Veris Residential
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Veris Residential's past years’ income statements indicate that its last revenue has decreased compared to the previous period by 21% to $279,859,000. The net income raised on -$107,265,000 and profit margin reached -38%. Total operating expenses were $157,014,000.
Profit Margin
| 2014 | 636.79M | 28.56M | 4.49% |
|---|---|---|---|
| 2015 | 594.88M | -125.75M | -21.14% |
| 2016 | 613.39M | 117.22M | 19.11% |
| 2017 | 616.2M | 23.18M | 3.76% |
| 2018 | 530.60M | 84.11M | 15.85% |
| 2019 | 350.93M | 8.82M | 2.51% |
| 2020 | 313.56M | -132.23M | -42.17% |
| 2021 | 329.31M | -195.45M | -59.35% |
| 2022 | 355.01M | -112.17M | -31.6% |
| 2023 | 279.85M | -107.26M | -38.33% |
VRE Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 279.85M | 355.01M | 329.31M | 313.56M | 350.93M | 530.60M | 616.2M | 613.39M | 594.88M | 636.79M |
Cost of revenue | 122.84M | 161.33M | 147.36M | 141.41M | 147.43M | 224.15M | 254.73M | 267.21M | 272.18M | 302.32M |
Gross profit | 157.01M | 193.68M | 181.94M | 172.15M | 203.49M | 306.45M | 361.46M | 346.18M | 322.69M | 334.47M |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total operating expenses | 157.01M | 167.68M | 168.81M | 195.67M | 191.81M | 228.83M | 256.11M | 238.66M | 219.54M | 245.65M |
Operating income | 3.15M | 27.92M | 9.40M | -23.62M | 26.56M | 53.05M | 105.34M | 104.63M | -96.33M | 88.81M |
Other income (expenses), net | -159.85M | -62.06M | -158.42M | -115.49M | 225.98M | 109.14M | -71.62M | 116.05M | -45.72M | -57.42M |
Income before tax | -156.70M | -34.13M | -149.02M | -115.52M | 252.55M | 106.40M | 33.71M | 130.29M | -142.05M | 31.39M |
Income tax expense | 492K | 78.04M | 46.43M | 16.71M | 243.73M | 137.10M | 97.84M | 142.09M | 83.57M | 113.27M |
Net income | -107.26M | -112.17M | -195.45M | -132.23M | 8.82M | 84.11M | 23.18M | 117.22M | -125.75M | 28.56M |
Earnings per share | ||||||||||
Basic EPS | -1.22 | -1.23 | -2.15 | -1.46 | 0.09 | 0.84 | 0.06 | 1.31 | -1.41 | 0.32 |
Diluted EPS | -1.11 | -1.23 | -2.15 | -1.46 | 0.08 | 0.84 | 0.06 | 1.3 | -1.25 | 0.32 |
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