Veris Residential (VRE) Stock Overview
A forward-thinking real estate investment trust (REIT) that primarily owns, operates, acquires and develops premier Class A multifamily properties in the Northeast. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 1/6 |
| Dividends | 3/6 |
Rewards
Risk Analysis
VRE Community Fair Values
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Analyst Price Targets
Veris Residential, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$19.00 |
| 52 Week High | US$19.03 |
| 52 Week Low | US$13.69 |
| Beta | 1.07 |
| 1 Month Change | 0.37% |
| 3 Month Change | 0.90% |
| 1 Year Change | 30.32% |
| 3 Year Change | 18.31% |
| 5 Year Change | 11.31% |
| Change since IPO | 10.14% |
Recent News & Updates
Narrative Update • May 19
VRE: Go Private Deal And Governance Changes Will Shape Balanced Outlook
Analysts have kept their $19.00 price target for Veris Residential unchanged, highlighting updated assumptions around the discount rate, revenue growth, profit margin, and future P/E that offset each other in their latest models. What's in the News Veris Residential agreed to be taken private in an all cash transaction valued at $3.4 billion including debt by a consortium led by Affinius Capital and Vista Hill Partners, with shareholders set to receive $19 per share, subject to approvals and closing conditions (company announcement).
Narrative Update • Apr 25
VRE: Future Returns Will Reflect Take Private Deal And Bylaw Litigation Risks
Analysts have raised their price target on Veris Residential from $19.00 to $19.75, citing updated assumptions for revenue growth, profit margins, the discount rate, and the future P/E, which they view as better reflecting the company’s current risk and return profile. What's in the News Veris Residential agreed to be taken private in an all cash transaction valued at US$3.4b including debt by a consortium led by Affinius Capital and Vista Hill Partners.Narrative Update • Apr 09
VRE: Governance Shifts And Lower Discount Rate Will Shape Balanced Outlook
Analysts have raised their price target on Veris Residential from $15.00 to $19.00, citing updated views on fair value, a lower discount rate, and revised expectations for revenue growth, profit margins, and future P/E levels. What's in the News The board adopts a First Amendment to the Fourth Amended and Restated Bylaws in connection with a Merger Agreement, indicating governance changes tied to a pending transaction (Key Developments).Narrative Update • Mar 25
VRE: Future Returns Will Reflect New Bylaw Risks And Earnings Uncertainty
Analysts have lifted their price target on Veris Residential from $18.00 to $19.00, citing updated assumptions around a 0.22% revenue growth outlook, a 7.61% discount rate, a 1.45% profit margin, and a very large forward P/E of around 514x. What's in the News On February 22, 2026, the board adopted the First Amendment to the Fourth Amended and Restated Bylaws in connection with the execution of a Merger Agreement, updating corporate governance terms around legal disputes (Key Developments).Recent updates
Narrative Update • May 19
VRE: Go Private Deal And Governance Changes Will Shape Balanced Outlook
Analysts have kept their $19.00 price target for Veris Residential unchanged, highlighting updated assumptions around the discount rate, revenue growth, profit margin, and future P/E that offset each other in their latest models. What's in the News Veris Residential agreed to be taken private in an all cash transaction valued at $3.4 billion including debt by a consortium led by Affinius Capital and Vista Hill Partners, with shareholders set to receive $19 per share, subject to approvals and closing conditions (company announcement).Narrative Update • Apr 25
VRE: Future Returns Will Reflect Take Private Deal And Bylaw Litigation Risks
Analysts have raised their price target on Veris Residential from $19.00 to $19.75, citing updated assumptions for revenue growth, profit margins, the discount rate, and the future P/E, which they view as better reflecting the company’s current risk and return profile. What's in the News Veris Residential agreed to be taken private in an all cash transaction valued at US$3.4b including debt by a consortium led by Affinius Capital and Vista Hill Partners.Narrative Update • Apr 09
VRE: Governance Shifts And Lower Discount Rate Will Shape Balanced Outlook
Analysts have raised their price target on Veris Residential from $15.00 to $19.00, citing updated views on fair value, a lower discount rate, and revised expectations for revenue growth, profit margins, and future P/E levels. What's in the News The board adopts a First Amendment to the Fourth Amended and Restated Bylaws in connection with a Merger Agreement, indicating governance changes tied to a pending transaction (Key Developments).Narrative Update • Mar 25
VRE: Future Returns Will Reflect New Bylaw Risks And Earnings Uncertainty
Analysts have lifted their price target on Veris Residential from $18.00 to $19.00, citing updated assumptions around a 0.22% revenue growth outlook, a 7.61% discount rate, a 1.45% profit margin, and a very large forward P/E of around 514x. What's in the News On February 22, 2026, the board adopted the First Amendment to the Fourth Amended and Restated Bylaws in connection with the execution of a Merger Agreement, updating corporate governance terms around legal disputes (Key Developments).Seeking Alpha • Feb 25
Veris Residential: Acquisition Could Catalyze Multifamily REITs
