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VRE Financial Statements and Analysis

NYSE : VRE

Veris Residential, Inc.

$16.00
0.34+2.17%
At Close 4:00 PM
54.28
B-ESG ScoreESG Rating

VRE FINANCIAL STATEMENTS

An instrumental part of fundamental analysis is measuring key indicators of an asset, which are the factors that can influence its value and price. However, sometimes investors show more interest in financial statements with other factors to determine whether investing in that company is the right decision. Financial statements of a company include:

  • Balance Sheet
  • Income Statement
  • Cash Flow Statement

VRE Income Statement

A company's income statement helps investors and business owners determine whether the company is profitable or losing money. Profitability is a key factor investors consider before investing in a stock. Income statements provide them with information about a company's profitability over time. The statement also enables them to observe trends in company spending and earnings since it breaks down individual costs and revenues. Income statements also provide details on where a company's money is going when it isn't profitable or its profits fluctuate.

Date2024-09-302024-06-302024-03-312023-12-312023-09-30
reported currencyUSDUSDUSDUSDUSD
calendar year20242024202420232023
periodQ3Q2Q1Q4Q3
revenue68.175M67.476M67.34M72.916M71.482M
cost of revenue45.778M48.608M49.377M34.062M32.537M
gross profit22.397M18.868M17.963M38.854M38.945M
gross profit ratio0.3290.280.2670.5330.545
research and development expenses00000
general and administrative expenses8.956M8.975M11.088M9.985M14.62M
selling and marketing expenses00000
selling general and administrative expenses8.956M8.975M11.088M9.985M14.62M
other expenses0-250.00K-11.604M77.00K-57.00K
operating expenses43.556M29.291M11.604M33.031M37.832M
cost and expenses54.734M58.473M60.981M67.093M70.369M
interest income181.00K1.536M538.00K232.00K1.24M
interest expense21.507M21.676M21.50M21.933M60.107M
depreciation and amortization21.159M20.316M20.117M23.053M23.22M
ebitda34.60M29.319M26.476M29.444M25.726M
ebitda ratio0.5080.4350.3930.4040.36
operating income13.441M9.003M6.359M21.901M971.00K
operating income ratio0.1970.1330.0940.300.014
total other income expenses net-24.515M73.00K-12.569M-33.497M-3.597M
income before tax-11.074M1.492M-6.21M-49.375M-61.351M
income before tax ratio-0.1620.022-0.092-0.677-0.858
income tax expense39.00K176.00K59.00K199.00K293.00K
net income-9.755M2.922M-3.903M-5.051M-54.807M
net income ratio-0.1430.043-0.058-0.069-0.767
eps-0.100.032-0.042-0.055-0.59
eps diluted-0.0950.031-0.039-0.055-0.54
weighted average shs out92.903M92.663M92.275M92.24M92.177M
weighted average shs out dil101.587M101.952M100.968M92.24M100.925M
Graph

VRE Balance Sheet

Balance sheet summarizes a company's financials and can be used as a basis by investors to determine the value of a company. It shows the value of the stock, as well as the assets and liabilities of the company. A company's balance sheet displays how its assets are put to use and how those assets are financed, based on the liabilities section. Both investors and analysts analyze a company's balance sheet to determine how it allocates its resources.

