Veris Residential, Inc.

NYSE:VRE Stock Report

Market Cap: US$1.9b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Veris Residential Future Growth

Future criteria checks 0/6

Veris Residential's earnings are forecast to decline at 69.6% per annum while its annual revenue is expected to grow at 1.1% per year. EPS is expected to decline by 141.7% per annum. Return on equity is forecast to be -0.9% in 3 years.

Key information

-69.6%

Earnings growth rate

-141.67%

EPS growth rate

Residential REITs earnings growth-7.2%
Revenue growth rate1.1%
Future return on equity-0.86%
Analyst coverage

Low

Last updated23 Apr 2026

Recent future growth updates

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
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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 Alpha
Seeking 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 Alpha

Earnings and Revenue Growth Forecasts

NYSE:VRE - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20282954N/AN/A1
12/31/2027288-3N/AN/A3
12/31/2026286-5N/AN/A1
3/31/2026292687777N/A
12/31/2025293717676N/A
9/30/2025290596262N/A
6/30/2025285-236363N/A
3/31/2025278-325050N/A
12/31/2024274-275252N/A
9/30/2024273-295353N/A
6/30/2024271-744848N/A
3/31/2024268-994949N/A
12/31/2023263-1204646N/A
9/30/2023263-1324040N/A
6/30/2023259-1014545N/A
3/31/2023248-574747N/A
12/31/2022214-626666N/A
9/30/2022254-647575N/A
6/30/2022272-717474N/A
3/31/2022295-1716161N/A
12/31/2021191-1705656N/A
9/30/2021307-1165050N/A
6/30/2021307-1604545N/A
3/31/2021300-1266868N/A
12/31/2020304-1428585N/A
9/30/2020330-1088888N/A
6/30/2020337-90131131N/A
3/31/2020350-86129129N/A
12/31/2019356185N/A132N/A
9/30/2019231153N/A162N/A
6/30/2019275207N/A154N/A
3/31/2019315243N/A156N/A
12/31/201837252N/A167N/A
9/30/201854231N/A160N/A
6/30/201856971N/A174N/A
3/31/201860235N/A202N/A
12/31/2017454-15N/A196N/A
9/30/201762221N/A158N/A
6/30/2017642-23N/A139N/A
3/31/201763165N/A126N/A
12/31/2016633117N/A100N/A
9/30/201662570N/A150N/A
6/30/2016595-48N/A155N/A
3/31/2016593-61N/A156N/A
12/31/2015592-126N/A169N/A
9/30/2015597-103N/A168N/A
6/30/201560226N/A154N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: VRE's earnings are forecast to decline over the next 3 years (-69.6% per year).

Earnings vs Market: VRE's earnings are forecast to decline over the next 3 years (-69.6% per year).

High Growth Earnings: VRE's earnings are forecast to decline over the next 3 years.

Revenue vs Market: VRE's revenue (1.1% per year) is forecast to grow slower than the US market (11.7% per year).

High Growth Revenue: VRE's revenue (1.1% 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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/26 05:58
End of Day Share Price 2026/05/26 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

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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.

AnalystInstitution
Ross SmotrichBarclays
Jana GalanBofA Global Research
William CatherwoodBTIG