2024 Q4 Form 10-Q Financial Statement

#000092490124000056 Filed on October 30, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $68.18M
YoY Change -4.63%
Cost Of Revenue $2.129M
YoY Change -22.47%
Gross Profit $66.05M
YoY Change -3.91%
Gross Profit Margin 96.88%
Selling, General & Admin $8.956M
YoY Change -38.74%
% of Gross Profit 13.56%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $21.15M
YoY Change -8.91%
% of Gross Profit 32.02%
Operating Expenses $30.12M
YoY Change -20.4%
Operating Profit $35.93M
YoY Change 16.27%
Interest Expense $21.51M
YoY Change -9.31%
% of Operating Profit 59.86%
Other Income/Expense, Net -$310.0K
YoY Change 443.86%
Pretax Income -$11.07M
YoY Change -81.95%
Income Tax $39.00K
% Of Pretax Income
Net Earnings -$9.692M
YoY Change -82.32%
Net Earnings / Revenue -14.22%
Basic Earnings Per Share -$0.10
Diluted Earnings Per Share -$0.10
COMMON SHARES
Basic Shares Outstanding 92.90M shares 92.89M shares
Diluted Shares Outstanding 101.6M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $12.78M
YoY Change -26.0%
Cash & Equivalents $12.78M
Short-Term Investments
Other Short-Term Assets $27.17M
YoY Change -32.27%
Inventory
Prepaid Expenses
Receivables $4.245M
Other Receivables $0.00
Total Short-Term Assets $44.20M
YoY Change -33.9%
LONG-TERM ASSETS
Property, Plant & Equipment $2.812B
YoY Change -9.45%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $113.6M
YoY Change -5.2%
Other Assets $26.61M
YoY Change -3.71%
Total Long-Term Assets $2.962B
YoY Change -9.24%
TOTAL ASSETS
Total Short-Term Assets $44.20M
Total Long-Term Assets $2.962B
Total Assets $3.006B
YoY Change -9.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $38.51M
YoY Change -24.99%
Accrued Expenses $11.82M
YoY Change -10.79%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $57.79M
YoY Change -17.21%
LONG-TERM LIABILITIES
Long-Term Debt $1.678B
YoY Change -12.28%
Other Long-Term Liabilities $10.99M
YoY Change -30.93%
Total Long-Term Liabilities $1.689B
YoY Change -12.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $57.79M
Total Long-Term Liabilities $1.689B
Total Liabilities $1.747B
YoY Change -12.6%
SHAREHOLDERS EQUITY
Retained Earnings -$1.446B
YoY Change 2.69%
Common Stock $929.0K
YoY Change 0.98%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.114B
YoY Change
Total Liabilities & Shareholders Equity $3.006B
YoY Change -9.73%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income -$9.692M
YoY Change -82.32%
Depreciation, Depletion And Amortization $21.15M
YoY Change -8.91%
Cash From Operating Activities $13.93M
YoY Change 56.33%
INVESTING ACTIVITIES
Capital Expenditures $6.164M
YoY Change 14.57%
Acquisitions
YoY Change
Other Investing Activities $5.265M
YoY Change -89.1%
Cash From Investing Activities -$899.0K
YoY Change -102.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -21.49M
YoY Change -95.07%
NET CHANGE
Cash From Operating Activities 13.93M
Cash From Investing Activities -899.0K
Cash From Financing Activities -21.49M
Net Change In Cash -8.462M
YoY Change -97.79%
FREE CASH FLOW
Cash From Operating Activities $13.93M
Capital Expenditures $6.164M
Free Cash Flow $7.762M
YoY Change 120.01%

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vre Increase Decrease In Rents Received In Advance And Security Deposits
IncreaseDecreaseInRentsReceivedInAdvanceAndSecurityDeposits
1250000 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
40000 usd
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
40114000 usd
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
28065000 usd
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
5207000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
33272000 usd
us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
9794000 usd
vre Payments To Develop Property And Other Related Costs
PaymentsToDevelopPropertyAndOtherRelatedCosts
6959000 usd
us-gaap Proceeds From Sale Of Buildings
ProceedsFromSaleOfBuildings
7784000 usd
us-gaap Proceeds From Divestiture Of Interest In Joint Venture
ProceedsFromDivestitureOfInterestInJointVenture
0 usd
us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
1280000 usd
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
180000 usd
vre Distributions In Excess Of Cumulative Earnings From Jvs
DistributionsInExcessOfCumulativeEarningsFromJvs
8553000 usd
vre Distributions In Excess Of Cumulative Earnings From Jvs
DistributionsInExcessOfCumulativeEarningsFromJvs
9351000 usd
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
3735000 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-250000 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-750000 usd
