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VRE

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

15.11USD+0.05 (+0.33%)Market Closed

Market Summary

VRE
USD15.11+0.05
Market Closed
0.33%

VRE Alerts

  • Big jump in Earnings (Y/Y)
  • Losses in recent quarter

VRE Stock Price

View Fullscreen

VRE RSI Chart

VRE Valuation

Market Cap

1.4B

Price/Earnings (Trailing)

-15.34

Price/Sales (Trailing)

4.95

EV/EBITDA

29.19

Price/Free Cashflow

28.46

VRE Price/Sales (Trailing)

VRE Profitability

EBT Margin

-48.05%

Return on Equity

-8.05%

Return on Assets

-2.84%

Free Cashflow Yield

3.51%

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

-0.5%

Last 30 days

-2.7%

Last 90 days

2.0%

Trailing 12 Months

-11.1%

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

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2024282.5M000
2023248.3M263.2M271.6M277.8M
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
Jun 10, 2024
malhari anna
sold (taxes)
-25,769
15.07
-1,710
evp & chief operating officer
Jun 10, 2024
malhari anna
acquired
-
-
3,785
evp & chief operating officer
Apr 29, 2024
fielder taryn d.
sold (taxes)
-25,662
14.6225
-1,755
evp, general counsel & sec.
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
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
malhari anna
acquired
-
-
10,498
evp & chief operating officer
Apr 22, 2024
malhari anna
sold (taxes)
-71,961
14.665
-4,907
evp & chief operating officer

1–10 of 50

Which funds bought or sold VRE recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Jun 11, 2024
EverSource Wealth Advisors, LLC
unchanged
-
-874
9,539
-%
Jun 04, 2024
DekaBank Deutsche Girozentrale
unchanged
-
-19,000
285,000
-%
May 28, 2024
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
unchanged
-
-14,000
415,000
-%
May 16, 2024
Tidal Investments LLC
added
268
557,729
775,086
0.01%
May 16, 2024
Pineridge Advisors LLC
sold off
-100
-2,611
-
-%
May 16, 2024
LEVIN CAPITAL STRATEGIES, L.P.
new
-
532,350
532,350
0.05%
May 16, 2024
JANE STREET GROUP, LLC
sold off
-100
-1,730,550
-
-%
May 16, 2024
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-5.51
-106,801
1,130,320
-%
May 15, 2024
UBS ASSET MANAGEMENT AMERICAS LLC
added
7.59
350,198
9,029,510
-%
May 15, 2024
FIRST MANHATTAN CO. LLC.
sold off
-100
-25,168
-
-%

1–10 of 47

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
Jun 14, 2024
8-K
Current Report
Jun 12, 2024
4
Insider Trading
Jun 04, 2024
8-K
Current Report
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
10-Q
Quarterly Report
Apr 24, 2024
4
Insider Trading
Apr 24, 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
11.2B
2.62% 1.43%
46.62
8.21
3.63% 50.79%
43.1B
6.8B
-4.27% -15.22%
30.88
6.29
-2.39% -16.60%
28.7B
2.8B
1.65% 5.88%
30.03
10.22
5.72% -6.46%
20.3B
3.0B
-7.08% -4.00%
103.61
6.89
10.44% -73.79%
13.0B
1.6B
-3.30% 0.40%
30.74
8
8.93% 11.87%
11.4B
1.4B
2.03% 1.55%
30.28
8.34
10.48% -2.04%
MID-CAP
9.7B
3.3B
-4.67% 11.64%
50.37
2.93
4.82% -75.15%
8.4B
1.2B
-1.76% 6.61%
35.21
7.3
5.48% -38.69%
3.7B
913.7M
5.41% 117.24%
-7.21
4.04
1.13% -307.54%
3.1B
878.0M
-9.17% 29.08%
-9.13
3.56
2.35% -290.39%
SMALL-CAP
1.3B
444.1M
-4.29% 9.45%
19.2
2.97
3.54% 8.91%
1.2B
198.2M
-2.65% -3.58%
-7.36
6.02
-43.33% -308.08%
1.1B
650.2M
-1.18% -6.71%
36.2
1.7
27.93% 140.31%
551.9M
285.4M
-3.51% -39.38%
-4.33
1.93
11.05% 83.70%
441.9M
277.2M
-3.10% -20.54%
-53.89
1.59
25.89% 94.64%

