2023 Q2 Form 10-Q Financial Statement

#000092490123000016 Filed on April 26, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $68.73M $66.93M $99.10M
YoY Change -13.9% -32.47% 30.23%
Cost Of Revenue $28.67M $2.689M $3.933M
YoY Change 724.62% -31.63% -3.89%
Gross Profit $40.06M $64.24M $95.17M
YoY Change -47.53% -32.5% 32.17%
Gross Profit Margin 58.28% 95.98% 96.03%
Selling, General & Admin $9.582M $10.29M $19.47M
YoY Change -17.27% -47.18% 39.21%
% of Gross Profit 23.92% 16.01% 20.46%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $23.42M $23.85M $26.43M
YoY Change -14.36% -9.75% -2.52%
% of Gross Profit 58.46% 37.13% 27.77%
Operating Expenses $33.27M $34.16M $45.59M
YoY Change -15.39% -25.07% 8.14%
Operating Profit $6.791M $30.07M $49.57M
YoY Change -81.66% -39.34% 66.14%
Interest Expense -$15.07M $22.01M $15.03M
YoY Change -185.08% 46.52% -14.68%
% of Operating Profit -221.84% 73.2% 30.31%
Other Income/Expense, Net -$12.54M $1.998M $0.00
YoY Change
Pretax Income -$26.79M -$19.39M -$5.272M
YoY Change -170.04% 267.87% -73.93%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$27.43M -$19.97M -$9.092M
YoY Change -204.02% 119.68% -219.27%
Net Earnings / Revenue -39.92% -29.84% -9.17%
Basic Earnings Per Share -$0.30 -$0.27 -$0.13
Diluted Earnings Per Share -$0.29 -$0.27 -$0.13
COMMON SHARES
Basic Shares Outstanding 91.68M shares 91.16M shares 90.95M
Diluted Shares Outstanding 100.9M shares 100.5M shares 99.93M

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $396.9M $37.49M $26.14M
YoY Change 1265.32% 43.42% -90.01%
Cash & Equivalents $396.9M $37.49M $26.14M
Short-Term Investments
Other Short-Term Assets $37.51M $38.91M $36.45M
YoY Change -72.35% 6.74% 7.62%
Inventory
Prepaid Expenses
Receivables $12.31M $45.51M $55.39M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $446.8M $121.9M $118.0M
YoY Change 103.64% 3.33% -69.19%
LONG-TERM ASSETS
Property, Plant & Equipment $3.161B $3.488B $3.918B
YoY Change -18.31% -10.96% -12.22%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $122.4M $124.2M $135.1M
YoY Change -7.8% -8.07% -15.54%
Other Assets $31.79M $54.21M $74.90M
YoY Change -58.08% -27.63% -4.57%
Total Long-Term Assets $3.326B $3.679B $4.142B
YoY Change -18.71% -11.18% -13.3%
TOTAL ASSETS
Total Short-Term Assets $446.8M $121.9M $118.0M
Total Long-Term Assets $3.326B $3.679B $4.142B
Total Assets $3.773B $3.801B $4.260B
YoY Change -12.48% -10.78% -17.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $45.64M $53.09M $87.08M
YoY Change -31.18% -39.03% -46.34%
Accrued Expenses $14.56M $9.986M $8.082M
YoY Change 78.53% 23.56% -78.75%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $60.27M $63.19M $95.29M
YoY Change -19.19% -33.69% -52.78%
LONG-TERM LIABILITIES
Long-Term Debt $1.821B $1.820B $2.187B
YoY Change -18.25% -16.76% -22.5%
Other Long-Term Liabilities $15.71M $22.80M $24.28M
YoY Change -38.2% -6.1% -23.69%
Total Long-Term Liabilities $1.837B $1.843B $2.211B
YoY Change -18.47% -16.64% -22.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $60.27M $63.19M $95.29M
Total Long-Term Liabilities $1.837B $1.843B $2.211B
Total Liabilities $2.576B $1.906B $2.307B
YoY Change 10.67% -17.34% -24.51%
SHAREHOLDERS EQUITY
Retained Earnings -$1.349B -$1.321B -$1.258B
YoY Change 9.48% 5.0% 12.09%
Common Stock $918.0K $915.0K $909.0K
YoY Change 0.77% 0.66% 0.22%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.197B $1.217B $1.276B
YoY Change
Total Liabilities & Shareholders Equity $3.773B $3.801B $4.260B
YoY Change -12.48% -10.78% -17.45%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income -$27.43M -$19.97M -$9.092M
YoY Change -204.02% 119.68% -219.27%
Depreciation, Depletion And Amortization $23.42M $23.85M $26.43M
YoY Change -14.36% -9.75% -2.52%
Cash From Operating Activities $12.27M $12.10M $31.50M
YoY Change -13.67% -61.6% 20.44%
INVESTING ACTIVITIES
Capital Expenditures $5.680M $5.714M -$46.75M
YoY Change -112.97% -112.22% -37.08%
Acquisitions $0.00 $5.000M
YoY Change -100.0%
Other Investing Activities $368.1M $94.95M $239.8M
YoY Change 6246.17% -60.4% -9.26%
Cash From Investing Activities $362.4M $89.24M $193.1M
YoY Change -1054.16% -53.78% 1.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.442M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -7.240M -$91.85M -228.7M
YoY Change -124.21% -59.84% -1991.5%
NET CHANGE
Cash From Operating Activities 12.27M $12.10M 31.50M
Cash From Investing Activities 362.4M $89.24M 193.1M
Cash From Financing Activities -7.240M -$91.85M -228.7M
Net Change In Cash 367.4M $9.480M -4.164M
YoY Change 5886.07% -327.67% -101.82%
FREE CASH FLOW
Cash From Operating Activities $12.27M $12.10M $31.50M
Capital Expenditures $5.680M $5.714M -$46.75M
Free Cash Flow $6.587M $6.383M $78.25M
YoY Change -88.64% -91.84% -22.1%

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CY2022Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
