2024 Q1 Form 10-K Financial Statement

#000092490124000006 Filed on February 21, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $67.34M $72.92M $279.9M
YoY Change 0.62% -15.41% -21.17%
Cost Of Revenue $29.26M $34.06M $9.922M
YoY Change 988.14% -24.02% -30.83%
Gross Profit $38.08M $38.85M $269.9M
YoY Change -40.72% -6.09% -20.76%
Gross Profit Margin 56.55% 53.29% 96.45%
Selling, General & Admin $11.09M $9.985M $44.47M
YoY Change 7.8% -18.49% -20.82%
% of Gross Profit 29.12% 25.7% 16.47%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $20.11M $23.05M $93.54M
YoY Change -15.7% -19.55% -16.02%
% of Gross Profit 52.81% 59.33% 34.65%
Operating Expenses $31.21M $33.03M $138.1M
YoY Change -8.66% -19.35% -17.67%
Operating Profit $6.875M $5.823M $131.9M
YoY Change -77.14% 1296.4% -23.77%
Interest Expense -$20.71M -$21.44M $89.36M
YoY Change -194.07% -9.59% 14.5%
% of Operating Profit -301.21% -368.23% 67.76%
Other Income/Expense, Net $255.0K $77.00K $2.871M
YoY Change -87.24%
Pretax Income -$6.210M -$49.38M -$156.7M
YoY Change -67.98% -223.95% 359.04%
Income Tax $59.00K $199.0K $492.0K
% Of Pretax Income
Net Earnings -$3.903M -$5.051M -$107.3M
YoY Change -80.46% -115.99% 106.02%
Net Earnings / Revenue -5.8% -6.93% -38.33%
Basic Earnings Per Share -$0.04 -$1.22
Diluted Earnings Per Share -$0.06 -$0.05 -$1.22
COMMON SHARES
Basic Shares Outstanding 92.23M shares 92.22M shares 91.88M shares
Diluted Shares Outstanding 101.0M shares 100.8M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $112.7M $28.01M $28.01M
YoY Change 200.64% 4.57% 4.57%
Cash & Equivalents $112.7M $28.01M $28.01M
Short-Term Investments
Other Short-Term Assets $28.24M $33.70M $33.70M
YoY Change -27.41% -23.06% -23.06%
Inventory
Prepaid Expenses
Receivables $3.213M $8.242M $8.242M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $144.2M $69.95M $69.95M
YoY Change 18.25% -38.23% -38.23%
LONG-TERM ASSETS
Property, Plant & Equipment $2.912B $3.012B $3.012B
YoY Change -16.51% -16.58% -16.58%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $118.8M $118.0M $118.0M
YoY Change -4.34% -6.5% -6.5%
Other Assets $27.59M $30.60M $30.60M
YoY Change -49.1% -46.05% -46.05%
Total Long-Term Assets $3.069B $3.171B $3.171B
YoY Change -16.58% -16.72% -16.72%
TOTAL ASSETS
Total Short-Term Assets $144.2M $69.95M $69.95M
Total Long-Term Assets $3.069B $3.171B $3.171B
Total Assets $3.213B $3.241B $3.241B
YoY Change -15.47% -17.34% -17.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $47.84M $49.29M $49.29M
YoY Change -9.89% -28.71% -28.71%
Accrued Expenses $12.49M $12.78M $12.78M
YoY Change 25.04% 27.41% 27.41%
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 $65.97M $67.61M $67.61M
YoY Change 4.4% -14.72% -14.72%
LONG-TERM LIABILITIES
Long-Term Debt $1.853B $1.854B $1.854B
YoY Change 1.79% -2.63% -2.63%
Other Long-Term Liabilities $12.23M $14.99M $14.99M
YoY Change -46.33% -34.68% -34.68%
Total Long-Term Liabilities $1.865B $1.869B $1.869B
YoY Change 1.2% -3.01% -3.01%
TOTAL LIABILITIES
Total Short-Term Liabilities $65.97M $67.61M $67.61M
Total Long-Term Liabilities $1.865B $1.869B $1.869B
Total Liabilities $2.081B $1.936B $2.104B
YoY Change 9.13% -3.47% -21.66%
SHAREHOLDERS EQUITY
Retained Earnings -$1.427B -$1.418B
YoY Change 8.01% 8.98%
Common Stock $924.0K $922.0K
YoY Change 0.98% 1.21%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.132B $1.137B $1.137B
YoY Change
Total Liabilities & Shareholders Equity $3.213B $3.241B $3.241B
YoY Change -15.47% -17.34% -17.34%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$3.903M -$5.051M -$107.3M
YoY Change -80.46% -115.99% 106.02%
Depreciation, Depletion And Amortization $20.11M $23.05M $93.54M
YoY Change -15.7% -19.55% -16.02%
Cash From Operating Activities $15.71M $12.27M $45.54M
YoY Change 29.87% -549.38% -31.47%
INVESTING ACTIVITIES
Capital Expenditures $5.557M $4.085M $20.86M
YoY Change -2.75% -76.94% -91.83%
Acquisitions
YoY Change
Other Investing Activities $99.33M $89.16M -$1.030M
YoY Change 4.61% -30.11% -100.22%
Cash From Investing Activities $93.77M $85.08M $579.7M
YoY Change 5.08% -22.56% 163.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $142.0K
YoY Change -94.73%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -25.71M -83.64M -$618.3M
YoY Change -72.01% -32.3% 112.94%
NET CHANGE
Cash From Operating Activities 15.71M 12.27M $45.54M
Cash From Investing Activities 93.77M 85.08M $579.7M
Cash From Financing Activities -25.71M -83.64M -$618.3M
Net Change In Cash 83.77M 13.70M $6.930M
YoY Change 783.66% -183.5% -282.08%
FREE CASH FLOW
Cash From Operating Activities $15.71M $12.27M $45.54M
Capital Expenditures $5.557M $4.085M $20.86M
Free Cash Flow $10.15M $8.183M $24.68M
YoY Change 59.06% -140.02% -113.08%

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PaymentsToAcquireOtherProductiveAssets
12464000 usd
CY2022 us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
16784000 usd
CY2021 us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
41632000 usd
CY2023 vre Payments To Develop Property And Other Related Costs
PaymentsToDevelopPropertyAndOtherRelatedCosts
8395000 usd
CY2022 vre Payments To Develop Property And Other Related Costs
PaymentsToDevelopPropertyAndOtherRelatedCosts
45817000 usd
