Vivmark Residential's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Vivmark Residential reported net income of $1.2B (+7.6% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Rental income | $3.1B | $3.0B | $2.9B | $2.7B |
| Property and maintenance | $564.7M | $529.7M | $514.6M | $483.9M |
| Real estate taxes and insurance | $450.5M | $432.1M | $412.1M | $388.4M |
| Property management | $133.4M | $132.7M | $119.8M | $110.3M |
| General and administrative | $65.3M | $61.7M | $60.7M | $58.7M |
| Depreciation | $1.0B | $952.2M | $888.7M | $882.2M |
| Total expenses | $2.2B | $2.1B | $2.0B | $1.9B |
| Net gain (loss) on sales of real estate properties | $626.4M | $546.8M | $282.5M | $304.3M |
| Interest and other income | $52.4M | $30.3M | $22.3M | $2.2M |
| Other expenses | ($60.5M) | ($74.1M) | ($29.4M) | ($13.7M) |
| Expense incurred, net | ($306.8M) | ($285.7M) | ($269.6M) | ($282.9M) |
| Amortization of deferred financing costs | ($8.8M) | ($7.8M) | ($8.9M) | ($8.7M) |
| Income before income and other taxes, income (loss) from investments in unconsolidated entities and net gain (loss) on sales of land parcels | $1.2B | $1.1B | $875.0M | $812.9M |
| Income and other tax (expense) benefit | ($1.6M) | ($1.3M) | ($1.1M) | ($900.0K) |
| Income (loss) from investments in unconsolidated entities | ($18.9M) | ($9.0M) | ($5.4M) | ($5.0M) |
| Net gain (loss) on sales of land parcels | ($80.0K) | — | — | — |
| Net income | $1.2B | $1.1B | $868.5M | $807.0M |
| Operating Partnership | ($27.4M) | ($28.9M) | ($26.7M) | ($26.3M) |
| Partially Owned Properties | ($4.5M) | ($6.2M) | ($6.3M) | ($3.8M) |
| Net income attributable to controlling interests | $1.1B | $1.0B | $835.4M | $776.9M |
| Preferred distributions | ($1.4M) | ($1.6M) | ($3.1M) | ($3.1M) |
| Net income available to Common Shares | 1.1B | 1.0B | 832.3M | 773.8M |
| Net income available to Common Shares | $2.95 | $2.73 | $2.20 | $2.06 |
| Weighted average Common Shares outstanding | 379.6M | 378.8M | 378.8M | 376.2M |
| Net income available to Common Shares | $2.94 | $2.72 | $2.20 | $2.05 |
| Weighted average Common Shares outstanding | 390.4M | 390.7M | 390.9M | 389.4M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Rental income | $785.0M | $779.8M | $782.4M | $768.8M |
| Property and maintenance | $142.8M | $149.7M | $144.6M | $136.3M |
| Real estate taxes and insurance | $122.3M | $117.0M | $111.8M | $112.3M |
| Property management | $38.1M | $35.1M | $30.1M | $34.8M |
| General and administrative | $16.6M | $16.9M | $14.7M | $18.5M |
| Depreciation | $246.4M | $247.5M | $254.7M | $240.9M |
| Total expenses | $566.2M | $566.2M | $555.9M | $542.8M |
| Net gain (loss) on sales of real estate properties | ($16.7M) | ($32.0K) | $142.7M | $58.3M |
| Interest and other income | $13.0M | $2.2M | $45.2M | $2.1M |
| Other expenses | ($10.0M) | ($40.8M) | ($30.9M) | ($4.8M) |
| Expense incurred, net | ($82.5M) | ($77.4M) | ($80.1M) | ($75.3M) |
| Amortization of deferred financing costs | ($2.1M) | ($2.1M) | ($2.1M) | ($2.1M) |
| Income before income and other taxes, income (loss) from investments in unconsolidated entities and net gain (loss) on sales of land parcels | $120.5M | $95.6M | $301.2M | $204.2M |
| Income and other tax (expense) benefit | ($411.0K) | ($422.0K) | ($395.0K) | ($407.0K) |
| Income (loss) from investments in unconsolidated entities | ($2.3M) | ($2.0M) | ($4.0M) | ($5.0M) |
