Veris Residential (VRE) | Financial Analysis & Statements
Financial Overview
Latest Annual: 2024Income Metrics
Revenue
271.1M
Gross Profit
160.0M
59.03%
Operating Income
38.2M
14.08%
Net Income
-26.7M
-9.84%
EPS (Diluted)
-$0.25
Balance Sheet Metrics
Total Assets
3.0B
Total Liabilities
1.7B
Shareholders Equity
1.2B
Debt to Equity
1.40
Cash Flow Metrics
Operating Cash Flow
74.6M
Free Cash Flow
52.3M
Revenue & Profitability Trend
Veris Residential Income Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 271.1M | 279.9M | 233.4M | 194.6M | 313.6M |
| Cost of Goods Sold | 111.1M | 122.8M | 111.4M | 95.4M | 141.4M |
| Gross Profit | 160.0M | 157.0M | 122.1M | 99.2M | 172.2M |
| Operating Expenses | 39.1M | 44.5M | 56.0M | 57.0M | 71.1M |
| Operating Income | 38.2M | 19.0M | -19.4M | -26.3M | -20.9M |
| Pre-tax Income | -30.7M | -156.7M | -39.5M | -157.3M | -115.5M |
| Income Tax | 276.0K | 492.0K | 0 | 0 | - |
| Net Income | -26.7M | -112.4M | -34.9M | -109.5M | -33.6M |
| EPS (Diluted) | -$0.25 | -$1.22 | -$0.63 | -$1.39 | -$0.70 |
Income Statement Trend
Veris Residential Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | 35.2M | 121.5M | 285.5M | 748.8M | 840.7M |
| Non-Current Assets | 2.9B | 3.1B | 3.6B | 3.8B | 4.3B |
| Total Assets | 3.0B | 3.2B | 3.9B | 4.5B | 5.1B |
| Liabilities | |||||
| Current Liabilities | 416.9M | 82.6M | 102.2M | 315.5M | 265.3M |
| Non-Current Liabilities | 1.3B | 1.9B | 1.9B | 2.2B | 2.8B |
| Total Liabilities | 1.7B | 1.9B | 2.0B | 2.6B | 3.0B |
| Equity | |||||
| Total Shareholders Equity | 1.2B | 1.3B | 1.9B | 2.0B | 2.1B |
Balance Sheet Composition
Veris Residential Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | -26.7M | -112.4M | -34.9M | -109.5M | -33.6M |
| Operating Cash Flow | 74.6M | 9.0M | 66.9M | -83.9M | -4.8M |
| Investing Activities | |||||
| Capital Expenditures | - | - | - | - | - |
| Investing Cash Flow | 6.1M | 5.4M | 2.8M | 9.8M | 62.3M |
| Financing Activities | |||||
| Dividends Paid | -24.1M | -5.1M | -61.0K | -475.0K | -60.5M |
| Financing Cash Flow | -244.6M | -699.3M | -540.3M | -576.2M | -618.8M |
| Free Cash Flow | 52.3M | 45.5M | 66.5M | 56.1M | 85.4M |
Cash Flow Trend
Veris Residential Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
-58.32
Forward P/E
-53.68
Price to Book
1.30
Price to Sales
5.94
PEG Ratio
-53.68
Profitability Ratios
Profit Margin
-10.70%
Operating Margin
18.17%
Return on Equity
-3.09%
Return on Assets
0.98%
Financial Health
Current Ratio
0.15
Debt to Equity
137.35
Beta
1.24
Per Share Data
EPS (TTM)
-$0.35
Book Value per Share
$11.59
Revenue per Share
$3.01
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| vre | 1.7B | -58.32 | 1.30 | -3.09% | -10.70% | 137.35 |
| AvalonBay | 29.6B | 25.83 | 2.48 | 9.69% | 38.31% | 71.14 |
| Equity Residential | 27.0B | 26.36 | 2.38 | 8.90% | 33.11% | 70.33 |
| NexPoint Residential | 1.7B | 936.25 | 2.29 | -7.13% | -12.56% | 380.02 |
| UMH Properties | 1.4B | 139.33 | 2.34 | 3.42% | 11.48% | 66.64 |
| Elme Communities | 1.4B | - | 1.33 | -1.29% | -5.79% | 66.39 |
Financial data is updated regularly. All figures are in the company's reporting currency.