VRE - Veris Residential, Inc. Stock Price, Fair Value and News

15.72USD+0.02 (+0.13%)Delayed

Market Summary

USD15.72+0.02

Delayed

0.13%

VRE Alerts

Big jump in Earnings (Y/Y)

Losses in recent quarter

VRE Stock Price

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VRE RSI Chart

VRE Valuation

Market Cap

1.5B

Price/Earnings (Trailing)

-15.96

Price/Sales (Trailing)

5.15

EV/EBITDA

30.47

Price/Free Cashflow

29.61

VRE Price/Sales (Trailing)

VRE Profitability

EBT Margin

-48.05%

Return on Equity

-8.05%

Return on Assets

-2.84%

Free Cashflow Yield

3.38%

VRE Fundamentals

VRE Revenue

Revenue (TTM)

282.5M

Rev. Growth (Yr)

7.58%

Rev. Growth (Qtr)

-10.19%

VRE Earnings

Earnings (TTM)

-91.2M

Earnings Growth (Yr)

80.46%

Earnings Growth (Qtr)

22.73%

Breaking Down VRE Revenue

Last 7 days

0.9%

Last 30 days

12.2%

Last 90 days

0.3%

Trailing 12 Months

-4.6%

How does VRE drawdown profile look like?

VRE Financial Health

VRE Investor Care

Shares Dilution (1Y)

0.98%

Diluted EPS (TTM)

-1

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	282.5M	0	0	0
2023	248.3M	263.2M	271.6M	277.8M
2022	296.3M	270.4M	251.3M	231.9M
2021	306.1M	311.5M	314.5M	326.2M
2020	349.0M	335.1M	325.2M	313.6M
2019	359.2M	361.2M	359.3M	357.2M
2018	564.6M	488.0M	419.0M	365.7M
2017	610.4M	623.9M	626.4M	616.2M
2016	594.1M	594.8M	606.1M	613.4M
2015	620.9M	609.2M	599.9M	594.9M
2014	665.7M	657.7M	650.7M	636.8M
2013	654.4M	660.4M	666.1M	667.0M
2012	693.0M	678.2M	661.8M	650.6M
2011	762.3M	736.8M	712.0M	709.1M
2010	768.2M	783.2M	789.0M	773.7M
2009	0	768.2M	763.5M	758.9M
2008	0	0	0	772.8M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Veris Residential, Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 29, 2024	fielder taryn d.	sold (taxes)	-25,662	14.6225	-1,755	evp, general counsel & sec.
Apr 22, 2024	malhari anna	sold (taxes)	-71,961	14.665	-4,907	evp & chief operating officer
Apr 22, 2024	nia mahbod	gifted	-	-	110,351	chief executive officer
Apr 22, 2024	nia mahbod	sold (taxes)	-1,535,290	14.665	-104,691	chief executive officer
Apr 22, 2024	nia mahbod	gifted	-	-	-110,351	chief executive officer
Apr 22, 2024	nia mahbod	acquired	-	-	174,065	chief executive officer
Apr 22, 2024	malhari anna	acquired	-	-	10,498	evp & chief operating officer
Apr 18, 2024	lombard amanda	sold (taxes)	-15,608	14.1	-1,107	chief financial officer
Mar 18, 2024	fielder taryn d.	sold (taxes)	-38,885	14.808	-2,626	evp, general counsel & sec.

Which funds bought or sold VRE recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	Pineridge Advisors LLC	sold off	-100	-2,611	-	-%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-5.51	-106,801	1,130,320	-%
May 16, 2024	JANE STREET GROUP, LLC	sold off	-100	-1,730,550	-	-%
May 16, 2024	Tidal Investments LLC	added	268	557,729	775,086	0.01%
May 16, 2024	LEVIN CAPITAL STRATEGIES, L.P.	new	-	532,350	532,350	0.05%
May 15, 2024	Voya Investment Management LLC	reduced	-18.06	-105,166	401,088	-%
May 15, 2024	Cubist Systematic Strategies, LLC	sold off	-100	-638,949	-	-%
May 15, 2024	TWO SIGMA ADVISERS, LP	added	78.95	130,962	310,284	-%
May 15, 2024	Tower Research Capital LLC (TRC)	reduced	-96.15	-386,353	14,951	-%
May 15, 2024	CITADEL ADVISORS LLC	added	8.38	87,086	1,901,940	-%

Are Funds Buying or Selling VRE?

