Veris Residential, Inc.
DelistedCIK 924901fmd_1CFZ23WYAAF1DDVSCT31ZGHT2GFinance, Insurance and Real Estate · Real Estate Investment TrustsTemplate: Real estate
Coverage: Jan 01, 2008 to Mar 31, 2026, 69 periods
| Line item | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Rental revenue | 507 | 404 | 324 | 302 | 273 | – | – | – | – | – |
| Total revenues | 613 | 459 | 372 | 357 | 307 | 195 | 213 | 260 | 271 | 288 |
| Cost of revenue | 50 | 29 | 24 | 18 | 14 | 8 | 7 | 8 | 8 | 9 |
| Real estate taxes | 87 | 62 | 45 | 45 | 45 | 29 | 34 | 35 | 37 | 38 |
| Gross profit | 564 | 430 | 348 | 339 | 294 | 186 | 206 | 253 | 263 | 279 |
| Provision for credit losses | – | – | – | – | – | 0 | – | – | – | – |
| Depreciation and amortization | 187 | 142 | 114 | 134 | 120 | 69 | 78 | 86 | 83 | 86 |
| Impairment of real estate | – | – | – | – | 37 | – | – | – | – | – |
| Funds from operations (NAREIT definition, derived) | 304 | 166 | 198 | 245 | 106 | (51) | 26 | (21) | 60 | 162 |
| Operating income | 105 | 105 | – | – | – | – | – | – | – | – |
| Interest expense | 95 | 85 | 78 | 91 | 81 | 48 | 66 | 89 | 88 | 89 |
| Interest and investment income | – | – | – | – | – | – | – | – | – | – |
| Other non-operating income (expense) | – | – | – | – | – | 0 | 0 | 3 | (1) | 0 |
| Income before taxes | – | – | – | – | – | (157) | (39) | (121) | (31) | 75 |
| Income tax expense | – | – | – | – | – | 0 | 0 | 0 | 0 | 0 |
| Net income from continuing operations | 130 | 11 | 83 | 253 | (121) | (157) | (39) | (121) | (31) | 75 |
| Net income | 117 | 23 | 84 | 112 | (51) | (119) | (52) | (107) | (23) | 75 |
| Net income to common shareholders | 117 | 5 | 73 | 86 | (63) | (126) | (58) | (112) | (23) | 75 |