Veris Residential Inc
NYSE: VRE · REAL ESTATE · REIT - RESIDENTIAL
Updated 2026-05-26
Veris Residential Inc (VRE) Financial statements
SEC filings — annual and quarterly data.
Margin trends — annual
| Year | Revenue | Net income | Gross margin | Op. margin | Profit margin |
|---|---|---|---|---|---|
| 2006 | $740.31M | $86.36M | 26.33% | 11.31% | 11.67% |
| 2007 | $808.35M | $73.13M | 21.78% | 11.12% | 9.05% |
| 2008 | $777.97M | $53.73M | 20.46% | 12.05% | 6.91% |
| 2009 | $764.52M | $54.57M | -79.58% | -18.48% | 7.14% |
| 2010 | $787.48M | $50.45M | 19.86% | 8.85% | 6.41% |
| 2011 | $724.32M | $71.42M | 18.61% | 10.96% | 9.86% |
| 2012 | $704.74M | $45.70M | 6.61% | 26.64% | 6.48% |
| 2013 | $668.53M | $-98.28M | 1.10% | 21.61% | -14.70% |
| 2014 | $636.80M | $28.57M | -1.86% | 17.70% | 4.49% |
| 2015 | $594.88M | $-125.75M | -3.04% | -16.19% | -21.14% |
| 2016 | $613.40M | $117.22M | -4.43% | 19.66% | 19.11% |
| 2017 | $616.20M | $5.23M | -7.93% | 17.09% | 0.85% |
| 2018 | $365.71M | $103.54M | -4.09% | 15.71% | 28.31% |
| 2019 | $357.20M | $18.67M | -48.35% | -7.38% | 5.23% |
| 2020 | $313.56M | $-55.32M | -22.94% | -7.50% | -17.64% |
| 2021 | $323.39M | $-126.33M | -13.20% | -0.64% | -39.06% |
| 2022 | $233.45M | $-57.54M | -20.90% | -9.79% | -24.65% |
| 2023 | $260.30M | $-111.00M | -7.50% | 5.63% | -42.64% |
| 2024 | $271.07M | $-22.75M | -2.04% | 13.51% | -8.39% |
| 2025 | $288.43M | $75.24M | 1.26% | 17.12% | 26.09% |
Frequently asked questions
What is Veris Residential Inc's revenue?
Veris Residential Inc's trailing twelve-month revenue is $292.15M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is VRE?
In its most recent fiscal year, VRE ran a gross margin of 1.26%, an operating margin of 17.12%, and a net margin of 26.09%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does VRE generate?
VRE produced $44.61M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.