Veris Residential, Inc. (VRE) Quarterly Income Statement

120+ quarters historyFree accessUpdated daily

Veris Residential, Inc. (VRE) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

VRE Income Statement

Veris Residential, Inc. (VRE) annual income statement — 30-year revenue, gross profit & net income history

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21	Q2'21

Revenue	70.1M	71.31M	73.44M	75.93M	67.76M	68.08M	68.17M	67.48M	67.34M	67.02M	66.47M	64.21M	62.6M	67.18M	63.13M	53.81M	46.17M	86.99M	82.18M	79.69M
Revenue Growth %	3.46%	4.74%	7.72%	12.53%	0.62%	1.59%	2.56%	5.09%	7.58%	-0.25%	5.29%	19.31%	35.58%	-22.76%	-23.18%	-32.47%	-39.33%	7.12%	3.77%	7.4%
Property Operating Expenses	68.23M	69.06M	71.73M	74.13M	69.9M	71.25M	66.94M	68.92M	69.49M	71.72M	71.24M	68.34M	68.52M	77.83M	73.88M	67.86M	58.77M	88.19M	93.68M	94.31M
Net Operating Income (NOI)	1.87M	2.25M	1.71M	1.8M	-2.15M	-3.17M	1.24M	-1.45M	-2.15M	-4.7M	-4.76M	-4.14M	-5.93M	-10.65M	-10.75M	-14.04M	-12.6M	-1.21M	-11.49M	-14.63M
NOI Margin %	2.67%	3.16%	2.33%	2.37%	-3.17%	-4.66%	1.82%	-2.15%	-3.2%	-7.01%	-7.17%	-6.44%	-9.47%	-15.85%	-17.03%	-26.1%	-27.28%	-1.39%	-13.99%	-18.35%
Operating Expenses	-191K	-12.58M	-11.01M	-11.3M	-10.88M	-10.98M	-12.2M	-10.45M	-8.51M	-10.67M	-4.08M	-8.94M	-10.48M	-9.28M	-9.54M	-8.14M	613K	-5.16M	-13.99M	-7.69M
G&A Expenses	10.55M	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
EBITDA	23.29M	36.3M	33.79M	35.57M	29.98M	28.99M	34.6M	29.32M	26.48M	27.2M	20.71M	26.64M	26.34M	22.25M	21.15M	15.12M	5.63M	28.77M	31.45M	21.56M
EBITDA Margin %	33.22%	50.9%	46.01%	46.85%	44.25%	42.59%	50.75%	43.45%	39.32%	40.58%	31.15%	41.48%	42.08%	33.11%	33.5%	28.09%	12.19%	33.07%	38.26%	27.05%
Depreciation & Amortization	21.23M	21.47M	21.07M	22.47M	21.25M	21.18M	21.16M	20.32M	20.12M	21.23M	21.39M	21.83M	21.79M	23.62M	22.36M	21.02M	18.84M	24.81M	28.95M	28.5M
D&A / Revenue %	30.28%	30.1%	28.69%	29.6%	31.37%	31.11%	31.04%	30.11%	29.87%	31.67%	32.18%	34%	34.81%	35.16%	35.41%	39.05%	40.8%	28.53%	35.23%	35.76%
Operating Income	2.06M	14.83M	12.72M	13.1M	8.73M	7.81M	13.44M	9M	6.36M	5.97M	-681K	4.8M	4.55M	-1.37M	-1.21M	-5.9M	-13.21M	3.95M	2.5M	-6.94M
Operating Margin %	2.94%	20.8%	17.32%	17.25%	12.88%	11.47%	19.72%	13.34%	9.44%	8.91%	-1.02%	7.48%	7.27%	-2.04%	-1.92%	-10.96%	-28.61%	4.55%	3.04%	-8.71%
Interest Expense	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Interest Coverage	0.12x	0.96x	4.47x	1.49x	0.39x	0.36x	0.52x	1.12x	0.66x	0.31x	0.02x	0.29x	0.13x	-0.08x	-0.20x	3.26x	-1.19x	-0.50x	-0.61x	-3.82x
