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VRE

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

15.12USD+0.20 (+1.34%)Delayed as of 28 Mar 2024, 11:01 am ET

Market Summary

VRE
USD15.12+0.20
Delayedas of 28 Mar 2024, 11:01 am
1.34%

VRE Alerts

  • Big fall in earnings (Y/Y)
  • Losses in recent quarter

VRE Stock Price

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VRE RSI Chart

VRE Valuation

Market Cap

1.4B

Price/Earnings (Trailing)

-12.83

Price/Sales (Trailing)

4.92

EV/EBITDA

51.15

Price/Free Cashflow

30.22

VRE Price/Sales (Trailing)

VRE Profitability

EBT Margin

-55.97%

Return on Equity

-9.43%

Return on Assets

-3.31%

Free Cashflow Yield

3.31%

VRE Fundamentals

VRE Revenue

Revenue (TTM)

280.0M

Rev. Growth (Yr)

5.91%

Rev. Growth (Qtr)

1.87%

VRE Earnings

Earnings (TTM)

-107.3M

Earnings Growth (Yr)

-115.85%

Earnings Growth (Qtr)

90.78%

Breaking Down VRE Revenue

52 Week Range

14.0218.98
(Low)(High)

Last 7 days

0.5%

Last 30 days

-4.9%

Last 90 days

-5.9%

Trailing 12 Months

-5.6%

How does VRE drawdown profile look like?

VRE Financial Health

VRE Investor Care

Shares Dilution (1Y)

1.17%

Diluted EPS (TTM)

-1.23

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2023252.6M267.5M275.9M280.0M
2022296.3M270.4M251.3M231.9M
2021306.1M311.5M314.5M326.2M
2020349.0M335.1M325.2M313.6M
2019359.2M361.2M359.3M357.2M
2018564.6M488.0M419.0M365.7M
2017610.4M623.9M626.4M616.2M
2016594.1M594.8M606.1M613.4M
2015620.9M609.2M599.9M594.9M
2014665.7M657.7M650.7M636.8M
2013654.4M660.4M666.1M667.0M
2012693.0M678.2M661.8M650.6M
2011762.3M736.8M712.0M709.1M
2010768.2M783.2M789.0M773.7M
20090768.2M763.5M758.9M
2008000772.8M

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

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Mar 18, 2024
malhari anna
sold (taxes)
-37,360
14.808
-2,523
evp & chief operating officer
Mar 18, 2024
nia mahbod
gifted
-
-
-46,522
chief executive officer
Mar 18, 2024
nia mahbod
sold (taxes)
-334,439
14.808
-22,585
chief executive officer
Mar 18, 2024
fielder taryn d.
sold (taxes)
-38,885
14.808
-2,626
evp, general counsel & sec.
Mar 18, 2024
lombard amanda
sold (taxes)
-40,470
14.808
-2,733
chief financial officer
Mar 12, 2024
turkanis jeffrey scott
acquired
-
-
21,930
evp & chief investment officer
Mar 12, 2024
nia mahbod
acquired
-
-
148,448
chief executive officer
Mar 12, 2024
lombard amanda
acquired
-
-
23,617
chief financial officer
Mar 12, 2024
malhari anna
acquired
-
-
25,304
evp & chief operating officer
Mar 12, 2024
fielder taryn d.
acquired
-
-
23,617
evp, general counsel & sec.

1–10 of 50

Which funds bought or sold VRE recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Mar 22, 2024
PNC FINANCIAL SERVICES GROUP, INC.
reduced
-40.93
-20,237
26,079
-%
Mar 21, 2024
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND
new
-
1,259,970
1,259,970
-%
Mar 11, 2024
VANGUARD GROUP INC
reduced
-0.41
-10,348,000
194,272,000
-%
Mar 01, 2024
Pineridge Advisors LLC
new
-
2,611
2,611
-%
Mar 01, 2024
GOLDMAN SACHS GROUP INC
added
22.84
1,181,240
8,086,610
-%
Feb 28, 2024
AMERICAN INTERNATIONAL GROUP, INC.
reduced
-0.82
-39,108
678,246
-%
Feb 26, 2024
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
unchanged
-
-22,000
429,000
-%
Feb 16, 2024
GSA CAPITAL PARTNERS LLP
sold off
-100
-501,000
-
-%
Feb 16, 2024
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO
added
0.17
-86,976
1,834,020
0.01%
Feb 16, 2024
PRICE T ROWE ASSOCIATES INC /MD/
reduced
-12.78
-150,000
739,000
-%

