Veris Residential (VRE) Land & Improvements (2010 - 2023)

Veris Residential's (VRE) quarterly Land & Improvements came in at $70.7 million in Q3 2023, up 419.85% year-on-year from $13.6 million in Q3 2022, and up 514.78% quarter-over-quarter from $11.5 million in Q2 2023.

Veris Residential (VRE) Land & Improvements (2010 - 2023) Analysis & Trends

Veris Residential has disclosed Land & Improvements across 14 years of filings, most recently posting $70.7 million for Q3 2023.

  • Land & Improvements for Q3 2023 came in at $70.7 million, up 419.85% year-over-year; the trailing twelve-month figure through Sep 2023 was $70.7 million (up 419.85% YoY), and the FY2022 annual result was $13.6 million, down 80.23% from the prior year.
  • Land & Improvements came in at $70.7 million for Q3 2023 at Veris Residential, up from $11.5 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 Q1 2020.
  • The 5-year median for Land & Improvements is $70.7 million (2023), against an average of $55.2 million.
  • Across the five-year window, Land & Improvements tumbled 99.54% in 2020 and surged 14780.0% in 2021, its largest moves.
  • Veris Residential's Land & Improvements stood at $96.6 million in 2019, then decreased by 22.46% to $74.9 million in 2020, then retreated by 8.14% to $68.8 million in 2021, then tumbled by 80.23% to $13.6 million in 2022, then surged by 419.85% to $70.7 million in 2023.
  • The last three Land & Improvements figures came in at $70.7 million (Q3 2023), $11.5 million (Q2 2023), and $2.2 million (Q1 2023), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Land & Improvements (Qtr)
1 Avalonbay Communities 24.79 Bn 25.01 Bn - 4.99 Bn
2 Equity Residential 24.35 Bn 24.48 Bn - 5.56 Bn
3 Invitation Homes 17.23 Bn 17.27 Bn 694.98 Mn 4.96 Bn
4 Mid America Apartment Communities 15.51 Bn 15.59 Bn 537.05 Mn 2.13 Bn
5 Sun Communities 14.54 Bn 14.65 Bn 491.20 Mn 3.49 Bn
6 American Homes 4 Rent 13.37 Bn 13.94 Bn - -
7 Udr 12.30 Bn 12.30 Bn 416.43 Mn -
8 Equity Lifestyle Properties 12.06 Bn 12.12 Bn 393.79 Mn 4.83 Bn
9 Camden Property Trust 11.45 Bn 11.53 Bn - 1.78 Bn
10 Veris Residential 1.94 Bn 1.94 Bn 67.22 Mn -

Historic Data

Download Data
DateValue
Sep 30, 2023 70.70 Mn
Jun 30, 2023 11.50 Mn
Mar 31, 2023 2.20 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 84.00 Mn
Jun 30, 2020 500,000.00
Mar 31, 2020 500,000.00
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