Veris Residential (FRA:WY4) Interest Expense : €-128.6 Mil (TTM As of Mar. 2024)

View and export this data going back to . Start your Free Trial

What is Veris Residential Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Veris Residential's interest expense for the three months ended in Mar. 2024 was € -19.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-128.6 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Veris Residential's Operating Income for the three months ended in Mar. 2024 was € 6.3 Mil. Veris Residential's Interest Expense for the three months ended in Mar. 2024 was € -19.8 Mil. Veris Residential's Interest Coverage for the quarter that ended in Mar. 2024 was 0.32. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Veris Residential Interest Expense Historical Data

The historical data trend for Veris Residential's Interest 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.

* Premium members only.

Veris Residential Interest Expense Chart

Veris Residential Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-81.51

-66.58

-42.04

-62.66

-127.59

Veris Residential Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-20.56	-32.38	-56.32	-20.11	-19.78

Veris Residential Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-128.6 Mil.

Veris Residential (FRA:WY4) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Veris Residential's Interest Expense for the three months ended in Mar. 2024 was €-19.8 Mil. Its Operating Income for the three months ended in Mar. 2024 was €6.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €1,704.9 Mil.

Veris Residential's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	6.325	/	-19.78
	=	0.32

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Veris Residential Incs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Veris Residential (FRA:WY4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Veris Residential Inc (FRA:WY4) » Definitions » Interest Expense

Comparable Companies

ELME AIV UMH CSR NXRT BRT FREVS BHM CLPR IRT AVB EQR INVH ESS MAA SUI AMH UDR ELS CPT

Traded in Other Exchanges

VRE:USA

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.

Veris Residential (FRA:WY4) Headlines

No Headlines