VRE
Veris Residential Inc
NYSE: VRE · REAL ESTATE · REIT - RESIDENTIAL
$18.97
+0.05% today
Updated 2026-04-29
Market cap
$1.94B
P/E ratio
25.99
P/S ratio
6.65x
EPS (TTM)
$0.73
Dividend yield
1.69%
52W range
$13 – $19
Volume
1.9M
Veris Residential Inc (VRE) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $740.31M | $808.35M | $777.97M | $764.52M | $787.48M | $724.32M | $704.74M | $668.53M | $636.80M | $594.88M | $613.40M | $616.20M | $365.71M | $357.20M | $313.56M | $323.39M | $233.45M | $260.30M | $271.07M | $288.43M |
| Revenue growth (YoY) | — | +9.2% | -3.8% | -1.7% | +3.0% | -8.0% | -2.7% | -5.1% | -4.7% | -6.6% | +3.1% | +0.5% | -40.7% | -2.3% | -12.2% | +3.1% | -27.8% | +11.5% | +4.1% | +6.4% |
| Cost of revenue | $545.42M | $632.33M | $618.76M | $608.40M | $631.12M | $589.55M | $658.15M | $661.20M | $648.67M | $612.99M | $640.59M | $665.07M | $380.67M | $529.92M | $385.48M | $366.09M | $282.25M | $279.81M | $276.61M | $284.81M |
| Gross profit | $194.89M | $176.03M | $159.21M | $-608.40M | $156.36M | $134.77M | $46.59M | $7.33M | $-11.87M | $-18.11M | $-27.19M | $-48.87M | $-14.96M | $-172.72M | $-71.92M | $-42.70M | $-48.80M | $-19.52M | $-5.54M | $3.62M |
| Gross margin | 26.3% | 21.8% | 20.5% | -79.6% | 19.9% | 18.6% | 6.6% | 1.1% | -1.9% | -3.0% | -4.4% | -7.9% | -4.1% | -48.4% | -22.9% | -13.2% | -20.9% | -7.5% | -2.0% | 1.3% |
| R&D | — | — | — | — | — | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| SG&A | $49.08M | $52.16M | $43.98M | $39.81M | $35.00M | $35.54M | $47.87M | $47.68M | $73.17M | $49.15M | $51.98M | $50.95M | $53.99M | $58.51M | $73.64M | $56.98M | $55.92M | $44.44M | $39.06M | $36.75M |
| Operating income | $83.70M | $89.86M | $93.71M | $-141.27M | $69.66M | $79.36M | $187.73M | $144.45M | $112.69M | $-96.33M | $120.62M | $105.31M | $57.44M | $-26.36M | $-23.52M | $-2.07M | $-22.85M | $14.65M | $36.62M | $49.38M |
| Operating margin | 11.3% | 11.1% | 12.0% | -18.5% | 8.8% | 11.0% | 26.6% | 21.6% | 17.7% | -16.2% | 19.7% | 17.1% | 15.7% | -7.4% | -7.5% | -0.6% | -9.8% | 5.6% | 13.5% | 17.1% |
| EBITDA | $403.89M | $398.85M | $387.66M | $407.54M | $399.25M | $400.95M | $357.66M | $218.82M | $318.12M | $111.39M | $391.37M | $325.28M | $287.02M | $480.54M | $87.52M | $23.23M | $112.95M | $108.07M | $143.02M | $249.24M |
| EBITDA margin | 54.6% | 49.3% | 49.8% | 53.3% | 50.7% | 55.4% | 50.7% | 32.7% | 50.0% | 18.7% | 63.8% | 52.8% | 78.5% | 134.5% | 27.9% | 7.2% | 48.4% | 41.5% | 52.8% | 86.4% |
| EBIT | $243.03M | $215.28M | $193.02M | $205.00M | $208.08M | $207.36M | $168.65M | $34.02M | $144.27M | $-59.01M | $204.68M | $120.11M | $174.77M | $290.09M | $-34.52M | $-86.81M | $27.51M | $21.83M | $60.25M | $162.97M |
| Interest expense | $136.36M | $126.67M | $128.15M | $141.27M | $149.33M | $125.97M | $122.37M | $123.70M | $112.88M | $103.05M | $94.89M | $84.52M | $77.59M | $90.57M | $80.99M | $47.51M | $66.38M | $139.14M | $87.98M | $88.58M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 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% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $86.36M | $73.13M | $53.73M | $54.57M | $50.45M | $71.42M | $45.70M | $-98.28M | $28.57M | $-125.75M | $117.22M | $5.23M | $103.54M | $18.67M | $-55.32M | $-126.33M | $-57.54M | $-111.00M | $-22.75M | $75.24M |
| Net income growth (YoY) | — | -15.3% | -26.5% | +1.6% | -7.5% | +41.6% | -36.0% | -315.1% | +129.1% | -540.2% | +193.2% | -95.5% | +1878.3% | -82.0% | -396.4% | -128.4% | +54.5% | -92.9% | +79.5% | +430.7% |
| Profit margin | 11.7% | 9.0% | 6.9% | 7.1% | 6.4% | 9.9% | 6.5% | -14.7% | 4.5% | -21.1% | 19.1% | 0.8% | 28.3% | 5.2% | -17.6% | -39.1% | -24.6% | -42.6% | -8.4% | 26.1% |