Are funds buying VRE calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own VRE

No. of Funds

Unveiling Veris Residential, Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	h/2 credit manager lp	4.66%	4,297,314	SC 13G/A
Feb 13, 2024	prudential financial inc	6.62%	0	SC 13G
Feb 13, 2024	vanguard group inc	13.39%	12,350,430	SC 13G/A
Feb 08, 2024	wellington management group llp	6.30%	5,813,439	SC 13G
Jan 30, 2024	state street corp	5.55%	5,119,834	SC 13G/A
Jan 22, 2024	blackrock inc.	16.4%	15,106,563	SC 13G/A
Jan 22, 2024	blackrock inc.	16.4%	15,106,563	SC 13G/A
Feb 28, 2023	madison international realty holdings, llc	2.86%	2,609,435	SC 13D/A
Feb 14, 2023	blackrock inc.	16.6%	15,111,521	SC 13G/A
Feb 13, 2023	h/2 credit manager lp	5.16%	4,697,314	SC 13G

Recent SEC filings of Veris Residential, Inc.

View All Filings

Date Filed	Form Type	Document
May 01, 2024	4	Insider Trading
Apr 29, 2024	ARS	ARS
Apr 29, 2024	DEF 14A	DEF 14A
Apr 29, 2024	DEFA14A	DEFA14A
Apr 24, 2024	8-K	Current Report
Apr 24, 2024	4	Insider Trading
Apr 24, 2024	4	Insider Trading
Apr 24, 2024	10-Q	Quarterly Report
Apr 19, 2024	4	Insider Trading
Apr 05, 2024	4	Insider Trading

Peers (Alternatives to Veris Residential, Inc.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMT	90.9B	11.2B	13.13%	1.87%	46.04	8.11	3.63%	50.79%
CCI	44.7B	6.8B	10.57%	-9.74%	32.06	6.53	-2.39%	-16.60%
AVB	28.3B	2.8B	9.91%	13.04%	29.6	10.08	5.72%	-6.47%
ARE	21.7B	3.0B	6.63%	6.21%	110.61	7.35	10.44%	-73.79%
AMH	13.5B	-	6.12%	9.11%	31.9	8.3	8.93%	11.87%
REG	11.3B	1.4B	6.30%	4.57%	30.12	8.22	10.48%	-2.93%
BXP	9.9B	3.3B	9.08%	28.09%	51.64	3	4.82%	-75.15%
MID-CAP
FRT	8.5B	1.2B	5.40%	14.57%	35.59	7.38	5.48%	-38.69%
SLG	3.4B	892.3M	6.62%	140.10%	-6.71	3.85	-5.33%	-307.54%
MAC	3.4B	878.0M	1.11%	67.10%	-9.8	3.82	2.35%	-290.60%
SMALL-CAP
AAT	1.4B	444.1M	12.17%	21.82%	20.36	3.15	3.54%	8.91%
AIV	1.2B	198.2M	6.70%	-0.84%	-7.55	6.02	-43.33%	-308.08%
MFA	1.1B	650.2M	7.51%	2.13%	36.77	1.73	27.93%	140.31%
NYMT	572.0M	285.4M	-8.06%	-36.92%	-4.15	2	11.05%	83.70%
IVR	459.4M	277.2M	15.74%	-12.95%	-56.03	1.66	25.89%	94.64%

