Veris Residential Past Earnings Performance
Past criteria checks 0/6
Veris Residential's earnings have been declining at an average annual rate of -42.7%, while the Residential REITs industry saw earnings growing at 15.4% annually. Revenues have been declining at an average rate of 3.9% per year.
Key information
-42.7%
Earnings growth rate
-42.6%
EPS growth rate
| Residential REITs Industry Growth | 11.1% |
| Revenue growth rate | -3.9% |
| Return on equity | -11.3% |
| Net Margin | -45.5% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Recent updates
Veris's Future Profitability Is Unclear During Transition To Multifamily REIT
Dec 29Veris Residential: A Turnaround In Process
Dec 23Veris Residential: Newest Results Show An Improvement Of The Company's Operations (Upgrade)
Sep 12Veris Residential FFO of $0.05 misses by $0.08, revenue of $86.2M misses by $1.15M
Feb 21Veris Residential holder Madison International seeks possible board seat
Jan 13Veris Residential gains after rejecting increased Kushner offer; open to dialogue
Dec 12Veris Residential surges after it confirms $16/share buyout bid from Kushner
Oct 21Veris Residential jumps on $766M sale of Jersey City properties
Oct 10Veris Residential: Analysis Of The Newest 'Pure Play' Multi-Family REIT
Aug 16Veris Residential: Look At Total Return, Not Just Dividends
Jul 28Analysts Just Made A Substantial Upgrade To Their Mack-Cali Realty Corporation (NYSE:CLI) Forecasts
Jul 20
Mack-Cali sells Red Bank Office portfolio for $84 Million
Jun 14Mack-Cali Realty FFO beats by $0.04, misses on revenue
May 06Revenue & Expenses BreakdownBeta
How Veris Residential makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 289 | -131 | 45 | 0 |
| 31 Dec 23 | 284 | -153 | 44 | 0 |
| 30 Sep 23 | 272 | -134 | 47 | 0 |
| 30 Jun 23 | 263 | -103 | 45 | 0 |
| 31 Mar 23 | 248 | -57 | 47 | 0 |
| 31 Dec 22 | 235 | -62 | 56 | 0 |
| 30 Sep 22 | 254 | -64 | 50 | 0 |
| 30 Jun 22 | 272 | -71 | 49 | 0 |
| 31 Mar 22 | 295 | -171 | 55 | 0 |
| 31 Dec 21 | 191 | -170 | 57 | 0 |
| 30 Sep 21 | 307 | -116 | 45 | 0 |
| 30 Jun 21 | 307 | -160 | 60 | 0 |
| 31 Mar 21 | 300 | -126 | 61 | 0 |
| 31 Dec 20 | 304 | -142 | 61 | 0 |
| 30 Sep 20 | 330 | -108 | 75 | 0 |
| 30 Jun 20 | 337 | -90 | 61 | 0 |
| 31 Mar 20 | 350 | -86 | 60 | 0 |
| 31 Dec 19 | 356 | 185 | 59 | 0 |
| 30 Sep 19 | 231 | 153 | 55 | 0 |
| 30 Jun 19 | 275 | 207 | 54 | 0 |
| 31 Mar 19 | 315 | 243 | 49 | 0 |
| 31 Dec 18 | 372 | 52 | 47 | 0 |
| 30 Sep 18 | 542 | 31 | 49 | 0 |
| 30 Jun 18 | 569 | 71 | 50 | 0 |
| 31 Mar 18 | 602 | 35 | 50 | 0 |
| 31 Dec 17 | 454 | -15 | 50 | 0 |
| 30 Sep 17 | 622 | 21 | 50 | 0 |
| 30 Jun 17 | 642 | -23 | 51 | 0 |
| 31 Mar 17 | 631 | 65 | 51 | 0 |
| 31 Dec 16 | 633 | 117 | 52 | 0 |
| 30 Sep 16 | 625 | 70 | 52 | 0 |
| 30 Jun 16 | 595 | -48 | 51 | 0 |
| 31 Mar 16 | 593 | -61 | 50 | 0 |
| 31 Dec 15 | 592 | -126 | 49 | 0 |
| 30 Sep 15 | 597 | -103 | 46 | 0 |
| 30 Jun 15 | 602 | 26 | 45 | 0 |
| 31 Mar 15 | 616 | 41 | 46 | 0 |
| 31 Dec 14 | 634 | 29 | 47 | 0 |
| 30 Sep 14 | 648 | -15 | 49 | 0 |
| 30 Jun 14 | 656 | -56 | 48 | 0 |
| 31 Mar 14 | 664 | -99 | 48 | 0 |
| 31 Dec 13 | 665 | -77 | 47 | 0 |
| 30 Sep 13 | 663 | -24 | 45 | 0 |
| 30 Jun 13 | 660 | 24 | 46 | 0 |
Quality Earnings: VRE is currently unprofitable.
Growing Profit Margin: VRE is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: VRE is unprofitable, and losses have increased over the past 5 years at a rate of 42.7% per year.
Accelerating Growth: Unable to compare VRE's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: VRE is unprofitable, making it difficult to compare its past year earnings growth to the Residential REITs industry (-0.02%).
Return on Equity
High ROE: VRE has a negative Return on Equity (-11.29%), as it is currently unprofitable.