Veris Residential (VRE) Financials

$15.23 +0.10 (+0.66%)

Closing price 03:59 PM Eastern

Extended Trading

$15.21 -0.02 (-0.13%)

As of 04:21 PM Eastern

Annual Income Statements for Veris Residential

This table shows Veris Residential's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	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
Net Income / (Loss) Attributable to Common Shareholders	-23	-107	-52	-119	-51	112	178	23	117	-126	29
Consolidated Net Income / (Loss)	-27	-112	-35	-110	-34	144	213	34	130	-142	31
Net Income / (Loss) Continuing Operations	-31	-121	-39	-157	-121	253	166	11	130	-142	31
Total Pre-Tax Income	-31	-121	-39	-157	-121	253	88	11	130	-142	31
Total Operating Income	34	-44	-32	-59	-77	-18	146	74	214	-96	89
Total Gross Profit	263	203	206	186	294	339	600	430	564	595	637
Total Revenue	271	260	213	195	307	357	648	459	613	595	637
Operating Revenue	271	260	213	195	307	357	648	459	613	590	633
Total Cost of Revenue	8.15	57	7.02	8.31	14	18	48	29	50	0.00	0.00
Operating Cost of Revenue	8.15	57	7.02	8.31	14	18	48	29	50	-	-
Total Operating Expenses	229	247	238	246	371	357	454	356	349	691	548
Selling, General & Admin Expense	87	95	103	102	139	130	249	128	156	157	184
Depreciation Expense	83	86	78	69	120	134	228	142	187	170	172
Other Operating Expenses / (Income)	56	57	48	54	61	61	126	85	114	164	190
Impairment Charge	2.62	9.32	9.37	24	53	32	49	0.00	0.00	198	0.00
Total Other Income / (Expense), net	-65	-76	-7.32	-98	-44	270	-59	-63	-84	-46	-57
Interest Expense	89	95	67	95	81	89	155	85	125	103	113
Interest & Investment Income	13	8.62	1.93	-5.61	31	2.00	6.19	20	26	4.07	1.19
Other Income / (Expense), net	11	9.94	57	2.12	5.79	357	90	2.36	15	53	55
Income Tax Expense	0.28	0.49	0.00	0.00	-	-	-	-	-	-	-
Net Income / (Loss) Discontinued Operations	4.31	9.00	4.50	48	88	-109	47	23	-	-	-
Net Income / (Loss) Attributable to Noncontrolling Interest	-3.54	-5.10	17	9.50	18	32	35	11	13	-16	2.82
Basic Earnings per Share	($0.25)	($1.22)	($0.63)	($1.39)	($0.70)	$0.95	$1.60	$0.06	$1.31	($1.41)	$0.32
Weighted Average Basic Shares Outstanding	92.70M	91.88M	91.05M	90.84M	90.65M	191.08M	90.39M	190.42M	189.99M	189.51M	188.73M
Diluted Earnings per Share	($0.25)	($1.22)	($0.63)	($1.39)	($0.70)	$0.95	$1.60	$0.06	$1.30	($1.41)	$0.32
Weighted Average Diluted Shares Outstanding	101.38M	100.81M	100.27M	99.89M	100.26M	201.38M	100.72M	201.41M	201.00M	200.44M	200.08M
Weighted Average Basic & Diluted Shares Outstanding	92.95M	92.23M	91.16M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

This table shows Veris Residential's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-11	-12	-9.69	2.92	-3.90	-5.05	-55	-27	-20	32	-101
Consolidated Net Income / (Loss)	-14	-14	-11	2.74	-4.47	-5.75	-60	-30	-16	41	-106
Net Income / (Loss) Continuing Operations	-14	-15	-11	1.32	-6.27	-16	-61	-25	-19	-25	-23
Total Pre-Tax Income	-14	-15	-11	1.49	-6.21	-16	-60	-25	-19	-25	-23
Total Operating Income	5.53	7.81	11	9.00	6.36	-13	-37	4.80	1.16	-2.38	-3.75
Total Gross Profit	65	76	66	56	65	58	28	56	61	50	61
Total Revenue	68	68	68	67	67	67	66	64	63	50	63
Operating Revenue	68	68	68	67	67	67	66	64	63	50	63
Total Cost of Revenue	2.81	-7.55	2.13	11	2.27	8.93	38	8.06	2.06	0.23	2.48
Operating Cost of Revenue	2.81	-7.55	2.13	11	2.27	8.93	38	8.06	2.06	0.23	2.48
Total Operating Expenses	59	68	55	47	59	71	65	51	59	52	64
Selling, General & Admin Expense	21	23	19	22	24	24	28	22	22	24	26
Depreciation Expense	21	21	21	20	20	21	21	22	22	16	22
Other Operating Expenses / (Income)	14	24	12	5.26	15	21	16	7.71	13	12	13
Impairment Charge	3.20	-	2.62	0.00	0.00	5.93	0.00	0.00	3.40	0.00	2.54
Total Other Income / (Expense), net	-19	-23	-22	-7.51	-13	-2.79	-23	-30	-20	-22	-19
Interest Expense	23	23	21	22	22	10	25	38	22	21	19
Interest & Investment Income	3.87	0.19	-0.09	4.47	8.68	0.51	1.45	6.63	0.03	-0.55	-0.02
Other Income / (Expense), net	-0.26	0.39	-0.31	10	0.26	7.15	-0.06	0.85	2.00	-0.49	0.00
Income Tax Expense	0.04	0.00	0.04	0.18	0.06	0.20	0.29	0.00	0.00	-	0.00
Net Income / (Loss) Discontinued Operations	0.14	0.88	0.21	1.42	1.80	11	0.48	-4.68	2.60	66	-83
Net Income / (Loss) Attributable to Noncontrolling Interest	-3.03	-1.58	-1.22	-0.19	-0.57	-0.70	-5.44	-2.70	3.74	9.02	-4.68
Basic Earnings per Share	($0.12)	($0.14)	($0.10)	$0.03	($0.04)	($0.05)	($0.60)	($0.30)	($0.27)	$0.35	($1.10)
Weighted Average Basic Shares Outstanding	93.06M	92.70M	92.90M	92.66M	92.28M	91.88M	92.18M	91.87M	91.23M	91.05M	91.09M
Diluted Earnings per Share	($0.12)	($0.14)	($0.10)	$0.03	($0.04)	($0.05)	($0.60)	($0.30)	($0.27)	$0.35	($1.10)
Weighted Average Diluted Shares Outstanding	101.69M	101.38M	101.59M	101.95M	100.97M	100.81M	100.93M	100.85M	100.53M	100.27M	100.38M
Weighted Average Basic & Diluted Shares Outstanding	93.32M	92.95M	92.90M	92.89M	92.58M	92.23M	92.22M	92.06M	91.68M	91.16M	91.08M
Cash Dividends to Common per Share	$0.08	-	$0.07	-	-	-	-	-	-	-	-