Veris Residential, Inc. News

Latest updates

Veris Residential, Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-10.2%	67.00	75.00	71.00	69.00	63.00	69.00	63.00	54.00	46.00	88.00	82.00	80.00	76.00	77.00	79.00	74.00	84.00	88.00	89.00	88.00	92.00
Costs and Expenses	-43.7%	61.00	108	73.00	65.00	61.00	71.00	67.00	64.00	62.00	-3.32	83.00	100	77.00	67.00	136	94.00	90.00	117	85.00	88.00	84.00
Operating Expenses	-25.0%	13.00	17.00	15.00	14.00	11.00	16.00	13.00	13.00	8.00	-6.00	17.00	19.00	15.00	16.00	19.00	16.00	16.00	18.00	18.00	18.00	17.00
S&GA Expenses	11.0%	11.00	10.00	15.00	10.00	10.00	12.00	13.00	12.00	19.00	14.00	11.00	18.00	14.00	12.00	26.00	17.00	16.00	-42.46	13.00	17.00	13.00
EBITDA Margin	71.1%	0.16*	0.09*	0.52*	0.51*	0.51*	0.49*	-0.27*	-0.24*	-0.19*	-0.13*	-	-	-	-	-	-	-	-	-	-	-
Interest Expenses	-2.0%	22.00	22.00	24.00	22.00	22.00	21.00	19.00	15.00	12.00	-1.86	15.00	17.00	18.00	19.00	20.00	21.00	21.00	23.00	22.00	22.00	23.00
Income Taxes	-70.4%	0.00	0.00	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings Before Taxes	87.4%	-6.21	-49.37	-61.35	-	-18.83	-	-22.59	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBT Margin	14.8%	-0.48*	-0.56*	-0.14*	-0.15*	-0.16*	-0.17*	-0.63*	-0.58*	-0.53*	-0.48*	-	-	-	-	-	-	-	-	-	-	-
Net Income	22.7%	-3.90	-5.05	-54.81	-27.43	-19.97	32.00	-101	26.00	-9.09	-26.27	-28.31	-72.08	8.00	66.00	-42.21	-34.89	-39.92	-54.65	-55.93	-22.05	244
Net Income Margin	16.4%	-0.32*	-0.39*	-0.25*	-0.44*	-0.25*	-0.22*	-0.44*	-0.14*	-0.46*	-0.36*	-0.09*	-0.13*	-	-	-	-	-	-	-	-	-
Free Cashflow	28.1%	16.00	12.00	9.00	12.00	12.00	7.00	14.00	14.00	32.00	15.00	13.00	2.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-0.9%	3,213	3,241	3,330	3,773	3,801	3,921	4,256	4,311	4,260	4,527	4,567	4,591	5,160	5,148	5,191	5,360	5,286	5,293	5,721	5,328	5,274
Cash Equivalents	302.4%	113	28.00	17.00	397	57.00	48.00	64.00	53.00	47.00	51.00	43.00	54.00	281	52.00	37.00	40.00	41.00	41.00	54.00	79.00	33.00
Liabilities	-0.3%	1,931	1,936	1,999	2,385	1,906	2,006	2,379	2,327	2,307	2,557	2,569	2,564	3,056	3,042	3,155	3,258	3,147	3,090	3,430	2,955	2,952
Shareholder's Equity	-0.5%	1,132	1,137	1,148	1,348	1,374	1,399	1,362	1,467	1,441	1,449	1,479	1,510	1,590	1,592	1,524	1,593	1,632	1,699	1,791	1,876	1,943
Retained Earnings	-0.6%	-1,427	-1,418	-1,408	-1,348	-1,321	-1,301	-1,333	-1,232	-1,258	-1,249	-1,223	-1,194	-1,122	-1,130	-1,195	-1,135	-1,100	-1,042	-969	-895	-855
Additional Paid-In Capital	0.1%	2,556	2,553	2,551	2,540	2,534	2,532	2,530	2,525	2,531	2,530	2,530	2,529	2,529	2,528	2,531	2,534	2,534	2,535	2,538	2,540	2,554
Shares Outstanding	0.2%	92.00	92.00	92.00	92.00	91.00	91.00	91.00	91.00	91.00	91.00	91.00	91.00	-	-	-	-	-	-	-	-	-
Minority Interest	-1.5%	140	142	143	151	157	164	160	171	165	167	171	175	183	194	188	194	198	206	222	230	239
Float	-	-	-	-	1,288	-	-	-	1,149	-	-	-	1,485	-	-	-	1,315	-	-	-	2,103	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	28.1%	15,710	12,268	8,908	12,267	12,097	6,720	14,024	14,209	31,501	14,940	13,228	1,793	26,154	8,834	8,334	24,591	43,663	10,935	52,087	22,783	46,037
Share Based Compensation	-	-	-	-	-	-	-	-	-	4,490	2,868	2,907	2,543	2,529	1,943	723	2,439	2,530	2,110	1,980	2,191	1,880
Cashflow From Investing	10.2%	93,773	85,079	42,937	362,398	89,236	100,418	-35,404	-37,981	193,055	-11,787	-32,083	300,129	189,970	111,427	111,218	-111,082	-83,098	120,006	-512,759	-52,210	28,888
Cashflow From Financing	69.3%	-25,712	-83,645	-435,522	-7,240	-91,853	-123,548	32,010	29,910	-228,720	5,184	8,198	-528,665	12,092	-105,336	-122,612	85,803	39,394	-144,178	436,545	75,335	-91,857
Buy Backs	1099.3%	1,534	-153	31.00	219	247	219	156	696	1,442	348	140	528	-118	523	29.00	-	2,141	-	-	-	-

