Veris Residential Future Growth

Future criteria checks 0/6

Veris Residential is forecast to grow earnings and revenue by 48.6% and 1.9% per annum respectively. EPS is expected to grow by 74% per annum. Return on equity is forecast to be -3.7% in 3 years.

Key information

48.6%

Earnings growth rate

74.0%

EPS growth rate

Residential REITs earnings growth	-2.5%
Revenue growth rate	1.9%
Future return on equity	-3.7%
Analyst coverage	Low
Last updated	22 Apr 2024

Recent future growth updates

Recent updates

Veris's Future Profitability Is Unclear During Transition To Multifamily REIT

Dec 29

Veris Residential: A Turnaround In Process

Dec 23

Veris Residential: Newest Results Show An Improvement Of The Company's Operations (Upgrade)

Sep 12

Veris Residential FFO of $0.05 misses by $0.08, revenue of $86.2M misses by $1.15M

Feb 21

Veris Residential holder Madison International seeks possible board seat

Jan 13

Veris Residential gains after rejecting increased Kushner offer; open to dialogue

Dec 12

Analysts Just Made A Substantial Upgrade To Their Mack-Cali Realty Corporation (NYSE:CLI) Forecasts

Jul 20

Mack-Cali sells Red Bank Office portfolio for $84 Million

Jun 14

Mack-Cali Realty FFO beats by $0.04, misses on revenue

May 06

Mack-Cali: A Coattail Idea (With A Harborside View) That Could Double

Dec 22

Mack-Cali's Leverage And Office Related Risks Remain Worrisome

Dec 20

Mack-Cali Realty's (NYSE:CLI) Stock Price Has Reduced 42% In The Past Five Years

Dec 16

Earnings and Revenue Growth Forecasts

NYSE:VRE - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	306	-34	N/A	N/A	2
12/31/2025	303	-33	N/A	N/A	3
12/31/2024	292	-37	N/A	N/A	4
12/31/2023	284	-153	46	46	N/A
9/30/2023	398	-130	40	40	N/A
6/30/2023	389	-98	45	45	N/A
3/31/2023	378	-53	47	47	N/A
12/31/2022	235	-62	66	66	N/A
9/30/2022	254	-64	75	75	N/A
6/30/2022	272	-71	74	74	N/A
3/31/2022	295	-171	61	61	N/A
12/31/2021	191	-170	56	56	N/A
9/30/2021	307	-116	50	50	N/A
6/30/2021	307	-160	45	45	N/A
3/31/2021	300	-126	68	68	N/A
12/31/2020	304	-142	85	85	N/A
9/30/2020	330	-108	88	88	N/A
6/30/2020	337	-90	131	131	N/A
3/31/2020	350	-86	129	129	N/A
12/31/2019	356	185	132	132	N/A
9/30/2019	231	153	162	162	N/A
6/30/2019	275	207	154	154	N/A
3/31/2019	315	243	156	156	N/A
12/31/2018	372	52	167	167	N/A
9/30/2018	542	31	160	160	N/A
6/30/2018	569	71	174	174	N/A
3/31/2018	602	35	202	202	N/A
12/31/2017	454	-15	196	196	N/A
9/30/2017	622	21	N/A	158	N/A
6/30/2017	642	-23	N/A	139	N/A
3/31/2017	631	65	N/A	126	N/A
12/31/2016	633	117	N/A	100	N/A
9/30/2016	625	70	N/A	150	N/A
6/30/2016	595	-48	N/A	155	N/A
3/31/2016	593	-61	N/A	156	N/A
12/31/2015	592	-126	N/A	169	N/A
9/30/2015	597	-103	N/A	168	N/A
6/30/2015	602	26	N/A	154	N/A
3/31/2015	616	41	N/A	171	N/A
12/31/2014	634	29	N/A	159	N/A
9/30/2014	648	-15	N/A	171	N/A
6/30/2014	656	-56	N/A	179	N/A
3/31/2014	664	-99	N/A	177	N/A
12/31/2013	665	-77	N/A	199	N/A
9/30/2013	663	-24	N/A	215	N/A
6/30/2013	660	24	N/A	212	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: VRE is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: VRE is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: VRE is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: VRE's revenue (1.9% per year) is forecast to grow slower than the US market (7.9% per year).

High Growth Revenue: VRE's revenue (1.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: VRE is forecast to be unprofitable in 3 years.

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Veris Residential Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Consensus EPS estimates upgraded to US$0.34 loss

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

Consensus EPS estimates fall by 16%

Consensus EPS estimates fall by 28%

Price target decreased by 8.2% to US$18.00

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

Recent updates

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

Upcoming dividend of US$0.052 per share

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

Consensus EPS estimates upgraded to US$0.34 loss

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

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's Future Profitability Is Unclear During Transition To Multifamily REIT

Veris Residential: A Turnaround In Process

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

Consensus EPS estimates fall by 16%

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

Consensus EPS estimates fall by 28%

Price target decreased by 8.2% to US$18.00

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

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

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: Newest Results Show An Improvement Of The Company's Operations (Upgrade)

Price target increased by 7.6% to US$19.80

Consensus EPS estimates fall by 28%, revenue upgraded

Second quarter 2023 earnings: EPS misses analyst expectations

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

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

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Veris Residential FFO of $0.05 misses by $0.08, revenue of $86.2M misses by $1.15M

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

Veris Residential holder Madison International seeks possible board seat

Veris Residential gains after rejecting increased Kushner offer; open to dialogue

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: Revenues exceed analysts expectations while EPS lags behind

Veris Residential surges after it confirms $16/share buyout bid from Kushner

CEO & Director recently bought US$996k 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.

Veris Residential jumps on $766M sale of Jersey City properties

Veris Residential: Analysis Of The Newest 'Pure Play' Multi-Family REIT

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

Veris Residential: Look At Total Return, Not Just Dividends

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

Price target decreased to US$16.50

Consensus forecasts updated

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

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

Consensus estimates of losses per share improve by 20%

Full year 2021 earnings: EPS and revenues exceed analyst expectations

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.

Consensus forecasts updated

Consensus EPS estimates fall to -US$0.97

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

Analysts Just Made A Substantial Upgrade To Their Mack-Cali Realty Corporation (NYSE:CLI) Forecasts

Consensus forecasts updated

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

Independent Director Michael Berman has left the company