VRE RSI Chart
Last 7 days
0.5%
Last 30 days
-4.9%
Last 90 days
-5.9%
Trailing 12 Months
-5.6%
Historical Charts for Stock Metrics
Year | Q1 | Q2 | Q3 | Q4 |
---|---|---|---|---|
2023 | 252.6M | 267.5M | 275.9M | 280.0M |
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 |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
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. |
Which funds bought or sold VRE recently?
View All DetailsDatesorted ascending | Fund Name | Type | % 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 | -% |
Unveiling Veris Residential, Inc.'s Major ShareHolders
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
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 | 92.0B | 11.1B | 67.33 | 8.26 | ||||
CCI | 45.8B | 7.0B | 30.53 | 6.57 | ||||
AVB | 26.1B | 2.8B | 28.1 | 9.43 | ||||
ARE | 21.9B | 2.9B | 211.79 | 7.61 | ||||
AMH | 13.1B | 1.6B | 30.39 | 8.17 | ||||
REG | 11.1B | 1.3B | 30.46 | 8.4 | ||||
BXP | 9.9B | 3.3B | 52.15 | 3.03 | ||||
MID-CAP | ||||||||
FRT | 8.4B | 1.1B | 35.55 | 7.44 | ||||
MAC | 3.7B | 884.1M | -13.45 | 4.17 | ||||
SLG | 3.5B | 899.4M | -6.17 | 3.87 | ||||
SMALL-CAP | ||||||||
AAT | 1.3B | 441.2M | 20.37 | 2.99 | ||||
AIV | 1.2B | 198.2M | -7.47 | 5.93 | ||||
MFA | 1.1B | 605.6M | 14.31 | 1.89 | ||||
NYMT | 650.5M | 258.7M | -13.37 | 2.51 | ||||
IVR | 461.8M | 277.9M | -29.12 | 1.66 |
Veris Residential, Inc. News
Income Statement (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
Revenue | 1.9% | 73.00 | 71.00 | 69.00 | 67.00 | 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 | 90.00 |
Costs and Expenses | 44.9% | 106 | 73.00 | 65.00 | 66.00 | 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 | 9.00 |
Operating Expenses | 7.3% | 16.00 | 15.00 | 14.00 | 12.00 | 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 | -4.82 |
S&GA Expenses | -31.7% | 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 | 13.00 |
EBITDA Margin | - | 0.09* | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Interest Expenses | -7.5% | 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 | 17.00 |
Income Taxes | -32.1% | 0.00 | 0.00 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Earnings Before Taxes | 19.5% | -49.37 | -61.35 | - | - | - | -22.59 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBT Margin | -Infinity% | -0.56* | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net Income | 90.8% | -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 | 44.00 |
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 Cashflow | 37.7% | 12.00 | 9.00 | 12.00 | 12.00 | 7.00 | 14.00 | 14.00 | 32.00 | 15.00 | 13.00 | 2.00 | - | - | - | - | - | - | - | - | - | - |
Balance Sheet | ||||||||||||||||||||||
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
Assets | -2.7% | 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 | 5,061 |
Cash Equivalents | 62.1% | 28.00 | 17.00 | 397 | 37.00 | 27.00 | 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 | 50.00 |
Liabilities | -3.1% | 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 | 3,033 |
Shareholder's Equity | -0.9% | 1,137 | 1,148 | 1,348 | 1,374 | 1,236 | 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 | 1,697 |
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 Capital | 0.1% | 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 | 2,562 |
Shares Outstanding | 0.0% | 92.00 | 92.00 | 92.00 | 92.00 | 91.00 | 91.00 | 91.00 | 91.00 | 91.00 | 91.00 | 91.00 | - | - | - | - | - | - | - | - | - | - |
Minority Interest | -1.0% | 142 | 143 | 151 | 157 | 164 | 160 | 171 | 165 | 167 | 171 | 175 | 183 | 194 | 188 | 194 | 198 | 206 | 222 | 230 | 239 | 211 |
Float | - | - | - | 1,288 | - | - | - | 1,149 | - | - | - | 1,485 | - | - | - | 1,315 | - | - | - | 2,103 | - | - |
Cashflow (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
Cashflow From Operations | 37.7% | 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 | 40,816 |
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 | 1,935 |
Cashflow From Investing | 98.1% | 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 | -636 |
Cashflow From Financing | 80.8% | -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 | -21,568 |
Buy Backs | -196.8% | -30.00 | 31.00 | 219 | - | 219 | 156 | 696 | 1,442 | 348 | 140 | 528 | -118 | 523 | 29.00 | - | 2,141 | - | - | - | - | - |
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 taxes | 40,810 | 39,112 | 28,818 |
Utilities | 9,922 | 8,921 | 8,307 |
Operating services | 57,925 | 52,797 | 45,460 |
