Veris Residential, Inc.VREEarnings & Financial Report
Veris Residential, Inc. is an American real estate investment trust headquartered in Jersey City, New Jersey, investing primarily in apartments in New Jersey and Boston.
VRE Q3 2025 Key Financial Metrics
Revenue
$73.4M
Gross Profit
$71.1M
Operating Profit
$77.6M
Net Profit
$75.2M
Gross Margin
96.8%
Operating Margin
105.6%
Net Margin
102.4%
YoY Growth
7.7%
EPS
$0.80
Financial Flow
Veris Residential, Inc. Q3 2025 Financial Summary
Veris Residential, Inc. reported revenue of $73.4M for Q3 2025, with a net profit of $75.2M (102.4% margin). Cost of goods sold was $2.4M, operating expenses totaled $-6.5M.
Key Financial Metrics
| Total Revenue | $73.4M |
|---|---|
| Net Profit | $75.2M |
| Gross Margin | 96.8% |
| Operating Margin | 105.6% |
| Report Period | Q3 2025 |
Veris Residential, Inc. Annual Revenue by Year
Veris Residential, Inc. annual revenue history includes year-by-year totals (for example, 2024 revenue was $271.1M).
| Year | Annual Revenue |
|---|---|
| 2024 | $271.1M |
| 2023 | $279.9M |
| 2022 | $355.0M |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $72.7M | $67.3M | $67.5M | $68.2M | $68.1M | $67.8M | $75.9M | $73.4M |
| YoY Growth | -14.2% | 0.6% | -1.8% | -4.6% | -6.4% | 0.6% | 12.5% | 7.7% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $3.24B | $3.21B | $3.04B | $3.01B | $2.98B | $2.95B | $3.13B | $2.79B |
| Liabilities | $1.94B | $1.93B | $1.76B | $1.75B | $1.74B | $1.73B | $1.90B | $1.51B |
| Equity | $1.14B | $1.13B | $1.13B | $1.11B | $1.10B | $1.08B | $1.09B | $1.16B |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $12.3M | $15.7M | $10.8M | $13.9M | $11.9M | $13.2M | $23.8M | $13.5M |
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