This table details how cash moves in and out of Veris Residential's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	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
Net Change in Cash & Equivalents	-30	6.93	-3.81	-0.85	11	-8.39	-18	-18	13	7.53	-192
Net Cash From Operating Activities	52	46	66	56	85	132	167	196	100	169	159
Net Cash From Continuing Operating Activities	54	42	14	-3.15	7.75	53	87	111	100	169	159
Net Income / (Loss) Continuing Operations	-31	-121	-39	-157	-121	253	83	11	130	-142	31
Consolidated Net Income / (Loss)	-27	-112	-35	-110	-34	144	106	34	130	-142	31
Net Income / (Loss) Discontinued Operations	4.31	9.00	4.50	48	88	-109	24	23	-	-	-
Depreciation Expense	83	86	78	69	118	130	109	136	187	172	174
Amortization Expense	24	25	19	15	11	4.00	4.59	12	12	9.79	21
Non-Cash Adjustments To Reconcile Net Income	-19	52	-49	80	15	-311	-93	-19	-156	147	-41
Changes in Operating Assets and Liabilities, net	-2.63	1.33	5.55	-9.17	-16	-22	-17	-29	-73	-17	-26
Net Cash From Discontinued Operating Activities	-1.97	3.06	53	59	78	79	80	85	-	-	-
Net Cash From Investing Activities	162	580	220	446	28	-416	-168	-565	-138	-223	50
Net Cash From Continuing Investing Activities	83	20	-24	-119	-310	-341	-113	-181	-138	-223	50
Purchase of Property, Plant & Equipment	-18	-12	-17	-42	-156	-	-	-90	-	-	-
Acquisitions	-0.28	-0.76	-0.16	-1.28	-2.96	-965	-177	-271	-444	-148	-129
Purchase of Investments	0.00	0.00	-131	0.00	-	-88	-114	-	-329	-175	-117
Sale of Property, Plant & Equipment	89	23	153	52	65	826	338	313	605	81	275
Divestitures	6.10	0.00	0.00	3.87	65	4.04	0.00	99	6.42	6.45	0.00
Sale and/or Maturity of Investments	0.03	1.30	2.93	7.26	-	47	12	-	0.50	8.25	63
Other Investing Activities, net	6.53	8.52	-33	-139	-282	-164	-173	-230	22	5.35	-41
Net Cash From Discontinued Investing Activities	79	560	244	565	339	-75	-55	-384	-	-	-
Net Cash From Financing Activities	-245	-618	-290	-503	-103	276	-17	351	51	61	-402
Net Cash From Continuing Financing Activities	-245	-618	-290	-503	-103	276	-17	351	51	61	-402
Repayment of Debt	-576	-256	-352	-822	-223	-784	-916	-1,282	-1,841	-225	-714
Repurchase of Common Equity	-0.55	-17	-28	-27	-2.69	-35	-13	0.00	-38	0.00	0.00
Payment of Dividends	-26	-5.53	-0.06	-0.48	-86	-81	-88	-78	-59	-58	-90
Issuance of Debt	374	196	102	346	212	1,706	895	1,574	1,639	345	407
Issuance of Common Equity	-15	-535	-12	0.21	-	145	105	-	0.00	0.00	0.15

This table details how cash moves in and out of Veris Residential's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-2.20	-8.16	-8.46	-97	84	14	-384	367	9.48	-16	11
Net Cash From Operating Activities	13	12	14	11	16	12	8.91	12	12	6.72	14
Net Cash From Continuing Operating Activities	13	14	14	11	15	14	7.29	14	6.55	2.67	8.55
Net Income / (Loss) Continuing Operations	-14	-15	-11	1.32	-6.27	-16	-61	-25	-19	-23	-23
Consolidated Net Income / (Loss)	-14	-14	-11	2.74	-4.47	-5.75	-60	-30	-16	41	-106
Net Income / (Loss) Discontinued Operations	0.14	0.88	0.21	1.42	1.80	11	0.48	-4.68	2.60	64	-83
Depreciation Expense	21	21	21	20	20	21	21	22	22	16	22
Amortization Expense	6.15	6.09	7.70	4.82	5.54	4.53	11	4.18	5.16	4.39	4.19
Non-Cash Adjustments To Reconcile Net Income	-0.49	0.63	2.20	-14	-7.99	-2.73	38	14	2.29	1.15	2.83
Changes in Operating Assets and Liabilities, net	-0.01	1.19	-5.82	-1.92	3.92	7.74	-2.60	0.02	-3.83	4.57	1.87
Net Cash From Discontinued Operating Activities	0.16	-2.32	-0.19	0.15	0.40	-2.15	1.62	-1.97	5.55	4.05	5.48
Net Cash From Investing Activities	3.44	-2.99	-0.90	72	94	85	43	362	89	100	-35
Net Cash From Continuing Investing Activities	3.44	-4.89	-0.90	76	13	14	0.68	-1.36	6.64	24	-31
Acquisitions	0.00	-0.05	-	-0.17	-0.06	-0.58	-0.08	-0.06	-0.04	130	-125
Purchase of Investments	-5.81	-	-	-	-	-	-	-	-	-116	-6.05
Sale of Property, Plant & Equipment	7.14	-	-	79	10	15	1.26	0.16	6.36	26	98
Divestitures	0.00	-	-	-	6.10	-	-	-	0.00	-	-
Sale and/or Maturity of Investments	0.00	-	-	-	-	-	-	-	-	0.75	0.74
Other Investing Activities, net	2.11	2.39	4.54	-0.05	-0.35	0.36	2.85	2.61	2.70	-0.57	1.10
Net Cash From Discontinued Investing Activities	0.00	1.90	-0.00	-4.02	81	71	42	364	83	77	-4.31
Net Cash From Financing Activities	-19	-17	-21	-180	-26	-84	-436	-7.24	-92	-124	32
Net Cash From Continuing Financing Activities	-19	-17	-21	-180	-26	-84	-436	-7.24	-92	-124	32
Repayment of Debt	-26	-27	-317	-230	-3.38	-63	-91	-0.74	-101	-130	-7.47
Repurchase of Common Equity	-0.23	-0.08	-0.08	-0.08	-0.30	-17	13	-6.46	-6.37	-6.41	-6.52
Payment of Dividends	-8.44	-7.49	-6.64	-5.71	-6.27	11	-17	-0.04	0.00	-0.03	0.01
Issuance of Debt	20	17	302	55	0.00	-	180	-	16	13	46
Issuance of Common Equity	0.07	-16	-	0.16	-0.06	-535	0.08	-	0.00	0.02	-
Other Financing Activities, net	-3.92	-	-	-	-16	-	-520	-	0.00	-	-

