Veris Residential Inc. (VRE)

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15.88

0.57 (3.72%)

At close: Apr 17, 2025, 3:59 PM

15.68

-1.26%

After-hours: Apr 17, 2025, 08:00 PM EDT

Veris Residential Income Statement

Financials in USD. Fiscal year is January - December.

Fiscal Year	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021	Q4 2020	Q3 2020	Q2 2020	Q1 2020	Q4 2019	Q3 2019	Q2 2019	Q1 2019	Q4 2018	Q3 2018	Q2 2018	Q1 2018	Q4 2017	Q3 2017	Q2 2017	Q1 2017	Q4 2016	Q3 2016	Q2 2016	Q1 2016
Period Ending	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016	Mar 31, 2016
Revenue	68.08M	68.17M	67.48M	67.34M	72.92M	71.48M	68.73M	66.92M	86.2M	91.36M	79.83M	99.1M	88.23M	83.74M	81.25M	76.09M	81.2M	77.65M	72.65M	82.06M	86.67M	131.88M	130.46M	134.25M	132.94M	132.11M	126.59M	138.97M	143.53M	160.02M	162.77M	149.89M	153.73M	157.52M	149.23M	152.92M
Cost of Revenue	28.89M	45.78M	48.61M	49.38M	34.06M	32.54M	28.67M	27.74M	44.83M	42.17M	37.13M	37.52M	38.93M	36.08M	37.68M	34.69M	37.77M	36.66M	32.4M	34.58M	34.05M	55.28M	54.19M	56.76M	52.74M	57.18M	52.82M	61.42M	59M	65.3M	64.56M	65.87M	66.58M	66.65M	63.61M	70.38M
Gross Profit	39.19M	22.4M	18.87M	17.96M	38.85M	38.95M	40.06M	39.18M	41.37M	49.18M	42.69M	61.58M	49.31M	47.67M	43.57M	41.4M	43.43M	40.99M	40.25M	47.48M	52.62M	76.6M	76.27M	77.49M	80.2M	74.94M	73.77M	77.55M	84.53M	94.72M	98.2M	84.02M	87.15M	90.87M	85.62M	82.54M
Operating Income	7.97M	13.44M	9M	6.36M	21.9M	971K	-26.79M	7.07M	-129K	7.34M	6.59M	15.35M	909K	7.03M	-3.39M	-760K	2.57M	-19.62M	-4.34M	-2.13M	-28.85M	14.47M	9.95M	16.11M	-3.52M	17.5M	18.9M	20.17M	23.4M	29.2M	27.95M	24.8M	22.11M	27.93M	27.37M	27.23M
Interest Income	111K	181K	1.54M	538K	232K	1.24M	3.93M	116K	102K	280K	189K	158K	5.14M	n/a	95K	17K	1K	3K	7K	32K	886K	189K	515K	824K	769K	851K	641K	1.13M	1.41M	762K	122K	474K	875K	1.26M	146K	n/a
Pretax Income	-14.9M	-11.07M	1.49M	-6.21M	-49.38M	-61.35M	-26.79M	-19.39M	39.84M	-106.95M	38.25M	-4.53M	-23.31M	-26.58M	-78.91M	-20.22M	35.69M	-76.38M	-42.73M	-32.09M	62.13M	-56.02M	-20.33M	275.59M	52.52M	1.69M	1.5M	50.69M	5.41M	44.7M	-39.13M	22.73M	16.76M	-9.61M	54.37M	68.77M
Net Income	-12.45M	-9.76M	2.92M	-3.9M	-5.05M	-54.81M	-27.43M	-24.42M	19.35M	-129.09M	20.54M	-13.94M	-28.88M	-28.31M	-81.01M	7.62M	65.63M	-42.21M	-34.89M	-39.92M	-54.65M	-55.93M	-22.05M	244.5M	43.8M	-1.48M	-1.25M	43.04M	2.58M	38.05M	-37.33M	19.88M	15.18M	-8.54M	48.39M	62.19M
Selling & General & Admin	10.04M	8.96M	8.97M	11.09M	9.98M	14.62M	9.58M	10.29M	12.25M	12.86M	11.58M	19.48M	13.85M	11.29M	18.07M	13.99M	11.64M	28.95M	17.24M	15.82M	16.96M	12.59M	16.97M	13.34M	12.83M	11.62M	13.46M	16.09M	13.73M	13.14M	12.49M	11.59M	12.97M	14.01M	12.76M	12.25M
Research & Development	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Other Expenses	21.18M	n/a	-250K	-11.6M	77K	-57K	853K	23.88M	28.71M	28.96M	27.73M	26.51M	-86.41M	29.34M	28.89M	28.17M	29.23M	31.67M	27.34M	33.8M	-14.92M	49.54M	49.35M	48.05M	46.32M	45.81M	41.41M	41.3M	47.4M	52.38M	57.76M	47.63M	52.05M	48.12M	43.46M	43.06M
