Veris Residential Inc
NYSE:VRE
Veris Residential Inc
Pre-Tax Income
Veris Residential Inc
Pre-Tax Income Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
| Company | Pre-Tax Income | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
|---|---|---|---|---|---|---|
|
|
Veris Residential Inc
NYSE:VRE
|
Pre-Tax Income
-$30.7m
|
CAGR 3-Years
41%
|
CAGR 5-Years
N/A
|
CAGR 10-Years
N/A
|
|
|
Boston Properties Inc
NYSE:BXP
|
Pre-Tax Income
$84.2m
|
CAGR 3-Years
-49%
|
CAGR 5-Years
-34%
|
CAGR 10-Years
-17%
|
|
|
Alexandria Real Estate Equities Inc
NYSE:ARE
|
Pre-Tax Income
$510.7m
|
CAGR 3-Years
-8%
|
CAGR 5-Years
5%
|
CAGR 10-Years
18%
|
|
|
Vornado Realty Trust
NYSE:VNO
|
Pre-Tax Income
$42.8m
|
CAGR 3-Years
-40%
|
CAGR 5-Years
-58%
|
CAGR 10-Years
-21%
|
|
|
Cousins Properties Inc
NYSE:CUZ
|
Pre-Tax Income
$49.4m
|
CAGR 3-Years
-43%
|
CAGR 5-Years
-19%
|
CAGR 10-Years
9%
|
|
|
COPT Defense Properties
NYSE:CDP
|
Pre-Tax Income
$144.2m
|
CAGR 3-Years
23%
|
CAGR 5-Years
-6%
|
CAGR 10-Years
15%
|
|
Veris Residential Inc
Glance View
Veris Residential Inc., previously known as Mack-Cali Realty Corporation, has undergone a significant transformation from its initial focus on commercial office spaces to establishing a strong presence in the multifamily residential sector. Headquartered in Jersey City, New Jersey, this real estate investment trust (REIT) strategically pivoted amid evolving market dynamics, shifting its portfolio from predominantly office-centric properties to upscale residential communities. This transition was driven by the increasing demand for high-quality living spaces, especially in metropolitan areas where urban dwellers seek modern amenities and convenient access to city centers. Veris Residential specializes in acquiring, developing, and managing these residential properties, leveraging its expertise to enhance property value and boost occupancy rates. The company's revenue stream primarily stems from rental income, generated by leasing its apartments and commercial spaces within mixed-use developments. By creating communities that align with tenants' lifestyle preferences, Veris appeals to a diverse demographic that is willing to pay a premium for sustainability, prime locations, and cutting-edge facilities. This strategy not only augments rental yields but also builds long-term asset value, ensuring stable cash flows and reinforcing the company's position in the competitive real estate market. Through adept management and strategic repositioning, Veris Residential continues to capitalize on market trends and optimize its portfolio to ensure sustained growth and profitability.
See Also
What is Veris Residential Inc's Pre-Tax Income?
Pre-Tax Income
-30.7m
USD
Based on the financial report for Dec 31, 2024, Veris Residential Inc's Pre-Tax Income amounts to -30.7m USD.
What is Veris Residential Inc's Pre-Tax Income growth rate?
Pre-Tax Income CAGR 3Y
41%
Over the last year, the Pre-Tax Income growth was 75%. The average annual Pre-Tax Income growth rates for Veris Residential Inc have been 41% over the past three years .
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