Short answer
Veris Residential, Inc. (VRE) filed its Q1 2026 10-Q quarterly report on Apr 22, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $70M (up 3.5% year over year) with net income of −$14M.
Q1 2026 key financials · XBRL
- Revenue
- $70M
- +3.5% YoY
- Net income
- −$14M
- −30.9% YoY
- EPS (diluted)
- −$0.15
- −25.0% YoY
Source: XBRL data from the Veris Residential, Inc. (VRE) Q1 2026 10-Q on SEC EDGAR. USD.
Veris Residential, Inc. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Rental revenue $69.6M, up 3.8% YoY from $67.0M, driven by lease revenue growth
- Lease revenue $64.6M, up 4.2% YoY; parking income $3.5M, down 7.7%
- Operating margin 3.0% vs 8.2% YoY; net loss $15.6M vs $13.7M
- Cash, equivalents and restricted cash $23.1M, down $6.3M; operating cash flow $14.0M
- $95.6M debt repayments and $8.5M dividends, partly offset by $99.0M revolving-credit borrowings; merger restrictions limit dividends and capital spending
Risk Factors
- New merger-completion risk triggered by February 23, 2026 Agreement and Plan of Merger
- Merger approval risk: majority stockholder vote and other closing conditions may not be satisfied
- Legal risk: threatened stockholder lawsuits could delay or block the Merger through injunctions
- Strategic risk: completed Merger would eliminate stockholders’ participation in future company value appreciation
- Market risk: real estate values, interest rates, operating costs, and capital expenditures remain highly uncertain valuation drivers
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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