CY2021 vre Payments To Develop Property And Other Related Costs
PaymentsToDevelopPropertyAndOtherRelatedCosts
154926000 usd
CY2023 us-gaap Proceeds From Sale Of Buildings
ProceedsFromSaleOfBuildings
23035000 usd
CY2022 us-gaap Proceeds From Sale Of Buildings
ProceedsFromSaleOfBuildings
153015000 usd
CY2021 us-gaap Proceeds From Sale Of Buildings
ProceedsFromSaleOfBuildings
52391000 usd
CY2023 us-gaap Proceeds From Divestiture Of Interest In Joint Venture
ProceedsFromDivestitureOfInterestInJointVenture
0 usd
CY2022 us-gaap Proceeds From Divestiture Of Interest In Joint Venture
ProceedsFromDivestitureOfInterestInJointVenture
0 usd
CY2021 us-gaap Proceeds From Divestiture Of Interest In Joint Venture
ProceedsFromDivestitureOfInterestInJointVenture
3865000 usd
CY2023 us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
1303000 usd
CY2022 us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
2926000 usd
CY2021 us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
7257000 usd
CY2023 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
762000 usd
CY2022 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
162000 usd
CY2021 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
1280000 usd
CY2023 vre Distributions In Excess Of Cumulative Earnings From Jvs
DistributionsInExcessOfCumulativeEarningsFromJvs
12068000 usd
CY2022 vre Distributions In Excess Of Cumulative Earnings From Jvs
DistributionsInExcessOfCumulativeEarningsFromJvs
13132000 usd
CY2021 vre Distributions In Excess Of Cumulative Earnings From Jvs
DistributionsInExcessOfCumulativeEarningsFromJvs
15703000 usd
CY2023 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
3812000 usd
CY2022 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
0 usd
CY2021 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
0 usd
CY2023 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1030000 usd
CY2022 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 usd
CY2021 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
19627000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-24190000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-118622000 usd
CY2023 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
560023000 usd
CY2022 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
244278000 usd
CY2021 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
564851000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
579650000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
220088000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
446229000 usd
CY2023 us-gaap Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
81000000 usd
CY2022 us-gaap Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
102000000 usd
CY2021 us-gaap Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
196000000 usd
CY2023 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
81000000 usd
CY2022 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
250000000 usd
CY2021 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
73000000 usd
CY2023 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
115000000 usd
CY2022 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0 usd
CY2021 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
150000000 usd
CY2023 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
115000000 usd
CY2022 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
0 usd
CY2021 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
150000000 usd
CY2023 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
0 usd
CY2022 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
0 usd
CY2021 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
573727000 usd
CY2023 vre Proceeds From Mortgages And Loans Payable
ProceedsFromMortgagesAndLoansPayable
399561000 usd
CY2022 vre Proceeds From Mortgages And Loans Payable
ProceedsFromMortgagesAndLoansPayable
154720000 usd
CY2021 vre Proceeds From Mortgages And Loans Payable
ProceedsFromMortgagesAndLoansPayable
226422000 usd
CY2023 vre Repayment Of Mortgages Loans Payable And Other Obligations
RepaymentOfMortgagesLoansPayableAndOtherObligations
442066000 usd
CY2022 vre Repayment Of Mortgages Loans Payable And Other Obligations
RepaymentOfMortgagesLoansPayableAndOtherObligations
245522000 usd
CY2021 vre Repayment Of Mortgages Loans Payable And Other Obligations
RepaymentOfMortgagesLoansPayableAndOtherObligations
192995000 usd
CY2023 vre Proceeds From Issuance Of Redeemable Noncontrolling Interests
ProceedsFromIssuanceOfRedeemableNoncontrollingInterests
-535488000 usd
CY2022 vre Proceeds From Issuance Of Redeemable Noncontrolling Interests
ProceedsFromIssuanceOfRedeemableNoncontrollingInterests
-12000000 usd
CY2021 vre Proceeds From Issuance Of Redeemable Noncontrolling Interests
ProceedsFromIssuanceOfRedeemableNoncontrollingInterests
0 usd
CY2023 us-gaap Proceeds From Payments For Deposits Applied To Debt Retirements
ProceedsFromPaymentsForDepositsAppliedToDebtRetirements
-255000 usd
CY2022 us-gaap Proceeds From Payments For Deposits Applied To Debt Retirements
ProceedsFromPaymentsForDepositsAppliedToDebtRetirements
-5140000 usd
CY2021 us-gaap Proceeds From Payments For Deposits Applied To Debt Retirements
ProceedsFromPaymentsForDepositsAppliedToDebtRetirements