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VRE Income Statement

2024-03-31

VERIS RESIDENTIAL, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
REVENUES
Total revenues	$ 67,340	$ 62,598
EXPENSES
Real estate taxes	9,177	9,559
Utilities	2,271	2,063
Operating services	12,570	11,383
Real estate services expenses	5,242	1,943
General and administrative	11,088	10,281
Transaction related costs	516	1,027
Depreciation and amortization	20,117	21,788
Land and other impairments, net	0	3,396
Total expenses	60,981	61,440
OTHER (EXPENSE) INCOME
Interest expense	(21,500)	(22,014)
Interest and other investment income	538	116
Equity in earnings (losses) of unconsolidated joint ventures	254	(68)
Gain (loss) on disposition of developable land	784	(22)
Gain on sale of unconsolidated joint venture interests	7,100	0
Other income (expense), net	255	1,998
Total other (expense) income, net	(12,569)	(19,990)
Loss from continuing operations before income tax expense	(6,210)	(18,832)
Provision for income taxes	(59)	0
Loss from continuing operations after income tax expense	(6,269)	(18,832)
Discontinued operations:
Income from discontinued operations	252	1,822
Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net	1,548	780
Total discontinued operations, net	1,800	2,602
Net loss	(4,469)	(16,230)
Noncontrolling interests in consolidated joint ventures	495	587
Noncontrolling interests in Operating Partnership of income from continuing operations	523	2,277
Noncontrolling interests in Operating Partnership in discontinued operations	(155)	(241)
Redeemable noncontrolling interests	(297)	(6,366)
Net loss available to common shareholders	$ (3,903)	$ (19,973)
Basic earnings per common share:
Loss from continuing operations (in dollars per share)	$ (0.06)	$ (0.29)
Discontinued operations (in dollars per share)	0.02	0.02
Net loss available to common shareholders (in dollars per share)	(0.04)	(0.27)
Diluted earnings per common share:
Loss from continuing operations (in dollars per share)	(0.06)	(0.29)
Discontinued operations (in dollars per share)	0.02	0.02
Net loss available to common shareholders (in dollars per share)	$ (0.04)	$ (0.27)
Basic weighted average shares outstanding (in shares)	92,275	91,226
Diluted weighted average shares outstanding (in shares)	100,968	100,526
Revenue from leases
REVENUES
Total revenues	$ 60,642	$ 56,097
Real estate services
REVENUES
Total revenues	922	911
Parking income
REVENUES
Total revenues	3,745	3,728
Other income
REVENUES
Total revenues	$ 2,031	$ 1,862

