Veris Residential, Inc. (VRE) — Financial statements
Income statement, balance sheet, and cash flow for Veris Residential, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 288↑6.4% | 271↑4.1% | 260↑11.5% | 233↓27.8% | 323 | |
| Cost of Revenue | 285↑3.0% | 277↓1.1% | 280↓0.9% | 282↓22.9% | 366 | |
| Gross Profit | 4↑165.4% | -6↑71.6% | -20↑60.0% | -49↓14.3% | -43 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Expenses | -46↓8.6% | -42↓23.4% | -34↓31.6% | -26↑36.1% | -41 | |
| Operating Expenses | -46↓8.6% | -42↓23.4% | -34↓31.6% | -26↑36.1% | -41 | |
| Total Costs & Expenses | 239↑2.0% | 234↓4.6% | 246↓4.2% | 256↓21.3% | 325 | |
| Operating Results | ||||||
| Operating Income | 49↑34.9% | 37↑150.0% | 15↑164.1% | -23↓1003.7% | -2 | |
| Depreciation & Amortization | 86↑4.2% | 83↓4.0% | 86↑0.9% | 85↓22.4% | 110 | |
| EBITDA | 249↑74.3% | 143↑32.3% | 108↓4.3% | 113↑386.3% | 23 | |
| EBIT | 163↑170.5% | 60↑176.0% | 22↓20.7% | 28↑131.7% | -87 | |
| Interest & Other Income | ||||||
| Net Interest Income | -88↓3.0% | -86↑35.9% | -134↓103.5% | -66↓39.7% | -47 | |
| Interest Income | 0.37↓84.4% | 2↓57.1% | 6↑656.5% | 0.73↑39.1% | 0.52 | |
| Interest Expense | 89↑0.7% | 88↓36.8% | 139↑109.6% | 66↑39.7% | 48 | |
| Non-Operating Income | -114↓380.7% | -24↓228.9% | -7↑85.7% | -50↓159.4% | 85 | |
| Other Income / Expenses | 26↑138.1% | -67↑50.3% | -136↓712.1% | -17↑88.9% | -150 | |
| Income Before Tax | 75↑344.5% | -31↑74.6% | -121↓205.7% | -40↑74.0% | -152 | |
| Income Tax Expense | 0.23↓16.3% | 0.28↓43.9% | 0.49 | 0.00 | 0.00 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 75↑341.6% | -31↑74.5% | -121↓207.0% | -40↑74.0% | -152 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 75↑430.7% | -23↑79.5% | -111↓92.9% | -58↑54.5% | -126 | |
| Bottom-Line Net Income | 75↑430.7% | -23↑79.5% | -111↓92.9% | -58↑54.5% | -126 | |
| EPS (Basic) | 0.81↑424.0% | -0.25↑79.5% | -1.22↓93.7% | -0.63↑54.7% | -1.39 | |
| EPS (Diluted) | 0.80↑420.0% | -0.25↑77.5% | -1.11↓76.2% | -0.63↑54.7% | -1.39 | |
| Weighted Average Shares | 93↑0.7% | 93↑0.9% | 92↑0.9% | 91↑0.2% | 91 | |
| Weighted Average Diluted Shares | 102↑1.0% | 101↑0.6% | 101↑10.7% | 91↑0.2% | 91 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.