-49874000 usd
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
142000 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2692000 usd
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
898000 usd
CY2023 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
16158000 usd
CY2022 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
6037000 usd
CY2021 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
8874000 usd
CY2023 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
84000 usd
CY2022 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
24000 usd
CY2021 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
207000 usd
CY2023 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
409000 usd
CY2022 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 usd
CY2021 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 usd
CY2023 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
17121000 usd
CY2022 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
25640000 usd
CY2021 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
25977000 usd
CY2023 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
5123000 usd
CY2023 vre Proceeds Costs From Issuance Of Stock Net
ProceedsCostsFromIssuanceOfStockNet
-540000 usd
CY2022 vre Proceeds Costs From Issuance Of Stock Net
ProceedsCostsFromIssuanceOfStockNet
0 usd
CY2021 vre Proceeds Costs From Issuance Of Stock Net
ProceedsCostsFromIssuanceOfStockNet
0 usd
CY2023 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-603000 usd
CY2022 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 usd
CY2021 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-618260000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-290348000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-503191000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
6930000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-3806000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-847000 usd
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
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
52302000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
54579000 usd
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
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
20867000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
19701000 usd
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
14207000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
26572000 usd
CY2023 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
-540000 usd
CY2023 vre Redemption Of Common Units For Common Stock
RedemptionOfCommonUnitsForCommonStock
0 usd
CY2023Q4 vre General Partner Ownership Percentage
GeneralPartnerOwnershipPercentage
0.914
CY2022Q4 vre General Partner Ownership Percentage
GeneralPartnerOwnershipPercentage
0.907
CY2023Q4 vre Consolidated Joint Ventures Real Estate Assets
ConsolidatedJointVenturesRealEstateAssets
449800000 usd
CY2022Q4 vre Consolidated Joint Ventures Real Estate Assets
ConsolidatedJointVenturesRealEstateAssets
468100000 usd
CY2023Q4 vre Consolidated Joint Ventures Other Assets
ConsolidatedJointVenturesOtherAssets
6700000 usd
CY2022Q4 vre Consolidated Joint Ventures Other Assets
ConsolidatedJointVenturesOtherAssets
6000000 usd
CY2023Q4 vre Consolidated Joint Ventures Mortgages
ConsolidatedJointVenturesMortgages
285200000 usd
CY2022Q4 vre Consolidated Joint Ventures Mortgages
ConsolidatedJointVenturesMortgages
285500000 usd
CY2023Q4 vre Consolidated Joint Ventures Other Liabilities
ConsolidatedJointVenturesOtherLiabilities
14700000 usd
CY2022Q4 vre Consolidated Joint Ventures Other Liabilities
ConsolidatedJointVenturesOtherLiabilities
17300000 usd
CY2022 vre Capitalized Development Construction Salaries And Other Related Expenses
CapitalizedDevelopmentConstructionSalariesAndOtherRelatedExpenses
1500000 usd
CY2021 vre Capitalized Development Construction Salaries And Other Related Expenses
CapitalizedDevelopmentConstructionSalariesAndOtherRelatedExpenses
2400000 usd
CY2023 vre Maximum Period After Cessation Of Major Construction Activity That Projects Are Considered Complete
MaximumPeriodAfterCessationOfMajorConstructionActivityThatProjectsAreConsideredComplete
P1Y
CY2023Q4 vre Threshold Of Investment Value For Discontinuation Of Equity Method Accounting
ThresholdOfInvestmentValueForDiscontinuationOfEquityMethodAccounting
0 usd
CY2023 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4400000 usd
CY2022 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4800000 usd
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4600000 usd
CY2023 vre Gains Losses On Extinguishment Of Debt Including Discontinued Operations
GainsLossesOnExtinguishmentOfDebtIncludingDiscontinuedOperations
5600000 usd
CY2022 vre Gains Losses On Extinguishment Of Debt Including Discontinued Operations
GainsLossesOnExtinguishmentOfDebtIncludingDiscontinuedOperations
7400000 usd
CY2021 vre Gains Losses On Extinguishment Of Debt Including Discontinued Operations
GainsLossesOnExtinguishmentOfDebtIncludingDiscontinuedOperations
47100000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
2900000 usd
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
2900000 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
