Veris Residential (DB:WY4) - Stock Price, News & Analysis

WY4 Stock Overview

WY4 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	2/6
Dividends	2/6

Rewards

Risk Analysis

Currently unprofitable and not forecast to become profitable over the next 3 years

Veris Residential, Inc. Competitors

alstria office REIT-AG

XTRA:AOX

€607.1m

Hamborner REIT

XTRA:HABA

€555.6m

GSW Immobilien

DB:GIB

€5.0b

Kenedix Residential Next Investment

TSE:3278

JP¥225.3b

Price History & Performance

Summary of all time highs, changes and price drops for Veris Residential
Historical stock prices
Current Share Price	US$13.90
52 Week High	US$17.30
52 Week Low	US$12.20
Beta	1.21
1 Month Change	2.21%
3 Month Change	-2.11%
1 Year Change	0%
3 Year Change	3.73%
5 Year Change	-32.29%
Change since IPO	-66.10%

Recent updates

Shareholder Returns

	WY4	DE Residential REITs	DE Market
7D	6.1%	0%	0%
1Y	0%	0%	0%

Return vs Industry: WY4 exceeded the German Residential REITs industry which returned -11.5% over the past year.

Return vs Market: WY4 matched the German Market which returned -0.3% over the past year.

Price Volatility

Is WY4's price volatile compared to industry and market?
WY4 volatility
WY4 Average Weekly Movement	4.0%
Residential REITs Industry Average Movement	0%
Market Average Movement	0%
10% most volatile stocks in DE Market	0%
10% least volatile stocks in DE Market	0%

Stable Share Price: WY4 has not had significant price volatility in the past 3 months.

Volatility Over Time: WY4's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1949	197	Mahbod Nia	www.verisresidential.com

Veris Residential, Inc. is a forward-thinking, environmentally and socially conscious real estate investment trust (REIT) that primarily owns, operates, acquires and develops holistically-inspired, Class A multifamily properties that meet the sustainability-conscious lifestyle needs of today's residents while seeking to positively impact the communities it serves and the planet at large. The company is guided by an experienced management team and Board of Directors and is underpinned by leading corporate governance principle; a best-in-class and sustainable approach to operations; and an inclusive culture based on equality and meritocratic empowerment.

Veris Residential, Inc. Fundamentals Summary

How do Veris Residential's earnings and revenue compare to its market cap?
WY4 fundamental statistics
Market cap	€1.41b
Earnings (TTM)	-€143.33m
Revenue (TTM)	€266.11m

4.8x

P/S Ratio

-9.0x

P/E Ratio

Is WY4 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
WY4 income statement (TTM)
Revenue	US$283.58m
Cost of Revenue	US$122.85m
Gross Profit	US$160.73m
Other Expenses	US$313.48m
Earnings	-US$152.74m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

Apr 24, 2024

Earnings per share (EPS)	-1.66
Gross Margin	56.68%
Net Profit Margin	-53.86%
Debt/Equity Ratio	142.1%

How did WY4 perform over the long term?

See historical performance and comparison

Dividends

1.4%

Current Dividend Yield

25%

Payout Ratio

WY4 Stock Overview

Rewards

Risk Analysis

Veris Residential, Inc. Competitors

XTRA:AOX

€607.1m

XTRA:HABA

€555.6m

DB:GIB

€5.0b

TSE:3278

JP¥225.3b

Price History & Performance

Recent News & Updates

Veris Residential, Inc. to Report Q1, 2024 Results on Apr 24, 2024

Upcoming dividend of US$0.052 per share

Now 23% overvalued

Now 21% overvalued

Veris Residential, Inc. Declares Cash Dividend for the First Quarter 2024, Payable on April 16, 2024

Veris Residential, Inc. Provides Earnings Guidance for the Year 2024

Recent updates

Veris Residential, Inc. to Report Q1, 2024 Results on Apr 24, 2024

Upcoming dividend of US$0.052 per share

Now 23% overvalued

Now 21% overvalued

Veris Residential, Inc. Declares Cash Dividend for the First Quarter 2024, Payable on April 16, 2024

Veris Residential, Inc. Provides Earnings Guidance for the Year 2024

Veris Residential, Inc. Reports Impairment Charges for the Fourth Quarter Ended December 31, 2023

Full year 2023 earnings released: US$1.61 loss per share (vs US$0.63 loss in FY 2022)

Veris Residential, Inc. to Report Q4, 2023 Results on Feb 21, 2024

Veris Residential, Inc. to Report Q4, 2023 Results on Feb 21, 2024

Veris Residential, Inc. Declares a Cash Dividend for the Fourth Quarter Ending December 31, 2023, Payable on January 10, 2024

Veris Residential, Inc. has filed a Follow-on Equity Offering in the amount of $100 million.

