Veris Residential, Inc. (VRE) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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VRE Revenue Growth
Revenue Breakdown (FY 2024)
VRE's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
VRE Revenue Analysis (2014–2025)
As of May 8, 2026, Veris Residential, Inc. (VRE) generated trailing twelve-month (TTM) revenue of $290.8 million, reflecting modest growth of +3.5% year-over-year. The most recent quarter (Q1 2026) recorded $70.1 million in revenue, down 1.7% sequentially.
Looking at the longer-term picture, VRE's 5-year compound annual growth rate (CAGR) stands at -1.7%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $636.8 million in 2014.
Revenue diversification analysis shows VRE's business is primarily driven by Operating Leases (91%), Parking (6%), and Real Estate, Other (2%). With over half of revenue concentrated in Operating Leases, the company maintains significant focus in this area while developing other growth vectors.
When compared to Real Estate sector peers including UDR (+2.1% YoY), CPT (-23.7% YoY), and EQR (+3.7% YoY), VRE has underperformed the peer group in terms of revenue growth. Compare VRE vs UDR →
VRE Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| VRECurrent | $291M | +3.5% | -1.7% | 17.1% | |
 UDR | $1.7B | +2.1% | +6.6% | 18.8% | |
 CPT | $1.6B | -23.7% | +8.6% | 18.4% | |
 EQR | $3.1B | +3.7% | +3.8% | 36.3% | |
 ESS | $1.9B | +3.8% | +4.9% | 43.9% |
VRE Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $288.4M | +6.4% | $3.6M | 1.3% | $49.4M | 17.1% |
| 2024 | $271.1M | +4.1% | $-5,535,000 | -2.0% | $36.6M | 13.5% |
| 2023 | $260.3M | +11.5% | $-19,519,000 | -7.5% | $14.6M | 5.6% |
| 2022 | $233.4M | -27.8% | $-48,799,000 | -20.9% | $-22,847,000 | -9.8% |
| 2021 | $323.4M | +3.1% | $-42,696,999 | -13.2% | $-2,069,999 | -0.6% |
| 2020 | $313.6M | -12.2% | $-71,918,000 | -22.9% | $-23,524,000 | -7.5% |
| 2019 | $357.2M | -2.3% | $-172,723,000 | -48.4% | $-26,362,000 | -7.4% |
| 2018 | $365.7M | -40.7% | $-14,955,000 | -4.1% | $57.4M | 15.7% |
| 2017 | $616.2M | +0.5% | $-48,873,000 | -7.9% | $105.3M | 17.1% |
| 2016 | $613.4M | +3.1% | $-27,187,000 | -4.4% | $120.6M | 19.7% |
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Start ComparisonVRE — Frequently Asked Questions
Quick answers to the most common questions about buying VRE stock.
Is VRE's revenue growth accelerating or slowing?
VRE revenue growth slowed to +3.5%, below the 5-year CAGR of -1.7%. TTM revenue is $291M. The deceleration marks a shift from historical growth rates.
What is VRE's long-term revenue growth rate?
Veris Residential, Inc.'s 5-year revenue CAGR of -1.7% reflects the variable expansion pattern. Current YoY growth of +3.5% is near this long-term average.
How is VRE's revenue distributed by segment?
VRE reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.