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CY2023Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2022Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2022Q1 us-gaap Earnings Per Share Diluted
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CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2023Q1 us-gaap Profit Loss
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CY2022Q1 us-gaap Profit Loss
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CY2023Q1 us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease After Adjustments And Tax
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CY2022Q1 us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease After Adjustments And Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax
2182000 usd
CY2023Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2022Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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CY2023Q1 vre Comprehensive Income Loss Net Of Tax Attributable To Noncontrolling Interest Joint Venture Partners Nonredeemable
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CY2022Q1 vre Comprehensive Income Loss Net Of Tax Attributable To Noncontrolling Interest Joint Venture Partners Nonredeemable
ComprehensiveIncomeLossNetOfTaxAttributableToNoncontrollingInterestJointVenturePartnersNonredeemable
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CY2023Q1 vre Comprehensive Income Loss Net Of Tax Attributable To Redeemable Noncontrolling Interest
ComprehensiveIncomeLossNetOfTaxAttributableToRedeemableNoncontrollingInterest
6366000 usd
CY2022Q1 vre Comprehensive Income Loss Net Of Tax Attributable To Redeemable Noncontrolling Interest
ComprehensiveIncomeLossNetOfTaxAttributableToRedeemableNoncontrollingInterest
6437000 usd
CY2023Q1 vre Comprehensive Income Loss Net Of Tax Attributable To Noncontrolling Interest Operating Partnerships Nonredeemable
ComprehensiveIncomeLossNetOfTaxAttributableToNoncontrollingInterestOperatingPartnershipsNonredeemable
-2123000 usd
CY2022Q1 vre Comprehensive Income Loss Net Of Tax Attributable To Noncontrolling Interest Operating Partnerships Nonredeemable
ComprehensiveIncomeLossNetOfTaxAttributableToNoncontrollingInterestOperatingPartnershipsNonredeemable
-702000 usd
CY2023Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2022Q1 us-gaap Comprehensive Income Net Of Tax
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CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023Q1 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
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CY2023Q1 vre Redeemable Noncontrolling Interest Redemption Value Adjustment
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CY2023Q1 vre Noncontrolling Interest Increase Decrease In Joint Venture
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CY2023Q1 vre Redemption Of Common Units For Common Stock
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CY2023Q1 vre Redemption Of Common Units
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CY2023Q1 vre Stock Issued During Period Value Dividend Reinvestment Plan And Stock Purchase Plan Net Of Adjustments
StockIssuedDuringPeriodValueDividendReinvestmentPlanAndStockPurchasePlanNetOfAdjustments
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CY2023Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
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CY2023Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
3864000 usd
CY2023Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
247000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2023Q1 vre Noncontrolling Interest Increase Decrease From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseDecreaseFromSubsidiaryEquityIssuance
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CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1449418000 usd
CY2022Q1 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
-4527000 usd
CY2022Q1 vre Noncontrolling Interest Increase From Distributions To Noncontrolling Interest Holders
NoncontrollingInterestIncreaseFromDistributionsToNoncontrollingInterestHolders
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CY2022Q1 vre Redeemable Noncontrolling Interest Redemption Value Adjustment
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CY2022Q1 vre Noncontrolling Interest Increase Decrease In Joint Venture
NoncontrollingInterestIncreaseDecreaseInJointVenture
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CY2022Q1 vre Redemption Of Common Units
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1442000 usd
CY2022Q1 vre Stock Issued During Period Value Dividend Reinvestment Plan And Stock Purchase Plan Net Of Adjustments
StockIssuedDuringPeriodValueDividendReinvestmentPlanAndStockPurchasePlanNetOfAdjustments
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CY2022Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
110000 usd
CY2022Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