31100000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
30700000 usd
CY2023 vre Tax Cuts And Jobs Act Measurement Period Adjustment Income Tax Expense Benefit
TaxCutsAndJobsActMeasurementPeriodAdjustmentIncomeTaxExpenseBenefit
0 usd
CY2023Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.0525
CY2023Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
5500000 usd
CY2023Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.0525
CY2023Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.05
CY2023Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.05
CY2023 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.05
CY2023 vre Common Stock Dividends Cash Paid Return Of Capital Percentage
CommonStockDividendsCashPaidReturnOfCapitalPercentage
1
CY2023 us-gaap Restricted Stock Expense
RestrictedStockExpense
19900000 usd
CY2022 us-gaap Restricted Stock Expense
RestrictedStockExpense
13800000 usd
CY2021 us-gaap Restricted Stock Expense
RestrictedStockExpense
10800000 usd
CY2022 vre Number Of Apartment Units Acquired
NumberOfApartmentUnitsAcquired
240 apartmentunit
CY2022 us-gaap Asset Acquisition Consideration Transferred Transaction Cost
AssetAcquisitionConsiderationTransferredTransactionCost
130308000 usd
CY2022 vre Number Of Units In Real Estate Property In Service
NumberOfUnitsInRealEstatePropertyInService
750 apartmentunit
CY2022 vre Real Estate In Service Development Costs
RealEstateInServiceDevelopmentCosts
485587000 usd
CY2021 vre Number Of Units In Real Estate Property In Service
NumberOfUnitsInRealEstatePropertyInService
506 apartmentunit
CY2021 vre Real Estate In Service Development Costs
RealEstateInServiceDevelopmentCosts
265902000 usd
CY2023Q4 us-gaap Land Available For Sale
LandAvailableForSale
59464000 usd
CY2022Q4 us-gaap Land Available For Sale
LandAvailableForSale
92843000 usd
CY2023Q4 vre Buildings And Improvements Available For Sale
BuildingsAndImprovementsAvailableForSale
9688000 usd
CY2022Q4 vre Buildings And Improvements Available For Sale
BuildingsAndImprovementsAvailableForSale
142554000 usd
CY2023Q4 vre Rental Property Held For Sale Accumulated Depreciation
RentalPropertyHeldForSaleAccumulatedDepreciation
0 usd
CY2022Q4 vre Rental Property Held For Sale Accumulated Depreciation
RentalPropertyHeldForSaleAccumulatedDepreciation
28924000 usd
CY2023Q4 vre Cumulative Unrealized Loss On Real Estate Held For Sale
CumulativeUnrealizedLossOnRealEstateHeldForSale
10544000 usd
CY2022Q4 vre Cumulative Unrealized Loss On Real Estate Held For Sale
CumulativeUnrealizedLossOnRealEstateHeldForSale
12540000 usd
CY2023Q4 vre Rental Property Held For Sale Net
RentalPropertyHeldForSaleNet
58608000 usd
CY2022Q4 vre Rental Property Held For Sale Net
RentalPropertyHeldForSaleNet
193933000 usd
CY2023Q4 vre Investments In Equity Method Joint Ventures
InvestmentsInEquityMethodJointVentures
118000000 usd
CY2023 vre Management Leasing Development And Other Services Fees
ManagementLeasingDevelopmentAndOtherServicesFees
3900000 usd
CY2022 vre Management Leasing Development And Other Services Fees
ManagementLeasingDevelopmentAndOtherServicesFees
3600000 usd
CY2021 vre Management Leasing Development And Other Services Fees
ManagementLeasingDevelopmentAndOtherServicesFees
3400000 usd
CY2023 vre Equity Method Investment Amortization Of Basis Difference
EquityMethodInvestmentAmortizationOfBasisDifference
618000 usd
CY2022 vre Equity Method Investment Amortization Of Basis Difference
EquityMethodInvestmentAmortizationOfBasisDifference
154000 usd
CY2021 vre Equity Method Investment Amortization Of Basis Difference
EquityMethodInvestmentAmortizationOfBasisDifference
138000 usd
CY2023Q4 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
8324000 usd
CY2022Q4 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
59651000 usd
CY2023Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
771000 usd
CY2022Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
6684000 usd
CY2023Q4 vre Deferred Costs Gross
DeferredCostsGross
9095000 usd
CY2022Q4 vre Deferred Costs Gross
DeferredCostsGross
66335000 usd
CY2023Q4 vre Accumulated Amortization Leasing And Financing Costs
AccumulatedAmortizationLeasingAndFinancingCosts
5063000 usd
CY2022Q4 vre Accumulated Amortization Leasing And Financing Costs
AccumulatedAmortizationLeasingAndFinancingCosts
30471000 usd
CY2023Q4 us-gaap Deferred Costs
DeferredCosts
4032000 usd
CY2022Q4 us-gaap Deferred Costs
DeferredCosts
35864000 usd
CY2023Q4 us-gaap Notes Receivable Net
NotesReceivableNet
32000 usd
CY2022Q4 us-gaap Notes Receivable Net
NotesReceivableNet
1309000 usd
CY2023Q4 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
10034000 usd
CY2022Q4 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
12298000 usd
CY2023Q4 vre Assets Right Of Use
AssetsRightOfUse
6161000 usd
CY2022Q4 vre Assets Right Of Use
AssetsRightOfUse
2896000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
33697000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
43795000 usd
CY2023Q4 us-gaap Other Assets
OtherAssets
53956000 usd
CY2022Q4 us-gaap Other Assets
OtherAssets
96162000 usd
CY2023Q4 vre Assets Right Of Use Liability
AssetsRightOfUseLiability
7400000 usd
CY2022Q4 vre Assets Right Of Use Liability
AssetsRightOfUseLiability
3200000 usd
