See more : Lincoln National Corporation (LNC) 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 Joins MIT Center for Real Estate Program as Strategic Partner
CAMBRIDGE, Mass. and JERSEY CITY, N.J.
Veris Residential (VRE) Holds Discussions With Shareholder Madison International Realty Seeking Board Seat
Homebuilder Veris Residential's Board has been busy again in discussions, this time with shareholder Madison International Realty.
Veris Residential Welcomes Constructive Dialogue with Kushner Companies to Maximize Value for All Shareholders
Releases Letter to Kushner Companies in the Spirit of Transparency and to Ensure All Veris Residential Shareholders Have Equal Access to Important Information Regarding the Company Board Unanimously Concluded that Kushner Companies' Increased Unsolicited Acquisition Proposals Failed to Compensate Shareholders...
Veris Residential Celebrates Anniversary of Rebranding
Highlights Achievements in Support of Becoming a More Sustainable, Responsible and Inclusive Owner, Operator and Developer JERSEY CITY, N.J. , Dec. 7, 2022 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE) (the "Company"), a forward-thinking, environmentally- and socially-conscious real estate investment trust...
Taconic Capital Advisors and HEI Hotels & Resorts Jointly Acquire Hyatt Regency Jersey City
NEW YORK--( BUSINESS WIRE )--Taconic Capital Advisors LP (“Taconic”) and HEI Hotels & Resorts (“HEI”), today announced that they have jointly acquired Hyatt Regency Jersey City from affiliates of Hyatt Hotels Corporation (NYSE: H) and Veris Residential Inc. (NYSE: VRE)....
Veris Residential continues to reject buyout offer from Kusher Cos. and Fortress Investment Group
Veris Residential Inc. VRE, +0.84% said Friday it continues to reject a buyout price of $16 a share from Kushner Cos. and Fortress Investment Group as "grossly" undervaluing the company, according to a filing.
Veris Residential, Inc. (VRE) Q3 2022 Earnings Call Transcript
Veris Residential, Inc. (NYSE:VRE ) Q3 2022 Results Conference Call November 3, 2022 8:30 AM ET Company Participants Taryn Fielder - General Counsel Mahbod Nia - Chief Executive Officer Amanda Lombard - CFO Conference Call Participants Stephen Sakwa - Evercore...
Kushner Responds to Board of Directors of Veris Residential
NEW YORK , Nov. 3, 2022 /PRNewswire/ -- Kushner (together with its affiliates, "Kushner"), a seasoned real estate owner and operator and one of the largest shareholders of Veris Residential (NYSE: VRE) ("Veris"), today sent a response to Veris' Board...
Veris Residential Unanimously Rejects Unsolicited Proposals from Kushner Companies
Board is Open to Evaluating All Credibly Financed Proposals That Maximize Value for Shareholders JERSEY CITY, N.J. , Nov. 3, 2022 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE) (the "Company"), a forward-thinking, environmentally- and socially-conscious real estate investment trust (REIT)...
Veris Residential, Inc. Reports Third Quarter 2022 Results
JERSEY CITY, N.J. , Nov. 2, 2022 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE) (the "Company") today reported results for the third quarter 2022.
Source: https://incomestatements.info
Category: Stock Reports