VRE Stock Overview
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. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 3/6 |
| Dividends | 3/6 |
My Notes
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Veris Residential, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$15.64 |
| 52 Week High | US$18.85 |
| 52 Week Low | US$13.84 |
| Beta | 1.27 |
| 1 Month Change | -5.38% |
| 3 Month Change | -9.91% |
| 1 Year Change | 0.26% |
| 3 Year Change | -4.34% |
| 5 Year Change | -30.92% |
| Change since IPO | -9.33% |
Recent News & Updates
Recent updates
Veris Residential Is An Innovator In Multifamily Real Estate
Nov 22Veris Residential Q2 Earnings: Finding Their Footing Under A New Brand
Jul 31Veris's Future Profitability Is Unclear During Transition To Multifamily REIT
Dec 29Veris Residential: A Turnaround In Process
Dec 23Veris Residential: Newest Results Show An Improvement Of The Company's Operations (Upgrade)
Sep 12Veris Residential FFO of $0.05 misses by $0.08, revenue of $86.2M misses by $1.15M
Feb 21Veris Residential holder Madison International seeks possible board seat
Jan 13Veris Residential gains after rejecting increased Kushner offer; open to dialogue
Dec 12Veris Residential surges after it confirms $16/share buyout bid from Kushner
Oct 21Veris Residential jumps on $766M sale of Jersey City properties
Oct 10Veris Residential: Analysis Of The Newest 'Pure Play' Multi-Family REIT
Aug 16Veris Residential: Look At Total Return, Not Just Dividends
Jul 28Shareholder Returns
| VRE | US Residential REITs | US Market | |
|---|---|---|---|
| 7D | -2.3% | 1.0% | 3.8% |
| 1Y | 0.3% | 9.6% | 24.4% |
Return vs Industry: VRE underperformed the US Residential REITs industry which returned 9.6% over the past year.
Return vs Market: VRE underperformed the US Market which returned 24.4% over the past year.
Price Volatility
| VRE volatility | |
|---|---|
| VRE Average Weekly Movement | 3.3% |
| Residential REITs Industry Average Movement | 3.3% |
| Market Average Movement | 6.5% |
| 10% most volatile stocks in US Market | 18.9% |
| 10% least volatile stocks in US Market | 3.2% |
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 (3%) 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
| VRE fundamental statistics | |
|---|---|
| Market cap | US$1.63b |
| Earnings (TTM) | -US$61.27m |
| Revenue (TTM) | US$293.37m |
4.9x
P/S Ratio-23.7x
P/E RatioIs VRE overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| VRE income statement (TTM) | |
|---|---|
| Revenue | US$293.37m |
| Cost of Revenue | US$126.94m |
| Gross Profit | US$166.43m |
| Other Expenses | US$227.71m |
| Earnings | -US$61.27m |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
Feb 24, 2025
| Earnings per share (EPS) | -0.66 |
| Gross Margin | 56.73% |
| Net Profit Margin | -20.89% |
| Debt/Equity Ratio | 133.3% |
How did VRE perform over the long term?
See historical performance and comparisonDividends
2.0%
Current Dividend Yield23%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/22 23:52 |
| End of Day Share Price | 2025/01/22 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 |
| |
| 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 here.
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 .
Analyst Sources
Veris Residential, Inc. is covered by 15 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 |
| Joshua Dennerlein | BofA Global Research |
| Michael Gorman | BTIG |