This table presents Veris Residential's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	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
Total Assets	2,983	3,241	3,921	4,527	5,148	5,293	5,061	4,958	4,297	4,054	4,192
Total Current Assets	26	57	51	54	47	33	35	35	41	48	38
Cash & Equivalents	7.25	28	27	32	38	26	30	28	32	37	30
Restricted Cash	17	27	21	20	-	-	-	-	-	-	-
Accounts Receivable	1.38	2.74	2.92	2.36	9.38	7.19	5.37	6.79	9.62	11	8.58
Plant, Property, & Equipment, net	2,795	3,006	3,608	3,493	4,639	4,665	4,317	4,187	3,513	3,343	3,544
Plant, Property & Equipment, gross	3,228	3,450	4,240	4,077	5,296	5,223	5,415	5,274	4,845	4,808	4,958
Accumulated Depreciation	433	444	632	583	656	559	1,098	1,087	1,332	1,464	1,414
Total Noncurrent Assets	162	177	262	5,057	461	595	709	736	743	663	610
Long-Term Investments	111	118	126	138	162	209	233	253	320	303	247
Other Noncurrent Operating Assets	51	59	136	4,228	299	386	476	483	423	359	239
Total Liabilities & Shareholders' Equity	2,983	3,241	3,921	4,527	5,148	5,293	5,061	4,958	4,297	4,054	4,192
Total Liabilities	1,740	1,936	2,006	2,557	3,042	3,090	3,033	3,077	2,570	2,370	2,310
Total Current Liabilities	408	77	102	135	265	610	1,031	1,090	864	380	127
Short-Term Debt	349	0.00	-	-	25	329	791	822	634	155	-
Accounts Payable	43	55	72	135	195	210	168	193	160	135	127
Other Current Liabilities	12	15	23	-	34	39	41	44	46	50	-
Other Current Nonoperating Liabilities	5.26	6.58	7.13	-	10	10	9.12	9.52	8.43	24	-
Total Noncurrent Liabilities	1,332	1,859	1,904	2,421	2,777	2,480	2,002	1,987	1,706	1,990	2,183
Long-Term Debt	1,323	1,854	1,904	2,389	2,777	2,480	2,002	1,987	1,706	1,990	2,089
Other Noncurrent Operating Liabilities	8.53	5.54	-	32	-	-	-	-	-	-	95
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	9.29	25	515	521	513	503	330	212	0.00	-	-
Total Equity & Noncontrolling Interests	1,233	1,280	1,399	1,449	1,592	1,699	1,697	1,669	1,727	1,684	1,882
Total Preferred & Common Equity	1,099	1,137	1,236	1,282	1,399	1,494	1,487	1,476	1,527	1,456	1,625
Total Common Equity	1,099	1,137	1,236	1,282	1,399	1,494	1,487	1,476	1,527	1,456	1,625
Common Stock	2,565	2,554	2,533	2,531	2,529	2,536	2,562	2,566	2,577	2,571	2,561
Retained Earnings	-1,466	-1,418	-1,301	-1,249	-1,130	-1,043	-1,085	-1,096	-1,052	-1,116	-936
Accumulated Other Comprehensive Income / (Loss)	0.15	1.81	3.98	0.01	0.00	-0.02	8.77	6.69	1.99	0.00	-
Noncontrolling Interest	134	142	164	167	194	206	211	192	200	228	257

This table presents Veris Residential's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	2,952	3,006	3,038	3,213	3,330	3,773	3,801	4,256
Total Current Assets	23	35	20	140	45	401	62	66
Cash & Equivalents	7.60	13	18	113	17	397	37	38
Restricted Cash	15	20	-	26	24	-	20	26
Accounts Receivable	1.17	2.04	2.00	1.67	3.86	4.50	4.55	2.34
Plant, Property, & Equipment, net	2,771	2,806	2,823	2,906	3,219	3,155	3,610	3,896
Plant, Property & Equipment, gross	3,213	3,218	3,214	3,212	3,679	3,470	4,052	4,508
Accumulated Depreciation	452	412	391	372	461	438	442	612
Total Noncurrent Assets	167	165	194	233	66	340	129	294
Long-Term Investments	112	114	120	119	-	122	-	130
Noncurrent Note & Lease Receivables	2.41	-	-	1.54	-	-	-	-
Other Noncurrent Operating Assets	44	51	74	46	66	217	129	164
Other Noncurrent Nonoperating Assets	9.14	-	-	67	-	-	-	-
Total Liabilities & Shareholders' Equity	2,952	3,006	3,038	3,213	3,330	3,773	3,801	4,256
Total Liabilities	1,733	1,747	1,758	1,931	1,999	2,385	1,906	2,379
Total Current Liabilities	41	415	47	59	145	53	86	221
Accounts Payable	41	46	47	54	58	53	56	81
Total Noncurrent Liabilities	1,692	1,332	1,710	1,872	1,854	2,331	1,820	2,158
Long-Term Debt	1,667	1,324	1,687	1,853	1,854	1,821	1,820	2,158
Capital Lease Obligations	0.00	-	0.00	0.00	-	0.00	-	-
Other Noncurrent Operating Liabilities	25	7.47	23	19	-	510	-	-
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	9.29	9.29	9.29	9.29	40	40	520	515
Total Equity & Noncontrolling Interests	1,209	1,250	1,271	1,272	1,291	1,348	1,374	1,362
Total Preferred & Common Equity	1,080	1,114	1,132	1,132	1,148	1,197	1,217	1,202
Total Common Equity	1,080	1,114	1,132	1,132	1,148	1,197	1,217	1,202
Common Stock	2,566	2,563	2,560	2,557	2,552	2,541	2,535	2,531
Retained Earnings	-1,484	-1,446	-1,430	-1,427	-1,408	-1,349	-1,321	-1,333
Accumulated Other Comprehensive Income / (Loss)	-0.86	-2.36	2.04	2.81	3.87	4.52	3.12	4.28
Noncontrolling Interest	129	136	139	140	143	151	157	160

