VRE Veris Residential, Inc.

Overview and Growth

Veris Residential, Inc. generated $288.43M of revenue in fiscal 2025, with net income of $75.24M and an operating cash inflow of $75.97M. At $288.43M, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Revenue was 6.4% above fiscal 2024 revenue of $271.07M, marking a year-over-year increase. The company reported diluted EPS of $0.80, adding a shareholder-level measure to the absolute income figures considered below. The diluted weighted-average share count was 102.36M, linking total earnings with the per-share result received by shareholders. Compared with 101.38M diluted shares in fiscal 2024, the current 102.36M base was 1.0% higher. The company employed $2.71B of total assets, the balance-sheet base supporting its current operating and cash-flow results. Asset turnover was 0.11x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

After reported cost of revenue, the company retained $279.14M as gross profit before recognizing operating expenses and other items. The gross-profit relationship equaled 96.8% of revenue, quantifying the portion retained before operating expenses were recognized. After all reported below-operating-line items, the company recorded net income of $75.24M for the fiscal year. Net margin was 26.1%, meaning that this portion of revenue remained as net income after all recognized expenses. The earnings statement records $75.06M of pretax income, the profit base against which the reported tax provision can be assessed. Pretax income represented 26.0% of revenue, placing earnings before tax in the context of the company’s operating scale. The company recognized $231.00K of income tax for the period, completing the transition from pretax income to net income. The effective relationship between income tax and positive pretax income was 0.3%, without assuming a statutory-rate comparison. Net income equaled 5.9% of period-end equity, showing the earnings generated on shareholders’ book capital. Return on period-end assets was 2.8%, connecting net income with the company’s total asset base. The company moved from a $23.12M net loss in fiscal 2024 to net income of $75.24M.

Liquidity and Capital Structure

The company held $2.71B of assets against $1.43B of liabilities and $1.27B of equity, revealing how the asset base was financed. Cash and equivalents totaled $14.13M, identifying the most liquid reported component available within the broader current-asset balance. The company carried $1.36B of total debt at period end, which frames its leverage and debt-service burden. Debt equaled 1.08x of book equity, describing the relative scale of borrowing and shareholder capital. Relative to total assets, debt measured 50.3%, showing how much of the asset base was matched by borrowing. Equity equaled 46.8% of assets, showing the shareholder-capital layer within the company’s balance sheet. Relative to total assets, liabilities measured 52.9%, complementing the separate equity-based view of the company’s capital structure. Cash and equivalents equaled 0.5% of total assets, showing the liquid cash component within the company’s broader resource base. Compared with $2.98B in fiscal 2024, the current asset base moved 9.2% and finished lower. Against $1.23B of equity in fiscal 2024, the current book-equity balance moved 2.6% and ended higher. Cash and equivalents were 94.8% higher than fiscal 2024 cash of $7.25M, showing the year-over-year change in liquid resources.

Cash Flow and Earnings Quality

Cash flow from operations was $75.97M, a reported cash inflow that can be compared directly with net income and capital spending. Against net income, operating cash flow measured 1.01x, showing the relationship between accrual earnings and operating cash. Compared with $52.33M in fiscal 2024, current operating cash flow of $75.97M was above the prior result.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Sep 24, 2026.