VRE
Veris Residential, Inc.
NYSE · Real Estate · REIT - Residential · US
$18.99
−0.05%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 290.8M | 288.4M | 271.1M | 260.3M | 233.4M |
| Cost of Revenue | 283.1M | 284.8M | 276.6M | 279.8M | 282.2M |
| Gross Profit | 7.6M | 3.6M | (5.5M) | (19.5M) | (48.8M) |
| Operating Expenses | |||||
| R&D Expense | — | — | — | — | — |
| SG&A Expense | 10.5M | — | — | — | — |
| General & Admin Expense | 10.5M | — | — | — | — |
| Selling & Marketing Expense | — | — | — | — | — |
| Other Expenses | (45.6M) | (45.8M) | (42.1M) | (34.2M) | (26.0M) |
| Total Operating Expenses | (35.1M) | (45.8M) | (42.1M) | (34.2M) | (26.0M) |
| Cost and Expenses | 248.1M | 239.1M | 234.5M | 245.6M | 256.3M |
| Operating Income (EBIT) | 42.7M | 49.4M | 36.6M | 14.6M | (22.8M) |
| Non-Operating | |||||
| Interest Income | 447.0K | 370.0K | 2.4M | 5.5M | 729.0K |
| Interest Expense | 83.2M | 88.6M | 88.0M | 139.1M | 66.4M |
| Net Interest Income | (82.8M) | (88.2M) | (85.6M) | (133.6M) | (65.7M) |
| Other Non-Op Income/Expense | 30.6M | 25.7M | (67.3M) | (135.5M) | (16.7M) |
| Non-Operating Income (excl Interest) | (113.3M) | (113.6M) | (23.6M) | (7.2M) | (50.4M) |
| EBT (Pre-Tax Income) | 73.3M | 75.1M | (30.7M) | (120.9M) | (39.5M) |
| Income Tax Expense | 258.0K | 231.0K | 276.0K | 492.0K | — |
| Bottom Line | |||||
| Net Income | 71.9M | 75.2M | (22.7M) | (111.0M) | (57.5M) |
| Earnings from Cont. Ops | 73.1M | 74.8M | (31.0M) | (121.4M) | (39.5M) |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | 71.9M | 75.2M | (22.7M) | (111.0M) | (57.5M) |
| Per Share | |||||
| Basic EPS | $0.77 | $0.81 | ($0.25) | ($1.22) | ($0.63) |
| Diluted EPS | $0.77 | $0.80 | ($0.25) | ($1.11) | ($0.63) |
| Revenue Per Share | $3.11 | $3.09 | $2.92 | $2.83 | $2.56 |
| Shares | |||||
| Basic Shares Outstanding | 93.6M | 93.4M | 92.7M | 91.9M | 91.0M |
| Diluted Shares Outstanding | 102.1M | 102.4M | 101.4M | 100.8M | 91.0M |
| Profitability Metrics | |||||
| EBITDA | 242.3M | 249.2M | 143.0M | 108.1M | 112.9M |
| D&A | 86.2M | 86.3M | 82.8M | 86.2M | 85.4M |
| EBIT | 156.1M | 163.0M | 60.2M | 21.8M | 27.5M |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Mar 1, 2026