Veris Residential Inc. (VRE)

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15.88

0.57 (3.72%)

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

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	271.07M	275.91M	279.21M	280.47M	280.05M	293.34M	313.21M	324.31M	356.48M	358.51M	350.9M	352.32M	329.32M	322.29M	316.19M	307.6M	313.56M	319.03M	373.26M	431.07M	483.27M	529.53M	529.76M	525.89M	530.61M	541.2M	569.1M	605.28M	616.2M	626.4M	623.9M	610.36M	613.4M	606.11M	594.75M	594.09M
Cost of Revenue	172.65M	177.82M	164.58M	144.65M	123.02M	133.78M	143.42M	151.88M	161.66M	155.75M	149.66M	150.2M	147.37M	146.22M	146.8M	141.53M	141.41M	137.68M	156.31M	178.1M	200.28M	218.97M	220.86M	219.49M	224.15M	230.42M	238.54M	250.29M	254.74M	262.31M	263.66M	262.7M	267.22M	267.54M	264.42M	267.68M
Gross Profit	98.42M	98.08M	114.63M	135.82M	157.04M	159.56M	169.79M	172.43M	194.82M	202.76M	201.24M	202.12M	181.95M	176.07M	169.4M	166.07M	172.15M	181.35M	216.95M	252.97M	282.98M	310.56M	308.9M	306.4M	306.45M	310.78M	330.56M	354.99M	361.46M	364.09M	360.24M	347.66M	346.18M	338.57M	330.33M	326.42M
Operating Income	36.77M	50.7M	38.23M	2.44M	3.15M	-18.88M	-12.51M	20.87M	29.15M	30.18M	29.88M	19.9M	3.79M	5.45M	-21.2M	-22.15M	-23.52M	-54.94M	-20.84M	-6.56M	11.69M	37.01M	40.04M	49M	53.05M	79.97M	91.67M	100.72M	105.35M	104.06M	102.79M	102.21M	104.64M	71.14M	-96.1M	-96.11M
Interest Income	2.37M	2.49M	3.55M	5.94M	5.51M	5.38M	4.42M	687K	729K	5.77M	5.49M	5.4M	5.26M	113K	116K	28K	43K	928K	1.11M	1.62M	2.41M	2.3M	2.96M	3.08M	3.39M	4.03M	3.94M	3.42M	2.77M	2.23M	2.73M	2.76M	2.28M	1.64M	382K	527K
Pretax Income	-30.7M	-65.17M	-115.44M	-143.72M	-156.91M	-67.7M	-113.29M	-48.26M	-33.39M	-96.54M	-16.17M	-133.33M	-149.02M	-90.02M	-139.83M	-103.65M	-115.52M	-89.08M	-68.72M	-46.31M	261.38M	251.77M	309.48M	331.31M	106.4M	59.29M	102.3M	61.68M	33.72M	45.07M	-9.24M	84.25M	130.29M	77.56M	-54.98M	-69.96M
Net Income	-23.18M	-15.79M	-60.84M	-91.19M	-111.71M	-87.31M	-161.59M	-113.62M	-103.14M	-151.37M	-50.6M	-152.15M	-130.58M	-36.07M	-49.96M	-3.84M	-51.39M	-171.67M	-185.39M	-172.56M	111.86M	210.32M	264.77M	285.57M	84.11M	42.89M	82.42M	46.34M	23.18M	35.78M	-10.81M	74.91M	117.22M	70.33M	-48.03M	-61.04M
Selling & General & Admin	39.06M	39M	44.67M	45.27M	44.47M	46.74M	44.98M	46.98M	56.17M	57.77M	56.2M	62.69M	57.2M	54.98M	72.64M	71.81M	73.64M	78.97M	62.61M	62.34M	59.85M	55.72M	54.75M	51.24M	53.99M	54.89M	56.41M	55.44M	50.95M	50.19M	51.06M	51.32M	51.98M	51.6M	51.26M	50.5M
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	9.33M	-11.78M	-11.83M	-10.73M	24.75M	53.38M	82.39M	109.28M	111.91M	-3.2M	-2.82M	-1.66M	n/a	115.64M	117.96M	116.41M	122.03M	77.89M	95.75M	117.77M	132.02M	193.26M	189.53M	181.6M	174.85M	175.92M	182.49M	198.84M	205.17M	209.81M	205.56M	191.25M	186.68M	177.78M	173.76M	172.66M
