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Veris Residential Inc (VRE) Financials

VRE
Trailing 12 months to March 31, 2026
Revenue $290.8M +7.1% YoY
Net Income $71.9M +340.4% YoY
EPS (Diluted) $0.76 +337.5% YoY
Operating Cash Flow $76.8M +54.2% YoY
Source SEC Filings (10-K/10-Q) Latest period Q1 FY2026, ended Mar 31, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q1 FY2026, filed Apr 22, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the VRE SEC filings page.

Veris Residential Inc (VRE) reported $290.8M in revenue over the twelve months to Mar 31, 2026, up 7.1% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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

Veris’s dominant mechanic is property cash generation paired with debt reduction, while earnings recently cross into positive territory.

Revenue expanded from $195M in FY2021 to $288M in FY2025. SG&A declined across that span, so the combination points to cost absorption and operating efficiency, not revenue growth alone. Gross margin stayed near 97%, indicating the earnings improvement came below gross profit rather than from a major change in property-level cost structure.

FY2025 converted reported profit into operating cash: net income was $75M and operating cash flow was $76M. That near match contrasts with FY2024, when operating cash flow remained positive despite a net loss, marking a meaningful improvement in earnings quality.

Long-term debt fell from $1.67B in FY2024 to $1.36B in FY2025. Debt-to-equity also eased from 1.5x to 1.2x, while interest expense of $89M exceeded operating cash flow of $76M; the financing shift matters because debt service still absorbs much of the cash produced.

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Financial Health Signals

Financial health score not available

Veris Residential Inc does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial
6/8

Veris Residential Inc passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 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
$70.1M
YoY+3.5%
QoQ-1.7%
5Y CAGR-1.6%

Veris Residential Inc generated $70.1M in revenue in Q1 2026. This represents an increase of 3.5% from the same quarter a year earlier. Against the prior quarter it is down 1.7%.

Net Income
-$14.0M
YoY-30.9%
QoQ-6800.5%

Veris Residential Inc reported -$14.0M in net income in Q1 2026. This represents a decrease of 30.9% from the same quarter a year earlier. Against the prior quarter it is down 6800.5%.

EPS (Diluted)
-$0.15
YoY-25.0%

Veris Residential Inc earned -$0.15 per diluted share (EPS) in Q1 2026. This represents a decrease of 25.0% from the same quarter a year earlier.

EBITDA

Not reported for Q1 2026.

Cash & Balance Sheet

Cash & Debt
$9.4M
YoY+23.9%
QoQ-33.4%
5Y CAGR-48.6%
10Y CAGR-22.2%

Veris Residential Inc held $9.4M in cash as of Q1 2026; long-term debt is not reported for that period.

Dividends Per Share
$0.08
YoY0.0%

Veris Residential Inc paid $0.08 per share in dividends in Q1 2026. That is unchanged from the same quarter a year earlier.

Shares Outstanding
94M
YoY+0.6%
5Y CAGR+0.7%
10Y CAGR+0.5%

Veris Residential Inc had 94M shares outstanding in Q1 2026. This represents an increase of 0.6% from the same quarter a year earlier.

Free Cash Flow

Not reported for Q1 2026.

Margins & Returns

Gross Margin
95.9%
YoY0.0pp
QoQ-1.3pp

Veris Residential Inc's gross margin was 95.9% in Q1 2026, indicating the percentage of revenue retained after direct costs. That is unchanged from the same quarter a year earlier. Against the prior quarter it is down 1.3 percentage points.

Net Margin
-20.0%
YoY-4.2pp
QoQ-19.7pp
5Y CAGR-30.0pp

Veris Residential Inc's net profit margin was -20.0% in Q1 2026, showing the share of revenue converted to profit. This is down 4.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 19.7 percentage points.

Return on Equity
-1.2%
YoY-0.2pp
QoQ-1.2pp
5Y CAGR-1.8pp
10Y CAGR-5.4pp

Veris Residential Inc's ROE was -1.2% in Q1 2026, measuring profit generated per dollar of shareholder equity. This is down 0.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.2 percentage points.

