Veris Residential, Inc. (VRE) Revenue History
Annual and quarterly revenue from 1994 to present
VRE Revenue Over Time (1994–2025)
VRE Revenue Growth History
18 of 30 years with positive growth- FY1994 revenue growth
- N/A
- FY1995 revenue growth
- +268.6%
- FY1996 revenue growth
- +53.2%
- FY1997 revenue growth
- +161.6%
- FY1998 revenue growth
- +97.6%
- FY1999 revenue growth
- +11.7%
- FY2000 revenue growth
- +4.5%
- FY2001 revenue growth
- +1.4%
- FY2002 revenue growth
- -2.5%
- FY2003 revenue growth
- +2.9%
- FY2004 revenue growth
- +0.5%
- FY2005 revenue growth
- +1.9%
- FY2006 revenue growth
- +23.4%
- FY2007 revenue growth
- +9.2%
- FY2008 revenue growth
- -3.8%
- FY2009 revenue growth
- -100.0%
- FY2010 revenue growth
- N/A
- FY2011 revenue growth
- -8.0%
- FY2012 revenue growth
- -2.7%
- FY2013 revenue growth
- -5.1%
- FY2014 revenue growth
- -4.7%
- FY2015 revenue growth
- -6.6%
- FY2016 revenue growth
- +3.1%
- FY2017 revenue growth
- +0.5%
- FY2018 revenue growth
- -40.7%
- FY2019 revenue growth
- -2.3%
- FY2020 revenue growth
- -12.2%
- FY2021 revenue growth
- +3.1%
- FY2022 revenue growth
- -27.8%
- FY2023 revenue growth
- +11.5%
- FY2024 revenue growth
- +4.1%
- FY2025 revenue growth
- +6.4%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $70.1M | +3.5% |
| Q4 2025 | $71.3M | +4.7% |
| Q3 2025 | $73.4M | +7.7% |
| Q2 2025 | $75.9M | +12.5% |
| Q1 2025 | $67.8M | +0.6% |
| Q4 2024 | $68.1M | +1.6% |
| Q3 2024 | $68.2M | +2.6% |
| Q2 2024 | $67.5M | +5.1% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2024)
VRE's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
VRE Revenue Analysis (1994–2025)
Current Revenue & Growth
As of June 23, 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.
Historical Growth Trajectory
VRE's 5-year compound annual growth rate (CAGR) stands at -1.7%, indicating revenue contraction over this period. The 3-year CAGR of +7.3% exceeds the 5-year average, indicating an acceleration in the most recent period. Veris Residential, Inc.'s highest annual revenue of $808.4 million was recorded in 2007.
Revenue by Segment
VRE's revenue 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 has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Real Estate sector peers — including UDR (+2.1% YoY), CPT (-23.7% YoY), and EQR (+3.7% YoY) — VRE has outperformed the peer group in 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% | |
 AIV | $138M | -22.7% | -1.8% | -21.1% |
VRE Historical Revenue Data (1994–2025)
| 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% |
| 2015 | $594.9M | -6.6% | $-18,108,000 | -3.0% | $-96,332,000 | -16.2% |
| 2014 | $636.8M | -4.7% | $-11,868,000 | -1.9% | $112.7M | 17.7% |
| 2013 | $668.5M | -5.1% | $7.3M | 1.1% | $144.4M | 21.6% |
| 2012 | $704.7M | -2.7% | $46.6M | 6.6% | $187.7M | 26.6% |
| 2011 | $724.3M | -8.0% | $134.8M | 18.6% | $79.4M | 11.0% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
32+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
VRE — 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 is slowing. TTM revenue is $291M, up +3.5% year-over-year — below the 5-year CAGR of -1.7%. The deceleration suggests maturing end-markets or increased competition.
What is VRE's revenue history from 1994 to 2026?
Veris Residential, Inc. (VRE) revenue history spans 1994 to 2026. TTM revenue as of 2026 is $291M, growing at +3.5% YoY. The 5-year CAGR is -1.7%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is VRE's long-term revenue growth rate (CAGR)?
Veris Residential, Inc.'s 5-year revenue CAGR of -1.7% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of +3.5% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for VRE.
Why does VRE's quarterly revenue fluctuate?
VRE quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Veris Residential, Inc.'s revenue data from 1994 to 2026 shows full historical quarterly detail on this page.
How is VRE's revenue distributed by segment?
VRE reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does VRE's revenue compare to industry peers?
Veris Residential, Inc. (VRE) with TTM revenue of $291M and +3.5% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.