Veris Residential (VRE) Land & Improvements (2010 - 2023)
Veris Residential (VRE) reported Land & Improvements of $11.5 million for Q3 2023, down 15.44% on a YoY basis from $13.6 million in Q3 2022, and down 81.89% sequentially from $63.5 million in Q2 2023.
Veris Residential (VRE) Land & Improvements (2010 - 2023) Analysis & Trends
Veris Residential (VRE) has 14 years of Land & Improvements data on file, last reported at $11.5 million in Q3 2023.
- For the quarter ending Q3 2023, Land & Improvements fell 15.44% year-over-year to $11.5 million; the trailing twelve-month figure through Sep 2023 stood at $11.5 million (down 15.44% YoY), and the FY2022 full-year result was $13.6 million, down 80.23% from the prior year.
- Land & Improvements declined to $11.5 million in Q3 2023, from $63.5 million in the prior quarter.
- In the past five years, Land & Improvements ranged from a high of $108.8 million in Q2 2019 to a low of $500000.0 in Q2 2020.
- A 5-year average of $58.2 million and a median of $68.8 million in 2021 frame the typical range for Land & Improvements.
- Across the five-year window, Land & Improvements sank 99.54% in 2020 and soared 14760.0% in 2021, its largest moves.
- Tracing VRE's Land & Improvements over 5 years: stood at $96.6 million in 2019, then retreated by 22.46% to $74.9 million in 2020, then fell by 8.14% to $68.8 million in 2021, then plunged by 80.23% to $13.6 million in 2022, then dropped by 15.44% to $11.5 million in 2023.
- Business Quant data shows VRE's Land & Improvements at $11.5 million in Q3 2023, $63.5 million in Q2 2023, and $64.6 million in Q1 2023.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Land & Improvements (Qtr) |
|---|---|---|---|---|---|
| 1 | Avalonbay Communities | 26.63 Bn | 26.85 Bn | - | 4.99 Bn |
| 2 | Equity Residential | 25.81 Bn | 26.00 Bn | - | 5.56 Bn |
| 3 | Invitation Homes | 17.83 Bn | 17.87 Bn | 694.98 Mn | 4.96 Bn |
| 4 | Mid America Apartment Communities | 15.53 Bn | 15.53 Bn | 537.05 Mn | 2.13 Bn |
| 5 | Sun Communities | 14.72 Bn | 14.83 Bn | 491.20 Mn | 3.49 Bn |
| 6 | Udr | 12.95 Bn | 12.92 Bn | 416.43 Mn | - |
| 7 | Equity Lifestyle Properties | 12.81 Bn | 12.87 Bn | 378.95 Mn | 4.83 Bn |
| 8 | American Homes 4 Rent | 12.07 Bn | 12.74 Bn | - | 2.42 Bn |
| 9 | Camden Property Trust | 11.83 Bn | 11.90 Bn | - | 1.78 Bn |
| 10 | Veris Residential | 1.78 Bn | 1.77 Bn | 67.22 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2023 | 11.50 Mn |
| Jun 30, 2023 | 63.50 Mn |
| Mar 31, 2023 | 64.60 Mn |
| Dec 31, 2022 | 13.60 Mn |
| Sep 30, 2022 | 13.60 Mn |
| Jun 30, 2022 | 68.80 Mn |
| Mar 31, 2022 | 92.70 Mn |
| Dec 31, 2021 | 68.80 Mn |
| Sep 30, 2021 | 71.50 Mn |
| Jun 30, 2021 | 74.30 Mn |
| Mar 31, 2021 | 74.40 Mn |
| Dec 31, 2020 | 74.90 Mn |
| Sep 30, 2020 | 500,000.00 |
| Jun 30, 2020 | 500,000.00 |
| Mar 31, 2020 | 85.50 Mn |
| Dec 31, 2019 | 96.60 Mn |
| Sep 30, 2019 | 71.20 Mn |
| Jun 30, 2019 | 108.80 Mn |
| Mar 31, 2019 | 49.60 Mn |
| Dec 31, 2018 | 49.60 Mn |