VRE
Income statement / Annual
Last year (2023), Veris Residential, Inc.'s total revenue was $279.86 M,
a decrease of 21.17% from the previous year.
In 2023, Veris Residential, Inc.'s net income was -$107.27 M.
See Veris Residential, Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$279.86 M
|
$355.02 M
|
$329.32 M
|
$313.56 M
|
$350.94 M
|
$530.61 M
|
$616.20 M
|
$613.40 M
|
$594.88 M
|
$636.80 M
|
| Cost of Revenue |
$122.85 M |
$161.33 M |
$147.37 M |
$141.41 M |
$147.44 M |
$224.15 M |
$254.74 M |
$267.22 M |
$272.19 M |
$302.33 M |
| Gross Profit |
$157.01 M |
$193.69 M |
$181.95 M |
$172.15 M |
$203.50 M |
$306.45 M |
$361.47 M |
$346.18 M |
$322.70 M |
$334.47 M |
| Gross Profit Ratio |
0.56 |
0.55 |
0.55 |
0.55 |
0.58 |
0.58 |
0.59 |
0.56 |
0.54 |
0.53 |
| Research and Development
Expenses |
$0.00
|
-$0.17
|
-$0.47
|
-$0.37
|
$0.55
|
$0.26
|
$0.05
|
$0.21
|
$0.00
|
$0.00
|
| General & Administrative
Expenses |
$44.47 M
|
$56.17 M
|
$57.20 M
|
$73.64 M
|
$59.80 M
|
$53.99 M
|
$50.95 M
|
$51.98 M
|
$49.15 M
|
$73.17 M
|
| Selling & Marketing
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General &
Administrative Expenses |
$44.47 M
|
$56.17 M
|
$57.20 M
|
$73.64 M
|
$59.80 M
|
$53.99 M
|
$50.95 M
|
$51.98 M
|
$49.15 M
|
$73.17 M
|
| Other Expenses |
$0.00 |
$111.52 M |
$111.62 M |
$122.04 M |
$132.02 M |
$174.85 M |
$205.17 M |
$186.68 M |
$170.40 M |
$172.49 M |
| Operating Expenses |
$157.01 M |
$167.69 M |
$168.82 M |
$195.68 M |
$191.81 M |
$228.84 M |
$256.12 M |
$238.66 M |
$219.55 M |
$245.66 M |
| Cost And Expenses |
$279.86 M |
$329.02 M |
$316.19 M |
$337.09 M |
$339.25 M |
$452.99 M |
$510.85 M |
$505.88 M |
$491.74 M |
$547.99 M |
| Interest Income |
$5.52 M |
$729,000.00 |
$524,000.00 |
$43,000.00 |
$2.41 M |
$3.39 M |
$2.77 M |
$1.61 M |
$794,000.00 |
$3.62 M |
| Interest Expense |
$139.14 M |
$78.04 M |
$65.19 M |
$80.99 M |
$90.57 M |
$83.75 M |
$93.39 M |
$94.89 M |
$103.05 M |
$112.88 M |
| Depreciation &
Amortization |
$93.59 M
|
$256.30 M
|
$325.46 M
|
$337.09 M
|
$383.56 M
|
$308.28 M
|
$510.89 M
|
$492.78 M
|
$170.40 M
|
$173.85 M
|
| EBITDA |
$104.92 M
|
$139.45 M
|
$121.02 M
|
$94.72 M
|
$384.57 M
|
$376.46 M
|
$307.20 M
|
$329.95 M
|
$74.07 M
|
$286.54 M
|
| EBITDA Ratio |
0.37 |
0.39 |
0.37 |
0.3 |
0.45 |
0.51 |
0.5 |
0.54 |
0.46 |
0.41 |
| Operating Income Ratio
|
0
|
0.08
|
0.03
|
-0.08
|
0.08
|
0.1
|
0.17
|
0.17
|
-0.16
|
0.14
|
| Total Other
Income/Expenses Net |
-$185.59 M
|
-$5.40 M
|
-$157.27 M
|
-$115.50 M
|
$104.17 M
|
-$60.18 M
|
-$71.63 M
|
$25.66 M
|
-$45.72 M
|
-$57.42 M
|
| Income Before Tax |
-$156.70 M |
-$34.14 M |
-$149.02 M |
-$115.52 M |
$252.55 M |
$106.40 M |
$33.72 M |
$130.29 M |
-$142.05 M |
$31.39 M |
| Income Before Tax Ratio
|
-0.56
|
-0.1
|
-0.45
|
-0.37
|
0.72
|
0.2
|
0.05
|
0.21
|
-0.24
|
0.05
|
| Income Tax Expense |
$492,000.00 |
$78.04 M |
$46.43 M |
$16.71 M |
$243.73 M |
$137.10 M |
$97.84 M |
$142.09 M |
$83.58 M |
$113.28 M |
| Net Income |
-$107.27 M |
-$112.18 M |
-$195.45 M |
-$132.24 M |
$8.82 M |
$84.11 M |
$23.19 M |
$117.22 M |
-$125.75 M |
$28.57 M |
| Net Income Ratio |
-0.38 |
-0.32 |
-0.59 |
-0.42 |
0.03 |
0.16 |
0.04 |
0.19 |
-0.21 |
0.04 |
| EPS |
-1.22 |
-1.23 |
-2.15 |
-1.46 |
0.0974 |
0.84 |
0.06 |
1.31 |
-1.41 |
0.32 |
| EPS Diluted |
-1.11 |
-1.23 |
-2.15 |
-1.46 |
0.0876 |
0.84 |
0.06 |
1.3 |
-1.25 |
0.32 |
| Weighted Average Shares
Out |
$91.88 M
|
$91.05 M
|
$90.84 M
|
$90.65 M
|
$90.56 M
|
$100.72 M
|
$90.01 M
|
$89.75 M
|
$89.29 M
|
$88.73 M
|
| Weighted Average Shares
Out Diluted |
$100.81 M
|
$91.05 M
|
$90.84 M
|
$90.65 M
|
$100.69 M
|
$100.72 M
|
$100.70 M
|
$100.50 M
|
$100.22 M
|
$100.04 M
|
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