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
87862000 usd
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
5967000 usd
us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
77182000 usd
us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
488604000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
165044000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
494571000 usd
us-gaap Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
157000000 usd
us-gaap Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
81000000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
63000000 usd
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
200000000 usd
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
115000000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
0 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
72000000 usd
vre Proceeds From Mortgages And Loans Payable
ProceedsFromMortgagesAndLoansPayable
0 usd
vre Proceeds From Mortgages And Loans Payable
ProceedsFromMortgagesAndLoansPayable
399561000 usd
vre Repayment Of Mortgages Loans Payable And Other Obligations
RepaymentOfMortgagesLoansPayableAndOtherObligations
533318000 usd
vre Repayment Of Mortgages Loans Payable And Other Obligations
RepaymentOfMortgagesLoansPayableAndOtherObligations
441198000 usd
vre Proceeds From Issuance Of Redeemable Noncontrolling Interests
ProceedsFromIssuanceOfRedeemableNoncontrollingInterests
-15700000 usd
vre Proceeds From Issuance Of Redeemable Noncontrolling Interests
ProceedsFromIssuanceOfRedeemableNoncontrollingInterests
-520388000 usd
us-gaap Proceeds From Payments For Deposits Applied To Debt Retirements
ProceedsFromPaymentsForDepositsAppliedToDebtRetirements
0 usd
us-gaap Proceeds From Payments For Deposits Applied To Debt Retirements
ProceedsFromPaymentsForDepositsAppliedToDebtRetirements
-255000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
94000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
14401000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
16089000 usd
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
108000 usd
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
84000 usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
1735000 usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
16704000 usd
us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
464000 usd
us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
0 usd
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
16886000 usd
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
38000 usd
vre Proceeds Costs From Issuance Of Stock Net
ProceedsCostsFromIssuanceOfStockNet
1765000 usd
vre Proceeds Costs From Issuance Of Stock Net
ProceedsCostsFromIssuanceOfStockNet
0 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-3992000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-494000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-227623000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-534615000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-22110000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-6772000 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
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
32469000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
40877000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
26572000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
20867000 usd
CY2024Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
19687000 usd
CY2023Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
23603000 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1765000 usd
vre Redemption Of Common Units For Common Stock
RedemptionOfCommonUnitsForCommonStock
0 usd
CY2024Q3 vre General Partner Ownership Percentage
GeneralPartnerOwnershipPercentage
0.915
CY2023Q4 vre General Partner Ownership Percentage
GeneralPartnerOwnershipPercentage
0.914
CY2024Q3 vre Consolidated Joint Ventures Real Estate Assets
ConsolidatedJointVenturesRealEstateAssets
443600000 usd
CY2023Q4 vre Consolidated Joint Ventures Real Estate Assets
ConsolidatedJointVenturesRealEstateAssets
449800000 usd
CY2024Q3 vre Consolidated Joint Ventures Other Assets
ConsolidatedJointVenturesOtherAssets
6600000 usd
CY2023Q4 vre Consolidated Joint Ventures Other Assets
ConsolidatedJointVenturesOtherAssets
6700000 usd
CY2024Q3 vre Consolidated Joint Ventures Mortgages
ConsolidatedJointVenturesMortgages
284700000 usd
CY2023Q4 vre Consolidated Joint Ventures Mortgages
ConsolidatedJointVenturesMortgages
285200000 usd
CY2024Q3 vre Consolidated Joint Ventures Other Liabilities
ConsolidatedJointVenturesOtherLiabilities
15100000 usd