Operating Margin

Not reported for Q1 2026.

Capital Allocation

Share Buybacks
$823K
YoY+456.1%
5Y CAGR-40.5%

Veris Residential Inc spent $823K on share buybacks in Q1 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 456.1% from the same quarter a year earlier.

R&D Spending

Not reported for Q1 2026.

Capital Expenditures

Not reported for Q1 2026.

VRE Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

VRE quarterly income statement
MetricQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-QQ2'2410-Q
Revenue$70.1M+3.5%$71.3M+4.7%$73.4M+7.7%$75.9M+12.5%$67.8M+0.6%$68.1M+1.6%$68.2M+2.6%$67.5M+5.1%
Cost of Revenue$2.9M+2.6%$2.0M+2.2%$2.4M+11.9%$2.1M+17.1%$2.8M+23.6%$2.0M+6.4%$2.1M+4.4%$1.8M+2.0%
Gross Profit$67.2M+3.5%$69.3M+4.8%$71.1M+7.6%$73.8M+12.4%$64.9M-0.2%$66.1M+1.5%$66.0M+2.5%$65.7M+5.2%
SG&A Expenses$10.5M+4.8%$8.6M-14.7%$8.5M-4.9%$9.6M+7.0%$10.1M-9.2%$10.0M+0.5%$9.0M-38.7%$9.0M-6.2%
Interest Expense$17.9M-22.2%$18.8M-19.4%$22.2M+3.4%$24.6M+13.5%$23.0M+6.8%$23.3M+6.2%$21.5M-9.3%$21.7M-0.1%
Income Tax$69K+64.3%$61K+2950.0%$35K-10.3%$93K-47.2%$42K-28.8%$2K-99.0%$39K-86.7%$176K
Net Income-$14.0M-30.9%-$203K+98.4%$75.2M+876.3%$10.9M+273.2%-$10.7M-174.1%-$12.4M-146.4%-$9.7M+82.3%$2.9M+110.7%
EPS (Basic)-$0.15-25.0%$0.00+100.0%$0.81+910.0%$0.12+300.0%-$0.12-200.0%-$0.13-116.7%-$0.10+83.3%$0.03+110.0%
EPS (Diluted)-$0.15-25.0%-$0.01$0.80+900.0%$0.12+300.0%-$0.12-200.0%-$0.13-116.7%-$0.10+83.3%$0.03+110.0%
Diluted Shares (Avg)102M+0.4%N/A102M+0.9%102M+0.3%102M+0.7%N/A102M+0.7%102M+1.1%

Not reported in any period shown, so not listed: R&D Expenses, Operating Income, EBITDA.

VRE Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

VRE quarterly balance sheet
MetricQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-QQ2'2410-Q
Total Assets$2.7B-9.2%$2.7B-9.2%$2.8B-7.1%$3.1B+2.9%$3.0B-8.1%$3.0B-8.0%$3.0B-9.7%$3.0B-19.5%
Cash & Equivalents$9.4M+23.9%$14.1M+94.8%$8.8M-31.3%$11.4M-37.8%$7.6M-93.3%$7.3M-74.1%$12.8M-26.0%$18.4M-95.4%
Short-Term Investments$0$0$0$0$0$0$0$0
Accounts Receivable$1.3M+11.5%$911K-33.7%$918K-55.0%$1.1M-44.0%$1.2M-30.0%$1.4M-49.9%$2.0M-47.1%$2.0M-55.6%
Long-Term Investments$0$0$0$0$0$0$0$0
Total Liabilities$1.4B-17.4%$1.4B-17.7%$1.5B-13.5%$1.9B+8.3%$1.7B-10.3%$1.7B-10.1%$1.7B-12.6%$1.8B-26.3%
Long-Term DebtN/A$1.4B-18.5%N/AN/AN/A$1.7B-9.8%N/AN/A
Total Equity$1.1B+4.5%$1.2B+4.8%$1.2B+3.9%$1.1B-4.1%$1.1B-4.6%$1.1B-3.3%$1.1B-2.9%$1.1B-5.4%
Retained Earnings-$1.4B+2.8%-$1.4B+3.1%-$1.4B+2.3%-$1.5B-3.6%-$1.5B-4.0%-$1.5B-3.4%-$1.4B-2.7%-$1.4B-6.0%

Not reported in any period shown, so not listed: Current Assets, Inventory, Goodwill, Current Liabilities, Non-Current Liabilities.