4490000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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2182000 usd
CY2022Q1 vre Noncontrolling Interest Increase Decrease From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseDecreaseFromSubsidiaryEquityIssuance
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CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2023Q1 us-gaap Profit Loss
ProfitLoss
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CY2022Q1 us-gaap Profit Loss
ProfitLoss
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CY2023Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
3164000 usd
CY2022Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
20926000 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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CY2022Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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CY2023Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
23853000 usd
CY2022Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
18849000 usd
CY2023Q1 vre Amortization Of Deferred Stock Units
AmortizationOfDeferredStockUnits
110000 usd
CY2022Q1 vre Amortization Of Deferred Stock Units
AmortizationOfDeferredStockUnits
110000 usd
CY2023Q1 vre Amortization Of Share Based Compensation
AmortizationOfShareBasedCompensation
3864000 usd
CY2022Q1 vre Amortization Of Share Based Compensation
AmortizationOfShareBasedCompensation
4490000 usd
CY2023Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1187000 usd
CY2022Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1177000 usd
CY2023Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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CY2022Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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CY2023Q1 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
0 usd
CY2022Q1 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
13000 usd
CY2023Q1 vre Gain Loss On Sale Of Realized And Unrealized Property Plant Equipment
GainLossOnSaleOfRealizedAndUnrealizedPropertyPlantEquipment
-22000 usd
CY2022Q1 vre Gain Loss On Sale Of Realized And Unrealized Property Plant Equipment
GainLossOnSaleOfRealizedAndUnrealizedPropertyPlantEquipment
2623000 usd
CY2023Q1 vre Impairment Of Land And Other Including Continued And Discontinued Operations
ImpairmentOfLandAndOtherIncludingContinuedAndDiscontinuedOperations
3396000 usd
CY2022Q1 vre Impairment Of Land And Other Including Continued And Discontinued Operations
ImpairmentOfLandAndOtherIncludingContinuedAndDiscontinuedOperations
2932000 usd
CY2023Q1 vre Gain Loss On Insurance Proceeds
GainLossOnInsuranceProceeds
1998000 usd
CY2022Q1 vre Gain Loss On Insurance Proceeds
GainLossOnInsuranceProceeds
0 usd
CY2023Q1 vre Increase Decrease In Unbilled Rent Receivables
IncreaseDecreaseInUnbilledRentReceivables
142000 usd
CY2022Q1 vre Increase Decrease In Unbilled Rent Receivables
IncreaseDecreaseInUnbilledRentReceivables
-2030000 usd
CY2023Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-2717000 usd
CY2022Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
3390000 usd
CY2023Q1 us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
-291000 usd
CY2022Q1 us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
-84000 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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CY2022Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
2166000 usd
CY2023Q1 vre Increase Decrease In Rents Received In Advance And Security Deposits
IncreaseDecreaseInRentsReceivedInAdvanceAndSecurityDeposits
322000 usd
CY2022Q1 vre Increase Decrease In Rents Received In Advance And Security Deposits
IncreaseDecreaseInRentsReceivedInAdvanceAndSecurityDeposits
834000 usd
CY2023Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
281000 usd
CY2022Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
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CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
8321000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
1605000 usd
CY2023Q1 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
3776000 usd
CY2022Q1 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
29896000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
12097000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
31501000 usd
CY2023Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
CY2022Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
5000000 usd
CY2023Q1 us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
2786000 usd
CY2022Q1 us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
5395000 usd
CY2023Q1 vre Payments To Develop Property And Other Related Costs
PaymentsToDevelopPropertyAndOtherRelatedCosts
2928000 usd
CY2022Q1 vre Payments To Develop Property And Other Related Costs
PaymentsToDevelopPropertyAndOtherRelatedCosts
21152000 usd
CY2023Q1 us-gaap Proceeds From Sale Of Buildings
