Veris Residential, Inc. (VRE)
NYSE: VRE · Real-Time Price · USD
14.23
+0.11 (0.78%)
Aug 15, 2025, 4:00 PM - Market closed
Veris Residential Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | 2015 - 2019 |
|---|---|---|---|---|---|---|---|
Period Ending | Jun '25 Jun 30, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | 2015 - 2019 |
| Rental Revenue | 255.44 | 245.69 | 235.12 | 188.18 | 162.08 | 266.88 | Upgrade
|
| Property Management Fees | 3.03 | 3.34 | 3.87 | 3.58 | - | - | Upgrade
|
| Other Revenue | 27.2 | 26.6 | 25.03 | 22.95 | 28.45 | 36.9 | Upgrade
|
| Total Revenue | 285.68 | 275.63 | 264.02 | 214.71 | 190.53 | 303.79 | Upgrade
|
| Revenue Growth (YoY | 5.04% | 4.40% | 22.96% | 12.69% | -37.28% | -14.64% | Upgrade
|
| Property Expenses | 110.09 | 111.06 | 107.34 | 98.76 | 95.44 | 139.84 | Upgrade
|
| Selling, General & Administrative | 38.67 | 39.06 | 44.44 | 55.92 | 56.98 | 60.96 | Upgrade
|
| Depreciation & Amortization | 86.07 | 82.77 | 86.24 | 77.9 | 68.51 | 120.46 | Upgrade
|
| Total Operating Expenses | 234.82 | 232.89 | 238.02 | 232.58 | 220.93 | 321.25 | Upgrade
|
| Operating Income | 50.85 | 42.73 | 25.99 | -17.88 | -30.39 | -17.47 | Upgrade
|
| Interest Expense | -92.36 | -87.98 | -139.14 | -66.38 | -47.51 | -80.99 | Upgrade
|
| Interest & Investment Income | 0.39 | 2.37 | 5.52 | 0.73 | 0.52 | 0.04 | Upgrade
|
| Other Non-Operating Income | -2.32 | -2.27 | -7.63 | -3.47 | -12.21 | -2.58 | Upgrade
|
| EBT Excluding Unusual Items | -43.45 | -45.14 | -115.26 | -87 | -89.58 | -101 | Upgrade
|
| Impairment of Goodwill | - | - | - | - | -2.9 | - | Upgrade
|
| Gain (Loss) on Sale of Investments | 4.35 | 6.33 | -0.62 | -0.15 | -2.02 | 35.04 | Upgrade
|
| Gain (Loss) on Sale of Assets | 29.53 | 11.52 | 7.07 | 57.26 | 5.14 | 8.44 | Upgrade
|
| Total Insurance Settlements | - | - | 2.87 | - | - | - | Upgrade
|
| Asset Writedown | -18.29 | -2.62 | -9.32 | -9.37 | -20.82 | -53.4 | Upgrade
|
| Other Unusual Items | 0.01 | -0.78 | -5.61 | -0.13 | -47.08 | -10.37 | Upgrade
|
| Pretax Income | -27.84 | -30.7 | -120.87 | -39.38 | -157.27 | -121.28 | Upgrade
|
| Income Tax Expense | 0.18 | 0.28 | 0.49 | - | - | - | Upgrade
|
| Earnings From Continuing Operations | -28.02 | -30.97 | -121.36 | -39.38 | -157.27 | -121.28 | Upgrade
|
| Earnings From Discontinued Operations | 1.1 | 3.94 | 8.22 | 4.09 | 43.39 | 79.25 | Upgrade
|
| Net Income to Company | -26.92 | -27.04 | -113.14 | -35.3 | -113.87 | -42.03 | Upgrade
|
| Minority Interest in Earnings | 4.99 | 3.92 | 5.88 | -16.77 | -5.17 | -9.36 | Upgrade
|
| Net Income | -21.93 | -23.12 | -107.27 | -52.07 | -119.04 | -51.39 | Upgrade
|
| Preferred Dividends & Other Adjustments | - | - | 4.52 | 5.48 | 7.29 | 11.81 | Upgrade
|
| Net Income to Common | -21.93 | -23.12 | -111.78 | -57.54 | -126.33 | -63.2 | Upgrade
|
| Basic Shares Outstanding | 93 | 93 | 92 | 91 | 91 | 91 | Upgrade
|
| Diluted Shares Outstanding | 93 | 101 | 92 | 91 | 91 | 100 | Upgrade
|
| Shares Change (YoY) | 0.79% | 10.34% | 0.92% | 0.23% | -9.40% | 10.71% | Upgrade
|
| EPS (Basic) | -0.24 | -0.25 | -1.22 | -0.63 | -1.39 | -0.70 | Upgrade
|
| EPS (Diluted) | -0.26 | -0.25 | -1.22 | -0.64 | -1.39 | -0.70 | Upgrade
|
| Dividend Per Share | 0.310 | 0.263 | 0.102 | - | - | 0.400 | Upgrade
|
| Dividend Growth | 44.19% | 156.10% | - | - | - | -50.00% | Upgrade
|
| Operating Margin | 17.80% | 15.50% | 9.84% | -8.33% | -15.95% | -5.75% | Upgrade
|
| Profit Margin | -7.68% | -8.39% | -42.34% | -26.80% | -66.31% | -20.80% | Upgrade
|
| EBITDA | 136.9 | 125.48 | 112.15 | 59.99 | 38.13 | 100.28 | Upgrade
|
| EBITDA Margin | 47.92% | 45.52% | 42.48% | 27.94% | 20.01% | 33.01% | Upgrade
|
| D&A For Ebitda | 86.05 | 82.74 | 86.16 | 77.86 | 68.53 | 117.75 | Upgrade
|
| EBIT | 50.85 | 42.73 | 25.99 | -17.88 | -30.39 | -17.47 | Upgrade
|
| EBIT Margin | 17.80% | 15.50% | 9.84% | -8.33% | -15.95% | -5.75% | Upgrade
|
| Funds From Operations (FFO) | 71.59 | 59.03 | 20.83 | 89.59 | -22.75 | 68.11 | Upgrade
|
| Adjusted Funds From Operations (AFFO) | - | 59.03 | 20.83 | 89.59 | -22.75 | 68.11 | Upgrade
|
| FFO Payout Ratio | 41.72% | 40.75% | 24.60% | 0.07% | - | 88.87% | Upgrade
|
| Revenue as Reported | 279.94 | 271.07 | 260.3 | 213.36 | 194.65 | 307.48 | Upgrade
|
Updated Apr 23, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.