Veris Residential (FRA:WY4) Long-Term Capital Lease Obligation : €0.0 Mil (As of Mar. 2024)

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What is Veris Residential Long-Term Capital Lease Obligation?

Veris Residential's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0.0 Mil.

Veris Residential Long-Term Capital Lease Obligation Historical Data

The historical data trend for Veris Residential's Long-Term Capital Lease Obligation 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 Long-Term Capital Lease Obligation Chart

Veris Residential Annual Data

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Long-Term Capital Lease Obligation

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Veris Residential Quarterly Data
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Veris Residential (FRA:WY4) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Veris Residential Long-Term Capital Lease Obligation Related Terms

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Veris Residential (FRA:WY4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Veris Residential Inc (FRA:WY4) » Definitions » Long-Term Capital Lease Obligation

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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.

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