ProceedsFromSaleOfBuildings
6364000 usd
CY2022Q1 us-gaap Proceeds From Sale Of Buildings
ProceedsFromSaleOfBuildings
28596000 usd
CY2023Q1 us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
769000 usd
CY2022Q1 us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
709000 usd
CY2023Q1 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
2939000 usd
CY2022Q1 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
0 usd
CY2023Q1 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
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CY2022Q1 us-gaap Payments To Acquire Interest In Joint Venture
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CY2023Q1 vre Distributions In Excess Of Cumulative Earnings From Jvs
DistributionsInExcessOfCumulativeEarningsFromJvs
1915000 usd
CY2022Q1 vre Distributions In Excess Of Cumulative Earnings From Jvs
DistributionsInExcessOfCumulativeEarningsFromJvs
2227000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
6230000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
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CY2023Q1 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
83006000 usd
CY2022Q1 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
193070000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
89236000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
193055000 usd
CY2023Q1 us-gaap Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
16000000 usd
CY2022Q1 us-gaap Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
18000000 usd
CY2023Q1 us-gaap Repayments Of Lines Of Credit
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16000000 usd
CY2022Q1 us-gaap Repayments Of Lines Of Credit
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88000000 usd
CY2023Q1 vre Proceeds From Mortgages And Loans Payable
ProceedsFromMortgagesAndLoansPayable
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CY2022Q1 vre Proceeds From Mortgages And Loans Payable
ProceedsFromMortgagesAndLoansPayable
16479000 usd
CY2023Q1 vre Repayment Of Mortgages Loans Payable And Other Obligations
RepaymentOfMortgagesLoansPayableAndOtherObligations
84128000 usd
CY2022Q1 vre Repayment Of Mortgages Loans Payable And Other Obligations
RepaymentOfMortgagesLoansPayableAndOtherObligations
150122000 usd
CY2023Q1 vre Proceeds From Issuance Of Redeemable Noncontrolling Interests
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CY2022Q1 vre Proceeds From Issuance Of Redeemable Noncontrolling Interests
ProceedsFromIssuanceOfRedeemableNoncontrollingInterests
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CY2023Q1 us-gaap Proceeds From Payments For Deposits Applied To Debt Retirements
ProceedsFromPaymentsForDepositsAppliedToDebtRetirements
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CY2022Q1 us-gaap Proceeds From Payments For Deposits Applied To Debt Retirements
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CY2023Q1 us-gaap Payments For Repurchase Of Common Stock
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0 usd
CY2022Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1442000 usd
CY2023Q1 us-gaap Payments Of Financing Costs
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1359000 usd
CY2022Q1 us-gaap Payments Of Financing Costs
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0 usd
CY2023Q1 us-gaap Proceeds From Payments To Minority Shareholders
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0 usd
CY2022Q1 us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
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CY2023Q1 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
6366000 usd
CY2022Q1 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
6471000 usd
CY2023Q1 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
0 usd
CY2022Q1 us-gaap Payments Of Capital Distribution
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35000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
9480000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
47649000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
51455000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
57129000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
47291000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
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CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
19701000 usd
CY2023Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
19642000 usd
CY2022Q1 us-gaap Restricted Cash And Cash Equivalents
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CY2023Q1 vre General Partner Ownership Percentage
GeneralPartnerOwnershipPercentage
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CY2022Q4 vre General Partner Ownership Percentage
GeneralPartnerOwnershipPercentage
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CY2023Q1 vre Consolidated Joint Ventures Real Estate Assets
ConsolidatedJointVenturesRealEstateAssets
457000000 usd
