What is Veris Residential Inc's earnings per share (EPS)?

Veris Residential Inc (VRE) reported diluted earnings per share of $0.80 for fiscal year 2025. This represents a 420.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Veris Residential Inc Financials

VRE

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Veris Residential Inc (VRE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI VRE FY2025 2026-04-22

Veris Residential’s earnings turnaround reflects a smaller, less leveraged asset base generating more revenue and cash per dollar of assets.

From FY2021 to FY2025, revenue climbed from $194.6M to $288.4M even as the company kept harvesting assets and paying down debt. With total assets down from $4.5B to $2.7B and investing cash flow repeatedly positive, FY2025’s positive ROA and net income look like portfolio reshaping, not simple balance-sheet expansion; each remaining asset dollar is carrying more of the business than it did four years earlier.

In FY2025, operating cash flow of $76.0M nearly matched net income of $75.2M. That is a quality improvement because earlier years still produced cash while reporting losses, so the latest profit is better supported by cash rather than leaning mainly on non-cash accounting effects such as depreciation.

Between FY2024 and FY2025, long-term debt fell from $1.67B to $1.36B. Yet interest expense stayed near $88.6M, so deleveraging has strengthened the balance sheet faster than it has relieved the earnings burden of financing; lenders still absorb a meaningful share of operating revenue before much residual profit reaches shareholders.

Financial Health Signals

Financial Profile 22/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Veris Residential Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

Veris Residential Inc's revenue grew 6.4% year-over-year to $288.4M, a solid pace of expansion. This earns a growth score of 42/100.

Leverage

Veris Residential Inc carries a low D/E ratio of 1.18, meaning only $1.18 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 78/100, indicating a strong balance sheet with room for future borrowing.

Returns

Veris Residential Inc generates a 6.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 13/100. This is up from -2.1% the prior year.

Piotroski F-Score Neutral

6/9

Veris Residential Inc passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

1.01x

For every $1 of reported earnings, Veris Residential Inc generates $1.01 in operating cash flow ($76.0M OCF vs $75.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$288.4M

YoY+6.4%

5Y CAGR-1.3%

Veris Residential Inc generated $288.4M in revenue in fiscal year 2025. This represents an increase of 6.4% from the prior year.

EBITDA

N/A

Net Income

$75.2M

YoY+425.4%

Veris Residential Inc reported $75.2M in net income in fiscal year 2025. This represents an increase of 425.4% from the prior year.

EPS (Diluted)

$0.80

YoY+420.0%

Veris Residential Inc earned $0.80 per diluted share (EPS) in fiscal year 2025. This represents an increase of 420.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$14.1M

YoY+94.8%

5Y CAGR-18.0%

10Y CAGR-9.2%

Veris Residential Inc held $14.1M in cash against $1.4B in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.32

YoY+36.2%

5Y CAGR-4.4%

10Y CAGR-6.1%

Veris Residential Inc paid $0.32 per share in dividends in fiscal year 2025. This represents an increase of 36.2% from the prior year.

Shares Outstanding

93M

YoY+0.6%

5Y CAGR+0.6%

10Y CAGR+0.4%

Veris Residential Inc had 93M shares outstanding in fiscal year 2025. This represents an increase of 0.6% from the prior year.

Margins & Returns

Gross Margin

96.8%

YoY-0.2pp

5Y CAGR+1.2pp

Veris Residential Inc's gross margin was 96.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.2 percentage points from the prior year.

Operating Margin

N/A

Net Margin

26.1%

YoY+34.6pp

5Y CAGR+42.8pp

Veris Residential Inc's net profit margin was 26.1% in fiscal year 2025, showing the share of revenue converted to profit. This is up 34.6 percentage points from the prior year.

Return on Equity

6.5%

YoY+8.6pp

5Y CAGR+10.2pp

10Y CAGR+15.2pp

Veris Residential Inc's ROE was 6.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 8.6 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$456K

5Y CAGR-29.9%

Veris Residential Inc spent $456K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

N/A

VRE Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$288.4M+6.4%	$271.1M+4.1%	$260.3M+22.0%	$213.4M+9.6%	$194.6M-36.7%	$307.5M
Cost of Revenue	$9.3M+14.0%	$8.2M+5.9%	$7.7M+9.7%	$7.0M-15.5%	$8.3M-39.4%	$13.7M
Gross Profit	$279.1M+6.2%	$262.9M+4.1%	$252.6M+22.4%	$206.3M+10.7%	$186.3M-36.6%	$293.8M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$36.8M-5.9%	$39.1M-12.1%	$44.4M-20.5%	$55.9M-1.9%	$57.0M-19.8%	$71.1M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$88.6M+0.7%	$88.0M-1.5%	$89.4M+34.6%	$66.4M+39.7%	$47.5M-41.3%	$81.0M
Income Tax	$231K-16.3%	$276K-43.9%	$492K	$0	$0	N/A
Net Income	$75.2M+425.4%	-$23.1M+78.4%	-$107.3M-106.0%	-$52.1M+56.3%	-$119.0M-131.7%	-$51.4M
EPS (Diluted)	$0.80+420.0%	$-0.25+79.5%	$-1.22-93.7%	$-0.63+54.7%	$-1.39-98.6%	$-0.70