| Net income | $117.7M | $93.1M | $296.9M | $198.8M |
| Operating Partnership | ($2.5M) | ($2.0M) | ($6.7M) | ($5.2M) |
| Partially Owned Properties | ($1.1M) | ($1.1M) | ($1.1M) | ($1.2M) |
| Net income attributable to controlling interests | $114.1M | $90.1M | $289.1M | $192.4M |
| Preferred distributions | ($355.0K) | ($356.0K) | ($356.0K) | ($355.0K) |
| Net income available to Common Shares | 113.8M | 89.7M | 288.7M | 192.0M |
| Weighted average Common Shares outstanding | 374.2M | 375.6M | 380.6M | 379.5M |
| Net income available to Common Shares | $0.30 | $0.24 | $0.76 | $0.51 |
| Weighted average Common Shares outstanding | 383.9M | 385.1M | 391.0M | 391.5M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Land | $5.6B | $5.6B | $5.6B | $5.6B |
| Depreciable property | $24.7B | $24.0B | $22.9B | $22.3B |
| Projects under development | $100.6M | $261.7M | $78.0M | $112.9M |
| Land held for development | $86.3M | $63.1M | $114.3M | $60.6M |
| Investment in real estate | $30.5B | $30.0B | $28.7B | $28.1B |
| Accumulated depreciation | ($11.0B) | ($10.4B) | ($9.8B) | ($9.0B) |
| Investment in real estate, net | $19.4B | $19.6B | $18.9B | $19.1B |
| Investments in unconsolidated entities | $325.9M | $386.5M | $282.0M | $279.0M |
| Cash and cash equivalents | $55.9M | $62.3M | $50.7M | $53.9M |
| Restricted deposits | $103.0M | $97.9M | $89.3M | $83.3M |
| Right-of-use assets | $454.9M | $455.4M | $457.3M | $463.0M |
| Other assets | $367.4M | $273.7M | $253.0M | $278.2M |
| Total assets | $20.7B | $20.8B | $20.0B | $20.2B |
| Mortgage notes payable, net | $1.6B | $1.6B | $1.6B | $2.0B |
| Notes, net | $6.0B | $5.9B | $5.3B | $5.3B |
| Line of credit and commercial paper | $586.6M | $543.7M | $409.1M | $130.0M |
| Accounts payable and accrued expenses | $109.2M | $99.3M | $104.4M | $96.0M |
| Accrued interest payable | $73.9M | $74.2M | $65.7M | $66.3M |
| Lease liabilities | $304.6M | $304.9M | $311.6M | $308.7M |
| Other liabilities | $324.6M | $310.6M | $255.5M | $306.9M |
| Security deposits | $82.2M | $75.6M | $69.2M | $68.9M |
| Distributions payable | $267.5M | $263.5M | $259.2M | $244.6M |
| Total liabilities | $9.3B | $9.2B | $8.5B | $8.5B |
| Redeemable Noncontrolling Interests – Operating Partnership | $176.3M | $338.6M | $289.2M | $318.3M |
| Preferred Shares of beneficial interest, $0.01 par value; 100,000,000 shares authorized; 343,100 shares issued and outstanding as of December 31, 2025 and December 31, 2024 | 17.2M | 17.2M | 37.3M | 37.3M |
| Common Shares of beneficial interest, $0.01 par value; 1,000,000,000 shares authorized; 377,806,173 shares issued and outstanding as of December 31, 2025 and 379,475,383 shares issued and outstanding as of December 31, 2024 | 3.8M | 3.8M | 3.8M | 3.8M |
| Paid in capital | $9.8B | $9.6B | $9.6B | $9.5B |
| Retained earnings | $1.2B | $1.4B | $1.4B | $1.7B |
| Accumulated other comprehensive income (loss) | $2.2M | $4.2M | $5.7M | ($2.5M) |
| Total shareholders’ equity | $11.0B | $11.0B | $11.1B | $11.2B |
| Operating Partnership | $192.1M | $201.9M | $202.3M | $210.0M |
| Partially Owned Properties | ($789.0K) | ($718.0K) | $994.0K | ($721.0K) |
| Total Noncontrolling Interests | $191.3M | $201.2M | $203.3M | $209.2M |
| Total equity | $11.2B | $11.2B | $11.3B | $11.4B |
| Total liabilities and equity/capital | $20.7B | $20.8B | $20.0B | $20.2B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Land | $5.5B | $5.6B | $5.6B | $5.6B |