Date2024-09-302024-06-302024-03-312023-12-312023-09-30
reported currencyUSDUSDUSDUSDUSD
calendar year20242024202420232023
periodQ3Q2Q1Q4Q3
cash and cash equivalents12.782M40.931M138.35M28.007M17.274M
short term investments2.693B2.823B2.906B3.006B3.099B
cash and short term investments12.782M40.931M138.35M28.007M17.274M
net receivables4.245M3.803M3.213M8.274M9.536M
inventory0066.975M58.608M99.183M
other current assets19.687M053.893M26.572M23.603M
total current assets36.714M44.734M208.538M121.461M149.596M
property plant equipment net5.403M5.659M5.912M6.161M6.401M
goodwill00000
intangible assets9.617M9.734M9.901M10.034M10.165M
goodwill and intangible assets9.617M9.734M9.901M10.034M10.165M
long term investments113.595M120.392M122.931M117.954M119.83M
tax assets-113.595M-22.238M2.763B2.952B3.004B
other non current assets2.727B2.88B102.961M33.697M40.116M
total non current assets2.856B2.993B3.004B3.12B3.18B
other assets113.595M0000
total assets3.006B3.038B3.213B3.241B3.33B
account payables45.509M47.117M53.839M55.492M57.737M
short term debt1.757M311.153M315.374M314.076M59.067M
tax payables00000
deferred revenue10.993M11.28M12.234M14.985M15.916M
other current liabilities364.106M45.646M-13.68M-301.956M12.066M
total current liabilities422.365M124.794M78.201M82.597M144.786M
long term debt1.683B1.332B1.552B1.854B1.854B
deferred revenue non current00000
deferred tax liabilities non current00000
other non current liabilities-358.623M10.598M11.234M00
total non current liabilities1.324B1.633B1.853B1.854B1.854B
other liabilities00000
capital lease obligations07.00M7.20M7.351M7.548M
total liabilities1.747B1.758B1.931B1.936B1.999B
preferred stock01.29B01.275B1.264B
common stock929.00K928.00K924.00K922.00K920.00K
retained earnings-1.446B-1.43B-1.427B-1.418B-1.408B
accumulated other comprehensive income loss-2.364M2.04M2.806M1.808M3.866M
other total stockholders equity2.562B2.559B3.983B1.278B1.287B
total stockholders equity1.114B1.132B1.132B1.137B1.148B
total equity1.259B1.28B1.282B1.305B1.331B
total liabilities and stockholders equity3.006B3.038B3.213B3.241B3.33B
minority interest145.197M147.942M149.279M167.074M183.695M
total investments2.806B120.392M122.931M3.124B3.099B
total debt1.678B1.694B1.86B1.854B1.913B
net debt1.665B1.653B1.722B1.826B1.896B
Graph

VRE Cash Flow

A cash flow statement is regarded as a valuable indicator of profitability and the long-term outlook for a company. It assists the company in evaluating whether it has sufficient funds to cover its expenses. Essentially, a cash flow statement represents an organization's financial health. The cash flow statement, which measures the business's ability to operate in the short as well as long term, is broken down into operating, investing, and financing activities.

Date2024-09-302024-06-302024-03-312023-12-312023-09-30
reported currencyUSDUSDUSDUSDUSD
calendar year20242024202420232023
periodQ3Q2Q1Q4Q3
deferred income tax00031.011M-4.424M
stock based compensation3.006M3.247M4.299M3.27M9.465M
change in working capital-6.503M-3.126M4.322M3.33M4.464M
accounts receivables-442.00K-597.00K-115.00K118.00K345.00K
inventory11.593M0091.00K422.00K
accounts payables-1.046M-4.319M239.00K579.00K2.346M
other working capital-5.015M1.79M4.198M2.542M1.351M
other non cash items7.18M39.145M37.083M-42.65M36.433M
net cash provided by operating activities13.926M12.412M17.412M12.268M8.908M
investments in property plant and equipment-5.435M-2.442M-3.228M-2.649M-4.068M
acquisitions net-3.745M108.00K-15.70M-582.00K-82.00K
purchases of investments-729.00K-1.806M-2.39M-2.018M-1.394M
sales maturities of investments6.095M78.859M16.23M15.274M1.279M
other investing activites-899.00K-4.02M81.459M75.054M47.202M
net cash used for investing activites-899.00K70.699M76.371M85.079M42.937M
debt repayment-7.396M-174.906M-1.76M-61.868M-475.94M
common stock issued-66.00K0000
common stock repurchased550.00K55.00K-55.00K-588.00K0
dividends paid-6.149M-5.398M-5.339M-5.085M0
other financing activites-7.878M-226.00K-2.913M-16.104M40.418M
net cash used provided by financing activities-21.489M-180.53M-10.012M-83.645M-435.522M
effect of forex changes on cash00000
net change in cash-8.462M-97.419M83.771M13.702M-383.677M
cash at end of period32.469M40.931M138.35M54.579M40.877M
cash at beginning of period40.931M138.35M54.579M40.877M424.554M
operating cashflow13.926M12.412M17.412M12.268M8.908M
capital expenditure-5.435M-2.442M-3.228M-2.649M-4.068M
free cash flow8.491M9.97M14.184M9.619M4.84M
Graph

Frequently Asked Questions

How did Veris Residential, Inc. do last quarter? What was its Total Revenue and Cost of Revenue?