1–10 of 49

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 FiledName of FilerPercent of ClassNo. of SharesForm 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
Mar 20, 2024
4
Insider Trading
Mar 20, 2024
4
Insider Trading
Mar 20, 2024
4
Insider Trading
Mar 20, 2024
4
Insider Trading
Mar 14, 2024
4
Insider Trading
Mar 14, 2024
4
Insider Trading
Mar 14, 2024
4
Insider Trading
Mar 14, 2024
4
Insider Trading
Mar 14, 2024
4
Insider Trading
Mar 13, 2024
4
Insider Trading

Peers (Alternatives to Veris Residential, Inc.)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
92.0B
11.1B
3.02% 3.17%
67.33
8.26
4.04% -19.43%
45.8B
7.0B
-5.01% -21.08%
30.53
6.57
-0.07% -10.36%
26.1B
2.8B
3.42% 11.05%
28.1
9.43
6.73% -18.30%
21.9B
2.9B
5.24% -2.41%
211.79
7.61
11.46% -80.13%
13.1B
1.6B
5.52% 21.06%
30.39
8.17
7.80% 39.39%
11.1B
1.3B
-2.42% 1.98%
30.46
8.4
8.04% -24.50%
9.9B
3.3B
-6.07% 8.98%
52.15
3.03
5.31% -77.32%
MID-CAP
8.4B
1.1B
-0.89% 2.72%
35.55
7.44
5.38% -38.52%
3.7B
884.1M
-1.28% 51.03%
-13.45
4.17
2.90% -314.82%
3.5B
899.4M
12.83% 136.94%
-6.17
3.87
-0.45% -623.11%
SMALL-CAP
1.3B
441.2M
-3.35% 20.98%
20.37
2.99
4.38% 15.77%
1.2B
198.2M
4.31% 1.50%
-7.47
5.93
-43.33% -270.70%
1.1B
605.6M
5.98% 19.45%
14.31
1.89
25.53% 134.62%
650.5M
258.7M
-8.43% -22.26%
-13.37
2.51
0.11% 83.70%
461.8M
277.9M
8.28% -16.39%
-29.12
1.66
44.33% 96.06%

Veris Residential, Inc. News

Latest updates
Defense World25 Mar 202409:15 am
InvestorsObserver22 Feb 202405:59 pm
Yahoo Finance21 Feb 202408:00 am

