Veris Residential (VRE) Revenue & Revenue Breakdown
Veris Residential Revenue Highlights
Latest Revenue (Y)
$279.86M
Latest Revenue (Q)
$2.02M
Main Segment (Y)
Operating Leases
Veris Residential Revenue by Period
Veris Residential Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $279.86M | -21.17% |
| 2022-12-31 | $355.02M | 7.80% |
| 2021-12-31 | $329.32M | 5.02% |
| 2020-12-31 | $313.56M | -10.65% |
| 2019-12-31 | $350.94M | -33.86% |
| 2018-12-31 | $530.61M | -13.89% |
| 2017-12-31 | $616.20M | 0.46% |
| 2016-12-31 | $613.40M | 3.11% |
| 2015-12-31 | $594.88M | -6.58% |
| 2014-12-31 | $636.80M | -4.53% |
| 2013-12-31 | $667.03M | -5.35% |
| 2012-12-31 | $704.74M | -2.70% |
| 2011-12-31 | $724.28M | -8.03% |
| 2010-12-31 | $787.48M | 3.00% |
| 2009-12-31 | $764.52M | -1.73% |
| 2008-12-31 | $777.97M | -3.76% |
| 2007-12-31 | $808.35M | 9.19% |
| 2006-12-31 | $740.31M | 15.06% |
| 2005-12-31 | $643.40M | 9.24% |
| 2004-12-31 | $588.99M | 0.47% |
| 2003-12-31 | $586.25M | 2.92% |
| 2002-12-31 | $569.61M | -2.52% |
| 2001-12-31 | $584.35M | 1.42% |
| 2000-12-31 | $576.15M | 4.47% |
| 1999-12-31 | $551.48M | 11.70% |
| 1998-12-31 | $493.70M | 97.64% |
| 1997-12-31 | $249.80M | 161.65% |
| 1996-12-31 | $95.47M | 53.25% |
| 1995-12-31 | $62.30M | 268.64% |
| 1994-12-31 | $16.90M | - |
Veris Residential generated $279.86M in revenue during NA 2023, up -21.17% compared to the previous quarter, and up 52.74% compared to the same period a year ago.
Veris Residential Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-09-30 | $2.02M | -97.00% |
| 2024-06-30 | $67.48M | 0.20% |
| 2024-03-31 | $67.34M | -7.65% |
| 2023-12-31 | $72.92M | 2.01% |
| 2023-09-30 | $71.48M | 4.01% |
| 2023-06-30 | $68.73M | 2.70% |
| 2023-03-31 | $66.92M | -22.36% |
| 2022-12-31 | $86.20M | -5.64% |
| 2022-09-30 | $91.36M | 14.44% |
| 2022-06-30 | $79.83M | -19.45% |
| 2022-03-31 | $99.10M | 12.32% |
| 2021-12-31 | $88.23M | 5.36% |
| 2021-09-30 | $83.74M | 3.07% |
| 2021-06-30 | $81.25M | 6.77% |
| 2021-03-31 | $76.09M | -6.30% |
| 2020-12-31 | $81.20M | 4.58% |
| 2020-09-30 | $77.65M | 6.88% |
| 2020-06-30 | $72.65M | -11.46% |
| 2020-03-31 | $82.06M | -5.33% |
| 2019-12-31 | $86.67M | -34.28% |
| 2019-09-30 | $131.88M | 1.09% |
| 2019-06-30 | $130.46M | -2.82% |
| 2019-03-31 | $134.25M | 0.99% |
| 2018-12-31 | $132.94M | 0.62% |
| 2018-09-30 | $132.11M | 4.36% |
| 2018-06-30 | $126.59M | -8.91% |
| 2018-03-31 | $138.97M | -3.18% |
| 2017-12-31 | $143.53M | -10.30% |
| 2017-09-30 | $160.02M | -1.69% |
| 2017-06-30 | $162.77M | 8.59% |
| 2017-03-31 | $149.89M | -2.50% |
| 2016-12-31 | $153.73M | -2.40% |
| 2016-09-30 | $157.52M | 5.56% |
| 2016-06-30 | $149.23M | -2.42% |
| 2016-03-31 | $152.92M | 4.42% |
| 2015-12-31 | $146.44M | 0.19% |
| 2015-09-30 | $146.16M | -1.62% |
| 2015-06-30 | $148.57M | -3.35% |
| 2015-03-31 | $153.72M | 1.52% |
| 2014-12-31 | $151.41M | -2.62% |
| 2014-09-30 | $155.49M | -3.00% |
| 2014-06-30 | $160.30M | -5.48% |
| 2014-03-31 | $169.60M | 2.62% |
| 2013-12-31 | $165.27M | 1.70% |
| 2013-09-30 | $162.50M | -8.67% |
| 2013-06-30 | $177.94M | -2.14% |
| 2013-03-31 | $181.83M | 6.90% |
| 2012-12-31 | $170.09M | -1.80% |
| 2012-09-30 | $173.21M | -2.94% |
| 2012-06-30 | $178.46M | -2.47% |
| 2012-03-31 | $182.98M | 1.83% |
| 2011-12-31 | $179.69M | 1.43% |
| 2011-09-30 | $177.16M | -2.18% |
| 2011-06-30 | $181.11M | -2.80% |
| 2011-03-31 | $186.33M | -3.03% |
| 2010-12-31 | $192.16M | -2.93% |
| 2010-09-30 | $197.96M | -2.38% |
| 2010-06-30 | $202.78M | 3.52% |
| 2010-03-31 | $195.89M | 0.51% |
| 2009-12-31 | $194.90M | 0.66% |
| 2009-09-30 | $193.62M | 2.26% |
| 2009-06-30 | $189.34M | 1.43% |
| 2009-03-31 | $186.67M | 0.30% |
| 2008-12-31 | $186.10M | -8.94% |
| 2008-09-30 | $204.36M | 6.00% |
| 2008-06-30 | $192.79M | - |
Veris Residential generated $2.02M in revenue during Q3 2024, up -97.00% compared to the previous quarter, and up 2.94% compared to the same period a year ago.
