Veris Residential (VRE) Operating Income (2009 - 2026)

Veris Residential's (VRE) quarterly Operating Income came in at $56.6 million in Q1 2026, up 4.83% year-on-year from $54.0 million in Q1 2025, and down 74.24% quarter-over-quarter from $219.6 million in Q4 2025.

Veris Residential (VRE) Operating Income (2009 - 2026) Analysis & Trends

Veris Residential has disclosed Operating Income across 18 years of filings, most recently posting $56.6 million for Q1 2026.

  • Operating Income for Q1 2026 came in at $56.6 million, up 4.83% year-over-year; the trailing twelve-month figure through Mar 2026 was $332.9 million (up 173.89% YoY), and the FY2025 annual result was $231.2 million, up 794.49% from the prior year.
  • Operating Income came in at $56.6 million for Q1 2026 at Veris Residential, down from $219.6 million in the prior quarter.
  • In the past five years, Operating Income ranged from a high of $219.6 million in Q4 2025 to a low of -$18.6 million in Q1 2022.
  • The 5-year median for Operating Income is $5.9 million (2024), against an average of $30.6 million.
  • Across the five-year window, Operating Income plunged 252.33% in 2022 and jumped 5900.99% in 2024, its largest moves.
  • Veris Residential's Operating Income stood at -$1.5 million in 2022, then fell by 18.93% to -$1.8 million in 2023, then surged by 425.93% to $5.9 million in 2024, then soared by 3649.22% to $219.6 million in 2025, then slumped by 74.24% to $56.6 million in 2026.
  • The last three Operating Income figures came in at $56.6 million (Q1 2026), $219.6 million (Q4 2025), and $58.2 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (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 40.27 Mn
4 Mid America Apartment Communities 15.51 Bn 15.59 Bn 537.05 Mn 331.31 Mn
5 Sun Communities 14.54 Bn 14.65 Bn 491.20 Mn 6.80 Mn
6 American Homes 4 Rent 13.37 Bn 13.94 Bn - -
7 Udr 12.30 Bn 12.30 Bn 416.43 Mn 229.81 Mn
8 Equity Lifestyle Properties 12.06 Bn 12.12 Bn 393.79 Mn 112.37 Mn
9 Camden Property Trust 11.45 Bn 11.53 Bn - -
10 Veris Residential 1.94 Bn 1.94 Bn 67.22 Mn 56.56 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 56.56 Mn
Dec 31, 2025 219.59 Mn
Sep 30, 2025 58.25 Mn
Jun 30, 2025 -1.47 Mn
Mar 31, 2025 53.96 Mn
Dec 31, 2024 5.86 Mn
Sep 30, 2024 8.69 Mn
Jun 30, 2024 53.05 Mn
Mar 31, 2024 52.50 Mn
Dec 31, 2023 -1.80 Mn
Sep 30, 2023 -2.72 Mn
Jun 30, 2023 3.04 Mn
Mar 31, 2023 -905,000.00
Dec 31, 2022 -1.51 Mn
Sep 30, 2022 47.18 Mn
Jun 30, 2022 -11.70 Mn
Mar 31, 2022 -18.55 Mn
Dec 31, 2021 -114.71 Mn
Sep 30, 2021 61.48 Mn
Jun 30, 2021 57.59 Mn