CY2023 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
3800000 usd
CY2023Q4 us-gaap Security Deposit
SecurityDeposit
9996000 usd
CY2022Q4 us-gaap Security Deposit
SecurityDeposit
9175000 usd
CY2023Q4 us-gaap Escrow Deposit
EscrowDeposit
16576000 usd
CY2022Q4 us-gaap Escrow Deposit
EscrowDeposit
11692000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
26572000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
20867000 usd
CY2023 vre Number Of Properties With Encumbered Company Mortgages
NumberOfPropertiesWithEncumberedCompanyMortgages
17 property
CY2023Q4 vre Mortgage Property Carrying Value
MortgagePropertyCarryingValue
2600000000 usd
CY2023Q4 vre Debt Discount Premium Future Amortization Year One
DebtDiscountPremiumFutureAmortizationYearOne
6076000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
308000000 usd
CY2023Q4 vre Long Term Debt Amortization And Repayments Of Principal Year One
LongTermDebtAmortizationAndRepaymentsOfPrincipalYearOne
314076000 usd
CY2023Q4 vre Debt Discount Premium Future Amortization Year Two
DebtDiscountPremiumFutureAmortizationYearTwo
9487000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0 usd
CY2023Q4 vre Long Term Debt Amortization And Repayments Of Principal Year Two
LongTermDebtAmortizationAndRepaymentsOfPrincipalYearTwo
9487000 usd
CY2023Q4 vre Debt Discount Premium Future Amortization Year Three
DebtDiscountPremiumFutureAmortizationYearThree
9651000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
536487000 usd
CY2023Q4 vre Long Term Debt Amortization And Repayments Of Principal Year Three
LongTermDebtAmortizationAndRepaymentsOfPrincipalYearThree
546138000 usd
CY2023Q4 vre Debt Discount Premium Future Amortization Year Four
DebtDiscountPremiumFutureAmortizationYearFour
8158000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
305320000 usd
CY2023Q4 vre Long Term Debt Amortization And Repayments Of Principal Year Four
LongTermDebtAmortizationAndRepaymentsOfPrincipalYearFour
313478000 usd
CY2023Q4 vre Debt Discount Premium Future Amortization Year Five
DebtDiscountPremiumFutureAmortizationYearFive
5331000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
343061000 usd
CY2023Q4 vre Long Term Debt Amortization And Repayments Of Principal Year Five
LongTermDebtAmortizationAndRepaymentsOfPrincipalYearFive
348392000 usd
CY2023Q4 vre Debt Discount Premium Future Amortization Thereafter
DebtDiscountPremiumFutureAmortizationThereafter
5574000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
331838000 usd
CY2023Q4 vre Long Term Debt Amortization And Repayments Of Principal After Year Five
LongTermDebtAmortizationAndRepaymentsOfPrincipalAfterYearFive
337412000 usd
CY2023Q4 vre Debt Discount Premium Future Amortization Gross
DebtDiscountPremiumFutureAmortizationGross
44277000 usd
CY2023Q4 vre Long Term Debt Maturity Repayments Of Principal Gross
LongTermDebtMaturityRepaymentsOfPrincipalGross
1824706000 usd
CY2023Q4 vre Long Term Debt Amortization And Repayments Of Principal Gross
LongTermDebtAmortizationAndRepaymentsOfPrincipalGross
1868983000 usd
CY2023Q4 vre Debt Instrument Unamortized Discount Costs
DebtInstrumentUnamortizedDiscountCosts
15086000 usd
CY2023Q4 vre Debt Instrument Unamortized Principal Costs
DebtInstrumentUnamortizedPrincipalCosts
0 usd
CY2023Q4 vre Debt Instrument Unamortized Premium And Principal Costs
DebtInstrumentUnamortizedPremiumAndPrincipalCosts
15086000 usd
CY2023Q4 vre Debt Discount Premium Future Amortization Net
DebtDiscountPremiumFutureAmortizationNet
29191000 usd
CY2023Q4 vre Long Term Debt Maturities Repayments Of Principal
LongTermDebtMaturitiesRepaymentsOfPrincipal
1824706000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
1853897000 usd
CY2023 us-gaap Interest Paid
InterestPaid
81600000 usd
CY2022 us-gaap Interest Paid
InterestPaid
80300000 usd
CY2021 us-gaap Interest Paid
InterestPaid
85200000 usd
CY2023 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0 usd
CY2022 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
12200000 usd
CY2021 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
30500000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
1853897000 usd
CY2023Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0434
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
1903977000 usd
CY2022Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0447
CY2023 vre Savings Retirement Plan Employee Minimum Subscription Rate
SavingsRetirementPlanEmployeeMinimumSubscriptionRate
0.01
CY2023 vre Savings Retirement Plan Employee Maximum Subscription Rate
SavingsRetirementPlanEmployeeMaximumSubscriptionRate
0.60
CY2023 vre Employee Pre Tax Contributions Vested Percent
EmployeePreTaxContributionsVestedPercent
1
CY2023 vre Employee Post Tax Contributions Vested Percent
EmployeePostTaxContributionsVestedPercent
1
CY2023 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
507000 usd
CY2022 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
631000 usd
CY2021 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
537000 usd
CY2023Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
1800000000 usd
CY2022Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
1800000000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1900000000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1900000000 usd
