VRE (Veris Residential) Accounts Payable & Accrued Expense : $57.8 Mil (As of Sep. 2024)

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What is Veris Residential Accounts Payable & Accrued Expense?

Veris Residential's quarterly accounts payable & accrued expense declined from Mar. 2024 ($66.0 Mil) to Jun. 2024 ($59.3 Mil) and declined from Jun. 2024 ($59.3 Mil) to Sep. 2024 ($57.8 Mil).

Veris Residential's annual accounts payable & accrued expense declined from Dec. 2021 ($141.1 Mil) to Dec. 2022 ($79.3 Mil) and declined from Dec. 2022 ($79.3 Mil) to Dec. 2023 ($67.6 Mil).

Veris Residential Accounts Payable & Accrued Expense Historical Data

The historical data trend for Veris Residential's Accounts Payable & Accrued Expense 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.

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Veris Residential Accounts Payable & Accrued Expense Chart

Veris Residential Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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241.96

206.21

141.12

79.28

67.61

Veris Residential Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															69.80	67.61	65.97	59.33	57.79

Veris Residential Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

Veris Residential Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Veris Residential Inc (NYSE:VRE) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

N/A

Address

Harborside 3, 210 Hudson Street, Suite 400, Jersey City, NJ, USA, 07311

Website

https://www.verisresidential.com

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