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VRE (Veris Residential) Gross-Profit-to-Asset % : 5.77% (As of Sep. 2024)


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What is Veris Residential Gross-Profit-to-Asset %?

Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. Veris Residential's annualized Gross Profit for the quarter that ended in Sep. 2024 was $174.2 Mil. Veris Residential's average Total Assets over the quarter that ended in Sep. 2024 was $3,021.9 Mil. Therefore, Veris Residential's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2024 was 5.77%.


Veris Residential Gross-Profit-to-Asset % Historical Data

The historical data trend for Veris Residential's Gross-Profit-to-Asset % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Veris Residential Gross-Profit-to-Asset % Chart

Veris Residential Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross-Profit-to-Asset %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.02 3.30 2.05 2.89 4.38

Veris Residential Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Gross-Profit-to-Asset % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.28 5.09 4.72 5.01 5.77

Competitive Comparison of Veris Residential's Gross-Profit-to-Asset %

For the REIT - Residential subindustry, Veris Residential's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Veris Residential's Gross-Profit-to-Asset % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Veris Residential's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Veris Residential's Gross-Profit-to-Asset % falls into.



Veris Residential Gross-Profit-to-Asset % Calculation

Veris Residential's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=157.014/( (3920.768+3241.046)/ 2 )
=157.014/3580.907
=4.38 %

Veris Residential's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2024 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=174.224/( (3037.925+3005.84)/ 2 )
=174.224/3021.8825
=5.77 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Gross Profit data used here is four times the quarterly (Sep. 2024) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.


Veris Residential Gross-Profit-to-Asset % Related Terms

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Veris Residential Business Description

Traded in Other Exchanges
N/A
Address
Harborside 3, 210 Hudson Street, Suite 400, Jersey City, NJ, USA, 07311
Veris Residential Inc is a fully-integrated, self-administered and self-managed real estate investment trust (REIT). The company owns and operates a real estate portfolio comprised predominantly of multifamily rental properties located mainly in the Northeast and Class A office properties. The company performs substantially all real estate management, leasing, acquisition and development on an in-house basis. The properties are in three states in the Northeast, plus the District of Columbia. The company operates in two industry segments multifamily real estate & services and commercial & other real estate. The majority of revenue is from Multifamily real estate services.
Executives
Mahbod Nia director C/O COLONY NORTHSTAR, INC., 590 MADISON AVENUE, 34TH FLOOR, NEW YORK NY 10022
Nori Gerardo Lietz director HARBORSIDE 3, 210 HUDSON ST., SUITE 400, JERSEY CITY NJ 07311
A. Akiva Katz director C/O MACK-CALI REALTY CORP, HARBORSIDE 3, 210 HUDSON ST., SUITE 400, JERSEY CITY NJ 07311
Stephanie L. Williams director C/O VERIS RESIDENTIAL, INC., 210 HUDSON STREET, SUITE 400, JERSEY CITY NJ 07311
Ronald Dickerman director 410 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10022
Taryn D. Fielder officer: EVP, General Counsel & Sec. 1775 EYE STREET, N.W., SUITE 1000, WASHINGTON DC 20006
Jeffrey Scott Turkanis officer: EVP & Chief Investment Officer 12 RICHARD ROAD, MARBLEHEAD MA 01945
Amanda Lombard officer: Chief Accounting Officer 500 FIFTH AVENUE, SUITE 1530, NEW YORK NY 10110
Anna Malhari officer: EVP & Chief Operating Officer HARBORSIDE 3, 210 HUDSON ST., SUITE 400, JERSEY CITY NJ 07311
Victor B Macfarlane director 151 EXECUTIVE PARK BLVD, BUILDING 2, SAN FRANCISCO CA 94134
Michael B Berman director C/O GENERAL GROWTH PROPERTIES, 110 NORTH WACKER DRIVE, CHICAGO IL 60606
Howard Steven Stern director 11601 WILSHIRE BLVD 4TH FLOOR, LOS ANGELES CA 90025
Tammy Jones director MONOGRAM RESIDENTIAL TRUST,INC., 5800 GRANITE PARKWAY, SUITE 1000, PLANO TX 75024
Deidre Crockett officer: EVP, Chief Admin. Officer HARBORSIDE 3, 210 HUDSON ST., SUITE 400, JERSEY CITY NJ 07311
Alan R Batkin director 399 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10022