Veris Residential, Inc.
VRE
NYSE
14.28
USD-0.29(-1.99%)
As of today
Veris Residential, Inc. fundamentals
VRE Income Statement
| Period Ending | Dec 31, 1994 | Dec 31, 1995 | Dec 31, 1996 | Dec 31, 1997 | Dec 31, 1998 | Dec 31, 1999 | Dec 31, 2000 | Dec 31, 2001 | Dec 31, 2002 | Dec 31, 2003 | Dec 31, 2004 | Dec 31, 2005 | Dec 31, 2006 | Dec 31, 2007 | Dec 31, 2008 | Dec 31, 2009 | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 16,900,000 | 62,300,000 | 95,472,000 | 249,801,000 | 493,699,000 | 551,484,000 | 576,153,000 | 584,348,000 | 569,614,000 | 586,246,000 | 588,991,000 | 643,405,000 | 740,309,000 | 808,350,000 | 777,969,000 | 764,525,000 | 787,480,000 | 724,279,000 | 704,743,000 | 667,031,000 | 636,799,000 | 594,883,000 | 613,398,000 | 616,200,000 | 530,606,000 | 355,883,000 | 313,562,000 | 194,645,000 | 213,355,000 | 260,295,000 | 271,074,000 | |
| Cost of Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 338,857,000 | 139,674,000 | 117,455,000 | 171,231,000 | 196,225,000 | 197,841,000 | 317,493,000 | 297,315,000 | 342,319,000 | 202,377,000 | 280,137,000 | 292,135,000 | 302,329,000 | 272,187,000 | 267,217,000 | 254,735,000 | 224,154,000 | 148,993,000 | 141,410,000 | 95,443,000 | 98,762,000 | 107,344,000 | 111,061,000 | |
| Gross Profit | 16,900,000 | 62,300,000 | 95,472,000 | 249,801,000 | 493,699,000 | 551,484,000 | 576,153,000 | 584,348,000 | 230,757,000 | 446,572,000 | 471,536,000 | 472,174,000 | 544,084,000 | 610,509,000 | 460,476,000 | 467,210,000 | 445,161,000 | 521,902,000 | 424,606,000 | 374,896,000 | 334,470,000 | 322,696,000 | 346,181,000 | 361,465,000 | 306,452,000 | 206,890,000 | 172,152,000 | 99,202,000 | 114,593,000 | 152,951,000 | 160,013,000 | |
| Gross Profit Margin | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0.405 | 0.762 | 0.801 | 0.734 | 0.735 | 0.755 | 0.592 | 0.611 | 0.565 | 0.721 | 0.602 | 0.562 | 0.525 | 0.542 | 0.564 | 0.587 | 0.578 | 0.581 | 0.549 | 0.51 | 0.537 | 0.588 | 0.59 | |
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.212 | 0.055 | 0.258 | 0 | 0 | 0 | 0 | 0 | 0 | |
| General & Administrative Expenses | 1,200,000 | 3,700,000 | 0 | 15,862,000 | 25,572,000 | 25,480,000 | 23,276,000 | 28,490,000 | 27,054,000 | 31,461,000 | 31,793,000 | 33,090,000 | 49,077,000 | 52,162,000 | 43,984,000 | 39,807,000 | 35,003,000 | 35,541,000 | 47,868,000 | 47,682,000 | 73,169,000 | 49,147,000 | 51,979,000 | 50,949,000 | 53,988,000 | 58,505,000 | 73,641,000 | 56,977,000 | 55,919,000 | 44,443,000 | 39,059,000 | |