Operating Expenses	31.22M	43.56M	29.29M	11.6M	33.03M	37.83M	33.27M	34.16M	40.96M	41.82M	39.31M	45.99M	39.06M	40.64M	46.96M	42.16M	40.86M	60.62M	44.58M	49.61M	52.87M	62.13M	66.32M	61.38M	59.15M	57.43M	54.87M	57.38M	61.13M	65.52M	70.25M	59.22M	65.01M	62.12M	56.21M	55.31M
Interest Expense	23.29M	21.51M	21.68M	21.5M	21.93M	60.11M	35.08M	22.01M	23.17M	22.14M	17.71M	15.03M	15.83M	19.93M	16.55M	17.61M	19.2M	20.27M	20.61M	20.92M	22.75M	23.45M	23.52M	24.77M	23.59M	21.09M	19M	20.07M	22.49M	25.63M	24.94M	20.32M	22.73M	24.23M	22.93M	25.66M
Selling & Marketing Expenses	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Cost & Expenses	60.11M	54.73M	58.47M	60.98M	67.09M	70.37M	61.94M	61.91M	85.79M	84M	76.45M	83.51M	77.98M	76.71M	84.64M	76.85M	78.64M	97.27M	76.99M	84.19M	86.92M	117.41M	120.51M	118.14M	111.89M	114.61M	107.69M	118.8M	120.13M	130.81M	134.82M	125.09M	131.59M	128.77M	119.82M	125.69M
Income Tax Expense	2K	39K	176K	59K	199K	293K	39.55M	5.02M	20.49M	22.14M	17.71M	9.41M	12.26M	20.51M	19.61M	-10.63M	34.19M	-12.54M	11.82M	28.04M	-32.73M	24.45M	25.97M	69.73M	-13.57M	38.54M	22.77M	31.11M	-7.7M	32.46M	21.56M	24.41M	-11.49M	45.49M	33.48M	40.84M
Shares Outstanding (Basic)	92.69M	92.9M	92.66M	92.28M	92.24M	92.18M	91.87M	91.23M	91.3M	100.38M	100.35M	99.93M	90.95M	90.94M	90.77M	90.69M	90.69M	90.67M	90.63M	90.62M	90.61M	90.58M	90.53M	90.5M	90.49M	90.47M	90.33M	90.26M	90.03M	90.02M	90.01M	89.95M	89.77M	89.75M	89.74M	89.72M
Shares Outstanding (Diluted)	101.38M	101.59M	101.95M	100.97M	92.24M	100.92M	100.85M	91.23M	100.42M	100.38M	100.35M	99.93M	99.96M	99.97M	99.87M	99.76M	99.76M	100.31M	100.21M	100.18M	100.26M	100.56M	100.52M	100.94M	100.84M	100.71M	100.6M	100.6M	100.47M	100.73M	100.37M	100.64M	100.58M	100.25M	100.4M	100.31M
EPS (Basic)	0.12	-0.1	0.03	-0.04	-0.05	-0.59	-0.3	-0.27	0.21	-1.29	0.20	-0.14	-0.32	-0.31	-0.89	0.06	0.72	-0.47	-0.38	-0.44	-0.6	-0.62	-0.24	2.67	0.45	-0.02	-0.01	0.45	-0.01	0.39	-0.41	0.11	0.17	-0.1	0.54	0.69
EPS (Diluted)	0.11	-0.1	0.03	-0.04	-0.05	-0.54	-0.27	-0.27	0.19	-1.29	0.20	-0.14	-0.29	-0.28	-0.81	0.06	0.66	-0.42	-0.35	-0.4	-0.55	-0.56	-0.22	2.66	0.45	-0.01	-0.01	0.45	-0.01	0.39	-0.37	0.11	0.17	-0.09	0.54	0.69
EBITDA	29.57M	34.6M	29.32M	26.48M	28.29M	21.62M	32.76M	27.87M	28.58M	20.99M	65.98M	21.99M	29.65M	32.7M	-50.01M	27.41M	28.24M	13.83M	22.72M	31.66M	40.69M	37.4M	59.81M	78.09M	67.29M	68.6M	60.31M	64.16M	70.79M	80.81M	82.53M	72.85M	74.79M	76.05M	77.89M	79.24M
EBIT	8.39M	10.43M	23.17M	15.29M	-27.44M	-334K	9.63M	3.18M	63.01M	-3.77M	48.02M	15.59M	4.44M	3.36M	-6.13M	-2.61M	2.57M	-19.62M	-4.34M	-2.13M	72.14M	-32.34M	-272K	290.85M	76.11M	22.78M	20.5M	20.09M	27.9M	29.21M	27.96M	24.75M	39.49M	28.94M	77.3M	94.43M
Depreciation & Amortization	21.18M	21.16M	20.32M	20.12M	23.05M	23.21M	23.68M	23.88M	28.71M	28.96M	27.73M	26.51M	25.21M	29.34M	28.89M	28.17M	23.92M	32.08M	27.99M	33.8M	35.91M	48.34M	48.53M	47.29M	46.32M	45.07M	40.34M	39.49M	47.4M	50.67M	56.05M	46.34M	52.05M	47.59M	43.76M	43.41M