Veris Residential (VRE) Revenue & Revenue Breakdown

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Veris Residential Revenue Highlights

Latest Revenue (Y)

$271.07M

Latest Revenue (Q)

$67.76M

Main Segment (Y)

Operating Leases

Veris Residential Revenue by Period

Veris Residential Revenue by Year

Date	Revenue	Change
2024-12-31	$271.07M	-3.14%
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 $271.07M in revenue during NA 2024, up -3.14% compared to the previous quarter, and up 77.24% compared to the same period a year ago.

Veris Residential Revenue by Quarter

Date	Revenue	Change
2025-03-31	$67.76M	-0.48%
2024-12-31	$68.08M	-0.13%
2024-09-30	$68.17M	1.04%
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 $67.76M in revenue during Q1 2025, up -0.48% compared to the previous quarter, and up 92.92% 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 24	Dec 23	Dec 22	Dec 21	Dec 20
Operating Leases	$245.69M	$252.14M	$284.06M	-	-
Real Estate, Other	$6.58M	$5.81M	$33.31M	-	-
Parking	$15.46M	$18.04M	$18.56M	$15.00M	$15.60M
Management Fees	$3.34M	-	-	-	-
Real Estate Services	-	$3.87M	$3.58M	$9.60M	$11.39M
Hotel	-	-	$15.51M	$10.62M	$4.29M
Real Estate Other	-	-	-	$11.31M	$9.31M

Veris Residential's latest annual revenue breakdown by segment (product or service), as of Dec 24: Operating Leases (90.64%), Parking (5.70%), Real Estate, Other (2.43%), and Management Fees (1.23%).

Quarterly Revenue by Product

Product/Service	Mar 25	Dec 24	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
Operating Leases	$61.97M	$122.55M	$62.23M	$60.92M	$66.34M	$64.21M	$61.91M	$59.68M	$73.47M	$77.77M	$68.49M	-	-	-	-	-	-	-	-	-
Management Fees	$718.00K	$2.54M	$794.00K	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Parking	$3.75M	$7.64M	$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
Real Estate, Other	$1.32M	$3.57M	$1.25M	$1.77M	$1.19M	$1.36M	$1.38M	$1.88M	$2.03M	$3.34M	$1.15M	-	-	-	-	-	-	-	-	-
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	-
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
Real Estate Other	-	-	-	-	-	-	-	-	-	-	-	$26.79M	$2.23M	$1.91M	$3.52M	$3.66M	$2.29M	$4.00M	$1.30M	$1.72M

Veris Residential's latest quarterly revenue breakdown by segment (product or service), as of Mar 25: Operating Leases (91.45%), Parking (5.53%), Real Estate, Other (1.95%), and Management Fees (1.06%).

Veris Residential Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
JBGS	JBG SMITH Properties	$547.31M	$136.03M
UE	Urban Edge Properties	$444.97M	$112.43M
VRE	Veris Residential	$271.07M	$67.76M
SITC	SITE Centers	$269.29M	$143.09M
NXRT	NexPoint Residential Trust	$259.70M	$64.09M

VRE Revenue FAQ

What is Veris Residential’s yearly revenue?

Veris Residential's yearly revenue for 2024 was $271.07M, representing a decrease of -3.14% compared to 2023. The company's yearly revenue for 2023 was $279.86M, representing a decrease of -21.17% compared to 2022. VRE's yearly revenue for 2022 was $355.02M, representing an increase of 7.80% compared to 2021.

What is Veris Residential’s quarterly revenue?

Veris Residential's quarterly revenue for Q1 2025 was $67.76M, a -0.48% decrease from the previous quarter (Q4 2024), and a 0.62% increase year-over-year (Q1 2024). The company's quarterly revenue for Q4 2024 was $68.08M, a -0.13% decrease from the previous quarter (Q3 2024), and a -6.63% decrease year-over-year (Q4 2023). VRE's quarterly revenue for Q3 2024 was $68.18M, a 1.04% increase from the previous quarter (Q2 2024), and a -4.63% decrease year-over-year (Q3 2023).

What is Veris Residential’s revenue growth rate?

Veris Residential's revenue growth rate for the last 3 years (2022-2024) was -23.64%, and for the last 5 years (2020-2024) was -13.55%.

What are Veris Residential’s revenue streams?

Veris Residential's revenue streams in c 24 are Operating Leases, Real Estate, Other, Parking, and Management Fees. Operating Leases generated $245.69M in revenue, accounting 90.64% of the company's total revenue, down -2.56% year-over-year. Real Estate, Other generated $6.58M in revenue, accounting 2.43% of the company's total revenue, up 13.29% year-over-year. Parking generated $15.46M in revenue, accounting 5.70% of the company's total revenue, down -14.27% year-over-year. Management Fees generated $3.34M in revenue, accounting 1.23% of the company's total revenue

What is Veris Residential’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Veris Residential was Operating Leases. This segment made a revenue of $245.69M, representing 90.64% of the company's total revenue.