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
2900000 usd
CY2023 vre Payments In Lieu Of Property Taxes
PaymentsInLieuOfPropertyTaxes
8654000 usd
CY2022 vre Payments In Lieu Of Property Taxes
PaymentsInLieuOfPropertyTaxes
8719000 usd
CY2021 vre Payments In Lieu Of Property Taxes
PaymentsInLieuOfPropertyTaxes
13215000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1272000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1279000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1279000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1280000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
494000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
31447000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
37051000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
29700000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
7351000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
192000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
192000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
199000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
199000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
200000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
31664000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
32646000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
29418000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
3228000 usd
CY2023 vre Operating Lease Expense Including Sublease Rentals
OperatingLeaseExpenseIncludingSubleaseRentals
2000000 usd
CY2022 vre Operating Lease Expense Including Sublease Rentals
OperatingLeaseExpenseIncludingSubleaseRentals
900000 usd
CY2021 vre Operating Lease Expense Including Sublease Rentals
OperatingLeaseExpenseIncludingSubleaseRentals
1800000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
12231000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
10952000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
8822000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
5748000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
2113000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
5706000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
45572000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
14798000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
12231000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
10952000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
8822000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
5748000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
7819000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
60370000 usd
CY2023Q3 vre Noncontrolling Interest Estimated Redemption Value Current Portion Of Preferred Return Payments
NoncontrollingInterestEstimatedRedemptionValueCurrentPortionOfPreferredReturnPayments
2000000 usd
CY2023Q4 vre Number Of Classes Of Preferred Units Issued
NumberOfClassesOfPreferredUnitsIssued
2 classofpreferredunit
CY2023Q4 vre Combined Aggregate Offering Price
CombinedAggregateOfferingPrice
100000000 usd
CY2021 vre Combined Aggregate Offering Price
CombinedAggregateOfferingPrice
200000000 usd
CY2023Q4 vre Atm Shares Issued
AtmSharesIssued
0 shares
CY2023 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
CY2023 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P3Y7M6D
CY2022 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P4Y7M6D
CY2023 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
1700000 usd
CY2022 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
1200000 usd
CY2021 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
844000 usd
CY2023 vre Maximum Percentage Of Retainer Fee Directors May Elect To Defer To Stock Units
MaximumPercentageOfRetainerFeeDirectorsMayElectToDeferToStockUnits
1
CY2023 vre Deferred Stock Units Shares Earned
DeferredStockUnitsSharesEarned
25671 shares
CY2022 vre Deferred Stock Units Shares Earned
DeferredStockUnitsSharesEarned
30899 shares
CY2021 vre Deferred Stock Units Shares Earned
DeferredStockUnitsSharesEarned
17894 shares
CY2023Q4 vre Deferred Stock Units Outstanding
DeferredStockUnitsOutstanding
77975 shares
CY2022Q4 vre Deferred Stock Units Outstanding
DeferredStockUnitsOutstanding
73071 shares
CY2023Q2 vre Deferred Stock Units Converted
DeferredStockUnitsConverted
20767 shares
CY2023 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-157193000 usd
CY2022 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-39534000 usd
CY2021 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-157265000 usd
CY2023 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
-2319000 usd
CY2022 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
-3079000 usd
CY2021 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
-4595000 usd
CY2023 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable
-14267000 usd
CY2022 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable
-5652000 usd
CY2021 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable
-16212000 usd
CY2023 vre Redeemable Noncontrolling Interest
RedeemableNoncontrollingInterest
7618000 usd
CY2022 vre Redeemable Noncontrolling Interest
RedeemableNoncontrollingInterest