This table displays calculated financial ratios and metrics derived from Veris Residential's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	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
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	4.14%	22.00%	9.61%	-36.70%	-13.92%	-44.84%	41.08%	-25.17%	3.11%	80.25%	-4.53%
EBITDA Growth	98.77%	-37.27%	359.09%	-54.15%	-87.79%	35.01%	56.43%	-95.35%	4,289.01%	-118.05%	87.60%
EBIT Growth	229.81%	-237.00%	144.15%	20.09%	-121.02%	282.24%	211.37%	-133.77%	1,266.38%	-259.96%	327.62%
NOPAT Growth	176.46%	-38.66%	45.82%	23.34%	-206.41%	-112.04%	98.78%	-131.24%	835.61%	-351.86%	555.31%
Net Income Growth	76.27%	-222.09%	68.15%	-226.03%	-123.36%	-32.41%	531.12%	-148.24%	191.72%	-552.52%	264.71%
EPS Growth	79.51%	-93.65%	54.68%	-98.57%	-173.68%	-40.63%	2,566.67%	-190.77%	192.20%	-1,081.25%	576.47%
Operating Cash Flow Growth	14.91%	-31.47%	18.42%	-34.31%	-35.21%	-42.17%	-14.82%	191.86%	-40.92%	6.41%	-19.85%
Free Cash Flow Firm Growth	-63.08%	-84.11%	233.96%	-8,163.05%	115.39%	-11,402.90%	99.67%	-18,235.49%	-190.89%	-67.85%	25.22%
Invested Capital Growth	-6.96%	-18.06%	-52.13%	61.69%	-1.89%	4.80%	3.35%	37.53%	12.65%	-8.94%	-5.49%
Revenue Q/Q Growth	0.39%	6.89%	78.10%	0.00%	-22.41%	19.36%	68.63%	-27.71%	2.40%	97.51%	3.42%
EBITDA Q/Q Growth	11.73%	2.68%	5,943.32%	0.00%	1,607.44%	4.58%	48.25%	5.26%	146.70%	-39.94%	41.40%
EBIT Q/Q Growth	47.37%	-10.71%	137.65%	0.00%	6.43%	489.37%	102.22%	183.19%	3,972.04%	-184.58%	3,316.05%
NOPAT Q/Q Growth	164.87%	-32.76%	52.09%	0.00%	-1.15%	-118.23%	203.23%	-109.48%	3,528.00%	-40.84%	397.09%
Net Income Q/Q Growth	-45.02%	-70.97%	64.77%	0.00%	79.92%	-59.84%	258.92%	-25.19%	471.38%	-35.45%	514.44%
EPS Q/Q Growth	-56.25%	-48.78%	51.16%	0.00%	11.39%	-19.14%	357.14%	-73.91%	371.96%	-21.55%	277.78%
Operating Cash Flow Q/Q Growth	-0.78%	13.87%	-11.01%	0.00%	-2.40%	-18.48%	4.56%	48.39%	-33.06%	1.20%	-7.01%
Free Cash Flow Firm Q/Q Growth	-45.87%	-12.40%	1,837.85%	-663.53%	-91.82%	125.02%	97.91%	-126.82%	202.51%	-133.64%	127.95%
Invested Capital Q/Q Growth	-0.41%	-6.93%	-7.69%	81.34%	-0.26%	-8.08%	0.05%	1.85%	-5.48%	3.98%	-5.84%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	96.99%	77.92%	96.71%	95.73%	95.54%	189.99%	92.65%	187.15%	183.82%	200.00%	200.00%
EBITDA Margin	55.96%	29.32%	57.02%	13.61%	18.80%	132.56%	54.16%	97.69%	139.71%	23.34%	106.40%
Operating Margin	12.54%	-17.08%	-15.03%	-30.41%	-25.11%	-4.94%	22.62%	32.10%	69.87%	-16.19%	27.89%
EBIT Margin	16.53%	-13.26%	11.81%	-29.32%	-23.23%	95.12%	36.56%	33.13%	74.88%	-7.24%	45.12%
Profit (Net Income) Margin	-9.84%	-43.17%	-16.35%	-56.28%	-10.93%	80.53%	32.86%	14.69%	21.24%	-47.76%	4.93%
Tax Burden Percent	86.86%	92.96%	88.58%	69.65%	27.70%	0.00%	242.44%	622.10%	200.00%	200.00%	444.79%
Interest Burden Percent	-68.50%	350.12%	-156.30%	275.57%	169.83%	148.83%	37.07%	28.51%	113.47%	659.62%	21.85%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.82%	-0.94%	-0.40%	-0.67%	-1.13%	4.92%	3.24%	3.62%	11.83%	-1.87%	4.67%
ROIC Less NNEP Spread (ROIC-NNEP)	-2.30%	-5.68%	-0.73%	-2.32%	-0.35%	12.75%	5.84%	0.05%	3.08%	-11.90%	-1.37%
Return on Net Nonoperating Assets (RNNOA)	-2.92%	-6.04%	-1.40%	-4.70%	-0.43%	15.52%	7.64%	0.07%	3.49%	-6.10%	-1.37%
Return on Equity (ROE)	-2.09%	-6.98%	-1.80%	-5.37%	-1.56%	0.00%	10.89%	3.74%	15.28%	-15.94%	3.30%
Cash Return on Invested Capital (CROIC)	8.03%	18.91%	70.11%	-47.82%	0.77%	0.00%	-0.05%	-30.64%	0.23%	5.84%	15.97%
Operating Return on Assets (OROA)	1.44%	-0.96%	0.60%	-1.18%	-1.37%	13.13%	4.73%	3.29%	11.00%	-2.09%	6.60%
Return on Assets (ROA)	-0.86%	-3.14%	-0.83%	-2.26%	-0.64%	5.56%	4.25%	0.73%	6.24%	-6.89%	0.72%
Return on Common Equity (ROCE)	-1.84%	-5.15%	-1.16%	-3.53%	-1.05%	0.00%	8.25%	3.11%	13.37%	-13.77%	2.84%
Return on Equity Simple (ROE_SIMPLE)	-2.43%	-9.88%	-2.82%	-8.54%	-2.40%	9.63%	14.31%	2.28%	17.06%	-19.52%	3.86%
Net Operating Profit after Tax (NOPAT)	24	-31	-22	-41	-54	-18	146	74	214	-67	89
NOPAT Margin	8.78%	-11.96%	-10.52%	-21.28%	-17.58%	86.17%	22.62%	32.10%	69.87%	-11.34%	13.95%
Net Nonoperating Expense Percent (NNEP)	3.12%	4.74%	0.34%	1.65%	-0.78%	0.00%	-2.59%	3.52%	8.77%	12.26%	10.52%
Return On Investment Capital (ROIC_SIMPLE)	0.82%	-0.99%	-0.68%	-1.08%	-1.23%	-0.39%	3.26%	1.65%	5.27%	-1.76%	2.24%
Cost of Revenue to Revenue	3.01%	22.08%	3.29%	4.27%	4.46%	5.01%	7.35%	12.85%	16.18%	0.00%	0.00%
SG&A Expenses to Revenue	32.20%	36.58%	48.33%	52.63%	45.09%	36.45%	38.52%	55.82%	50.84%	52.82%	57.69%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	84.45%	95.00%	111.74%	126.14%	120.65%	199.86%	70.03%	155.05%	113.95%	232.39%	172.11%
Earnings before Interest and Taxes (EBIT)	45	-35	25	-57	-71	340	237	76	230	-43	144
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	152	76	122	27	58	473	351	224	428	139	339
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.41	1.25	1.15	1.27	0.79	1.32	1.08	1.14	4.76	3.91	2.76
Price to Tangible Book Value (P/TBV)	1.41	1.25	1.15	1.27	0.79	1.32	1.08	3.76	4.76	1.18	2.76
Price to Revenue (P/Rev)	5.70	5.48	6.65	8.35	3.58	5.50	2.47	12.11	11.85	2.89	7.05
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	57.73	9.00	72.57	61.99	0.00	47.48
Dividend Yield	1.58%	0.66%	0.00%	0.00%	0.00%	0.00%	0.00%	3.66%	2.40%	3.05%	5.78%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	5.69%	11.11%	2.75%	10.63%	0.00%	2.11%
Enterprise Value to Invested Capital (EV/IC)	1.16	1.09	1.05	0.59	0.93	2.70	1.02	1.04	3.13	2.77	0.93
Enterprise Value to Revenue (EV/Rev)	11.90	12.58	17.94	23.19	14.34	14.69	7.21	10.06	19.01	16.40	5.38
Enterprise Value to EBITDA (EV/EBITDA)	21.26	42.92	31.46	170.37	76.26	33.34	13.32	50.95	27.22	27.04	10.11
Enterprise Value to EBIT (EV/EBIT)	71.96	0.00	151.90	0.00	0.00	46.47	19.73	60.70	50.79	0.00	82.41
Enterprise Value to NOPAT (EV/NOPAT)	135.50	0.00	0.00	0.00	0.00	0.00	31.89	155.04	54.43	0.00	122.24
Enterprise Value to Operating Cash Flow (EV/OCF)	61.62	71.93	57.59	80.46	51.60	39.81	27.96	58.24	116.51	22.15	21.51
Enterprise Value to Free Cash Flow (EV/FCFF)	13.90	5.21	0.97	0.00	120.39	0.00	0.00	0.00	1,058.51	38.47	31.19
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.35	1.42	0.99	1.21	1.33	1.27	1.38	2.99	2.71	2.55	2.22
Long-Term Debt to Equity	1.07	1.42	0.99	1.21	1.32	3.31	0.99	2.55	2.34	2.46	2.22
Financial Leverage	1.27	1.06	1.90	2.03	1.21	0.00	1.31	2.53	2.26	2.05	0.00