| Selling & Marketing Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| SG&A Expenses | 1,200,000 | 3,700,000 | 5,800,000 | 15,862,000 | 25,572,000 | 25,480,000 | 23,276,000 | 28,490,000 | 27,054,000 | 31,461,000 | 31,793,000 | 33,090,000 | 49,077,000 | 52,162,000 | 43,984,000 | 39,807,000 | 35,003,000 | 35,541,000 | 47,868,000 | 47,682,000 | 73,169,000 | 49,147,000 | 51,979,000 | 50,949,000 | 53,988,000 | 58,505,000 | 73,641,000 | 56,977,000 | 55,919,000 | 44,443,000 | 39,059,000 | |
| Other Expenses | -10,000,000 | -36,500,000 | 45,474,000 | 158,494,000 | 228,620,000 | 255,860,000 | 301,373,000 | 266,157,000 | 277,642,000 | 302,991,000 | 318,923,000 | 382,444,000 | 471,173,000 | 539,656,000 | 194,635,000 | 202,543,000 | 191,168,000 | 281,060,000 | 189,008,000 | 182,766,000 | 172,490,000 | 170,402,000 | 186,684,000 | 205,169,000 | 174,847,000 | 0 | 122,035,000 | 68,506,000 | 77,903,000 | 86,235,000 | 82,774,000 | |
| Total Operating Expenses | -8,800,000 | -32,800,000 | 51,274,000 | 174,356,000 | 254,192,000 | 281,340,000 | 324,649,000 | 294,647,000 | 304,696,000 | 334,452,000 | 350,716,000 | 415,534,000 | 520,250,000 | 591,818,000 | 556,112,000 | 242,350,000 | 226,171,000 | 316,601,000 | 236,876,000 | 230,448,000 | 245,659,000 | 219,549,000 | 238,663,000 | 256,118,000 | 228,835,000 | 58,505,000 | 195,676,000 | 125,483,000 | 133,822,000 | 130,678,000 | 121,833,000 | |
| Total Costs & Expenses | -8,800,000 | -32,800,000 | 51,274,000 | 174,356,000 | 254,192,000 | 281,340,000 | 324,649,000 | 294,647,000 | 304,696,000 | 334,452,000 | 350,716,000 | 415,534,000 | 520,250,000 | 591,818,000 | 556,112,000 | 539,665,000 | 568,490,000 | 518,978,000 | 517,013,000 | 522,583,000 | 547,988,000 | 491,736,000 | 505,880,000 | 510,853,000 | 452,989,000 | 207,498,000 | 337,086,000 | 220,926,000 | 232,584,000 | 238,022,000 | 232,894,000 | |
| Interest Income | 100,000 | 300,000 | 0 | 0 | 2,400,000 | 0 | 0 | 2,186,000 | 2,302,000 | 1,100,000 | 1,366,000 | 856,000 | 3,054,000 | 4,670,000 | 1,385,000 | 571,000 | 86,000 | 39,000 | 35,000 | 2,903,000 | 3,615,000 | 794,000 | 1,614,000 | 2,690,000 | 3,220,000 | 2,412,000 | 43,000 | 524,000 | 729,000 | 5,515,000 | 2,366,000 | |
| Interest Expense | 1,800,000 | 8,700,000 | 12,677,000 | 0 | 88,043,000 | 0 | 105,394,000 | 112,003,000 | 107,823,000 | 116,311,000 | 109,649,000 | 119,337,000 | 136,357,000 | 126,672,000 | 128,145,000 | 141,273,000 | 149,329,000 | 125,975,000 | 122,368,000 | 123,701,000 | 112,878,000 | 103,051,000 | 94,889,000 | 84,523,000 | 77,594,000 | 90,569,000 | 80,991,000 | 47,505,000 | 66,381,000 | 139,137,000 | 87,976,000 | |
