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| Date | Value |
|---|---|
| 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 |