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 $ -21.5 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-138.6 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 $ 6.9 Mil. Veris Residential's Interest Expense for the
three
months ended in Mar. 2024 was $ -21.5 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 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 $-138.6 Mil.
* 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.
Veris Residential (NYSE:VRE) Interest Expense Explanation
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. The higher, the better.
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 $-21.5 Mil. Its
Operating Income
for the
three
months ended in Mar. 2024 was $6.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Mar. 2024 was $1,853.1 Mil.
Veris Residential's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as
* 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.
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 (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
| 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 |
| Mahbod Nia |
director |
C/O COLONY NORTHSTAR, INC., 590 MADISON AVENUE, 34TH 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 |
| Tammy Jones |
director |
MONOGRAM RESIDENTIAL TRUST,INC., 5800 GRANITE PARKWAY, SUITE 1000, PLANO TX 75024 |
| Howard Steven Stern |
director |
11601 WILSHIRE BLVD 4TH FLOOR, LOS ANGELES CA 90025 |
| 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 |
| Lisa Feinman Myers |
director |
HARBORSIDE 3, 210 HUDSON ST., SUITE 400, JERSEY CITY NJ 07311 |
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