| Depreciation & Amortization | 3,800,000 | 12,100,000 | 15,812,000 | 36,825,000 | 78,916,000 | 87,209,000 | 92,088,000 | 91,471,000 | 109,513,000 | 119,157,000 | 130,254,000 | 156,099,000 | 160,859,000 | 424,000 | 194,635,000 | 202,543,000 | 190,669,000 | 193,005,000 | 192,162,000 | 191,521,000 | 173,848,000 | 170,402,000 | 492,782,000 | 510,890,000 | 308,277,000 | 129,725,000 | 122,035,000 | 68,525,000 | 77,903,000 | 86,235,000 | 82,774,000 | |
| EBITDA | 29,500,000 | 107,200,000 | 60,010,000 | 112,270,000 | 318,423,000 | 371,854,000 | 343,592,000 | 393,036,000 | 371,672,000 | 370,951,000 | 228,993,000 | 383,970,000 | 380,918,000 | 273,424,000 | 416,492,000 | 410,840,000 | 404,703,000 | 398,888,000 | 351,767,000 | 225,536,000 | 286,538,000 | 74,070,000 | 329,951,000 | 307,201,000 | 376,456,000 | 144,513,000 | 98,511,000 | -41,235,000 | 104,900,000 | 104,507,000 | 140,053,000 | |
| EBITDA Margin | 1.746 | 1.721 | 0.629 | 0.449 | 0.645 | 0.674 | 0.596 | 0.673 | 0.652 | 0.633 | 0.389 | 0.597 | 0.515 | 0.338 | 0.535 | 0.537 | 0.514 | 0.551 | 0.499 | 0.338 | 0.45 | 0.125 | 0.538 | 0.499 | 0.709 | 0.406 | 0.314 | -0.212 | 0.492 | 0.401 | 0.517 | |
| Operating Income | 25,700,000 | 95,100,000 | 44,198,000 | 75,445,000 | 239,507,000 | 253,686,000 | 251,504,000 | 289,701,000 | 264,918,000 | 251,794,000 | 238,275,000 | 227,871,000 | 220,059,000 | 216,532,000 | 221,857,000 | 208,297,000 | 209,469,000 | 205,301,000 | 169,485,000 | 33,595,000 | 88,811,000 | -96,332,000 | 104,638,000 | 105,347,000 | 53,051,000 | 148,385,000 | -23,524,000 | -26,281,000 | -19,229,000 | 22,273,000 | 38,180,000 | |
| Operating Income Margin | 1.521 | 1.526 | 0.463 | 0.302 | 0.485 | 0.46 | 0.437 | 0.496 | 0.465 | 0.43 | 0.405 | 0.354 | 0.297 | 0.268 | 0.285 | 0.272 | 0.266 | 0.283 | 0.24 | 0.05 | 0.139 | -0.162 | 0.171 | 0.171 | 0.1 | 0.417 | -0.075 | -0.135 | -0.09 | 0.086 | 0.141 | |
| Total Other Income/Expenses (Net) | 0 | 0 | 95,625,000 | -75,445,000 | 0 | -14,501,000 | -251,504,000 | -11,864,000 | -125,196,000 | -108,741,000 | -111,098,000 | -118,271,000 | -75,393,000 | -106,066,000 | -156,978,000 | -159,945,000 | -143,798,000 | 2,022,000 | -144,010,000 | -123,281,000 | -57,420,000 | -45,720,000 | 25,656,000 | -71,629,000 | -60,182,000 | 104,467,000 | -91,975,000 | -130,984,000 | -20,155,000 | -143,138,000 | -68,877,000 | |
| Income Before Tax | 0 | 0 | 0 | 0 | 0 | 239,185,000 | 0 | 277,837,000 | 139,722,000 | 143,053,000 | 102,453,000 | 95,488,000 | 144,666,000 | 110,466,000 | 53,726,000 | 63,728,000 | 63,439,000 | 81,387,000 | 46,281,000 | -89,686,000 | 31,391,000 | -142,052,000 | 130,294,000 | 33,718,000 | 106,401,000 | 252,852,000 | -115,499,000 | -157,265,000 | -39,384,000 | -120,865,000 | -30,697,000 | |