Leverage Ratio	2.44	2.22	2.17	2.37	2.42	0.00	2.56	5.13	4.90	4.63	2.29
Compound Leverage Factor	-1.67	7.79	-3.40	6.54	4.12	4.36	0.95	0.73	2.78	15.25	1.00
Debt to Total Capital	57.38%	58.70%	49.86%	54.80%	57.09%	0.00%	57.94%	119.80%	115.08%	112.06%	105.20%
Short-Term Debt to Total Capital	11.97%	0.00%	0.00%	0.00%	0.51%	0.00%	16.41%	35.06%	31.18%	8.10%	0.00%
Long-Term Debt to Total Capital	45.41%	58.70%	49.86%	54.80%	56.58%	0.00%	41.53%	102.27%	99.49%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	4.91%	5.29%	17.78%	15.80%	14.40%	28.30%	11.22%	17.25%	10.30%	11.91%	12.96%
Common Equity to Total Capital	37.72%	36.01%	32.36%	29.40%	28.50%	0.00%	30.84%	62.95%	75.11%	76.03%	81.84%
Debt to EBITDA	11.02	24.29	15.65	90.15	48.48	17.80	7.96	25.06	10.92	30.91	13.82
Net Debt to EBITDA	10.13	22.03	14.22	83.01	45.01	16.28	7.21	22.56	9.28	26.00	11.99
Long-Term Debt to EBITDA	8.72	24.29	15.65	90.15	48.04	17.10	5.71	21.39	9.44	28.67	13.82
Debt to NOPAT	70.27	-59.57	-84.83	-57.67	-51.84	-141.98	19.07	76.26	21.84	-47.72	23.52
Net Debt to NOPAT	64.57	-54.02	-77.08	-53.10	-48.14	-130.16	17.28	68.64	18.56	-26.77	49.54
Long-Term Debt to NOPAT	55.61	-59.57	-84.83	-57.67	-51.38	-123.33	13.67	65.10	18.88	-45.42	57.12
Altman Z-Score	-0.17	-0.13	0.02	-0.02	-0.13	0.99	0.06	0.46	1.39	0.70	0.00
Noncontrolling Interest Sharing Ratio	12.17%	26.28%	35.20%	34.24%	32.87%	0.00%	24.19%	33.97%	25.61%	27.22%	14.03%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.06	0.74	0.49	0.40	0.18	0.22	0.03	0.21	0.31	0.44	0.60
Quick Ratio	0.02	0.40	0.29	0.25	0.18	0.19	0.03	0.21	0.31	0.00	0.30
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	232	628	3,955	-2,952	37	-238	-2.07	-628	4.15	98	303
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	94.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	2.61	6.62	59.46	-31.21	0.45	-5.35	-0.01	-14.70	0.07	0.95	2.67
Operating Cash Flow to Interest Expense	0.59	0.48	1.00	0.59	1.05	1.48	1.08	4.64	0.80	1.64	1.40
Operating Cash Flow Less CapEx to Interest Expense	1.39	0.59	3.05	0.71	-0.06	21.54	3.25	4.92	5.62	2.43	3.83
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.09	0.07	0.05	0.04	0.06	0.07	0.13	0.20	0.29	0.43	0.29
Accounts Receivable Turnover	131.69	91.94	80.77	33.16	37.11	113.72	106.53	111.94	120.45	184.65	72.75
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.09	0.08	0.06	0.05	0.07	0.16	0.15	0.24	0.36	0.52	0.18
Accounts Payable Turnover	0.17	0.90	0.07	0.05	0.07	0.09	0.26	0.33	0.67	0.00	0.00
Days Sales Outstanding (DSO)	2.77	3.97	4.52	11.01	9.84	6.42	3.43	13.04	12.12	11.86	10.03
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	2,199.49	404.91	5,383.41	7,243.19	5,378.10	9,846.69	1,383.50	4,363.59	2,169.31	0.00	0.00
Cash Conversion Cycle (CCC)	-2,196.72	-400.94	-5,378.89	-7,232.18	-5,368.27	-4,941.08	-1,380.07	-4,350.55	-2,157.19	11.86	10.03
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,784	2,992	3,652	7,629	4,718	4,809	4,589	4,440	3,739	3,529	3,694
Invested Capital Turnover	0.09	0.08	0.04	0.03	0.06	0.15	0.14	0.23	0.34	0.49	0.34
Increase / (Decrease) in Invested Capital	-208	-659	-3,977	2,911	-91	220	149	702	210	-165	-215
Enterprise Value (EV)	3,225	3,275	3,827	4,515	4,408	15,788	4,671	4,616	11,664	9,756	8,627
Market Capitalization	1,545	1,427	1,418	1,626	1,100	1,966	1,600	1,683	7,267	5,690	1,356
Book Value per Share	$11.83	$12.33	$13.57	$14.11	$15.42	$16.50	$16.46	$16.42	$17.03	$16.30	$18.25
Tangible Book Value per Share	$11.83	$12.33	$13.57	$14.11	$15.42	$16.50	$16.46	$16.42	$17.03	$16.30	$18.25
Total Capital	2,915	3,158	3,819	4,360	4,907	5,011	4,820	4,690	4,067	3,829	3,971
Total Debt	1,672	1,854	1,904	2,389	2,802	2,809	2,793	2,810	2,340	2,145	2,089
Total Long-Term Debt	1,323	1,854	1,904	2,389	2,777	2,480	2,002	1,987	1,706	1,990	2,089
Net Debt	1,537	1,681	1,730	2,200	2,601	2,574	2,530	2,529	1,988	1,805	1,812
Capital Expenditures (CapEx)	-71	-11	-136	-11	91	-826	-338	-222	-605	-81	-275
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-58	-74	-99	-133	-231	-274	-235	-261	-220	-214	-118
Debt-free Net Working Capital (DFNWC)	-34	-20	-52	-82	-193	-249	-205	-232	-189	-177	-89
Net Working Capital (NWC)	-383	-20	-52	-82	-218	-578	-996	-1,055	-823	-332	-89
Net Nonoperating Expense (NNE)	50	81	12	68	-20	-161	-66	40	84	75	57
Net Nonoperating Obligations (NNO)	1,542	1,688	1,737	5,658	2,613	2,606	2,561	2,559	2,012	1,845	1,812
Total Depreciation and Amortization (D&A)	107	111	96	84	129	134	114	148	199	182	195
Debt-free, Cash-free Net Working Capital to Revenue	-21.45%	-28.55%	-46.54%	-68.33%	-75.11%	-76.77%	-36.29%	-97.28%	-60.44%	-35.99%	-18.59%
Debt-free Net Working Capital to Revenue	-12.48%	-7.58%	-24.21%	-41.89%	-62.72%	-139.22%	-31.71%	-85.00%	-50.13%	-38.40%	-13.95%
Net Working Capital to Revenue	-141.17%	-7.58%	-24.21%	-41.89%	-70.85%	-276.44%	-153.85%	-264.13%	-153.50%	-55.81%	-27.90%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.25)	($1.22)	($0.63)	($1.39)	($0.70)	$0.95	$0.80	$0.06	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	92.70M	91.88M	91.05M	190.73M	190.91M	191.08M	191.02M	190.42M	0.00	0.00	0.00
Adjusted Diluted Earnings per Share	($0.25)	($1.22)	($0.63)	($1.39)	($0.70)	$0.95	$0.80	$0.06	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	101.38M	100.81M	100.27M	199.79M	200.52M	201.38M	201.45M	201.41M	0.00	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	92.95M	92.23M	91.16M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	26	-25	-16	-27	-19	10	-2.29	52	75	72	64
Normalized NOPAT Margin	9.46%	-9.45%	-7.45%	-13.84%	-6.02%	5.80%	-0.35%	22.47%	49.57%	12.14%	10.00%
Pre Tax Income Margin	-11.32%	-46.43%	-18.46%	-80.80%	-39.45%	141.57%	13.55%	4.72%	42.48%	-23.88%	9.86%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.50	-0.36	0.38	-0.60	-0.88	3.82	1.53	1.80	5.40	-0.84	2.53
NOPAT to Interest Expense	0.27	-0.33	-0.34	-0.44	-0.67	3.46	0.94	1.74	5.04	-0.65	1.57
EBIT Less CapEx to Interest Expense	1.30	-0.25	2.43	-0.49	-1.99	13.11	3.70	9.21	19.62	0.74	3.69
NOPAT Less CapEx to Interest Expense	1.06	-0.22	1.71	-0.32	-1.78	22.03	3.12	9.15	19.26	0.13	3.21
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-97.91%	-4.92%	-0.17%	-0.43%	-256.69%	112.85%	41.40%	461.74%	90.53%	-40.72%	572.33%
Augmented Payout Ratio	-99.96%	-20.29%	-81.39%	-24.97%	-264.71%	161.05%	47.72%	461.74%	148.77%	-40.72%	572.33%