Summary Veris is being acquired by an Affinius Capital-led group at a 23% premium, unlocking value after prolonged public market undervaluation. VRE’s transformation into a pure-play multifamily REIT with high-income tenants and Class A assets in premier markets culminates in this strategic sale. The $19 per share all-cash transaction, expected to close in Q2, reflects a persistent NAV discount and validates management’s portfolio repositioning. VRE receives a Hold rating as the deal highlights renewed interest in public REITs and may catalyze further sector revaluations or privatizations. Read the full article on Seeking Alpha
New Narrative • Mar 23
Prism Plan Will Boost Efficiency And Reduce Expenses
Strategic asset sales are aimed at reducing leverage and enhancing shareholder value, with potential for improved earnings and debt reduction.Seeking Alpha • Nov 22
Veris Residential Is An Innovator In Multifamily Real Estate
Summary Veris Residential, Inc. is a multifamily REIT focusing on sustainable, urban properties for affluent renters, leveraging AI for operational efficiency and tenant engagement. Veris Residential's innovative use of AI, such as the leasing assistant Quinn, has improved lead generation, reduced payroll expenses, and enhanced resident experience. VRE benefits from urban market trends, particularly in NYC, with high rent growth and low vacancy rates, but still holds a “Hold” rating for further stabilization. Read the full article on Seeking AlphaSeeking Alpha • Jul 31
Veris Residential Q2 Earnings: Finding Their Footing Under A New Brand
Summary Veris Residential underwent a major transformation, shifting from a diversified REIT to a multifamily landlord with a socially conscious business model. VRE focuses on luxury apartments in the Northeast, with an average monthly rental rate of nearly $4,000 per unit. VRE reported strong Q2 earnings, showcasing rental growth, dispositions, and commitment to their new brand. The company failed to execute on the transaction of 55 Riverwalk Place because the board felt it could tarnish their commitment to social responsibility. Read the full article on Seeking AlphaSeeking Alpha • Dec 29
Veris's Future Profitability Is Unclear During Transition To Multifamily REIT
Summary Veris is a luxury residential REIT focusing on Class A properties in high density urban areas. Overvalued relative to peers on a P/AFFO basis. $12 price target based on application of peer P/AFFO multiple to Veris's current AFFO per share. Read the full article on Seeking AlphaSeeking Alpha • Dec 23
Veris Residential: A Turnaround In Process
Summary Veris Residential is a REIT focused on Class-A multi-family properties in the Northeast. The company is in the process of becoming a pure-play multifamily REIT and has already made some necessary divestments. However, problems related to profitability, leverage, and liquidity make it unattractive right now. Its dividend yield is also too low to make it worthy for an income portfolio. Moreover, it is surprisingly fairly valued which creates another risk for value investors. Read the full article on Seeking AlphaSeeking Alpha • Sep 12
Veris Residential: Newest Results Show An Improvement Of The Company's Operations (Upgrade)
Summary Veris Residential is a now multifamily REIT which has been implementing a strategy to sell off their office and hotel properties for a few years. The company's financial results show a positive growth, however, the balance sheet is something to look out for. I present my analysis which leads me to a HOLD rating. Read the full article on Seeking AlphaShareholder Returns
| VRE | US Residential REITs | US Market | |
|---|---|---|---|
| 7D | 0.1% | 1.8% | 1.1% |
| 1Y | 30.3% | -5.5% | 28.7% |
Return vs Industry: VRE exceeded the US Residential REITs industry which returned -5.5% over the past year.
Return vs Market: VRE exceeded the US Market which returned 28.7% over the past year.
Price Volatility
| VRE volatility | |
|---|---|
| VRE Average Weekly Movement | 0.3% |
| Residential REITs Industry Average Movement | 2.8% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.4% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: VRE has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: VRE's weekly volatility (0%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1949 | 181 | Mahbod Nia | www.verisresidential.com |
Veris Residential, Inc. is a forward-thinking real estate investment trust (REIT) that primarily owns, operates, acquires and develops premier Class A multifamily properties in the Northeast. Our technology-enabled, vertically integrated operating platform delivers a contemporary living experience aligned with residents' preferences while positively impacting the communities we serve. We are guided by an experienced management team and Board of Directors, underpinned by leading corporate governance principles; a best-in-class approach to operations; and an inclusive culture based on meritocratic empowerment.
Veris Residential, Inc. Fundamentals Summary
| VRE fundamental statistics | |
|---|---|
| Market cap | US$1.94b |
| Earnings (TTM) | US$68.29m |
| Revenue (TTM) | US$292.16m |
26.1x
P/E Ratio6.1x
P/S RatioIs VRE overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| VRE income statement (TTM) | |
|---|---|
| Revenue | US$292.16m |
| Cost of Revenue | US$110.67m |
| Gross Profit | US$181.49m |
| Other Expenses | US$113.20m |
| Earnings | US$68.29m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.73 |
| Gross Margin | 62.12% |
| Net Profit Margin | 23.37% |
| Debt/Equity Ratio | 109.0% |
How did VRE perform over the long term?
See historical performance and comparisonDividends
1.7%
Current Dividend Yield47%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/25 02:55 |
| End of Day Share Price | 2026/05/22 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Veris Residential, Inc. is covered by 14 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ross Smotrich | Barclays |
| Jana Galan | BofA Global Research |
| William Catherwood | BTIG |