Non-Operating Income	-19K	-3.16M	-86.63M	-23.53M	-265K	-652K	2.24M	-15.23M	-7.87M	-908K	-1.72M	-5.51M	1.79M	578K	2.56M	-53.92M	637K	11.93M	14.74M	56.22M
Pretax Income	-15.53M	-661K	77.58M	11.96M	-13.82M	-14.9M	-11.07M	1.49M	-6.21M	-16.14M	-60.44M	-25.45M	-18.83M	-23.62M	-22.59M	33.28M	-25.45M	-23.8M	-27.45M	-79.71M
Pretax Margin %	-22.15%	-0.93%	105.64%	15.76%	-20.4%	-21.89%	-16.24%	2.21%	-9.22%	-24.08%	-90.93%	-39.65%	-30.08%	-35.15%	-35.78%	61.85%	-55.13%	-27.36%	-33.4%	-100.03%
Income Tax	69K	61K	35K	93K	42K	2K	39K	176K	59K	199K	293K	0	0	0	0	0	0	0	0	0
Effective Tax Rate %	-0.44%	-9.23%	0.05%	0.78%	-0.3%	-0.01%	-0.35%	11.8%	-0.95%	-1.23%	-0.48%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Net Income	-14.01M	-203K	75.24M	10.9M	-10.7M	-12.37M	-9.76M	3.04M	-3.9M	-4.14M	-55.12M	-27.85M	-24.49M	31.58M	-99.94M	22.85M	-12.03M	-28.66M	-29.88M	-73.63M
Net Margin %	-19.98%	-0.28%	102.45%	14.36%	-15.79%	-18.17%	-14.31%	4.51%	-5.8%	-6.17%	-82.91%	-43.38%	-39.12%	47.01%	-158.29%	42.46%	-26.07%	-32.95%	-36.35%	-92.4%
Net Income Growth %	-30.93%	98.36%	871.27%	258.21%	-174.12%	-198.96%	82.3%	110.93%	84.06%	-113.1%	44.85%	-221.89%	-103.5%	210.2%	-234.51%	131.03%	-223.74%	-144%	32.67%	-102.92%
Funds From Operations (FFO)	7.22M	21.26M	96.31M	33.38M	10.55M	8.81M	11.4M	23.36M	16.21M	17.09M	-33.73M	-6.02M	-2.7M	55.2M	-77.58M	43.86M	6.8M	-3.85M	-926K	-45.13M
FFO Margin %	10.3%	29.82%	131.14%	43.96%	15.58%	12.94%	16.73%	34.62%	24.08%	25.5%	-50.73%	-9.38%	-4.31%	82.17%	-122.88%	81.51%	14.74%	-4.42%	-1.13%	-56.64%
FFO Growth %	-31.61%	141.32%	744.53%	42.87%	-34.91%	-48.44%	133.81%	488.04%	700.3%	-69.04%	56.53%	-113.72%	-139.7%	1535.31%	-8277.97%	197.19%	-82.05%	-104.08%	92.65%	-410.24%
FFO per Share	0.07	0.21	0.94	0.33	0.10	0.09	0.11	0.23	0.16	0.19	-0.33	-0.06	-0.03	0.55	-0.77	0.44	0.07	-0.04	-0.01	-0.45
FFO Payout Ratio %	118.34%	38.68%	8.54%	24.77%	78.51%	81.33%	53.92%	23.11%	32.93%	29.76%	0%	0%	0%	0.01%	0%	0.05%	0.51%	-0.16%	-0.11%	-1.01%
EPS (Diluted)	-0.15	-0.00	0.80	0.12	-0.11	-0.13	-0.10	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
EPS Growth %	-36.36%	98.31%	938.57%	282.17%	-184.24%	-137.23%	82.33%	111.63%	85.67%	-128.84%	58.14%	-235%	-92.86%	165.52%	-360.71%	124.69%	-333.33%	-143.94%	33.33%	-131.43%
EPS (Basic)	-0.15	-0.00	0.80	0.12	-0.11	-0.14	-0.10	0.03	-0.04	-0.05	-0.60	-0.30	-0.27	0.21	-1.29	0.20	-0.14	-0.32	-0.31	-0.89
Diluted Shares Outstanding	102.14M	102.08M	102.49M	102.26M	101.69M	92.93M	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