25534000 usd
CY2021 vre Redeemable Noncontrolling Interest
RedeemableNoncontrollingInterest
25977000 usd
CY2023 vre Noncontrolling Interest Redemption Value Adjustment Redeemable Before Operating Partnership
NoncontrollingInterestRedemptionValueAdjustmentRedeemableBeforeOperatingPartnership
4516000 usd
CY2022 vre Noncontrolling Interest Redemption Value Adjustment Redeemable Before Operating Partnership
NoncontrollingInterestRedemptionValueAdjustmentRedeemableBeforeOperatingPartnership
5475000 usd
CY2021 vre Noncontrolling Interest Redemption Value Adjustment Redeemable Before Operating Partnership
NoncontrollingInterestRedemptionValueAdjustmentRedeemableBeforeOperatingPartnership
7290000 usd
CY2023 vre Income Loss From Continuing Operations Basic
IncomeLossFromContinuingOperationsBasic
-152741000 usd
CY2022 vre Income Loss From Continuing Operations Basic
IncomeLossFromContinuingOperationsBasic
-61812000 usd
CY2021 vre Income Loss From Continuing Operations Basic
IncomeLossFromContinuingOperationsBasic
-169725000 usd
CY2023 vre Income Loss From Discontinued Operations Available To Common Shareholders
IncomeLossFromDiscontinuedOperationsAvailableToCommonShareholders
40960000 usd
CY2022 vre Income Loss From Discontinued Operations Available To Common Shareholders
IncomeLossFromDiscontinuedOperationsAvailableToCommonShareholders
4271000 usd
CY2021 vre Income Loss From Discontinued Operations Available To Common Shareholders
IncomeLossFromDiscontinuedOperationsAvailableToCommonShareholders
43393000 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-111781000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-57541000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-126332000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
91883000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
91046000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
90839000 shares
CY2023 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-1.66
CY2022 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.68
CY2021 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-1.87
CY2023 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.44
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.05
CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.48
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.22
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.63
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.39
CY2023 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-152741000 usd
CY2022 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-61812000 usd
CY2021 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-169725000 usd
CY2023 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable
-14267000 usd
CY2022 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable
-5652000 usd
CY2021 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable
-16212000 usd
CY2023 vre Noncontrolling Interest Redemption Value Adjustment Redeemable In Operating Partnership
NoncontrollingInterestRedemptionValueAdjustmentRedeemableInOperatingPartnership
461000 usd
CY2022 vre Noncontrolling Interest Redemption Value Adjustment Redeemable In Operating Partnership
NoncontrollingInterestRedemptionValueAdjustmentRedeemableInOperatingPartnership
548000 usd
CY2021 vre Noncontrolling Interest Redemption Value Adjustment Redeemable In Operating Partnership
NoncontrollingInterestRedemptionValueAdjustmentRedeemableInOperatingPartnership
726000 usd
CY2023 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Diluted
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersDiluted
-167469000 usd
CY2022 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Diluted
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersDiluted
-68012000 usd
CY2021 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Diluted
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersDiluted
-186663000 usd
CY2023 us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Diluted
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersDiluted
44832000 usd
CY2022 us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Diluted
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersDiluted
4649000 usd
CY2021 us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Diluted
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersDiluted
47726000 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-122637000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-63363000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-138937000 usd
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
100812000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
100265000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
99893000 shares
CY2023 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-1.66
CY2022 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.68
CY2021 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-1.87
CY2023 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.44
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.05
CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.48
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.22
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.63
