Veris Residential, Inc. (VRE)
NYSE: VRE · Real-Time Price · USD
18.96
+0.04 (0.21%)
At close: Apr 28, 2026, 4:00 PM EDT
18.89
-0.07 (-0.37%)
After-hours: Apr 28, 2026, 7:16 PM EDT
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 | 2020 - 2016 |
|---|---|---|---|---|---|---|---|
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 | 2020 - 2016 |
| Rental Revenue | 267.09 | 264.46 | 245.69 | 235.12 | 188.18 | 162.08 | Upgrade
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| Property Management Fees | 2.38 | 2.56 | 3.34 | 3.87 | 3.58 | - | Upgrade
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| Other Revenue | 22.69 | 26.27 | 25.38 | 23.81 | 22.64 | 28.45 | Upgrade
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| Total Revenue | 292.16 | 293.29 | 274.41 | 262.8 | 214.4 | 190.53 | Upgrade
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| Revenue Growth (YoY | 4.92% | 6.88% | 4.42% | 22.57% | 12.53% | -37.28% | Upgrade
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| Property Expenses | 110.67 | 112.29 | 111.06 | 107.34 | 98.76 | 95.44 | Upgrade
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| Selling, General & Administrative | 37.23 | 36.75 | 39.06 | 44.44 | 55.92 | 56.98 | Upgrade
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| Depreciation & Amortization | 86.24 | 86.26 | 82.77 | 86.24 | 77.9 | 68.51 | Upgrade
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| Total Operating Expenses | 234.14 | 235.3 | 232.89 | 238.02 | 232.58 | 220.93 | Upgrade
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| Operating Income | 58.02 | 57.99 | 41.51 | 24.78 | -18.18 | -30.39 | Upgrade
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| Interest Expense | -83.49 | -88.58 | -87.98 | -139.14 | -66.38 | -47.51 | Upgrade
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| Interest & Investment Income | 0.45 | 0.37 | 2.37 | 5.52 | 0.73 | 0.52 | Upgrade
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| Other Non-Operating Income | -12.06 | -1.7 | -2.27 | -7.63 | -3.47 | -12.21 | Upgrade
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| EBT Excluding Unusual Items | -37.09 | -31.92 | -46.36 | -116.47 | -87.3 | -89.58 | Upgrade
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| Merger & Restructuring Charges | -1.9 | -1.9 | - | - | - | - | Upgrade
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| Impairment of Goodwill | - | - | - | - | - | -2.9 | Upgrade
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| Gain (Loss) on Sale of Investments | 5.62 | 5.52 | 7.55 | 0.6 | 0.15 | -2.02 | Upgrade
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| Gain (Loss) on Sale of Assets | 125.03 | 124.87 | 11.52 | 7.07 | 57.26 | 5.14 | Upgrade
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| Total Insurance Settlements | - | - | - | 2.87 | - | - | Upgrade
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| Asset Writedown | -14.78 | -17.98 | -2.62 | -9.32 | -9.37 | -20.82 | Upgrade
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| Other Unusual Items | -3.53 | -3.53 | -0.78 | -5.61 | -0.13 | -47.08 | Upgrade
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| Pretax Income | 73.35 | 75.06 | -30.7 | -120.87 | -39.38 | -157.27 | Upgrade
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| Income Tax Expense | 0.26 | 0.23 | 0.28 | 0.49 | - | - | Upgrade
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| Earnings From Continuing Operations | 73.09 | 74.83 | -30.97 | -121.36 | -39.38 | -157.27 | Upgrade
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| Earnings From Discontinued Operations | 3.64 | 3.77 | 3.94 | 8.22 | 4.09 | 43.39 | Upgrade
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| Net Income to Company | 76.74 | 78.59 | -27.04 | -113.14 | -35.3 | -113.87 | Upgrade
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| Minority Interest in Earnings | -4.81 | -3.36 | 3.92 | 5.88 | -16.77 | -5.17 | Upgrade
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| Net Income | 71.93 | 75.24 | -23.12 | -107.27 | -52.07 | -119.04 | Upgrade
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| Preferred Dividends & Other Adjustments | - | - | - | 4.52 | 5.48 | 7.29 | Upgrade
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| Net Income to Common | 71.93 | 75.24 | -23.12 | -111.78 | -57.54 | -126.33 | Upgrade
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| Basic Shares Outstanding | 93 | 93 | 93 | 92 | 91 | 91 | Upgrade
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| Diluted Shares Outstanding | 102 | 102 | 101 | 92 | 91 | 91 | Upgrade
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| Shares Change (YoY) | 10.32% | 0.97% | 10.34% | 0.92% | 0.23% | -9.40% | Upgrade
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| EPS (Basic) | 0.77 | 0.81 | -0.25 | -1.22 | -0.63 | -1.39 | Upgrade
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| EPS (Diluted) | 0.77 | 0.81 | -0.25 | -1.22 | -0.64 | -1.39 | Upgrade
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| Dividend Per Share | 0.320 | 0.320 | 0.263 | 0.102 | - | - | Upgrade
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| Dividend Growth | 10.35% | 21.91% | 156.10% | - | - | - | Upgrade
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| Operating Margin | 19.86% | 19.77% | 15.13% | 9.43% | -8.48% | -15.95% | Upgrade
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| Profit Margin | 24.62% | 25.65% | -8.43% | -42.54% | -26.84% | -66.31% | Upgrade
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| EBITDA | 144.24 | 144.23 | 124.26 | 110.93 | 59.68 | 38.13 | Upgrade
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| EBITDA Margin | 49.37% | 49.18% | 45.28% | 42.21% | 27.83% | 20.01% | Upgrade
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| D&A For Ebitda | 86.22 | 86.25 | 82.74 | 86.16 | 77.86 | 68.53 | Upgrade
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| EBIT | 58.02 | 57.99 | 41.51 | 24.78 | -18.18 | -30.39 | Upgrade
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| EBIT Margin | 19.86% | 19.77% | 15.13% | 9.43% | -8.48% | -15.95% | Upgrade
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| Funds From Operations (FFO) | 70.53 | 76.01 | 59.03 | 20.83 | 89.59 | -22.75 | Upgrade
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| FFO Per Share | - | 0.74 | 0.58 | - | - | - | Upgrade
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| Adjusted Funds From Operations (AFFO) | - | 76.01 | 59.03 | 20.83 | 89.59 | -22.75 | Upgrade
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| FFO Payout Ratio | 47.16% | 43.42% | 40.75% | 24.60% | 0.07% | - | Upgrade
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| Effective Tax Rate | 0.35% | 0.31% | - | - | - | - | Upgrade
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| Revenue as Reported | 290.78 | 288.43 | 271.07 | 260.3 | 213.36 | 194.65 | Upgrade
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Source: S&P Capital IQ. Real Estate template. Financial Sources.