Pretax income is the income that a company earns before paying income taxes. Veris Residential's pretax income for the
three
months ended in Mar. 2024 was $-6.2 Mil.
Its pretax income for the trailing twelve months (TTM) ended in Mar. 2024 was $-143.7 Mil.
Veris Residential's pretax margin was -9.22%.
During the past 13 years, Veris Residential's highest Pretax Margin was 70.79%. The lowest was -80.80%. And the median was -7.29%.
Veris Residential Pre-Tax Income Historical Data
The historical data trend for Veris Residential's Pre-Tax Income 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.
Competitive Comparison of Veris Residential's Pre-Tax Income
For the REIT - Residential subindustry, Veris Residential's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Veris Residential's Pre-Tax Income Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Veris Residential's Pre-Tax Income distribution charts can be found below:
* The bar in red indicates where Veris Residential's Pre-Tax Income falls into.
Veris Residential Pre-Tax Income Calculation
This is the income that a company earns before paying income taxes.
Veris Residential's Pretax Income for the fiscal year that ended in Dec. 2023 is calculated as
Pre-Tax Income 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 $-143.7 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) Pre-Tax Income Explanation
Veris Residential's Pretax Margin for the quarter that ended in Mar. 2024 is calculated as
During the past 13 years, Veris Residential's highest Pretax Margin was 70.79%. The lowest was -80.80%. And the median was -7.29%.
* 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 Pre-Tax Income Related Terms
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Veris Residential (Veris Residential) Business Description
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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