Veris Residential Revenue Breakdown
Veris Residential Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Real Estate Services | $3.87M | $3.58M | $9.60M | $11.39M | $13.87M |
| Operating Leases | $252.14M | $284.06M | - | - | - |
| Real Estate, Other | $5.81M | $33.31M | - | - | - |
| Parking | $18.04M | $18.56M | $15.00M | $15.60M | $21.86M |
| Hotel | - | $15.51M | $10.62M | $4.29M | $9.84M |
| Real Estate Other | - | - | $11.31M | $9.31M | $9.22M |
Veris Residential's latest annual revenue breakdown by segment (product or service), as of Dec 23: Operating Leases (90.10%), Parking (6.44%), Real Estate, Other (2.08%), and Real Estate Services (1.38%).
Quarterly Revenue by Product
| Product/Service | Sep 24 | Jun 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Real Estate, Other | $1.25M | $1.77M | $1.19M | $1.36M | $1.38M | $1.88M | $2.03M | $3.34M | $1.15M | - | - | - | - | - | - | - | - | - | - | - |
| Management Fees | $794.00K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Leases | $62.23M | $60.92M | $66.34M | $64.21M | $61.91M | $59.68M | $73.47M | $77.77M | $68.49M | - | - | - | - | - | - | - | - | - | - | - |
| Parking | $3.90M | $3.92M | $4.11M | $4.67M | $4.80M | $4.46M | $4.75M | $4.87M | $4.75M | $4.18M | $4.48M | $3.95M | $3.48M | $3.09M | $3.27M | $4.03M | $3.03M | $5.26M | $5.59M | $5.77M |
| Real Estate Services | - | $871.00K | $1.08M | $1.23M | $643.00K | $911.00K | $888.00K | $886.00K | $897.00K | $910.00K | $2.63M | $2.59M | $2.53M | $2.77M | $2.88M | $2.75M | $2.99M | $3.09M | $3.41M | - |
| Hotel | - | - | - | - | - | - | $5.06M | $4.49M | $4.54M | $1.42M | $3.83M | $3.02M | $2.71M | $1.05M | $997.00K | $893.00K | $772.00K | $1.63M | $4.14M | $3.33M |
| Real Estate Other | - | - | - | - | - | - | - | - | - | $26.79M | $2.23M | $1.91M | $3.52M | $3.66M | $2.29M | $4.00M | $1.30M | $1.72M | $1.90M | $2.67M |
Veris Residential's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Operating Leases (91.28%), Parking (5.72%), Real Estate, Other (1.83%), and Management Fees (1.16%).
VRE Revenue FAQ
What is Veris Residential’s yearly revenue?
Veris Residential's yearly revenue for 2023 was $279.86M, representing a decrease of -21.17% compared to 2022. The company's yearly revenue for 2022 was $355.02M, representing an increase of 7.80% compared to 2021. VRE's yearly revenue for 2021 was $329.32M, representing an increase of 5.02% compared to 2020.
What is Veris Residential’s quarterly revenue?
Veris Residential's quarterly revenue for Q3 2024 was $2.02M, a -97.00% decrease from the previous quarter (Q2 2024), and a -97.17% decrease year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $67.48M, a 0.20% increase from the previous quarter (Q1 2024), and a -1.82% decrease year-over-year (Q2 2023). VRE's quarterly revenue for Q1 2024 was $67.34M, a -7.65% decrease from the previous quarter (Q4 2023), and a 0.62% increase year-over-year (Q1 2023).
What is Veris Residential’s revenue growth rate?
Veris Residential's revenue growth rate for the last 3 years (2021-2023) was -15.02%, and for the last 5 years (2019-2023) was -20.25%.
What are Veris Residential’s revenue streams?
Veris Residential's revenue streams in c 23 are Real Estate Services, Operating Leases, Real Estate, Other, and Parking. Real Estate Services generated $3.87M in revenue, accounting 1.38% of the company's total revenue, up 8.01% year-over-year. Operating Leases generated $252.14M in revenue, accounting 90.10% of the company's total revenue, down -11.24% year-over-year. Real Estate, Other generated $5.81M in revenue, accounting 2.08% of the company's total revenue, down -82.56% year-over-year. Parking generated $18.04M in revenue, accounting 6.44% of the company's total revenue, down -2.81% year-over-year.
What is Veris Residential’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Veris Residential was Operating Leases. This segment made a revenue of $252.14M, representing 90.10% of the company's total revenue.