| Pre-Tax Income Margin | 0 | 0 | 0 | 0 | 0 | 0.434 | 0 | 0.475 | 0.245 | 0.244 | 0.174 | 0.148 | 0.195 | 0.137 | 0.069 | 0.083 | 0.081 | 0.112 | 0.066 | -0.134 | 0.049 | -0.239 | 0.212 | 0.055 | 0.201 | 0.71 | -0.368 | -0.808 | -0.185 | -0.464 | -0.113 | |
| Income Tax Expense | 21,800,000 | 81,500,000 | 12,254,000 | 74,040,000 | 122,929,000 | 150,405,000 | 66,166,000 | 158,042,000 | 125,196,000 | 112,100,000 | 135,822,000 | 132,383,000 | 75,393,000 | 289,206,000 | 128,379,000 | 144,873,000 | 166,865,000 | 136,485,000 | 131,816,000 | 0 | 0 | 0 | 0 | 0 | 137,104,000 | 0 | 0 | 0 | 0 | 492,000 | 276,000 | |
| Net Income | 3,900,000 | 13,600,000 | 31,944,000 | 1,405,000 | 116,578,000 | 119,739,000 | 185,338,000 | 131,659,000 | 139,722,000 | 143,053,000 | 102,453,000 | 95,488,000 | 144,666,000 | 110,466,000 | 53,726,000 | 54,568,000 | 54,900,000 | 71,420,000 | 40,922,000 | -14,909,000 | 28,567,000 | -125,752,000 | 117,224,000 | 23,185,000 | 84,111,000 | 111,861,000 | -55,321,000 | -119,042,000 | -52,066,000 | -107,265,000 | -23,120,000 | |
| Net Income Margin | 0.231 | 0.218 | 0.335 | 0.006 | 0.236 | 0.217 | 0.322 | 0.225 | 0.245 | 0.244 | 0.174 | 0.148 | 0.195 | 0.137 | 0.069 | 0.071 | 0.07 | 0.099 | 0.058 | -0.022 | 0.045 | -0.211 | 0.191 | 0.038 | 0.159 | 0.314 | -0.176 | -0.612 | -0.244 | -0.412 | -0.085 | |
| Earnings Per Share (EPS) | 0.38 | 1.23 | 1.73 | 0.04 | 2.09 | 2.05 | 3.18 | 2.33 | 2.44 | 2.45 | 1.66 | 1.52 | 2.29 | 1.62 | 0.79 | 0.71 | 0.67 | 0.81 | 0.47 | -0.17 | 0.32 | -1.41 | 1.31 | 0.06 | 0.84 | 0.097 | -1.57 | -1.39 | -0.63 | -1.22 | -0.25 | |
| Diluted Earnings Per Share (EPS) | 0.38 | 1.22 | 1.71 | 0.04 | 2.07 | 1.78 | 3.1 | 2.32 | 2.43 | 2.43 | 1.65 | 1.51 | 2.28 | 1.61 | 0.79 | 0.71 | 0.67 | 0.81 | 0.47 | -0.15 | 0.32 | -1.25 | 1.3 | 0.06 | 0.84 | 0.088 | -1.57 | -1.39 | -0.63 | -1.11 | -0.25 | |
| Weighted Average Shares Outstanding | 10,263,158 | 11,056,911 | 15,683,453 | 39,266,000 | 55,840,000 | 58,385,000 | 58,338,000 | 56,538,000 | 57,227,000 | 57,724,000 | 60,351,000 | 61,477,000 | 62,237,000 | 67,026,000 | 65,489,000 | 74,318,000 | 79,224,000 | 86,047,000 | 87,742,000 | 87,762,000 | 88,727,000 | 89,291,000 | 89,746,000 | 90,005,000 | 100,724,000 | 90,557,000 | 90,648,000 | 90,839,000 | 91,046,000 | 91,883,000 | 92,695,000 | |
| Weighted Average Shares Outstanding (Diluted) | 10,263,158 | 11,147,541 | 18,654,971 | 44,156,000 | 63,893,000 | 67,133,000 | 73,071,000 | 64,787,000 | 65,475,000 | 65,980,000 | 68,743,000 | 74,189,000 | 77,901,000 | 82,500,000 | 80,648,000 | 88,389,000 | 92,477,000 | 98,962,000 | 99,996,000 | 99,785,000 | 100,041,000 | 100,222,000 | 100,498,000 | 100,703,000 | 100,724,000 | 100,689,000 | 90,648,000 | 90,839,000 | 91,046,000 | 100,812,000 | 101,381,000 |