| Depreciable property | $24.8B | $24.8B | $24.8B | $24.7B |
| Projects under development | $58.3M | $86.0M | $163.2M | $168.6M |
| Land held for development | $58.3M | $57.9M | $57.0M | $60.0M |
| Investment in real estate | $30.4B | $30.5B | $30.6B | $30.6B |
| Accumulated depreciation | ($11.5B) | ($11.3B) | ($11.0B) | ($10.8B) |
| Investment in real estate, net | $19.0B | $19.3B | $19.6B | $19.8B |
| Investments in unconsolidated entities | $323.3M | $325.6M | $400.1M | $403.8M |
| Cash and cash equivalents | $36.4M | $34.7M | $93.1M | $31.3M |
| Restricted deposits | $107.0M | $104.4M | $106.4M | $100.7M |
| Right-of-use assets | $450.5M | $452.3M | $449.7M | $449.6M |
| Other assets | $371.5M | $319.1M | $390.1M | $282.0M |
| Total assets | $20.3B | $20.5B | $21.1B | $21.0B |
| Mortgage notes payable, net | $1.6B | $1.6B | $1.6B | $1.6B |
| Notes, net | $6.0B | $6.0B | $6.0B | $6.0B |
| Line of credit and commercial paper | $667.8M | $748.4M | $846.2M | $782.1M |
| Accounts payable and accrued expenses | $120.2M | $141.6M | $154.0M | $108.8M |
| Accrued interest payable | $73.5M | $52.5M | $54.6M | $75.7M |
| Lease liabilities | $303.8M | $303.8M | $304.8M | $302.8M |
| Other liabilities | $277.3M | $306.2M | $298.3M | $290.1M |
| Security deposits | $83.1M | $82.3M | $82.6M | $81.2M |
| Distributions payable | $269.5M | $269.4M | $269.9M | $270.7M |
| Total liabilities | $9.4B | $9.5B | $9.6B | $9.5B |
| Redeemable Noncontrolling Interests – Operating Partnership | $189.9M | $165.4M | $181.6M | $317.9M |
| Preferred Shares of beneficial interest, $0.01 par value; 100,000,000 shares authorized; 343,100 shares issued and outstanding as of June 30, 2026 and December 31, 2025 | 17.2M | 17.2M | 17.2M | 17.2M |
| Common Shares of beneficial interest, $0.01 par value; 1,000,000,000 shares authorized; 374,893,890 shares issued and outstanding as of June 30, 2026 and 377,806,173 shares issued and outstanding as of December 31, 2025 | 3.7M | 3.7M | 3.8M | 3.8M |
| Paid in capital | $9.8B | $9.8B | $9.8B | $9.7B |
| Retained earnings | $651.1M | $800.7M | $1.3B | $1.3B |
| Accumulated other comprehensive income (loss) | $2.7M | $2.5M | $1.9M | $1.6M |
| Total shareholders’ equity | $10.5B | $10.7B | $11.1B | $11.0B |
| Operating Partnership | $182.8M | $187.1M | $200.2M | $202.7M |
| Partially Owned Properties | ($1.2M) | ($1.6M) | ($1.8M) | ($2.5M) |
| Total Noncontrolling Interests | $181.7M | $185.6M | $198.5M | $200.3M |
| Total equity | $10.7B | $10.9B | $11.3B | $11.2B |
| Total liabilities and equity/capital | $20.3B | $20.5B | $21.1B | $21.0B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $1.2B | $1.1B | $868.5M | $807.0M |
| Depreciation | $1.0B | $952.2M | $888.7M | $882.2M |
| Amortization of right-of-use assets | $12.8M | $14.5M | $12.8M | $12.2M |
| Distributions from unconsolidated entities – return on capital | $4.5M | $555.0K | $559.0K | $398.0K |
| Net (gain) loss on sales of real estate properties | ($626.4M) | ($546.8M) | ($282.5M) | ($304.3M) |
| Net (gain) loss on sales of land parcels | $80.0K | — | — | — |
| Realized (gain) loss on investment securities | $51.0K | $2.0M | ($1.5M) | ($2.1M) |
| Unrealized (gain) loss on investment securities | ($25.4M) | ($19.9M) | ($13.5M) | — |
| Compensation paid with Company Common Shares | 32.2M | 31.3M | 31.8M | 29.5M |