VRE Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

VRE quarterly cash flow statement
MetricQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-QQ2'2410-Q
Operating Cash Flow$14.0M+6.4%$25.5M+114.8%$13.5M-3.0%$23.8M+119.6%$13.2M-16.0%$11.9M-3.3%$13.9M+56.3%$10.8M-11.7%
Depreciation & Amortization$21.2M-0.1%$21.5M+1.3%$21.1M-0.4%$22.5M+10.6%$21.3M+5.7%$21.2M-0.2%$21.2M-1.1%$20.3M-6.9%
Investing Cash Flow-$3.9M-214.3%$59.1M+2074.6%$365.5M+40757.3%$17.4M-75.9%$3.4M-96.3%-$3.0M-103.5%-$899K-102.1%$72.2M-80.1%
Financing Cash Flow-$16.4M+13.1%-$81.0M-375.9%-$383.2M-1683.3%-$33.3M+81.6%-$18.8M+26.7%-$17.0M+79.6%-$21.5M+95.1%-$180.4M-2392.0%
Share Buybacks$823K+456.1%$0$308K$0$148K$0-100.0%$0$0-100.0%

Not reported in any period shown, so not listed: Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Dividends Paid.

VRE Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

VRE quarterly financial ratios
MetricQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-QQ2'2410-Q
Gross Margin95.9%0.0pp97.2%+0.1pp96.8%-0.1pp97.2%-0.1pp95.9%-0.8pp97.1%-0.1pp96.9%-0.1pp97.3%+0.1pp
Net Margin-20.0%-4.2pp-0.3%+18.0pp102.5%14.4%+10.0pp-15.8%-10.0pp-18.3%-10.7pp-14.2%+68.2pp4.3%+47.1pp
Return on Equity-1.2%-0.2pp0.0%+1.1pp6.5%+7.4pp1.0%+0.7pp-1.0%-0.7pp-1.1%-0.7pp-0.9%+3.9pp0.3%+2.6pp
Return on Assets-0.5%-0.2pp0.0%+0.4pp2.7%+3.0pp0.4%+0.3pp-0.4%-0.2pp-0.4%-0.3pp-0.3%+1.3pp0.1%+0.8pp
Debt-to-Equity1.27-0.3x1.18-0.3x1.31-0.3x1.75+0.2x1.60-0.1x1.52-0.1x1.57-0.2x1.55-0.4x
Asset Turnover0.030.0x0.030.0x0.030.0x0.020.0x0.020.0x0.020.0x0.020.0x0.020.0x

Not reported in any period shown, so not listed: Operating Margin, Current Ratio, FCF Margin.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
Veris Residential Inc VRE FY2025 $288.4M $75.2M 26.1% $1.9B
Nexpoint Residential Tr Inc NXRT FY2025 $251.3M -$32.2M -12.8% $615.8M 34/100
Elme Communities ELME FY2024 $241.9M -$13.1M -5.4% $150.2M 49/100
Umh Pptys Inc UMH FY2025 $261.8M $6.0M 2.3% $1.4B 35/100
Apartment Invt & Mgmt Co AIV FY2025 $138.5M $547.2M N/A $371.8M 39/100
Centerspace CSR FY2025 $273.7M $17.1M 6.3% $886.4M 68/100

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%.

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.

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

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.

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.

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

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.

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

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

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

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

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.

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.

Veris Residential Inc (VRE) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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.

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.

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