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
DateValue
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