Veris Residential, Inc. (VRE)
NYSE: VRE · Real-Time Price · USD
16.41
+0.03 (0.18%)
Dec 20, 2024, 4:00 PM EST - 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 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | 2018 - 2014 |
|---|---|---|---|---|---|---|---|
Period Ending | Sep '24 Sep 30, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | Dec '19 Dec 31, 2019 | 2018 - 2014 |
| Rental Revenue | 261.71 | 252.14 | 206.05 | 162.08 | 266.88 | 302.41 | Upgrade
|
| Other Revenue | 31.66 | 31.44 | 28.75 | 28.45 | 36.9 | 53.47 | Upgrade
|
| Total Revenue | 293.37 | 283.58 | 234.8 | 190.53 | 303.79 | 355.88 | Upgrade
|
| Revenue Growth (YoY | 11.63% | 20.77% | 23.23% | -37.28% | -14.64% | -4.23% | Upgrade
|
| Property Expenses | 126.94 | 122.85 | 111.38 | 95.44 | 139.84 | 148.99 | Upgrade
|
| Selling, General & Administrative | 39.03 | 44.47 | 56.01 | 56.98 | 60.96 | 58.51 | Upgrade
|
| Depreciation & Amortization | 90.17 | 93.59 | 85.43 | 68.51 | 120.46 | 133.6 | Upgrade
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| Total Operating Expenses | 256.14 | 260.91 | 252.83 | 220.93 | 321.25 | 341.1 | Upgrade
|
| Operating Income | 37.23 | 22.67 | -18.03 | -30.39 | -17.47 | 14.79 | Upgrade
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| Interest Expense | -86.62 | -139.14 | -66.38 | -47.51 | -80.99 | -90.57 | Upgrade
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| Interest & Investment Income | 2.49 | 5.52 | 0.73 | 0.52 | 0.04 | 2.41 | Upgrade
|
| Other Non-Operating Income | -2.29 | -7.63 | -3.47 | -12.21 | -2.58 | - | Upgrade
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| EBT Excluding Unusual Items | -49.19 | -118.58 | -87.15 | -89.58 | -101 | -73.37 | Upgrade
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| Impairment of Goodwill | - | - | - | -2.9 | - | - | Upgrade
|
| Gain (Loss) on Sale of Investments | 6.48 | -0.62 | -0.15 | -2.02 | 35.04 | 0.9 | Upgrade
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| Gain (Loss) on Sale of Assets | 18.61 | 7.07 | 57.26 | 5.14 | 8.44 | 343.62 | Upgrade
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| Total Insurance Settlements | 0.08 | 2.87 | - | - | - | - | Upgrade
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| Asset Writedown | -41.06 | -41.84 | -9.37 | -20.82 | -53.4 | -32.44 | Upgrade
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| Other Unusual Items | -2.68 | -5.61 | -0.13 | -47.08 | -10.37 | 14.14 | Upgrade
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| Pretax Income | -67.77 | -156.7 | -39.53 | -157.27 | -121.28 | 252.85 | Upgrade
|
| Income Tax Expense | 0.47 | 0.49 | - | - | - | - | Upgrade
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| Earnings From Continuing Operations | -68.24 | -157.19 | -39.53 | -157.27 | -121.28 | 252.85 | Upgrade
|
| Earnings From Discontinued Operations | 45.55 | 40.96 | 4.27 | 43.39 | 79.25 | -98.56 | Upgrade
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| Net Income to Company | -22.69 | -116.23 | -35.26 | -113.87 | -42.03 | 154.3 | Upgrade
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| Minority Interest in Earnings | 6.96 | 8.97 | -16.8 | -5.17 | -9.36 | -42.44 | Upgrade
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| Net Income | -15.72 | -107.27 | -52.07 | -119.04 | -51.39 | 111.86 | Upgrade
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| Preferred Dividends & Other Adjustments | - | 4.52 | 5.48 | 7.29 | 11.81 | 25.89 | Upgrade
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| Net Income to Common | -15.72 | -111.78 | -57.54 | -126.33 | -63.2 | 85.98 | Upgrade
|
| Net Income Growth | - | - | - | - | - | 32.99% | Upgrade
|
| Basic Shares Outstanding | 93 | 92 | 91 | 91 | 91 | 91 | Upgrade
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| Diluted Shares Outstanding | 93 | 101 | 100 | 100 | 100 | 91 | Upgrade
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| Shares Change (YoY) | 1.01% | 0.55% | 0.37% | -0.37% | 10.71% | 0.19% | Upgrade
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| EPS (Basic) | -0.17 | -1.22 | -0.63 | -1.39 | -0.70 | 0.95 | Upgrade
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| EPS (Diluted) | -0.23 | -1.22 | -0.63 | -1.43 | -0.70 | 0.95 | Upgrade
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| EPS Growth | - | - | - | - | - | 18.06% | Upgrade
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| Dividend Per Share | 0.235 | 0.102 | - | - | 0.400 | 0.800 | Upgrade
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| Dividend Growth | 370.00% | - | - | - | -50.00% | 0% | Upgrade
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| Operating Margin | 12.69% | 8.00% | -7.68% | -15.95% | -5.75% | 4.16% | Upgrade
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| Profit Margin | -5.36% | -39.42% | -24.51% | -66.30% | -20.80% | 24.16% | Upgrade
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| Free Cash Flow Margin | 17.98% | 16.06% | 28.30% | 29.45% | 28.12% | 37.05% | Upgrade
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| EBITDA | 127.41 | 116.22 | 67.4 | 38.13 | 100.28 | 144.51 | Upgrade
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| EBITDA Margin | 43.43% | 40.98% | 28.70% | 20.01% | 33.01% | 40.61% | Upgrade
|
| D&A For Ebitda | 90.18 | 93.54 | 85.43 | 68.53 | 117.75 | 129.73 | Upgrade
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| EBIT | 37.23 | 22.67 | -18.03 | -30.39 | -17.47 | 14.79 | Upgrade
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| EBIT Margin | 12.69% | 8.00% | -7.68% | -15.95% | -5.75% | 4.16% | Upgrade
|
| Funds From Operations (FFO) | 96.62 | 20.83 | 89.59 | -22.75 | 68.11 | 116.13 | Upgrade
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| FFO Per Share | - | 0.21 | 0.89 | - | - | - | Upgrade
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| Adjusted Funds From Operations (AFFO) | - | 20.83 | 89.59 | -22.75 | 68.11 | 116.13 | Upgrade
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| AFFO Per Share | - | 0.21 | 0.89 | - | - | - | Upgrade
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| FFO Payout Ratio | 22.74% | 24.60% | 0.07% | - | 88.87% | 69.48% | Upgrade
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| Revenue as Reported | 289.57 | 279.86 | 233.45 | 194.65 | 307.48 | 357.2 | Upgrade
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Source: S&P Capital IQ. Real Estate template. Financial Sources.