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$70.1M-1.7%	$71.3M-2.9%	$73.4M-3.3%	$75.9M+12.1%	$67.8M-0.5%	$68.1M-0.1%	$68.2M+1.0%	$67.5M
Cost of Revenue	$2.9M+44.1%	$2.0M-16.1%	$2.4M+13.3%	$2.1M-25.1%	$2.8M+43.6%	$2.0M-8.2%	$2.1M+18.5%	$1.8M
Gross Profit	$67.2M-3.0%	$69.3M-2.5%	$71.1M-3.7%	$73.8M+13.7%	$64.9M-1.8%	$66.1M+0.1%	$66.0M+0.6%	$65.7M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$10.5M+23.2%	$8.6M+0.5%	$8.5M-11.3%	$9.6M-4.6%	$10.1M+0.3%	$10.0M+12.1%	$9.0M-0.2%	$9.0M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$17.9M-4.8%	$18.8M-15.6%	$22.2M-9.6%	$24.6M+7.2%	$23.0M-1.4%	$23.3M+8.3%	$21.5M-0.8%	$21.7M
Income Tax	$69K+13.1%	$61K+74.3%	$35K-62.4%	$93K+121.4%	$42K+2000.0%	$2K-94.9%	$39K-77.8%	$176K
Net Income	-$14.0M-6800.5%	-$203K-100.3%	$75.2M+590.0%	$10.9M+201.9%	-$10.7M+14.0%	-$12.4M-28.4%	-$9.7M-431.7%	$2.9M
EPS (Diluted)	$-0.15	N/A	$0.80+566.7%	$0.12+200.0%	$-0.12	N/A	$-0.10-433.3%	$0.03

VRE Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$2.7B-9.2%	$3.0B-8.0%	$3.2B-17.3%	$3.9B-13.4%	$4.5B-12.1%	$5.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$14.1M+94.8%	$7.3M-74.1%	$28.0M+4.6%	$26.8M-15.7%	$31.8M-16.6%	$38.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$911K-33.7%	$1.4M-49.9%	$2.7M-6.1%	$2.9M+23.6%	$2.4M-74.8%	$9.4M
Goodwill	N/A	N/A	N/A	N/A	$2.9M-1.5%	$2.9M
Total Liabilities	$1.4B-17.7%	$1.7B-10.1%	$1.9B-3.5%	$2.0B-21.5%	$2.6B-16.0%	$3.0B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$1.4B-18.5%	$1.7B-9.8%	$1.9B-2.6%	$1.9B-20.3%	$2.4B-14.7%	$2.8B
Total Equity	$1.2B+4.8%	$1.1B-3.3%	$1.1B-7.9%	$1.2B-3.6%	$1.3B-8.4%	$1.4B
Retained Earnings	-$1.4B+3.1%	-$1.5B-3.4%	-$1.4B-9.0%	-$1.3B-4.2%	-$1.2B-10.5%	-$1.1B

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$2.7B-1.0%	$2.7B-3.0%	$2.8B-10.7%	$3.1B+5.9%	$3.0B-1.0%	$3.0B-0.8%	$3.0B-1.1%	$3.0B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$9.4M-33.4%	$14.1M+60.9%	$8.8M-23.3%	$11.4M+50.6%	$7.6M+4.8%	$7.3M-43.3%	$12.8M-30.5%	$18.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$1.3M+43.0%	$911K-0.8%	$918K-18.0%	$1.1M-4.3%	$1.2M-15.0%	$1.4M-32.6%	$2.0M+2.2%	$2.0M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.4B-0.1%	$1.4B-5.2%	$1.5B-20.6%	$1.9B+9.8%	$1.7B-0.4%	$1.7B-0.4%	$1.7B-0.6%	$1.8B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$1.4B-0.1%	$1.4B	N/A	N/A	N/A	$1.7B	N/A	N/A
Total Equity	$1.1B-1.9%	$1.2B-0.5%	$1.2B+6.5%	$1.1B+0.5%	$1.1B-1.7%	$1.1B-1.3%	$1.1B-1.6%	$1.1B
Retained Earnings	-$1.4B-1.5%	-$1.4B-0.6%	-$1.4B+4.6%	-$1.5B+0.2%	-$1.5B-1.2%	-$1.5B-1.4%	-$1.4B-1.1%	-$1.4B