CY2023Q4 vre Consolidated Joint Ventures Other Liabilities
ConsolidatedJointVenturesOtherLiabilities
14700000 usd
CY2024Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.07
CY2024Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
7500000 usd
CY2023Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
5500000 usd
CY2023Q4 us-gaap Land Available For Sale
LandAvailableForSale
59464000 usd
CY2023Q4 vre Buildings And Improvements Available For Sale
BuildingsAndImprovementsAvailableForSale
9688000 usd
CY2023Q4 vre Rental Property Held For Sale Accumulated Depreciation
RentalPropertyHeldForSaleAccumulatedDepreciation
0 usd
CY2023Q4 vre Cumulative Unrealized Loss On Real Estate Held For Sale
CumulativeUnrealizedLossOnRealEstateHeldForSale
10544000 usd
CY2023Q4 vre Rental Property Held For Sale Net
RentalPropertyHeldForSaleNet
58608000 usd
CY2024Q3 vre Investments In Equity Method Joint Ventures
InvestmentsInEquityMethodJointVentures
114000000 usd
CY2024Q3 vre Management Leasing Development And Other Services Fees
ManagementLeasingDevelopmentAndOtherServicesFees
900000 usd
CY2023Q3 vre Management Leasing Development And Other Services Fees
ManagementLeasingDevelopmentAndOtherServicesFees
1100000 usd
vre Management Leasing Development And Other Services Fees
ManagementLeasingDevelopmentAndOtherServicesFees
2500000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2919000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2843000 usd
CY2024Q3 vre Equity Method Investment Amortization Of Basis Difference
EquityMethodInvestmentAmortizationOfBasisDifference
154000 usd
CY2023Q3 vre Equity Method Investment Amortization Of Basis Difference
EquityMethodInvestmentAmortizationOfBasisDifference
154000 usd
vre Equity Method Investment Amortization Of Basis Difference
EquityMethodInvestmentAmortizationOfBasisDifference
463000 usd
vre Equity Method Investment Amortization Of Basis Difference
EquityMethodInvestmentAmortizationOfBasisDifference
463000 usd
CY2024Q3 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
4667000 usd
CY2023Q4 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
8324000 usd
CY2024Q3 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
6228000 usd
CY2023Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
771000 usd
CY2024Q3 vre Deferred Costs Gross
DeferredCostsGross
10895000 usd
CY2023Q4 vre Deferred Costs Gross
DeferredCostsGross
9095000 usd
CY2024Q3 vre Accumulated Amortization Leasing And Financing Costs
AccumulatedAmortizationLeasingAndFinancingCosts
3977000 usd
CY2023Q4 vre Accumulated Amortization Leasing And Financing Costs
AccumulatedAmortizationLeasingAndFinancingCosts
5063000 usd
CY2024Q3 us-gaap Deferred Costs
DeferredCosts
6918000 usd
CY2023Q4 us-gaap Deferred Costs
DeferredCosts
4032000 usd
CY2024Q3 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
9617000 usd
CY2023Q4 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
10034000 usd
CY2024Q3 vre Assets Right Of Use
AssetsRightOfUse
5403000 usd
CY2023Q4 vre Assets Right Of Use
AssetsRightOfUse
6161000 usd
CY2024Q3 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
27172000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
33729000 usd
CY2024Q3 us-gaap Other Assets
OtherAssets
49110000 usd
CY2023Q4 us-gaap Other Assets
OtherAssets
53956000 usd
CY2024Q3 vre Assets Right Of Use Liability
AssetsRightOfUseLiability
6800000 usd
CY2023Q4 vre Assets Right Of Use Liability
AssetsRightOfUseLiability
7400000 usd
us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
1900000 usd
CY2024Q3 us-gaap Security Deposit
SecurityDeposit
9599000 usd
CY2023Q4 us-gaap Security Deposit
SecurityDeposit
9996000 usd
CY2024Q3 us-gaap Escrow Deposit
EscrowDeposit
10088000 usd
CY2023Q4 us-gaap Escrow Deposit
EscrowDeposit
16576000 usd
CY2024Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
19687000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
26572000 usd
vre Number Of Properties With Encumbered Company Mortgages
NumberOfPropertiesWithEncumberedCompanyMortgages
12 property
CY2024Q3 vre Mortgage Property Carrying Value
MortgagePropertyCarryingValue
1800000000 usd
CY2024Q3 us-gaap Interest Paid
InterestPaid
19600000 usd
CY2023Q3 us-gaap Interest Paid
InterestPaid
21500000 usd
us-gaap Interest Paid
InterestPaid
58900000 usd
us-gaap Interest Paid
InterestPaid
61600000 usd
CY2024Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0 usd
CY2023Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0 usd
CY2024Q3 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
1677916000 usd
CY2024Q3 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0494
CY2023Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
