Veris Residential Balance Sheet Health
Financial Health criteria checks 3/6
Veris Residential has a total shareholder equity of $1.3B and total debt of $1.7B, which brings its debt-to-equity ratio to 133.3%. Its total assets and total liabilities are $3.0B and $1.7B respectively. Veris Residential's EBIT is $37.2M making its interest coverage ratio 0.4. It has cash and short-term investments of $12.8M.
Key information
133.3%
Debt to equity ratio
US$1.68b
Debt
| Interest coverage ratio | 0.4x |
| Cash | US$12.78m |
| Equity | US$1.26b |
| Total liabilities | US$1.75b |
| Total assets | US$3.01b |
Recent financial health updates
No 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 28Financial Position Analysis
Short Term Liabilities: VRE's short term assets ($63.9M) do not cover its short term liabilities ($404.9M).
Long Term Liabilities: VRE's short term assets ($63.9M) do not cover its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: VRE's net debt to equity ratio (132.2%) is considered high.
Reducing Debt: VRE's debt to equity ratio has reduced from 137.6% to 133.3% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable VRE has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: VRE is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 25.1% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 05:41 |
| End of Day Share Price | 2024/12/20 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 |
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| 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 here.
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 .
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 |