VRE Balance Sheet

2024-03-31

VERIS RESIDENTIAL, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Rental property
Land and leasehold interests	$ 463,826	$ 474,499
Buildings and improvements	2,633,849	2,782,468
Tenant improvements	8,391	30,908
Furniture, fixtures and equipment	105,668	103,613
Gross investment in rental property	3,211,734	3,391,488
Less – accumulated depreciation and amortization	(372,241)	(443,781)
Total investment in rental property	2,839,493	2,947,707
Real estate held for sale, net	66,975	58,608
Net investment in rental property	2,906,468	3,006,315
Cash and cash equivalents	112,701	28,007
Restricted cash	25,649	26,572
Investments in unconsolidated joint ventures	118,830	117,954
Unbilled rents receivable, net	1,542	5,500
Deferred charges and other assets, net	45,999	53,956
Accounts receivable	1,671	2,742
Total assets	3,212,860	3,241,046
LIABILITIES AND EQUITY
Mortgages, loans payable and other obligations, net	1,853,149	1,853,897
Dividends and distributions payable	5,642	5,540
Accounts payable, accrued expenses and other liabilities	53,839	55,492
Rents received in advance and security deposits	12,234	14,985
Accrued interest payable	6,486	6,580
Total liabilities	1,931,350	1,936,494
Commitments and contingencies
Redeemable noncontrolling interests	9,294	24,999
Veris Residential, Inc. stockholders’ equity:
Common stock, $0.01 par value, 190,000,000 shares authorized, 92,385,167 and 92,229,424 shares outstanding	924	922
Additional paid-in capital	2,555,700	2,553,060
Dividends in excess of net earnings	(1,427,199)	(1,418,312)
Accumulated other comprehensive income	2,806	1,808
Total Veris Residential, Inc. stockholders’ equity	1,132,231	1,137,478
Noncontrolling interests in subsidiaries:
Operating Partnership	106,544	107,206
Consolidated joint ventures	33,441	34,869
Total noncontrolling interests in subsidiaries	139,985	142,075
Total equity	1,272,216	1,279,553
Total liabilities and equity	$ 3,212,860	$ 3,241,046
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Accounts payable, accrued expenses and other liabilities	Accounts payable, accrued expenses and other liabilities

About Veris Residential, Inc.

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 principles, a best-in-class and sustainable approach to operations, and an inclusive culture based on equality and meritocratic empowerment.

CEO	Mr. Mahbod Nia
WEBSITE	verisresidential.com
INDUSTRY	REIT Mortgage
EMPLOYEES	215

Veris Residential, Inc. Frequently Asked Questions

What is the ticker symbol for Veris Residential, Inc.? What does VRE stand for in stocks?

VRE is the stock ticker symbol of Veris Residential, Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Veris Residential, Inc. (VRE)?

As of Fri May 17 2024, market cap of Veris Residential, Inc. is 1.46 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of VRE stock?

You can check VRE's fair value in chart for subscribers.

What is the fair value of VRE stock?

You can check VRE's fair value in chart for subscribers. The fair value of Veris Residential, Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Veris Residential, Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for VRE so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Veris Residential, Inc. a good stock to buy?

The fair value guage provides a quick view whether VRE is over valued or under valued. Whether Veris Residential, Inc. is cheap or expensive depends on the assumptions which impact Veris Residential, Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for VRE.

What is Veris Residential, Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, VRE's PE ratio (Price to Earnings) is -15.96 and Price to Sales (PS) ratio is 5.15. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. VRE PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Veris Residential, Inc.'s stock?

In the past 10 years, Veris Residential, Inc. has provided -0.005 (multiply by 100 for percentage) rate of return.