1853897000 usd
CY2023Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0434
vre Savings Retirement Plan Employee Minimum Subscription Rate
SavingsRetirementPlanEmployeeMinimumSubscriptionRate
0.01
vre Savings Retirement Plan Employee Maximum Subscription Rate
SavingsRetirementPlanEmployeeMaximumSubscriptionRate
0.60
vre Employee Pre Tax Contributions Vested Percent
EmployeePreTaxContributionsVestedPercent
1
CY2024Q3 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
84000 usd
CY2023Q3 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
102000 usd
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
374000 usd
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
378000 usd
CY2024Q3 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
1700000000 usd
CY2023Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
1800000000 usd
CY2024Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1700000000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1900000000 usd
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
2600000 usd
CY2024Q3 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
2600000 usd
CY2023Q3 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0 usd
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
7000000.0 usd
CY2024Q3 vre Payments In Lieu Of Property Taxes
PaymentsInLieuOfPropertyTaxes
2557000 usd
CY2023Q3 vre Payments In Lieu Of Property Taxes
PaymentsInLieuOfPropertyTaxes
2069000 usd
vre Payments In Lieu Of Property Taxes
PaymentsInLieuOfPropertyTaxes
7337000 usd
vre Payments In Lieu Of Property Taxes
PaymentsInLieuOfPropertyTaxes
6124000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
318000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1279000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1279000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1280000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
494000 usd
CY2024Q3 vre Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
31447000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
36097000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
29347000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
6750000 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
CY2024Q3 vre Operating Lease Expense Including Sublease Rentals
OperatingLeaseExpenseIncludingSubleaseRentals
670000 usd
CY2023Q3 vre Operating Lease Expense Including Sublease Rentals
OperatingLeaseExpenseIncludingSubleaseRentals
599000 usd
vre Operating Lease Expense Including Sublease Rentals
OperatingLeaseExpenseIncludingSubleaseRentals
1900000 usd
vre Operating Lease Expense Including Sublease Rentals
OperatingLeaseExpenseIncludingSubleaseRentals
1400000 usd
vre Operating Lease Number Of Units
OperatingLeaseNumberOfUnits
2 groundlease
vre Operating Lease Number Of Units
OperatingLeaseNumberOfUnits
2 groundlease
CY2023Q4 vre Combined Aggregate Offering Price
CombinedAggregateOfferingPrice
100000000 usd
CY2021Q4 vre Combined Aggregate Offering Price
CombinedAggregateOfferingPrice
200000000 usd
CY2024Q3 vre Atm Shares Issued
AtmSharesIssued
133759 shares
CY2024Q3 vre Combined Aggregate Net Proceeds
CombinedAggregateNetProceeds
1800000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
2330000 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
2246666 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P2Y9M18D
CY2023 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P3Y7M6D
CY2024Q3 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
92000 usd
CY2023Q3 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
414000 usd
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
521000 usd
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
1200000 usd
vre Maximum Percentage Of Retainer Fee Directors May Elect To Defer To Stock Units
MaximumPercentageOfRetainerFeeDirectorsMayElectToDeferToStockUnits
1
CY2024Q3 vre Deferred Stock Units Shares Earned
DeferredStockUnitsSharesEarned
5876 shares
CY2023Q3 vre Deferred Stock Units Shares Earned
DeferredStockUnitsSharesEarned
6193 shares
vre Deferred Stock Units Shares Earned
DeferredStockUnitsSharesEarned
19936 shares
vre Deferred Stock Units Shares Earned
DeferredStockUnitsSharesEarned
19143 shares
CY2024Q3 vre Deferred Stock Units Outstanding
DeferredStockUnitsOutstanding
97912 shares
CY2023Q4 vre Deferred Stock Units Outstanding
DeferredStockUnitsOutstanding
77975 shares
CY2024Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-11113000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-60734000 usd
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-16066000 usd