VRE Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$76.0M+45.2%	$52.3M+14.9%	$45.5M-31.5%	$66.5M+18.4%	$56.1M-34.3%	$85.4M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$445.4M+174.9%	$162.1M-72.0%	$579.6M+163.4%	$220.1M-50.7%	$446.2M+1467.6%	$28.5M
Financing Cash Flow	-$516.3M-111.1%	-$244.6M+60.4%	-$618.3M-112.9%	-$290.3M+42.3%	-$503.2M-389.7%	-$102.8M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$456K	$0-100.0%	$142K-94.7%	$2.7M+199.8%	$898K-66.7%	$2.7M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$14.0M-44.9%	$25.5M+88.4%	$13.5M-43.2%	$23.8M+80.3%	$13.2M+11.2%	$11.9M-14.8%	$13.9M+28.6%	$10.8M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$3.9M-106.7%	$59.1M-83.8%	$365.5M+2003.0%	$17.4M+404.9%	$3.4M+215.0%	-$3.0M-232.9%	-$899K-101.2%	$72.2M
Financing Cash Flow	-$16.4M+79.8%	-$81.0M+78.9%	-$383.2M-1052.2%	-$33.3M-76.6%	-$18.8M-10.6%	-$17.0M+20.8%	-$21.5M+88.1%	-$180.4M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$823K	$0-100.0%	$308K	$0-100.0%	$148K	$0	$0	$0

VRE Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	96.8%-0.2pp	97.0%-0.1pp	97.0%+0.3pp	96.7%+1.0pp	95.7%+0.2pp	95.5%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	26.1%+34.6pp	-8.5%+32.7pp	-41.2%-16.8pp	-24.4%+36.8pp	-61.2%-44.5pp	-16.7%
Return on Equity	6.5%+8.6pp	-2.1%+7.3pp	-9.4%-5.2pp	-4.2%+5.1pp	-9.3%-5.6pp	-3.7%
Return on Assets	2.8%+3.6pp	-0.8%+2.5pp	-3.3%-2.0pp	-1.3%+1.3pp	-2.6%-1.6pp	-1.0%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.18-0.3	1.52-0.1	1.63+0.1	1.54-0.3	1.86-0.1	2.00
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	95.9%-1.3pp	97.2%+0.4pp	96.8%-0.5pp	97.2%+1.4pp	95.9%-1.3pp	97.1%+0.3pp	96.9%-0.5pp	97.3%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-20.0%-19.7pp	-0.3%-102.7pp	102.5%+88.1pp	14.4%+30.1pp	-15.8%+2.5pp	-18.3%-4.1pp	-14.2%-18.6pp	4.3%
Return on Equity	-1.2%-1.2pp	-0.0%-6.5pp	6.5%+5.5pp	1.0%+2.0pp	-1.0%+0.1pp	-1.1%-0.3pp	-0.9%-1.1pp	0.3%
Return on Assets	-0.5%-0.5pp	-0.0%-2.7pp	2.7%+2.3pp	0.4%+0.7pp	-0.4%+0.1pp	-0.4%-0.1pp	-0.3%-0.4pp	0.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.27+0.1	1.18-0.1	1.31-0.4	1.75+0.1	1.60+0.1	1.52-0.0	1.57+0.0	1.55
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Veris Residential Inc's annual revenue?

Veris Residential Inc (VRE) reported $288.4M in total revenue for fiscal year 2025. This represents a 6.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Veris Residential Inc's revenue growing?

Veris Residential Inc (VRE) revenue grew by 6.4% year-over-year, from $271.1M to $288.4M in fiscal year 2025.

Is Veris Residential Inc profitable?

Yes, Veris Residential Inc (VRE) reported a net income of $75.2M in fiscal year 2025, with a net profit margin of 26.1%.

How much debt does Veris Residential Inc have?

As of fiscal year 2025, Veris Residential Inc (VRE) had $14.1M in cash and equivalents against $1.4B in long-term debt.

What is Veris Residential Inc's gross margin?

Veris Residential Inc (VRE) had a gross margin of 96.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Veris Residential Inc's net profit margin?

Veris Residential Inc (VRE) had a net profit margin of 26.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Veris Residential Inc pay dividends?

Yes, Veris Residential Inc (VRE) paid $0.32 per share in dividends during fiscal year 2025.

What is Veris Residential Inc's return on equity (ROE)?

Veris Residential Inc (VRE) has a return on equity of 6.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Veris Residential Inc's operating cash flow?

Veris Residential Inc (VRE) generated $76.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Veris Residential Inc's total assets?

Veris Residential Inc (VRE) had $2.7B in total assets as of fiscal year 2025, including both current and long-term assets.

Does Veris Residential Inc buy back shares?

Yes, Veris Residential Inc (VRE) spent $456K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Veris Residential Inc have outstanding?

Veris Residential Inc (VRE) had 93M shares outstanding as of fiscal year 2025.

What is Veris Residential Inc's debt-to-equity ratio?

Veris Residential Inc (VRE) had a debt-to-equity ratio of 1.18 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Veris Residential Inc's return on assets (ROA)?

Veris Residential Inc (VRE) had a return on assets of 2.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Veris Residential Inc's Piotroski F-Score?

Veris Residential Inc (VRE) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Veris Residential Inc's earnings high quality?

Veris Residential Inc (VRE) has an earnings quality ratio of 1.01x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Veris Residential Inc?

Veris Residential Inc (VRE) scores 22 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.