Veris Residential Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	285.87	267.74	256.43	209.77	185.05
Service and Other Revenue	-	-	-	-	9.6
Revenue	288.43	271.07	260.3	213.36	194.65
Revenue Growth (YoY)	6.40%	4.14%	22.00%	9.61%	-36.70%
Property Expenses	73.93	73.64	72.66	64.77	53.77
Service and Other Expenses	-	-	-	-	12.86
Total Property Expenses	73.93	73.64	72.66	64.77	66.63
Property Taxes	38.36	37.42	34.69	34	28.82
Gross Profit	176.15	160.01	152.95	114.59	99.2
Selling, General & Admin	40.5	40.62	52.07	59.39	69.19
Depreciation & Amortization Expenses	86.26	82.77	86.24	77.9	68.51
Other Operating Expenses	17.98	2.62	9.32	9.37	23.72
Operating Income	31.4	34	5.32	-32.07	-62.21
Net Gains on Disposal of Properties	129.99	18.46	7.07	57.26	3.25
Interest Income	-4.89	-1.57	2.41	-0.47	4.77
Interest Expense	-88.58	-87.98	-139.14	-66.38	-47.51
Other Non-Operating Income (Expense)	-3.38	-1.48	-2.74	-0.13	-47.08
Total Non-Operating Income (Expense)	33.15	-72.56	-132.39	-9.72	-86.56
Pretax Income	64.54	-38.57	-127.07	-41.78	-148.77
Provision for Income Taxes	0.23	0.28	0.49	-	-
Net Income	75.24	-23.12	-107.27	-52.07	-119.04
Minority Interest in Earnings	3.86	2.46	9.94	28.61	-
Net Income to Common	75.24	-23.12	-107.27	-52.07	-119.04
Shares Outstanding (Basic)	93	93	92	91	91
Shares Outstanding (Diluted)	102	101	101	100	100
Shares Change (YoY)	0.97%	0.56%	0.55%	0.37%	-0.37%
EPS (Basic)	0.81	-0.25	-1.22	-0.63	-1.39
EPS (Diluted)	0.80	-0.25	-1.22	-0.63	-1.39
Free Cash Flow	95.27	23.02	-18.54	-126.48	-140.44
Free Cash Flow Growth	313.84%	-	-	-	-
Free Cash Flow Per Share	0.93	0.23	-0.18	-1.26	-1.41
Dividends Per Share	0.320	0.263	0.102	-	-
Dividend Growth	21.91%	156.10%	-	-	-
Gross Margin	61.07%	59.03%	58.76%	53.71%	50.97%
Operating Margin	10.89%	12.54%	2.04%	-15.03%	-31.96%
Profit Margin	27.37%	-9.84%	-43.17%	-16.35%	-56.28%
FCF Margin	33.03%	8.49%	-7.12%	-59.28%	-72.15%
EBITDA	117.64	116.74	91.48	45.8	6.32
EBITDA Margin	40.79%	43.07%	35.14%	21.46%	3.25%
EBIT	31.4	34	5.32	-32.07	-62.21
EBIT Margin	10.89%	12.54%	2.04%	-15.03%	-31.96%
Effective Tax Rate	0.36%	-0.72%	-0.39%	0.00%	0.00%

Updated Feb 23, 2026. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

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