Veris Residential, Inc. (VRE)
NYSE: VRE · Real-Time Price · USD
18.96
-0.01 (-0.05%)
May 1, 2026, 4:00 PM EDT - Market closed
Veris Residential Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Property Revenue | 288.4 | 285.87 | 267.74 | 256.43 | 209.77 | 185.05 |
Service and Other Revenue | - | - | - | - | - | 9.6 |
| 290.78 | 288.43 | 271.07 | 260.3 | 213.36 | 194.65 | |
Revenue Growth (YoY) | 7.11% | 6.40% | 4.14% | 22.00% | 9.61% | -36.70% |
Property Expenses | 73.76 | 73.93 | 73.64 | 72.66 | 64.77 | 53.77 |
Service and Other Expenses | - | - | - | - | - | 12.86 |
Total Property Expenses | 73.76 | 73.93 | 73.64 | 72.66 | 64.77 | 66.63 |
Property Taxes | 36.91 | 38.36 | 37.42 | 34.69 | 34 | 28.82 |
Gross Profit | 180.11 | 176.15 | 160.01 | 152.95 | 114.59 | 99.2 |
Selling, General & Admin | 51.16 | 40.5 | 40.62 | 52.07 | 59.39 | 69.19 |
Depreciation & Amortization Expenses | 86.24 | 86.26 | 82.77 | 86.24 | 77.9 | 68.51 |
Other Operating Expenses | 14.78 | 17.98 | 2.62 | 9.32 | 9.37 | 23.72 |
Operating Income | 27.93 | 31.4 | 34 | 5.32 | -32.07 | -62.21 |
Net Gains on Disposal of Properties | 130.15 | 129.99 | 18.46 | 7.07 | 57.26 | 3.25 |
Interest Income | -1.43 | -4.89 | -1.57 | 2.41 | -0.47 | 4.77 |
Interest Expense | -83.49 | -88.58 | -87.98 | -139.14 | -66.38 | -47.51 |
Other Non-Operating Income (Expense) | -3.56 | -3.38 | -1.48 | -2.74 | -0.13 | -47.08 |
Total Non-Operating Income (Expense) | 41.67 | 33.15 | -72.56 | -132.39 | -9.72 | -86.56 |
Pretax Income | 69.6 | 64.54 | -38.57 | -127.07 | -41.78 | -148.77 |
Provision for Income Taxes | 0.26 | 0.23 | 0.28 | 0.49 | - | - |
Net Income | 71.93 | 75.24 | -23.12 | -107.27 | -52.07 | -119.04 |
Minority Interest in Earnings | 2.14 | 3.86 | 2.46 | 9.94 | 28.61 | - |
Net Income to Common | 71.93 | 75.24 | -23.12 | -107.27 | -52.07 | -119.04 |
Shares Outstanding (Basic) | 96 | 93 | 93 | 92 | 91 | 91 |
Shares Outstanding (Diluted) | 100 | 102 | 101 | 101 | 100 | 100 |
Shares Change (YoY) | -1.69% | 0.97% | 0.56% | 0.55% | 0.37% | -0.37% |
EPS (Basic) | 0.78 | 0.81 | -0.25 | -1.22 | -0.63 | -1.39 |
EPS (Diluted) | 0.77 | 0.80 | -0.25 | -1.22 | -0.63 | -1.39 |
Shares Outstanding | 93.84 | 93.43 | 92.91 | 92.23 | 91.14 | 90.95 |
Free Cash Flow | 77.32 | 95.27 | 23.02 | -18.54 | -126.48 | -140.44 |
Free Cash Flow Growth | -18.85% | 313.84% | - | - | - | - |
Free Cash Flow Per Share | 0.77 | 0.93 | 0.23 | -0.18 | -1.26 | -1.41 |
Dividends Per Share | 0.320 | 0.320 | 0.263 | 0.102 | - | - |
Dividend Growth | - | 21.91% | 156.10% | - | - | - |
Gross Margin | 61.94% | 61.07% | 59.03% | 58.76% | 53.71% | 50.97% |
Operating Margin | 9.60% | 10.89% | 12.54% | 2.04% | -15.03% | -31.96% |
Profit Margin | 26.50% | 27.37% | -9.84% | -43.17% | -16.35% | -56.28% |
FCF Margin | 26.59% | 33.03% | 8.49% | -7.12% | -59.28% | -72.15% |
EBITDA | 114.15 | 117.64 | 116.74 | 91.48 | 45.8 | 6.32 |
EBITDA Margin | 39.26% | 40.79% | 43.07% | 35.14% | 21.46% | 3.25% |
EBIT | 27.93 | 31.4 | 34 | 5.32 | -32.07 | -62.21 |
EBIT Margin | 9.60% | 10.89% | 12.54% | 2.04% | -15.03% | -31.96% |
Effective Tax Rate | 0.37% | 0.36% | -0.72% | -0.39% | 0.00% | 0.00% |
Updated Mar 31, 2026. Data Source: Fiscal.ai. Real Estate template. Financial Sources.