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.39
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
91883000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
91046000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
90839000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
100812000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
100265000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
99893000 shares
CY2023 vre Rebalance Of Ownership Percentage
RebalanceOfOwnershipPercentage
4100000 usd
CY2023 vre Redemption Of Common Units Shares
RedemptionOfCommonUnitsShares
9229 shares
CY2023 vre Proceeds From Redemption Of Common Units
ProceedsFromRedemptionOfCommonUnits
142000 usd
CY2023Q4 vre Number Of Common Shares Received Upon Redemption Of Common Units
NumberOfCommonSharesReceivedUponRedemptionOfCommonUnits
1 shares
CY2023 vre Share Based Compensation Arrangement By Share Based Payment Award Conversion Ratio
ShareBasedCompensationArrangementByShareBasedPaymentAwardConversionRatio
1
CY2023 vre Share Based Compensation Arrangement By Share Based Payment Award Conversion Ratio
ShareBasedCompensationArrangementByShareBasedPaymentAwardConversionRatio
1
CY2023 vre Share Based Compensation Arrangement By Share Based Payment Award Conversion Ratio
ShareBasedCompensationArrangementByShareBasedPaymentAwardConversionRatio
1
CY2023 vre Share Based Compensation Arrangement By Share Based Payment Award Conversion Ratio
ShareBasedCompensationArrangementByShareBasedPaymentAwardConversionRatio
1
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2023 us-gaap Revenues
Revenues
279859000 usd
CY2022 us-gaap Revenues
Revenues
233448000 usd
CY2021 us-gaap Revenues
Revenues
194645000 usd
CY2023 vre Operating And Interest Expenses
OperatingAndInterestExpenses
305695000 usd
CY2022 vre Operating And Interest Expenses
OperatingAndInterestExpenses
236513000 usd
CY2021 vre Operating And Interest Expenses
OperatingAndInterestExpenses
211609000 usd
CY2023 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3102000 usd
CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1200000 usd
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-4250000 usd
CY2023 vre Segment Reporting Information Net Operating Income Loss For Reportable Segment
SegmentReportingInformationNetOperatingIncomeLossForReportableSegment
-22734000 usd
CY2022 vre Segment Reporting Information Net Operating Income Loss For Reportable Segment
SegmentReportingInformationNetOperatingIncomeLossForReportableSegment
-1865000 usd
CY2021 vre Segment Reporting Information Net Operating Income Loss For Reportable Segment
SegmentReportingInformationNetOperatingIncomeLossForReportableSegment
-21214000 usd
CY2023Q4 us-gaap Assets
Assets
3241046000 usd
CY2022Q4 us-gaap Assets
Assets
3920768000 usd
CY2023Q4 vre Long Lived Assets
LongLivedAssets
3011815000 usd
CY2022Q4 vre Long Lived Assets
LongLivedAssets
3647879000 usd
CY2023Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
117954000 usd
CY2022Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
126158000 usd
CY2023 vre Segment Reporting Information Net Operating Income Loss For Reportable Segment
SegmentReportingInformationNetOperatingIncomeLossForReportableSegment
-22734000 usd
CY2022 vre Segment Reporting Information Net Operating Income Loss For Reportable Segment
SegmentReportingInformationNetOperatingIncomeLossForReportableSegment
-1865000 usd
CY2021 vre Segment Reporting Information Net Operating Income Loss For Reportable Segment
SegmentReportingInformationNetOperatingIncomeLossForReportableSegment
-21214000 usd
CY2023 us-gaap Depreciation And Amortization
DepreciationAndAmortization
93589000 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
85434000 usd
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
68506000 usd
CY2023 vre Impairment Of Land And Other
ImpairmentOfLandAndOther
9324000 usd
CY2022 vre Impairment Of Land And Other
ImpairmentOfLandAndOther
9368000 usd
CY2021 vre Impairment Of Land And Other
ImpairmentOfLandAndOther
23719000 usd
CY2023 vre Impairment Of Property
ImpairmentOfProperty
32516000 usd
CY2022 vre Impairment Of Property
ImpairmentOfProperty
0 usd
CY2021 vre Impairment Of Property
ImpairmentOfProperty
0 usd
CY2023 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
0 usd
CY2022 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
0 usd
CY2021 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
3023000 usd
CY2023 vre Gain Loss On Sale Of Realized And Unrealized Property Plant Equipment
GainLossOnSaleOfRealizedAndUnrealizedPropertyPlantEquipment
7068000 usd
CY2022 vre Gain Loss On Sale Of Realized And Unrealized Property Plant Equipment
GainLossOnSaleOfRealizedAndUnrealizedPropertyPlantEquipment
57262000 usd
CY2021 vre Gain Loss On Sale Of Realized And Unrealized Property Plant Equipment
GainLossOnSaleOfRealizedAndUnrealizedPropertyPlantEquipment
2115000 usd
CY2023 us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
0 usd
CY2022 us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
0 usd
CY2021 us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
-1886000 usd
CY2023 us-gaap Extinguishment Of Debt Gain Loss Net Of Tax
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