CY2022Q4 vre Consolidated Joint Ventures Real Estate Assets
ConsolidatedJointVenturesRealEstateAssets
468100000 usd
CY2023Q1 vre Consolidated Joint Ventures Other Assets
ConsolidatedJointVenturesOtherAssets
6000000 usd
CY2022Q4 vre Consolidated Joint Ventures Other Assets
ConsolidatedJointVenturesOtherAssets
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CY2023Q1 vre Consolidated Joint Ventures Mortgages
ConsolidatedJointVenturesMortgages
285500000 usd
CY2022Q4 vre Consolidated Joint Ventures Mortgages
ConsolidatedJointVenturesMortgages
285500000 usd
CY2023Q1 vre Consolidated Joint Ventures Other Liabilities
ConsolidatedJointVenturesOtherLiabilities
16200000 usd
CY2022Q4 vre Consolidated Joint Ventures Other Liabilities
ConsolidatedJointVenturesOtherLiabilities
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CY2023Q1 vre Capitalized Development Construction Salaries And Other Related Expenses
CapitalizedDevelopmentConstructionSalariesAndOtherRelatedExpenses
100000 usd
CY2022Q1 vre Capitalized Development Construction Salaries And Other Related Expenses
CapitalizedDevelopmentConstructionSalariesAndOtherRelatedExpenses
400000 usd
CY2023Q1 us-gaap Land And Land Improvements
LandAndLandImprovements
254460000 usd
CY2022Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
264934000 usd
CY2023Q1 vre Development And Construction In Progress Including Land
DevelopmentAndConstructionInProgressIncludingLand
203095000 usd
CY2022Q4 vre Development And Construction In Progress Including Land
DevelopmentAndConstructionInProgressIncludingLand
205173000 usd
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
457555000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
470107000 usd
CY2023Q1 vre Maximum Period After Cessation Of Major Construction Activity That Projects Are Considered Complete
MaximumPeriodAfterCessationOfMajorConstructionActivityThatProjectsAreConsideredComplete
P1Y
CY2023Q1 vre Disposal Group Including Discontinued Operation Deposits Received
DisposalGroupIncludingDiscontinuedOperationDepositsReceived
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CY2022Q4 vre Disposal Group Including Discontinued Operation Deposits Received
DisposalGroupIncludingDiscontinuedOperationDepositsReceived
1100000 usd
CY2023Q1 vre Investments In Equity Method Joint Ventures
InvestmentsInEquityMethodJointVentures
124200000 usd
CY2023Q1 vre Management Leasing Development And Other Services Fees
ManagementLeasingDevelopmentAndOtherServicesFees
900000 usd
CY2022Q1 vre Management Leasing Development And Other Services Fees
ManagementLeasingDevelopmentAndOtherServicesFees
900000 usd
CY2023Q1 us-gaap Due From Joint Ventures
DueFromJointVentures
300000 usd
CY2022Q4 us-gaap Due From Joint Ventures
DueFromJointVentures
200000 usd
CY2023Q1 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
124218000 usd
CY2022Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
126158000 usd
CY2023Q1 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
586708000 usd
CY2023Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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CY2022Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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CY2023Q1 vre Equity Method Investment Amortization Of Basis Difference
EquityMethodInvestmentAmortizationOfBasisDifference
154000 usd
CY2022Q1 vre Equity Method Investment Amortization Of Basis Difference
EquityMethodInvestmentAmortizationOfBasisDifference
154000 usd
CY2023Q1 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
54674000 usd
CY2022Q4 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
59651000 usd
CY2023Q1 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
6684000 usd
CY2022Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
6684000 usd
CY2023Q1 vre Deferred Costs Gross
DeferredCostsGross
61358000 usd
CY2022Q4 vre Deferred Costs Gross
DeferredCostsGross
66335000 usd
CY2023Q1 vre Accumulated Amortization Leasing And Financing Costs
AccumulatedAmortizationLeasingAndFinancingCosts
26792000 usd
CY2022Q4 vre Accumulated Amortization Leasing And Financing Costs
AccumulatedAmortizationLeasingAndFinancingCosts
30471000 usd
CY2023Q1 us-gaap Deferred Costs
DeferredCosts
34566000 usd
CY2022Q4 us-gaap Deferred Costs
DeferredCosts
35864000 usd
CY2023Q1 us-gaap Notes Receivable Net
NotesReceivableNet
561000 usd
CY2022Q4 us-gaap Notes Receivable Net
NotesReceivableNet
1309000 usd
CY2023Q1 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
11462000 usd
CY2022Q4 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
12298000 usd
CY2023Q1 vre Assets Right Of Use
AssetsRightOfUse
2896000 usd
CY2022Q4 vre Assets Right Of Use
AssetsRightOfUse
2896000 usd
CY2023Q1 us-gaap Prepaid Expense And Other Assets
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CY2023Q1 us-gaap Assets
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CY2022Q1 us-gaap Net Income Loss
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