Veris Residential, Inc. Raises Earnings Guidance for the Year 2023

Third quarter 2023 earnings released: US$0.61 loss per share (vs US$1.11 loss in 3Q 2022)

Veris Residential, Inc. to Report Q3, 2023 Results on Oct 25, 2023

Upcoming dividend of US$0.05 per share at 1.1% yield

Veris Residential, Inc. Reinstates Quarterly Dividend Effective for the Third Quarter of 2023, Payable on October 10, 2023

Second quarter 2023 earnings released: US$0.27 loss per share (vs US$0.29 profit in 2Q 2022)

Veris Residential, Inc. to Report Q2, 2023 Results on Jul 26, 2023

Full year 2022 earnings released: US$0.56 loss per share (vs US$1.79 loss in FY 2021)

High number of new directors

Kushner Companies Sends a Letter to Shareholders of Veris Residential

Veris Residential, Inc. to Report Q4, 2022 Results on Feb 21, 2023

Kushner Companies Denies Dropping Veris Buyout Interest

HEI Hospitality, LLC and Taconic Capital Advisors L.P. acquired Hyatt Regency Jersey City from Veris Residential, Inc. (NYSE:VRE) and Hyatt Hotels Corporation (NYSE:H) for approximately $100 million.

Kushner Companies LLC cancelled the acquisition of Veris Residential, Inc. (NYSE:VRE) from Howard Shainker, A. Akiva Katz, Bow Street, LLC, Tammy K. Jones, Alan R. Batkin, Frederic Cumenal, Nori Gerardo Lietz, Victor B. MacFarlane, Mahbod Nia and others.

Third quarter 2022 earnings released: US$1.12 loss per share (vs US$0.34 loss in 3Q 2021)

Now 20% undervalued

CEO & Director recently bought €1.0m worth of stock

Veris Residential, Inc. to Report Q3, 2022 Results on Nov 02, 2022

An unknown buyer entered into a binding agreement to acquire Harborside 1, 2 and 3 from Veris Residential, Inc. (NYSE:VRE) for $420 million.

Second quarter 2022 earnings released: EPS: US$0.33 (vs US$0.86 loss in 2Q 2021)

Veris Residential, Inc. to Report Q2, 2022 Results on Aug 03, 2022

First quarter 2022 earnings released: FFO: US$98.8m per share (vs US$0.18 in 1Q 2021)

Veris Residential, Inc. (NYSE:VRE) entered into an agreement to acquire The James Located In Park Ridge, NJ for $130 million.

Veris Residential, Inc. (NYSE:VRE) entered into an agreement to acquire The James Located In Park Ridge, NJ for $130 million.

Veris Residential, Inc., Annual General Meeting, Jun 15, 2022

High number of new and inexperienced directors

Veris Residential, Inc. Terminates Employment of Its Executive Vice President, General Counsel and Secretary Gary T. Wagner

Veris Residential, Inc. to Report Q1, 2022 Results on May 04, 2022

Veris Residential, Inc. Announces Management Changes

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Veris Residential, Inc. Announces Impairment for the Three Months Ended December 31, 2021

Veris Residential, Inc. to Report Fiscal Year 2021 Results on Feb 23, 2022

SJP Properties and David Werner Real Estate Investments acquired Waterfront Corporate Center I in Hoboken from Veris Residential, Inc. (NYSE:VRE).

Veris Residential, Inc.(NYSE:VRE) dropped from PSE All Share Index

Third quarter 2021 earnings released: US$0.32 loss per share (vs US$0.84 loss in 3Q 2020)

The Birch Group agreed to acquire 101 Hudson Street in Jersey City from Mack-Cali Realty Corporation (NYSE:CLI) for $380 million.

Second quarter 2021 earnings released: US$0.84 loss per share (vs US$0.51 loss in 2Q 2020)

Crown Acquisitions Inc. acquired River Centre from Mack-Cali Realty Corporation (NYSE:CLI) for $84 million.

Independent Director Michael Berman has left the company

Independent Director MaryAnne Gilmartin has left the company

Mack-Cali Realty Corporation Unveils Latest Phase of Harborside Campus

First quarter 2021 earnings released: US$0.25 loss per share (vs US$0.41 loss in 1Q 2020)

Mack-Cali Realty Corporation Announces Executive Changes

Mack-Cali Realty Corporation Names Executive Changes

Full year 2020 earnings released: US$1.38 loss per share (vs US$2.04 profit in FY 2019)

Revenue misses expectations

New 90-day high: €12.50