This table displays calculated financial ratios and metrics derived from Veris Residential's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.62%	1.59%	2.56%	5.09%	7.58%	33.40%	5.29%	19.31%	35.58%	215.97%	-23.18%
EBITDA Growth	-1.16%	81.48%	899.90%	41.07%	7.28%	11.34%	-121.59%	-54.96%	170.75%	136.24%	-20.44%
EBIT Growth	-28.78%	232.17%	128.31%	244.42%	109.57%	-116.62%	-891.19%	-87.52%	123.35%	92.31%	4.07%
NOPAT Growth	-13.04%	158.52%	129.19%	136.14%	449.14%	-461.35%	-889.67%	134.31%	107.17%	93.61%	4.07%
Net Income Growth	-207.23%	-144.05%	81.90%	109.08%	72.46%	-114.05%	43.11%	-186.97%	-258.52%	275.99%	-310.60%
EPS Growth	-200.00%	-180.00%	83.33%	110.00%	85.19%	-114.29%	45.45%	-220.00%	-107.69%	212.90%	-233.33%
Operating Cash Flow Growth	-16.02%	-3.33%	56.33%	-11.69%	29.87%	82.56%	-36.48%	-13.67%	-61.60%	-55.02%	6.02%
Free Cash Flow Firm Growth	-82.82%	-67.14%	-40.24%	-100.65%	145.35%	-83.65%	187.86%	661.76%	-39.17%	235.37%	-52.35%
Invested Capital Growth	-4.55%	-6.96%	-13.05%	0.57%	-21.33%	-18.06%	-18.72%	-30.21%	-8.02%	-52.13%	-5.96%
Revenue Q/Q Growth	-0.48%	-0.13%	1.04%	0.20%	0.48%	0.82%	3.53%	2.57%	24.60%	-20.43%	17.32%
EBITDA Q/Q Growth	-5.83%	-9.89%	-11.76%	38.26%	65.08%	497.18%	-115.56%	5.14%	71.33%	-22.99%	-67.53%
EBIT Q/Q Growth	-28.95%	-21.99%	-46.05%	194.59%	206.61%	83.29%	-756.36%	79.25%	210.20%	23.55%	-108.26%
NOPAT Q/Q Growth	-29.21%	-27.81%	-4.60%	78.40%	147.64%	63.99%	-871.71%	314.85%	148.70%	36.52%	73.24%
Net Income Q/Q Growth	2.09%	-28.57%	-498.79%	161.20%	22.22%	90.46%	-99.93%	-85.67%	-139.69%	138.61%	-405.63%
EPS Q/Q Growth	14.29%	-40.00%	-433.33%	175.00%	20.00%	91.67%	-100.00%	-11.11%	-177.14%	131.82%	-540.00%
Operating Cash Flow Q/Q Growth	11.25%	-14.84%	28.55%	-31.04%	28.06%	37.72%	-27.38%	1.41%	80.01%	-52.08%	-1.30%
Free Cash Flow Firm Q/Q Growth	-36.80%	-49.98%	5,457.85%	-101.01%	20.91%	-9.04%	-41.45%	281.07%	-91.94%	1,501.06%	54.93%
Invested Capital Q/Q Growth	-1.16%	-0.41%	-1.16%	-1.89%	-3.66%	-6.93%	14.32%	-23.25%	0.35%	-7.69%	-1.84%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	95.86%	111.09%	96.88%	83.26%	96.63%	86.68%	42.19%	87.45%	96.70%	99.54%	96.07%
EBITDA Margin	48.21%	52.10%	57.74%	66.11%	47.91%	29.16%	-7.40%	49.25%	48.04%	34.94%	36.11%
Operating Margin	8.16%	11.47%	15.87%	13.34%	9.44%	-19.92%	-55.77%	7.48%	1.85%	-4.73%	-5.93%
EBIT Margin	7.78%	12.04%	15.42%	28.88%	9.82%	-9.26%	-55.86%	8.81%	5.04%	-5.70%	-5.93%
Profit (Net Income) Margin	-20.26%	-20.60%	-16.00%	4.05%	-6.64%	-8.57%	-90.64%	-46.93%	-25.93%	81.40%	-167.74%
Tax Burden Percent	99.32%	94.08%	98.49%	183.31%	71.96%	35.61%	99.68%	118.39%	86.18%	-166.07%	468.82%
Interest Burden Percent	-262.36%	-181.77%	-105.35%	7.66%	-93.89%	260.11%	162.78%	-449.97%	-596.70%	859.78%	603.02%
Effective Tax Rate	0.00%	0.00%	0.00%	11.80%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.55%	0.75%	1.00%	1.12%	0.54%	-1.09%	-2.65%	0.37%	0.08%	-0.13%	-0.12%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.57%	-0.45%	-0.08%	0.77%	0.01%	-0.88%	-4.38%	-1.56%	-0.82%	1.03%	-4.94%
Return on Net Nonoperating Assets (RNNOA)	-0.72%	-0.57%	-0.11%	0.86%	0.01%	-0.94%	-5.41%	-1.61%	-0.81%	1.95%	-5.47%
Return on Equity (ROE)	-0.17%	0.18%	0.89%	1.98%	0.54%	-2.03%	-8.06%	-1.24%	-0.73%	1.83%	-5.59%
Cash Return on Invested Capital (CROIC)	5.48%	8.03%	14.26%	-1.43%	23.03%	18.91%	20.00%	35.58%	8.09%	70.11%	5.00%
Operating Return on Assets (OROA)	0.69%	1.05%	1.31%	2.28%	0.74%	-0.67%	-3.59%	0.52%	0.29%	-0.29%	-0.16%
Return on Assets (ROA)	-1.78%	-1.79%	-1.36%	0.32%	-0.50%	-0.62%	-5.82%	-2.79%	-1.48%	4.11%	-4.56%
Return on Common Equity (ROCE)	-0.15%	0.16%	0.78%	1.73%	0.40%	-1.50%	-5.91%	-0.92%	-0.47%	1.18%	-3.62%
Return on Equity Simple (ROE_SIMPLE)	-3.32%	0.00%	-1.65%	-5.98%	-8.89%	0.00%	-5.73%	-9.30%	-3.83%	0.00%	-8.24%
Net Operating Profit after Tax (NOPAT)	3.87	5.47	7.58	7.94	4.45	-9.34	-26	3.36	0.81	-1.66	-2.62
NOPAT Margin	5.71%	8.03%	11.11%	11.77%	6.61%	-13.94%	-39.04%	5.24%	1.29%	-3.31%	-4.15%
Net Nonoperating Expense Percent (NNEP)	1.12%	1.21%	1.08%	0.35%	0.53%	-0.21%	1.73%	1.93%	0.90%	-1.15%	4.82%
Return On Investment Capital (ROIC_SIMPLE)	0.13%	0.19%	0.26%	0.27%	0.14%	-0.30%	-0.81%	0.11%	0.03%	-0.05%	-0.07%
Cost of Revenue to Revenue	4.14%	-11.09%	3.12%	16.74%	3.37%	13.32%	57.81%	12.55%	3.30%	0.46%	3.93%
SG&A Expenses to Revenue	31.08%	33.67%	28.03%	32.02%	35.13%	35.15%	42.40%	33.96%	34.61%	48.32%	41.63%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	87.70%	99.61%	81.00%	69.91%	87.18%	106.60%	97.96%	79.97%	94.85%	104.27%	102.00%
Earnings before Interest and Taxes (EBIT)	5.27	8.20	11	19	6.61	-6.20	-37	5.66	3.16	-2.86	-3.75
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	33	35	39	45	32	20	-4.92	32	30	18	23
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.46	1.41	1.48	1.21	1.22	1.25	1.30	1.20	1.07	1.15	0.84
Price to Tangible Book Value (P/TBV)	1.46	1.41	1.48	1.21	1.22	1.25	1.30	1.20	1.07	1.15	0.84
Price to Revenue (P/Rev)	5.79	5.70	6.11	5.11	5.21	5.48	6.12	5.99	5.68	6.65	8.45
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	1.71%	1.58%	1.32%	1.05%	0.69%	0.66%	0.31%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.18	1.16	1.19	1.08	1.08	1.09	1.10	1.04	1.02	1.05	0.95
Enterprise Value to Revenue (EV/Rev)	11.95	11.90	12.33	11.43	11.79	12.58	14.56	12.20	16.30	17.94	31.39
Enterprise Value to EBITDA (EV/EBITDA)	21.44	21.26	24.51	33.52	39.81	42.92	47.69	28.73	26.64	31.46	0.00
Enterprise Value to EBIT (EV/EBIT)	76.01	71.96	109.45	0.00	0.00	0.00	0.00	1,330.58	89.46	151.90	0.00
Enterprise Value to NOPAT (EV/NOPAT)	139.74	135.50	370.42	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	65.13	61.62	63.11	64.27	63.58	71.93	88.64	64.98	79.61	57.59	50.36
Enterprise Value to Free Cash Flow (EV/FCFF)	21.02	13.90	7.77	0.00	4.14	5.21	4.94	2.41	12.11	0.97	18.43
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.37	1.35	1.33	1.32	1.45	1.42	1.44	1.31	0.96	0.99	1.21
Long-Term Debt to Equity	1.37	1.07	1.05	1.32	1.45	1.42	1.39	1.31	0.96	0.99	1.15
Financial Leverage	1.25	1.27	1.32	1.11	1.06	1.06	1.24	1.03	0.99	1.90	1.11
Leverage Ratio	2.47	2.44	2.45	2.55	2.21	2.22	2.36	2.40	2.10	2.17	2.28
Compound Leverage Factor	-6.47	-4.44	-2.58	0.20	-2.07	5.79	3.85	-10.79	-12.50	18.69	13.73
Debt to Total Capital	57.78%	57.38%	57.13%	56.85%	59.12%	58.70%	58.96%	56.74%	49.01%	49.86%	54.70%
