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Veris Residential (VRE) Revenue & Revenue Breakdown

OverviewForecastOwnershipFinancialsChartTranscripts

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

DateRevenueChange
2023-12-31$279.86M-21.17%
2022-12-31$355.02M7.80%
2021-12-31$329.32M5.02%
2020-12-31$313.56M-10.65%
2019-12-31$350.94M-33.86%
2018-12-31$530.61M-13.89%
2017-12-31$616.20M0.46%
2016-12-31$613.40M3.11%
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$787.48M3.00%
2009-12-31$764.52M-1.73%
2008-12-31$777.97M-3.76%
2007-12-31$808.35M9.19%
2006-12-31$740.31M15.06%
2005-12-31$643.40M9.24%
2004-12-31$588.99M0.47%
2003-12-31$586.25M2.92%
2002-12-31$569.61M-2.52%
2001-12-31$584.35M1.42%
2000-12-31$576.15M4.47%
1999-12-31$551.48M11.70%
1998-12-31$493.70M97.64%
1997-12-31$249.80M161.65%
1996-12-31$95.47M53.25%
1995-12-31$62.30M268.64%
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

DateRevenueChange
2024-09-30$2.02M-97.00%
2024-06-30$67.48M0.20%
2024-03-31$67.34M-7.65%
2023-12-31$72.92M2.01%
2023-09-30$71.48M4.01%
2023-06-30$68.73M2.70%
2023-03-31$66.92M-22.36%
2022-12-31$86.20M-5.64%
2022-09-30$91.36M14.44%
2022-06-30$79.83M-19.45%
2022-03-31$99.10M12.32%
2021-12-31$88.23M5.36%
2021-09-30$83.74M3.07%
2021-06-30$81.25M6.77%
2021-03-31$76.09M-6.30%
2020-12-31$81.20M4.58%
2020-09-30$77.65M6.88%
2020-06-30$72.65M-11.46%
2020-03-31$82.06M-5.33%
2019-12-31$86.67M-34.28%
2019-09-30$131.88M1.09%
2019-06-30$130.46M-2.82%
2019-03-31$134.25M0.99%
2018-12-31$132.94M0.62%
2018-09-30$132.11M4.36%
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$162.77M8.59%
2017-03-31$149.89M-2.50%
2016-12-31$153.73M-2.40%
2016-09-30$157.52M5.56%
2016-06-30$149.23M-2.42%
2016-03-31$152.92M4.42%
2015-12-31$146.44M0.19%
2015-09-30$146.16M-1.62%
2015-06-30$148.57M-3.35%
2015-03-31$153.72M1.52%
2014-12-31$151.41M-2.62%
2014-09-30$155.49M-3.00%
2014-06-30$160.30M-5.48%
2014-03-31$169.60M2.62%
2013-12-31$165.27M1.70%
2013-09-30$162.50M-8.67%
2013-06-30$177.94M-2.14%
2013-03-31$181.83M6.90%
2012-12-31$170.09M-1.80%
2012-09-30$173.21M-2.94%
2012-06-30$178.46M-2.47%
2012-03-31$182.98M1.83%
2011-12-31$179.69M1.43%
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$202.78M3.52%
2010-03-31$195.89M0.51%
2009-12-31$194.90M0.66%
2009-09-30$193.62M2.26%
2009-06-30$189.34M1.43%
2009-03-31$186.67M0.30%
2008-12-31$186.10M-8.94%
2008-09-30$204.36M6.00%
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/ServiceDec 23Dec 22Dec 21Dec 20Dec 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/ServiceSep 24Jun 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 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%).

Veris Residential Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
JBGSJBG SMITH Properties$604.20M$136.03M
UEUrban Edge Properties$416.92M$112.43M
VREVeris Residential$279.86M$2.02M
NXRTNexPoint Residential Trust$277.53M$64.09M
SITCSITE Centers$2.22M$143.09M

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.