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-105020000 usd
CY2024Q3 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
-391000 usd
CY2023Q3 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
-592000 usd
us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
-1429000 usd
us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
-1815000 usd
CY2024Q3 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable
-923000 usd
CY2023Q3 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable
-5243000 usd
us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable
-1293000 usd
us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable
-9785000 usd
CY2024Q3 vre Noncontrolling Interest Redemption Value Adjustment Redeemable
NoncontrollingInterestRedemptionValueAdjustmentRedeemable
81000 usd
CY2023Q3 vre Noncontrolling Interest Redemption Value Adjustment Redeemable
NoncontrollingInterestRedemptionValueAdjustmentRedeemable
350000 usd
vre Noncontrolling Interest Redemption Value Adjustment Redeemable
NoncontrollingInterestRedemptionValueAdjustmentRedeemable
459000 usd
vre Noncontrolling Interest Redemption Value Adjustment Redeemable
NoncontrollingInterestRedemptionValueAdjustmentRedeemable
7333000 usd
CY2024Q3 vre Noncontrolling Interest Redemption Value Adjustment Redeemable Before Operating Partnership
NoncontrollingInterestRedemptionValueAdjustmentRedeemableBeforeOperatingPartnership
0 usd
CY2023Q3 vre Noncontrolling Interest Redemption Value Adjustment Redeemable Before Operating Partnership
NoncontrollingInterestRedemptionValueAdjustmentRedeemableBeforeOperatingPartnership
0 usd
vre Noncontrolling Interest Redemption Value Adjustment Redeemable Before Operating Partnership
NoncontrollingInterestRedemptionValueAdjustmentRedeemableBeforeOperatingPartnership
0 usd
vre Noncontrolling Interest Redemption Value Adjustment Redeemable Before Operating Partnership
NoncontrollingInterestRedemptionValueAdjustmentRedeemableBeforeOperatingPartnership
4516000 usd
CY2024Q3 vre Income Loss From Continuing Operations Basic
IncomeLossFromContinuingOperationsBasic
-9880000 usd
CY2023Q3 vre Income Loss From Continuing Operations Basic
IncomeLossFromContinuingOperationsBasic
-55249000 usd
vre Income Loss From Continuing Operations Basic
IncomeLossFromContinuingOperationsBasic
-13803000 usd
vre Income Loss From Continuing Operations Basic
IncomeLossFromContinuingOperationsBasic
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CY2024Q3 vre Income Loss From Discontinued Operations Available To Common Shareholders
IncomeLossFromDiscontinuedOperationsAvailableToCommonShareholders
188000 usd
CY2023Q3 vre Income Loss From Discontinued Operations Available To Common Shareholders
IncomeLossFromDiscontinuedOperationsAvailableToCommonShareholders
442000 usd
vre Income Loss From Discontinued Operations Available To Common Shareholders
IncomeLossFromDiscontinuedOperationsAvailableToCommonShareholders
3130000 usd
vre Income Loss From Discontinued Operations Available To Common Shareholders
IncomeLossFromDiscontinuedOperationsAvailableToCommonShareholders
-1461000 usd
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-9692000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-54807000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-10673000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-106730000 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
92903000 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
92177000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
92615000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
91762000 shares
CY2024Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.10
CY2023Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.60
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.15
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-1.14
CY2024Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0
CY2023Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.03
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.02
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.10
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.60
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.12
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.16
CY2024Q3 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
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NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
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us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-13803000 usd
us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-105269000 usd
CY2024Q3 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable
-923000 usd
CY2023Q3 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable
-5243000 usd
us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable
-1293000 usd
us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable
-9785000 usd
CY2024Q3 vre Noncontrolling Interest Redemption Value Adjustment Redeemable In Operating Partnership
NoncontrollingInterestRedemptionValueAdjustmentRedeemableInOperatingPartnership
0 usd
CY2023Q3 vre Noncontrolling Interest Redemption Value Adjustment Redeemable In Operating Partnership
NoncontrollingInterestRedemptionValueAdjustmentRedeemableInOperatingPartnership
0 usd
vre Noncontrolling Interest Redemption Value Adjustment Redeemable In Operating Partnership
NoncontrollingInterestRedemptionValueAdjustmentRedeemableInOperatingPartnership
0 usd
vre Noncontrolling Interest Redemption Value Adjustment Redeemable In Operating Partnership
NoncontrollingInterestRedemptionValueAdjustmentRedeemableInOperatingPartnership
461000 usd
CY2024Q3 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Diluted
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersDiluted
-10803000 usd
CY2023Q3 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Diluted
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersDiluted
-60492000 usd
us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Diluted
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersDiluted
-15096000 usd
us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Diluted
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersDiluted
-115515000 usd
CY2024Q3 us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Diluted
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersDiluted
206000 usd
CY2023Q3 us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Diluted
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersDiluted
484000 usd
us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Diluted
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersDiluted
3425000 usd
us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Diluted
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersDiluted
-1595000 usd
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-10597000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-11671000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-117110000 usd
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
101587000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
100925000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
101304000 shares
CY2024Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.10
CY2023Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.60
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.15
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-1.14
CY2024Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0
CY2023Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.03
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.02
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.10
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.60
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.12
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.16
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
92903000 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
92177000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
92615000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
91762000 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
101587000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
100925000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
101304000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
100770000 shares
vre Rebalance Of Ownership Percentage
RebalanceOfOwnershipPercentage
-2000.0 usd
vre Redemption Of Common Units Shares
RedemptionOfCommonUnitsShares
11074 shares
vre Proceeds From Redemption Of Common Units
ProceedsFromRedemptionOfCommonUnits
135000 usd
CY2024Q3 vre Number Of Common Shares Received Upon Redemption Of Common Units
NumberOfCommonSharesReceivedUponRedemptionOfCommonUnits
1 shares
vre Share Based Compensation Arrangement By Share Based Payment Award Conversion Ratio
ShareBasedCompensationArrangementByShareBasedPaymentAwardConversionRatio
1
vre Share Based Compensation Arrangement By Share Based Payment Award Conversion Ratio
ShareBasedCompensationArrangementByShareBasedPaymentAwardConversionRatio
1
vre Share Based Compensation Arrangement By Share Based Payment Award Conversion Ratio
ShareBasedCompensationArrangementByShareBasedPaymentAwardConversionRatio
1

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