Short-Term Debt to Total Capital	0.00%	11.97%	12.04%	0.00%	0.00%	0.00%	1.82%	0.00%	0.00%	0.00%	2.63%
Long-Term Debt to Total Capital	57.78%	45.41%	45.09%	56.85%	59.12%	58.70%	57.14%	56.74%	49.01%	49.86%	52.07%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	4.78%	4.91%	4.94%	4.99%	4.76%	5.29%	5.66%	5.96%	18.24%	17.78%	16.30%
Common Equity to Total Capital	37.44%	37.72%	37.93%	38.16%	36.12%	36.01%	35.37%	37.30%	32.75%	32.36%	29.00%
Debt to EBITDA	11.02	11.02	12.36	18.44	23.60	24.29	25.73	17.84	12.95	15.65	-1,088.72
Net Debt to EBITDA	10.13	10.13	11.28	16.92	20.33	22.03	25.18	12.76	12.54	14.22	-995.71
Long-Term Debt to EBITDA	11.02	8.72	9.75	18.44	23.60	24.29	24.94	17.84	12.95	15.65	-1,036.36
Debt to NOPAT	71.81	70.27	186.76	-68.74	-67.43	-59.57	-81.60	-16,058.03	-176.13	-84.83	-48.38
Net Debt to NOPAT	66.05	64.57	170.50	-63.08	-58.07	-54.02	-79.86	-11,478.01	-170.60	-77.08	-44.25
Long-Term Debt to NOPAT	71.81	55.61	147.40	-68.74	-67.43	-59.57	-79.08	-16,058.03	-176.13	-84.83	-46.06
Altman Z-Score	-0.07	-0.21	-0.16	-0.09	-0.07	-0.10	-0.14	0.04	-0.02	0.00	-0.20
Noncontrolling Interest Sharing Ratio	11.49%	12.17%	12.70%	12.71%	26.04%	26.28%	26.78%	26.06%	35.23%	35.20%	35.23%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.57	0.06	0.08	0.43	2.35	0.74	0.31	7.53	0.72	0.49	0.30
Quick Ratio	0.22	0.02	0.04	0.43	1.92	0.40	0.15	7.53	0.49	0.29	0.18
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	135	214	427	-7.97	786	650	715	1,221	320	3,976	248
Operating Cash Flow to CapEx	0.00%	163.26%	256.23%	0.00%	0.00%	0.00%	426.42%	313.73%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	5.88	9.17	19.87	-0.35	36.56	62.23	28.87	32.35	14.55	187.39	13.19
Operating Cash Flow to Interest Expense	0.57	0.51	0.65	0.48	0.73	1.17	0.36	0.33	0.55	0.32	0.75
Operating Cash Flow Less CapEx to Interest Expense	0.89	0.20	0.39	3.88	1.05	2.38	0.28	0.22	0.73	1.54	5.98
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.09	0.09	0.09	0.08	0.08	0.07	0.06	0.06	0.06	0.05	0.03
Accounts Receivable Turnover	191.19	131.69	91.59	82.61	85.19	91.94	78.65	62.87	67.74	80.77	38.78
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.10	0.09	0.09	0.09	0.08	0.08	0.07	0.07	0.06	0.06	0.03
Accounts Payable Turnover	0.18	0.17	0.48	1.21	1.05	0.90	0.71	0.21	0.09	0.07	0.04
Days Sales Outstanding (DSO)	1.91	2.77	3.99	4.42	4.28	3.97	4.64	5.81	5.39	4.52	9.41
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	1,985.02	2,199.49	765.11	300.60	347.44	404.91	517.58	1,741.10	3,992.73	5,383.41	10,021.70
Cash Conversion Cycle (CCC)	-1,983.11	-2,196.72	-761.13	-296.18	-343.16	-400.94	-512.94	-1,735.29	-3,987.35	-5,378.89	-10,012.29
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,752	2,784	2,796	2,829	2,883	2,992	3,215	2,813	3,665	3,652	3,956
Invested Capital Turnover	0.10	0.09	0.09	0.10	0.08	0.08	0.07	0.07	0.06	0.04	0.03
Increase / (Decrease) in Invested Capital	-131	-208	-420	16	-782	-659	-741	-1,218	-320	-3,977	-251
Enterprise Value (EV)	3,244	3,225	3,328	3,067	3,125	3,275	3,545	2,931	3,746	3,827	3,761
Market Capitalization	1,573	1,545	1,651	1,371	1,380	1,427	1,489	1,438	1,305	1,418	1,012
Book Value per Share	$11.62	$11.83	$11.99	$12.23	$12.27	$12.33	$12.47	$13.06	$13.34	$13.57	$13.19
Tangible Book Value per Share	$11.62	$11.83	$11.99	$12.23	$12.27	$12.33	$12.47	$13.06	$13.34	$13.57	$13.19
Total Capital	2,886	2,915	2,937	2,967	3,135	3,158	3,244	3,209	3,715	3,819	4,144
Total Debt	1,667	1,672	1,678	1,687	1,853	1,854	1,913	1,821	1,820	1,904	2,267
Total Long-Term Debt	1,667	1,323	1,324	1,687	1,853	1,854	1,854	1,821	1,820	1,904	2,158
Net Debt	1,533	1,537	1,532	1,548	1,596	1,681	1,872	1,302	1,763	1,730	2,073
Capital Expenditures (CapEx)	-7.14	7.26	5.44	-76	-6.88	-13	2.09	3.91	-3.99	-26	-98
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-39	-58	-59	-45	-58	-74	-82	-49	-81	-99	-110
Debt-free Net Working Capital (DFNWC)	-17	-34	-27	-27	81	-20	-41	348	-24	-52	-46
Net Working Capital (NWC)	-17	-383	-380	-27	81	-20	-100	348	-24	-52	-155
Net Nonoperating Expense (NNE)	18	19	18	5.21	8.92	-3.60	34	33	17	-43	103
Net Nonoperating Obligations (NNO)	1,533	1,542	1,537	1,548	1,602	1,688	1,884	1,424	1,771	1,737	2,079
Total Depreciation and Amortization (D&A)	27	27	29	25	26	26	32	26	27	20	27
Debt-free, Cash-free Net Working Capital to Revenue	-14.54%	-21.45%	-21.95%	-16.82%	-21.81%	-28.55%	-33.62%	-20.32%	-35.44%	-46.54%	-91.88%
Debt-free Net Working Capital to Revenue	-6.40%	-12.48%	-9.93%	-9.96%	30.39%	-7.58%	-16.83%	144.95%	-10.58%	-24.21%	-38.41%
Net Working Capital to Revenue	-6.40%	-141.17%	-140.88%	-9.96%	30.39%	-7.58%	-41.09%	144.95%	-10.58%	-24.21%	-129.40%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.12)	($0.14)	($0.10)	$0.03	($0.04)	($0.05)	($0.60)	($0.30)	($0.27)	$0.35	($1.10)
Adjusted Weighted Average Basic Shares Outstanding	93.06M	92.70M	92.90M	92.66M	92.28M	91.88M	92.18M	91.87M	91.23M	91.05M	91.09M
Adjusted Diluted Earnings per Share	($0.12)	($0.14)	($0.10)	$0.03	($0.04)	($0.05)	($0.60)	($0.30)	($0.27)	$0.35	($1.10)
Adjusted Weighted Average Diluted Shares Outstanding	101.69M	101.38M	101.59M	101.95M	100.97M	100.81M	100.93M	100.85M	100.53M	100.27M	100.38M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	93.32M	92.95M	92.90M	92.89M	92.58M	92.23M	92.22M	92.06M	91.68M	91.16M	91.08M
Normalized Net Operating Profit after Tax (NOPAT)	6.11	5.47	9.41	7.94	4.45	-5.19	-26	3.36	3.19	-1.66	-0.85
Normalized NOPAT Margin	9.02%	8.03%	13.80%	11.77%	6.61%	-7.75%	-39.04%	5.24%	5.09%	-3.31%	-1.34%
Pre Tax Income Margin	-20.40%	-21.89%	-16.24%	2.21%	-9.22%	-24.08%	-90.93%	-39.65%	-30.08%	-49.01%	-35.78%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.23	0.35	0.49	0.87	0.31	-0.59	-1.50	0.15	0.14	-0.14	-0.20
NOPAT to Interest Expense	0.17	0.23	0.35	0.35	0.21	-0.89	-1.05	0.09	0.04	-0.08	-0.14
EBIT Less CapEx to Interest Expense	0.54	0.04	0.24	4.27	0.63	0.62	-1.58	0.05	0.32	1.09	5.03
NOPAT Less CapEx to Interest Expense	0.48	-0.08	0.10	3.76	0.53	0.32	-1.13	-0.01	0.22	1.15	5.09
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-78.72%	-97.91%	-40.31%	-25.81%	-11.73%	-4.92%	-25.52%	-0.05%	-0.08%	-0.17%	-0.24%
Augmented Payout Ratio	-80.03%	-99.96%	-136.20%	-32.93%	-22.87%	-20.29%	-35.41%	-23.18%	-60.67%	-81.39%	-29.36%

