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
DateValue
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