Real estate services expenses | 14,188 | 10,549 | 12,858 |
General and administrative | 44,472 | 56,014 | 56,977 |
Transaction-related costs | 7,627 | 3,468 | 12,208 |
Depreciation and amortization | 93,589 | 85,434 | 68,506 |
Property impairments | 32,516 | 0 | 0 |
Land and other impairments, net | 9,324 | 9,368 | 23,719 |
Total expenses | 310,373 | 265,663 | 256,853 |
OTHER (EXPENSE) INCOME | |||
Interest expense | (89,355) | (66,381) | (47,505) |
Interest cost of mandatorily redeemable noncontrolling interests | (49,782) | 0 | 0 |
Interest and other investment income (loss) | 5,515 | 729 | 524 |
Equity in earnings (loss) of unconsolidated joint ventures | 3,102 | 1,200 | (4,250) |
Realized gains (losses) and unrealized gains (losses) on disposition of rental property, net | 0 | 0 | 3,023 |
Gain on disposition of developable land | 7,068 | 57,262 | 2,115 |
Loss on sale of unconsolidated joint venture interests | 0 | 0 | (1,886) |
Loss from extinguishment of debt, net | (5,606) | (129) | (47,078) |
Other income, net | 2,871 | 0 | 0 |
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) | 0 | 0 |
Loss from continuing operations after income tax expense | (157,193) | (39,534) | (157,265) |
Discontinued operations: | |||
Income (Loss) from discontinued operations | 3,150 | (64,704) | 22,174 |
Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net | 41,682 | 69,353 | 25,552 |
Total discontinued operations, net | 44,832 | 4,649 | 47,726 |
Net loss | (112,361) | (34,885) | (109,539) |
Noncontrolling interests in consolidated joint ventures | 2,319 | 3,079 | 4,595 |
Noncontrolling interests in Operating Partnership of income from continuing operations | 14,267 | 5,652 | 16,212 |
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) | 0.44 | 0.05 | 0.48 |
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) | 0.44 | 0.05 | 0.48 |
Net loss available to common shareholders (in dollars per share) | $ (1.22) | $ (0.63) | $ (1.39) |
Basic weighted average shares outstanding (in shares) | 91,883 | 91,046 | 90,839 |
Diluted weighted average shares outstanding (in shares) | 100,812 | 100,265 | 99,893 |
Revenue from leases | |||
REVENUES | |||
Total revenues | $ 252,144 | $ 206,052 | $ 162,082 |
Real estate services | |||
REVENUES | |||
Total revenues | 3,868 | 3,581 | 9,596 |
Parking income | |||
REVENUES | |||
Total revenues | 18,036 | 15,819 | 12,274 |
Other income | |||
REVENUES | |||
Total revenues | $ 5,811 | $ 7,996 | $ 10,693 |
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 improvements | 2,782,468 | 3,332,315 |
Tenant improvements | 30,908 | 122,509 |
Furniture, fixtures and equipment | 103,613 | 99,094 |
Gross investment in rental property | 3,391,488 | 4,046,122 |
Less – accumulated depreciation and amortization | (443,781) | (631,910) |
Total investment in rental property | 2,947,707 | 3,414,212 |
Real estate held for sale, net | 58,608 | 193,933 |
Net investment in rental property | 3,006,315 | 3,608,145 |
Cash and cash equivalents | 28,007 | 26,782 |
Restricted cash | 26,572 | 20,867 |
Investments in unconsolidated joint ventures | 117,954 | 126,158 |
Unbilled rents receivable, net | 5,500 | 39,734 |
Deferred charges and other assets, net | 53,956 | 96,162 |
Accounts receivable | 2,742 | 2,920 |
Total assets | 3,241,046 | 3,920,768 |
LIABILITIES AND EQUITY | ||
Mortgages, loans payable and other obligations, net | 1,853,897 | 1,903,977 |
Dividends and distributions payable | 5,540 | 110 |
Accounts payable, accrued expenses and other liabilities | 55,492 | 72,041 |
Rents received in advance and security deposits | 14,985 | 22,941 |
Accrued interest payable | 6,580 | 7,131 |
Total liabilities | 1,936,494 | 2,006,200 |
Commitments and contingencies | ||
Redeemable noncontrolling interests | 24,999 | 515,231 |
Veris Residential, Inc. stockholders’ equity: | ||
Common stock, $0.01 par value, 190,000,000 shares authorized, 92,229,424 and 91,141,649 shares outstanding | 922 | 911 |
Additional paid-in capital | 2,553,060 | 2,532,182 |
Dividends in excess of net earnings | (1,418,312) | (1,301,385) |
Accumulated other comprehensive income | 1,808 | 3,977 |
Total Veris Residential, Inc. stockholders’ equity | 1,137,478 | 1,235,685 |
Noncontrolling interests in subsidiaries: | ||
Operating Partnership | 107,206 | 126,109 |
Consolidated joint ventures | 34,869 | 37,543 |
Total noncontrolling interests in subsidiaries | 142,075 | 163,652 |
Total equity | 1,279,553 | 1,399,337 |
Total liabilities and equity | $ 3,241,046 | $ 3,920,768 |