Frequently Asked Questions About Veris Residential's Financials

When does Veris Residential's financial year end?

According to the most recent income statement we have on file, Veris Residential's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Veris Residential's net income changed over the last 10 years?

Veris Residential's net income appears to be on a downward trend, with a most recent value of -$26.66 million in 2024, falling from $31.39 million in 2014. The previous period was -$112.36 million in 2023. See where experts think Veris Residential is headed by visiting Veris Residential's forecast page.

What is Veris Residential's operating income?

Veris Residential's total operating income in 2024 was $34.00 million, based on the following breakdown:

Total Gross Profit: $262.92 million
Total Operating Expenses: $228.93 million

How has Veris Residential revenue changed over the last 10 years?

Over the last 10 years, Veris Residential's total revenue changed from $636.80 million in 2014 to $271.07 million in 2024, a change of -57.4%.

How much debt does Veris Residential have?

Veris Residential's total liabilities were at $1.74 billion at the end of 2024, a 10.1% decrease from 2023, and a 24.7% decrease since 2014.

How much cash does Veris Residential have?

In the past 10 years, Veris Residential's cash and equivalents has ranged from $7.25 million in 2024 to $38.10 million in 2020, and is currently $7.25 million as of their latest financial filing in 2024.

How has Veris Residential's book value per share changed over the last 10 years?

Over the last 10 years, Veris Residential's book value per share changed from 18.25 in 2014 to 11.83 in 2024, a change of -35.2%.

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This page (NYSE:VRE) was last updated on 5/30/2025 by MarketBeat.com Staff

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Veris Residential (VRE) Financials

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