Veris Residential (VRE) Net Income - Minority (2021 - 2024)
Veris Residential's (VRE) quarterly Net Income - Minority came in at -$140.0 million in Q1 2024, up 11.09% year-on-year from -$126.0 million in Q2 2023, and up 1.47% quarter-over-quarter from -$142.1 million in Q4 2023.
Veris Residential (VRE) Net Income - Minority (2021 - 2024) Analysis & Trends
Veris Residential has disclosed Net Income - Minority across 4 years of filings, most recently posting -$140.0 million for Q1 2024.
- Net Income - Minority for Q1 2024 came in at -$140.0 million, up 11.09% year-over-year; the trailing twelve-month figure through Mar 2024 was -$140.0 million (up 11.09% YoY), and the FY2024 annual result was -$540000.0, up 99.62% from the prior year.
- Net Income - Minority came in at -$140.0 million for Q1 2024 at Veris Residential, up from -$142.1 million in the prior quarter.
- In the past five years, Net Income - Minority ranged from a high of -$140.0 million in Q1 2024 to a low of -$170.9 million in Q2 2022.
- The 4-year median for Net Income - Minority is -$157.4 million (2023), against an average of -$155.2 million.
- Across the five-year window, Net Income - Minority increased 2.26% in 2022 and rose 13.18% in 2023, its largest moves.
- Veris Residential's Net Income - Minority stood at -$167.4 million in 2021, then gained by 2.26% to -$163.7 million in 2022, then grew by 13.18% to -$142.1 million in 2023, then increased by 1.47% to -$140.0 million in 2024.
- The last three Net Income - Minority figures came in at -$140.0 million (Q1 2024), -$142.1 million (Q4 2023), and -$143.5 million (Q3 2023), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income - Minority (Qtr) |
|---|---|---|---|---|---|
| 1 | Avalonbay Communities | 24.79 Bn | 25.01 Bn | - | - |
| 2 | Equity Residential | 24.35 Bn | 24.48 Bn | - | - |
| 3 | Invitation Homes | 17.23 Bn | 17.27 Bn | 694.98 Mn | - |
| 4 | Mid America Apartment Communities | 15.51 Bn | 15.59 Bn | 537.05 Mn | - |
| 5 | Sun Communities | 14.54 Bn | 14.65 Bn | 491.20 Mn | - |
| 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 | - |
| 9 | Camden Property Trust | 11.45 Bn | 11.53 Bn | - | - |
| 10 | Veris Residential | 1.94 Bn | 1.94 Bn | 67.22 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | -139.99 Mn |
| Dec 31, 2023 | -142.08 Mn |
| Sep 30, 2023 | -143.46 Mn |
| Jun 30, 2023 | -151.07 Mn |
| Mar 31, 2023 | -157.44 Mn |
| Dec 31, 2022 | -163.65 Mn |
| Sep 30, 2022 | -160.48 Mn |
| Jun 30, 2022 | -170.89 Mn |
| Dec 31, 2021 | -167.44 Mn |