Veris Residential (VRE) Operating Expenses (2009 - 2026)
Veris Residential's (VRE) quarterly Operating Expenses came in at $10.7 million in Q1 2026, down 3.01% year-on-year from $11.0 million in Q1 2025, and up 107.09% quarter-over-quarter from -$150.3 million in Q4 2025.
Veris Residential (VRE) Operating Expenses (2009 - 2026) Analysis & Trends
Veris Residential has disclosed Operating Expenses across 18 years of filings, most recently posting $10.7 million for Q1 2026.
- Operating Expenses for Q1 2026 came in at $10.7 million, down 3.01% year-over-year; the trailing twelve-month figure through Mar 2026 was -$51.5 million (down 136.47% YoY), and the FY2025 annual result was $48.0 million, down 79.77% from the prior year.
- Operating Expenses came in at $10.7 million for Q1 2026 at Veris Residential, up from -$150.3 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $75.3 million in Q2 2025 to a low of -$150.3 million in Q4 2025.
- The 5-year median for Operating Expenses is $57.4 million (2024), against an average of $32.1 million.
- Peak annual rise in Operating Expenses reached 496.26% in 2025, while the deepest fall reached 349.34% in 2025.
- Veris Residential's Operating Expenses stood at $48.3 million in 2022, then surged by 38.63% to $67.0 million in 2023, then declined by 10.01% to $60.3 million in 2024, then slumped by 349.34% to -$150.3 million in 2025, then surged by 107.09% to $10.7 million in 2026.
- The last three Operating Expenses figures came in at $10.7 million (Q1 2026), -$150.3 million (Q4 2025), and $12.8 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Avalonbay Communities | 26.07 Bn | 26.30 Bn | - | 623.23 Mn |
| 2 | Equity Residential | 25.74 Bn | 25.88 Bn | - | -1.66 Bn |
| 3 | Invitation Homes | 18.06 Bn | 18.09 Bn | 694.98 Mn | 654.71 Mn |
| 4 | Mid America Apartment Communities | 16.23 Bn | 16.31 Bn | 537.05 Mn | 205.74 Mn |
| 5 | Sun Communities | 15.28 Bn | 15.39 Bn | 491.20 Mn | 484.40 Mn |
| 6 | American Homes 4 Rent | 14.08 Bn | 14.65 Bn | - | 384.36 Mn |
| 7 | Udr | 12.84 Bn | 12.84 Bn | 416.43 Mn | 353.46 Mn |
| 8 | Equity Lifestyle Properties | 12.25 Bn | 12.31 Bn | 393.79 Mn | 285.25 Mn |
| 9 | Camden Property Trust | 12.08 Bn | 12.15 Bn | - | 140.07 Mn |
| 10 | Veris Residential | 1.94 Bn | 1.94 Bn | 67.22 Mn | 10.66 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 10.66 Mn |
| Dec 31, 2025 | -150.28 Mn |
| Sep 30, 2025 | 12.81 Mn |
| Jun 30, 2025 | 75.30 Mn |
| Mar 31, 2025 | 10.99 Mn |
| Dec 31, 2024 | 60.27 Mn |
| Sep 30, 2024 | 57.35 Mn |
| Jun 30, 2024 | 12.63 Mn |
| Mar 31, 2024 | 12.57 Mn |
| Dec 31, 2023 | 66.98 Mn |
| Sep 30, 2023 | 67.15 Mn |
| Jun 30, 2023 | 59.40 Mn |
| Mar 31, 2023 | 61.44 Mn |
| Dec 31, 2022 | 48.31 Mn |
| Sep 30, 2022 | 13.47 Mn |
| Jun 30, 2022 | 63.61 Mn |
| Mar 31, 2022 | 62.31 Mn |
| Dec 31, 2021 | 205.45 Mn |
| Sep 30, 2021 | 17.14 Mn |
| Jun 30, 2021 | 18.94 Mn |