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

Income Statement (Last 12 Months)
(In Thousands)
Income Statement (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue1.9%73.0071.0069.0067.0069.0063.0054.0046.0088.0082.0080.0076.0077.0079.0074.0084.0088.0089.0088.0092.0090.00
Costs and Expenses44.9%10673.0065.0066.0071.0067.0064.0062.00-3.3283.0010077.0067.0013694.0090.0011785.0088.0084.009.00
Operating Expenses7.3%16.0015.0014.0012.0016.0013.0013.008.00-6.0017.0019.0015.0016.0019.0016.0016.0018.0018.0018.0017.00-4.82
  S&GA Expenses-31.7%10.0015.0010.0010.0012.0013.0012.0019.0014.0011.0018.0014.0012.0026.0017.0016.00-42.4613.0017.0013.0013.00
EBITDA Margin-0.09*--------------------
Interest Expenses-7.5%22.0024.0022.0022.0021.0019.0015.0012.00-1.8615.0017.0018.0019.0020.0021.0021.0023.0022.0022.0023.0017.00
Income Taxes-32.1%0.000.00-------------------
Earnings Before Taxes19.5%-49.37-61.35----22.59---------------
EBT Margin-Infinity%-0.56*--------------------
Net Income90.8%-5.05-54.81-27.43-19.9732.00-10126.00-9.09-26.27-28.31-72.088.0066.00-42.21-34.89-39.92-54.65-55.93-22.0524444.00
Net Income Margin-50.3%-0.38*-0.25*-0.43*-0.14*-0.07*-0.44*-0.14*-0.46*-0.36*-0.09*-0.13*----------
Free Cashflow37.7%12.009.0012.0012.007.0014.0014.0032.0015.0013.002.00----------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets-2.7%3,2413,3303,7733,8013,9214,2564,3114,2604,5274,5674,5915,1605,1485,1915,3605,2865,2935,7215,3285,2745,061
    Cash Equivalents62.1%28.0017.0039737.0027.0064.0053.0047.0051.0043.0054.0028152.0037.0040.0041.0041.0054.0079.0033.0050.00
Liabilities-3.1%1,9361,9992,3851,9062,0062,3792,3272,3072,5572,5692,5643,0563,0423,1553,2583,1473,0903,4302,9552,9523,033
Shareholder's Equity-0.9%1,1371,1481,3481,3741,2361,3621,4671,4411,4491,4791,5101,5901,5921,5241,5931,6321,6991,7911,8761,9431,697
  Retained Earnings-0.7%-1,418-1,408-1,348-1,321-1,301-1,333-1,232-1,258-1,249-1,223-1,194-1,122-1,130-1,195-1,135-1,100-1,042-969-895-855-1,084
  Additional Paid-In Capital0.1%2,5532,5512,5402,5342,5322,5302,5252,5312,5302,5302,5292,5292,5282,5312,5342,5342,5352,5382,5402,5542,562
Shares Outstanding0.0%92.0092.0092.0092.0091.0091.0091.0091.0091.0091.0091.00----------
Minority Interest-1.0%142143151157164160171165167171175183194188194198206222230239211
Float---1,288---1,149---1,485---1,315---2,103--
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations37.7%12,2688,90812,26712,0976,72014,02414,20931,50114,94013,2281,79326,1548,8348,33424,59143,66310,93552,08722,78346,03740,816
  Share Based Compensation--------4,4902,8682,9072,5432,5291,9437232,4392,5302,1101,9802,1911,8801,935
Cashflow From Investing98.1%85,07942,937362,39889,236100,418-35,404-37,981193,055-11,787-32,083300,129189,970111,427111,218-111,082-83,098120,006-512,759-52,21028,888-636
Cashflow From Financing80.8%-83,645-435,522-7,240-91,853-123,54832,01029,910-228,7205,1848,198-528,66512,092-105,336-122,61285,80339,394-144,178436,54575,335-91,857-21,568
  Buy Backs-196.8%-30.0031.00219-2191566961,442348140528-11852329.00-2,141-----