| (Increase) decrease in other assets | ($8.7M) | ($11.8M) | ($10.2M) | $10.9M |
| Increase (decrease) in accounts payable and accrued expenses | $15.4M | $3.2M | $8.9M | ($266.0K) |
| Increase (decrease) in accrued interest payable | ($316.0K) | $8.5M | ($594.0K) | ($3.2M) |
| Increase (decrease) in lease liabilities | ($2.3M) | ($3.9M) | ($1.6M) | ($1.5M) |
| Increase (decrease) in other liabilities | $36.2M | $36.7M | $5.4M | ($13.4M) |
| Increase (decrease) in security deposits | $6.1M | $6.4M | $238.0K | $2.8M |
| Net cash provided by operating activities | $1.6B | $1.6B | $1.5B | $1.5B |
| Investment in real estate – acquisitions | ($661.6M) | ($1.6B) | ($324.5M) | ($113.0M) |
| Investment in real estate – development/other | ($111.8M) | ($129.8M) | ($78.2M) | ($109.3M) |
| Capital expenditures to real estate | ($342.0M) | ($301.4M) | ($319.3M) | ($221.1M) |
| Non-real estate capital additions | ($4.6M) | ($2.8M) | ($1.9M) | ($4.0M) |
| Interest capitalized for real estate and unconsolidated entities under development | ($12.4M) | ($14.5M) | ($12.3M) | ($7.1M) |
| Proceeds from disposition of real estate, net | $1.1B | $960.4M | $374.0M | $720.3M |
| Investments in unconsolidated entities - development/other | ($85.8M) | ($78.4M) | ($47.2M) | ($109.8M) |
| Distributions from unconsolidated entities – return of capital | $13.9M | $1.4M | $42.0K | $300.0K |
| Purchase of investment securities and other investments | ($250.0K) | — | ($2.5M) | ($2.1M) |
| Proceeds from sale of investment securities | $1.0M | $15.0M | $3.0M | $3.6M |
| Mortgage receivables from unconsolidated entities - issuances | ($102.3M) | — | — | — |
| Mortgage receivables from unconsolidated entities - repayments | $45.5M | — | — | — |
| Net cash provided by (used for) investing activities | ($321.4M) | ($1.2B) | ($409.5M) | $107.8M |
| Lump sum payoffs | ($37.9M) | — | ($932.6M) | ($286.5M) |
| Scheduled principal repayments | ($6.8M) | ($6.1M) | ($3.4M) | ($3.4M) |
| Proceeds | $498.6M | $598.0M | $572.9M | $48.1M |
| Lump sum payoffs | ($450.0M) | — | — | ($500.0M) |
| Commercial paper proceeds | $47.9B | $33.1B | $6.1B | $6.0B |
| Commercial paper repayments | ($47.9B) | ($33.0B) | ($5.8B) | ($6.2B) |
| Finance ground lease principal payments | ($2.9M) | ($2.9M) | ($2.7M) | ($2.5M) |
| Proceeds from Employee Share Purchase Plan (ESPP) | 2.7M | 3.5M | 3.5M | 4.2M |
| Proceeds from exercise of options | $5.5M | $23.0M | $23.6M | $25.1M |
| Common Shares repurchased and retired | -280.7M | -38.5M | -49.1M | — |
| Payment of offering costs | ($763.0K) | — | — | ($783.0K) |
| Other financing activities, net | ($105.0K) | ($94.0K) | ($75.0K) | ($63.0K) |
| Contributions – Noncontrolling Interests – Operating Partnership | $5.0K | $2.0K | $1.0K | $1.0K |
| Common Shares | -1.0B | -1.0B | -990.1M | -931.8M |
| Preferred Shares | -1.4M | -2.4M | -3.1M | -2.3M |
| Noncontrolling Interests – Operating Partnership | ($29.7M) | ($30.4M) | ($30.3M) | ($30.3M) |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $210.8M | $93.1M | $760.5M | $463.6M |
| Depreciation | $493.9M | $247.5M | $752.3M | $497.6M |
| Amortization of deferred financing costs | $4.3M | $2.1M | $6.4M | $4.2M |
| Amortization of discounts and premiums on debt | $2.6M | $1.3M | $4.0M | $2.6M |
| Amortization of deferred settlements on derivative instruments | $567.0K | $282.0K | $1.2M | $945.0K |
| Amortization of right-of-use assets | $6.4M | $3.2M | $9.6M | $6.4M |