A company's Total Revenue reveals how much money it generates before any expenses or deductions are made. As a result, this metric informs investors/stakeholders how much money the business makes. Tracking and understanding it is essential for evaluating a company's growth. As opposed to revenue, Cost of Revenue is any expenses a business incur to generate revenue. There can be high revenue in a business, but if the costs are high, it won't make a profit and will go out of business when money runs out. Therefore, VRE generated $68.18M in revenue last quarter, while its costs came in at $45.78M.

Last quarter, how much Gross Profit did Veris Residential, Inc. report?

A business's Gross Profit is a key indicator of its profitability and financial performance. In other words, it reflects how efficiently a business uses labor, raw materials, and other resources. Veris Residential, Inc. reported a $22.40M Gross Profit for the quarter ended Sep 30, 2024.

Have VRE's Total Operating Expenses and Operating Income been favorable recently?

Operational Expenses represent the costs a company must incur to generate revenue, which is the ultimate goal of a business, whereas Operating Income shows the revenue left after operational direct and indirect costs have been deducted. VRE incurred $43.56M worth of Operating Expenses, while it generated $13.44M worth of Operating Income.

How much Net Income has VRE posted recently?

The Net Income of a company is one of the factors investors consider when investing in the company. According to recent earnings report from Veris Residential, Inc., the company generated -$9.76M in Net Income. When a company has a history of consistent net income, investors are more likely to invest in it since they know they will get a return.

At the end of the last quarter, how much Cash and Equivalents did Veris Residential, Inc. have?

The amount of Cash and Cash Equivalents is an effective indicator of the financial strength and well-being of a company. An excess cash situation occurs when a company has more cash and cash equivalents than it needs for operating activities. The amount of Cash and Cash Equivalents available to Veris Residential, Inc. as of the end of the last quarter was $12.78M.

What are VRE's Total Net Receivables for the last quarter?

Total Net Receivables are a company's outstanding debts to its customers. Therefore, it refers to the amount that a company expects to collect from its customers. The higher a company's net receivables are, the more confident it is that it can collect money from its debtors. As of the end of the last quarter, VRE had Total Net Receivables of $4.25M.

In terms of Total Assets and Current Assets, where did Veris Residential, Inc. stand at?

An asset with an economic value within a year is considered a current asset. Total assets, however, also include long-term fixed assets, intangible assets, and other non-current assets. The current Assets of VRE were $36.71M, while the Total Assets stand at $3.01B.

As of the last quarter, how much Total Debt did Veris Residential, Inc. have?

The total debt of a business refers to how much it borrows. A company's current and long-term liabilities are added together to calculate its Total Debt. A debt ratio may be taken into account on a balance sheet by financial lenders, investors, and business leaders when making informed decisions about future loans or investments. The total amount of VRE's debt was $1.68B at the end of the last quarter.

What were VRE's Total Liabilities during the last reported quarter?

A company's total liabilities are the sum of all debts it is liable for, including any off-balance shee liabilities it may incur. This can be calculated by adding up all short-term and long-term liabilities. In its last quarter, VRE reported total liabilities of $1.75B.

How much did VRE's Working Capital change over the last quarter?

Working Capital Change for VRE was -$6.50M over the last quarter. Working Capital Change refers to the difference between net working capital amounts at the end of one accounting period and the end of another. It tells investors/stakeholders how much the company's cash flow will differ from its Net Income (i.e., after-tax profits). More powerful companies often have positive Change in Working Capital numbers as they have increased control over collecting cash from customers and delaying payments to suppliers.

VRE generated how much cash from operating activities?

An operating cash flow statement usually contains cash from operating activities in the first section. An organization's cash from operating activities refers to the money it takes in and takes out as a result of its regular business operations. VRE generated $13.93M of Cash from Operating Activities during its recently reported quarter.

What was VRE's latest reported Net Change in Cash?

An increase or decrease in cash and cash equivalent balances within a specified period is considered the net change in cash in a cash flow statement. Furthermore, it takes into account cash changes as a result of investments, financing, and operating activities. VRE reported a -$8.46M Net Change in Cash in the most recent quarter.

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