VRE Income Statement

2023-12-31
VERIS RESIDENTIAL, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
REVENUES   
Total revenues$ 279,859$ 233,448$ 194,645
EXPENSES   
Real estate taxes40,81039,11228,818
Utilities9,9228,9218,307
Operating services57,92552,79745,460
Real estate services expenses14,18810,54912,858
General and administrative44,47256,01456,977
Transaction-related costs7,6273,46812,208
Depreciation and amortization93,58985,43468,506
Property impairments32,51600
Land and other impairments, net9,3249,36823,719
Total expenses310,373265,663256,853
OTHER (EXPENSE) INCOME   
Interest expense(89,355)(66,381)(47,505)
Interest cost of mandatorily redeemable noncontrolling interests(49,782)00
Interest and other investment income (loss)5,515729524
Equity in earnings (loss) of unconsolidated joint ventures3,1021,200(4,250)
Realized gains (losses) and unrealized gains (losses) on disposition of rental property, net003,023
Gain on disposition of developable land7,06857,2622,115
Loss on sale of unconsolidated joint venture interests00(1,886)
Loss from extinguishment of debt, net(5,606)(129)(47,078)
Other income, net2,87100
Total other income (expense), net(126,187)(7,319)(95,057)
Loss from continuing operations before income tax expense(156,701)(39,534)(157,265)
Provision for income taxes(492)00
Loss from continuing operations after income tax expense(157,193)(39,534)(157,265)
Discontinued operations:   
Income (Loss) from discontinued operations3,150(64,704)22,174
Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net41,68269,35325,552
Total discontinued operations, net44,8324,64947,726
Net loss(112,361)(34,885)(109,539)
Noncontrolling interests in consolidated joint ventures2,3193,0794,595
Noncontrolling interests in Operating Partnership of income from continuing operations14,2675,65216,212
Noncontrolling interests in Operating Partnership in discontinued operations(3,872)(378)(4,333)
Redeemable noncontrolling interests(7,618)(25,534)(25,977)
Net loss available to common shareholders$ (107,265)$ (52,066)$ (119,042)
Basic earnings per common share:   
Loss from continuing operations (in dollars per share)$ (1.66)$ (0.68)$ (1.87)
Discontinued operations (in dollars per share)0.440.050.48
Net loss available to common shareholders (in dollars per share)(1.22)(0.63)(1.39)
Diluted earnings per common share:   
Loss from continuing operations (in dollars per share)(1.66)(0.68)(1.87)
Discontinued operations (in dollars per share)0.440.050.48
Net loss available to common shareholders (in dollars per share)$ (1.22)$ (0.63)$ (1.39)
Basic weighted average shares outstanding (in shares)91,88391,04690,839
Diluted weighted average shares outstanding (in shares)100,812100,26599,893
Revenue from leases   
REVENUES   
Total revenues$ 252,144$ 206,052$ 162,082
Real estate services   
REVENUES   
Total revenues3,8683,5819,596
Parking income   
REVENUES   
Total revenues18,03615,81912,274
Other income   
REVENUES   
Total revenues$ 5,811$ 7,996$ 10,693

VRE Balance Sheet

2023-12-31
VERIS RESIDENTIAL, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Rental property  
Land and leasehold interests$ 474,499$ 492,204
Buildings and improvements2,782,4683,332,315
Tenant improvements30,908122,509
Furniture, fixtures and equipment103,61399,094
Gross investment in rental property3,391,4884,046,122
Less – accumulated depreciation and amortization(443,781)(631,910)
Total investment in rental property2,947,7073,414,212
Real estate held for sale, net58,608193,933
Net investment in rental property3,006,3153,608,145
Cash and cash equivalents28,00726,782
Restricted cash26,57220,867
Investments in unconsolidated joint ventures117,954126,158
Unbilled rents receivable, net5,50039,734
Deferred charges and other assets, net53,95696,162
Accounts receivable2,7422,920
Total assets3,241,0463,920,768
LIABILITIES AND EQUITY  
Mortgages, loans payable and other obligations, net1,853,8971,903,977
Dividends and distributions payable5,540110
Accounts payable, accrued expenses and other liabilities55,49272,041
Rents received in advance and security deposits14,98522,941
Accrued interest payable6,5807,131
Total liabilities1,936,4942,006,200
Commitments and contingencies
Redeemable noncontrolling interests24,999515,231
Veris Residential, Inc. stockholders’ equity:  
Common stock, $0.01 par value, 190,000,000 shares authorized, 92,229,424 and 91,141,649 shares outstanding922911
Additional paid-in capital2,553,0602,532,182
Dividends in excess of net earnings(1,418,312)(1,301,385)
Accumulated other comprehensive income1,8083,977
Total Veris Residential, Inc. stockholders’ equity1,137,4781,235,685
Noncontrolling interests in subsidiaries:  
Operating Partnership107,206126,109
Consolidated joint ventures34,86937,543
Total noncontrolling interests in subsidiaries142,075163,652
Total equity1,279,5531,399,337
Total liabilities and equity$ 3,241,046$ 3,920,768
VRE
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
 WEBSITEwww.verisresidential.com
 EMPLOYEES215

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 Wed Mar 27 2024, market cap of Veris Residential, Inc. is 1.38 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 Wed Mar 27 2024, VRE's PE ratio (Price to Earnings) is -12.83 and Price to Sales (PS) ratio is 4.92. 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 -0.011 (multiply by 100 for percentage) rate of return.