| Write-off of pursuit costs | $1.6M | $954.0K | $6.1M | $2.0M |
| (Income) loss from investments in unconsolidated entities | $4.4M | $2.0M | $15.4M | $11.4M |
| Distributions from unconsolidated entities – return on capital | $4.3M | $1.5M | $2.7M | $243.0K |
| Net (gain) loss on sales of real estate properties | $16.8M | $32.0K | ($355.1M) | ($212.4M) |
| Realized (gain) loss on investment securities | ($10.1M) | — | $51.0K | $49.0K |
| Unrealized (gain) loss on investment securities | ($241.0K) | — | ($25.4M) | — |
| Compensation paid with Company Common Shares | 19.2M | 9.6M | 27.0M | 21.6M |
| (Increase) decrease in other assets | ($16.9M) | $31.2M | $3.3M | ($18.7M) |
| Increase (decrease) in accounts payable and accrued expenses | $6.4M | $31.6M | $55.8M | $10.9M |
| Increase (decrease) in accrued interest payable | ($410.0K) | ($21.4M) | ($19.5M) | $1.5M |
| Increase (decrease) in lease liabilities | ($1.2M) | ($616.0K) | ($1.7M) | ($1.1M) |
| Increase (decrease) in other liabilities | ($40.9M) | ($2.1M) | $12.3M | ($11.4M) |
| Increase (decrease) in security deposits | $921.0K | $151.0K | $6.9M | $5.5M |
| Net cash provided by operating activities | $702.4M | $400.5M | $1.3B | $785.1M |
| Investment in real estate – acquisitions | ($1.3M) | — | ($637.9M) | ($534.9M) |
| Investment in real estate – development/other | ($40.1M) | ($23.7M) | ($82.0M) | ($59.7M) |
| Capital expenditures to real estate | ($160.3M) | ($62.0M) | ($243.6M) | ($144.4M) |
| Non-real estate capital additions | ($2.0M) | ($1.3M) | ($1.3M) | ($1.0M) |
| Interest capitalized for real estate and unconsolidated entities under development | ($4.7M) | ($2.6M) | ($9.6M) | ($6.7M) |
| Proceeds from disposition of real estate, net | $153.2M | — | $589.1M | $343.1M |
| Investments in unconsolidated entities - development/other | ($6.4M) | ($2.6M) | ($83.6M) | ($62.0M) |
| Distributions from unconsolidated entities – return of capital | $2.0M | — | $1.0M | $331.0K |
| Proceeds from sale of investment securities | $14.6M | — | $1.0M | $359.0K |
| Net cash provided by (used for) investing activities | ($45.0M) | ($92.2M) | ($623.1M) | ($519.0M) |
| Line of credit proceeds | $1.0M | $1.0M | — | — |
| Line of credit repayments | ($1.0M) | ($1.0M) | — | — |
| Commercial paper proceeds | $26.9B | $6.9B | $33.4B | $18.8B |
| Commercial paper repayments | ($26.8B) | ($6.7B) | ($33.1B) | ($18.6B) |
| Finance ground lease principal payments | ($1.5M) | ($739.0K) | ($2.2M) | ($1.5M) |
| Proceeds from Employee Share Purchase Plan (ESPP) | 1.5M | 1.1M | 2.0M | 1.4M |
| Proceeds from exercise of options | $6.9M | $425.0K | $5.4M | $5.4M |
| Common Shares repurchased and retired | -219.4M | -219.4M | -94.3M | — |
| Other financing activities, net | ($53.0K) | ($7.0K) | ($60.0K) | ($53.0K) |
| Contributions – Noncontrolling Interests – Operating Partnership | $2.0K | — | $5.0K | $4.0K |
| Common Shares | -525.1M | -261.9M | -782.6M | -519.4M |
| Preferred Shares | -711.0K | -356.0K | -1.1M | -711.0K |
| Noncontrolling Interests – Operating Partnership | ($13.3M) | ($7.1M) | ($23.5M) | ($15.9M) |
| Noncontrolling Interests – Partially Owned Properties | ($2.5M) | ($1.9M) | ($4.4M) | ($4.0M) |
| Net cash provided by (used for) financing activities | ($672.9M) | ($328.1M) | ($599.3M) | ($294.3M) |
Vivmark Residential score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.