage rates seen in the last two decades. This ongoing price increase is driven...
Veris Residential, Inc. (VRE) Q1 2024 Earnings Call Transcript
Veris Residential, Inc. (NYSE:VRE ) Q1 2024 Earnings Conference Call April 25, 2024 8:30 AM ET Company Participants Taryn Fielder - General Counsel Mahbod Nia - Chief Executive Officer Amanda Lombard - Chief Financial Officer Conference Call Participants Steve Sakwa...
Veris (VRE) Reports Q1 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for Veris (VRE) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates...
Veris Residential, Inc. Reports First Quarter 2024 Results
JERSEY CITY, N.J. , April 24, 2024 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE) (the "Company"), a forward-thinking, environmentally and socially conscious multifamily REIT, today reported results for the first quarter 2024.
Veris Residential, Inc. Announces Dates for First Quarter 2024 Financial Results and Webcast
JERSEY CITY, N.J., April 15, 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 it will...
Veris Residential Declares Quarterly Cash Dividend
JERSEY CITY, N.J. , Feb. 29, 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...
Veris Residential, Inc. (VRE) Q4 2023 Earnings Call Transcript
Veris Residential, Inc. (VRE) Q4 2023 Earnings Call Transcript
Compared to Estimates, Veris (VRE) Q4 Earnings: A Look at Key Metrics
The headline numbers for Veris (VRE) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Veris Residential (VRE) Surpasses Q4 FFO and Revenue Estimates
Veris Residential (VRE) came out with quarterly funds from operations (FFO) of $0.12 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to FFO of $0.05 per share a year ago.
Source: https://incomestatements.info
Category: Stock Reports