Operating Expenses	115.67M	117.48M	111.76M	115.73M	138.29M	146.22M	150.21M	156.26M	168.08M	166.19M	165M	172.64M	168.82M	170.62M	190.6M	188.22M	195.68M	207.68M	209.19M	230.93M	242.69M	248.98M	244.29M	232.83M	228.84M	230.81M	238.89M	254.28M	256.12M	260M	256.61M	242.57M	238.66M	229.38M	225.02M	223.16M
Interest Expense	87.98M	86.62M	125.22M	138.62M	139.14M	140.37M	102.4M	85.03M	78.04M	70.7M	68.49M	67.34M	69.92M	73.29M	73.63M	77.68M	80.99M	84.55M	87.73M	90.63M	94.49M	95.33M	92.97M	88.45M	83.75M	82.66M	87.2M	93.14M	93.39M	93.63M	92.23M	90.22M	95.56M	97.2M	97.66M	101.5M
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	234.3M	241.28M	256.92M	260.38M	261.31M	280M	293.63M	308.14M	329.74M	321.94M	314.66M	322.84M	316.19M	316.84M	337.4M	329.75M	337.09M	345.36M	365.5M	409.03M	442.98M	467.95M	465.15M	452.32M	452.99M	461.23M	477.43M	504.56M	510.85M	522.32M	520.27M	505.28M	505.88M	496.92M	489.44M	490.83M
Income Tax Expense	276K	473K	727K	40.1M	45.07M	65.36M	87.2M	65.36M	69.75M	61.52M	59.89M	61.8M	41.75M	63.68M	30.64M	22.84M	61.51M	-5.41M	31.58M	45.73M	87.42M	106.58M	120.67M	117.47M	78.85M	84.71M	78.63M	77.42M	70.73M	66.94M	79.97M	91.9M	108.33M	131.85M	98.94M	93.91M
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)	0.01	-0.17	-0.66	-0.99	-1.21	-0.95	-1.65	-1.15	-1.02	-1.55	-0.57	-1.66	-1.46	-0.42	-0.58	-0.07	-0.57	-1.89	-2.04	-1.9	1.21	2.26	2.86	3.09	0.87	0.41	0.82	0.42	0.08	0.26	-0.23	0.72	1.30	0.78	-0.54	-0.68
EPS (Diluted)	0.01	-0.16	-0.6	-0.9	-1.13	-0.89	-1.64	-1.17	-1.04	-1.52	-0.51	-1.52	-1.32	-0.37	-0.51	-0.05	-0.51	-1.72	-1.86	-1.73	1.33	2.33	2.88	3.08	0.87	0.41	0.82	0.46	0.12	0.30	-0.18	0.73	1.31	0.82	-0.36	-0.5
EBITDA	119.97M	118.69M	105.71M	109.15M	110.54M	110.83M	110.19M	143.41M	137.53M	138.61M	150.32M	34.33M	39.76M	38.35M	19.48M	92.21M	96.46M	108.91M	132.47M	169.57M	215.99M	242.6M	273.79M	274.29M	260.37M	263.86M	276.07M	298.29M	306.98M	310.98M	306.22M	301.57M	307.96M	297.99M	126.73M	116.91M
EBIT	57.28M	21.45M	10.68M	-2.86M	-14.97M	75.48M	72.05M	110.44M	122.85M	64.28M	71.42M	17.26M	-942K	-2.82M	-25.8M	-24M	-23.52M	46.05M	33.34M	37.4M	330.38M	334.35M	389.47M	410.24M	139.48M	91.28M	97.7M	105.16M	109.82M	121.42M	121.15M	170.49M	240.17M	189.07M	42.68M	31.54M
Depreciation & Amortization	82.77M	84.64M	86.69M	90.06M	93.82M	99.48M	105.23M	109.28M	111.91M	108.42M	108.8M	109.96M	111.62M	110.33M	113.07M	112.17M	117.79M	129.77M	146.03M	166.57M	180.07M	190.48M	187.22M	179.02M	171.22M	172.29M	177.9M	193.61M	200.46M	205.1M	202.02M	189.73M	186.8M	177.89M	174.8M	173.79M