Veris Residential, Inc. News

Latest updates
MarketBeat12 Jun 202410:29 am
Seeking Alpha25 Apr 202407:00 am
PR Newswire24 Apr 202407:00 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/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue-10.2%67.0075.0071.0069.0063.0069.0063.0054.0046.0088.0082.0080.0076.0077.0079.0074.0084.0088.0089.0088.0092.00
Costs and Expenses-43.7%61.0010873.0065.0061.0071.0067.0064.0062.00-3.3283.0010077.0067.0013694.0090.0011785.0088.0084.00
Operating Expenses-25.0%13.0017.0015.0014.0011.0016.0013.0013.008.00-6.0017.0019.0015.0016.0019.0016.0016.0018.0018.0018.0017.00
  S&GA Expenses11.0%11.0010.0015.0010.0010.0012.0013.0012.0019.0014.0011.0018.0014.0012.0026.0017.0016.00-42.4613.0017.0013.00
EBITDA Margin71.1%0.16*0.09*0.52*0.51*0.51*0.49*-0.27*-0.24*-0.19*-0.13*-----------
Interest Expenses-2.0%22.0022.0024.0022.0022.0021.0019.0015.0012.00-1.8615.0017.0018.0019.0020.0021.0021.0023.0022.0022.0023.00
Income Taxes-70.4%0.000.000.00------------------
Earnings Before Taxes87.4%-6.21-49.37-61.35--18.83--22.59--------------
EBT Margin14.8%-0.48*-0.56*-0.14*-0.15*-0.16*-0.17*-0.63*-0.58*-0.53*-0.48*-----------
Net Income22.7%-3.90-5.05-54.81-27.43-19.9732.00-10126.00-9.09-26.27-28.31-72.088.0066.00-42.21-34.89-39.92-54.65-55.93-22.05244
Net Income Margin16.4%-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 Cashflow28.1%16.0012.009.0012.0012.007.0014.0014.0032.0015.0013.002.00---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets-0.9%3,2133,2413,3303,7733,8013,9214,2564,3114,2604,5274,5674,5915,1605,1485,1915,3605,2865,2935,7215,3285,274
    Cash Equivalents302.4%11328.0017.0039757.0048.0064.0053.0047.0051.0043.0054.0028152.0037.0040.0041.0041.0054.0079.0033.00
Liabilities-0.3%1,9311,9361,9992,3851,9062,0062,3792,3272,3072,5572,5692,5643,0563,0423,1553,2583,1473,0903,4302,9552,952
Shareholder's Equity-0.5%1,1321,1371,1481,3481,3741,3991,3621,4671,4411,4491,4791,5101,5901,5921,5241,5931,6321,6991,7911,8761,943
  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 Capital0.1%2,5562,5532,5512,5402,5342,5322,5302,5252,5312,5302,5302,5292,5292,5282,5312,5342,5342,5352,5382,5402,554
Shares Outstanding0.2%92.0092.0092.0092.0091.0091.0091.0091.0091.0091.0091.0091.00---------
Minority Interest-1.5%140142143151157164160171165167171175183194188194198206222230239
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/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations28.1%15,71012,2688,90812,26712,0976,72014,02414,20931,50114,94013,2281,79326,1548,8348,33424,59143,66310,93552,08722,78346,037
  Share Based Compensation---------4,4902,8682,9072,5432,5291,9437232,4392,5302,1101,9802,1911,880
Cashflow From Investing10.2%93,77385,07942,937362,39889,236100,418-35,404-37,981193,055-11,787-32,083300,129189,970111,427111,218-111,082-83,098120,006-512,759-52,21028,888
Cashflow From Financing69.3%-25,712-83,645-435,522-7,240-91,853-123,54832,01029,910-228,7205,1848,198-528,66512,092-105,336-122,61285,80339,394-144,178436,54575,335-91,857
  Buy Backs1099.3%1,534-15331.002192472191566961,442348140528-11852329.00-2,141----
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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 taxes9,1779,559
Utilities2,2712,063
Operating services12,57011,383
Real estate services expenses5,2421,943
General and administrative11,08810,281
Transaction related costs5161,027
Depreciation and amortization20,11721,788
Land and other impairments, net03,396
Total expenses60,98161,440
OTHER (EXPENSE) INCOME  
Interest expense(21,500)(22,014)
Interest and other investment income538116
Equity in earnings (losses) of unconsolidated joint ventures254(68)
Gain (loss) on disposition of developable land784(22)
Gain on sale of unconsolidated joint venture interests7,1000
Other income (expense), net2551,998
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 operations2521,822
Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net1,548780
Total discontinued operations, net1,8002,602
Net loss(4,469)(16,230)
Noncontrolling interests in consolidated joint ventures495587
Noncontrolling interests in Operating Partnership of income from continuing operations5232,277
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)0.020.02
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)0.020.02
Net loss available to common shareholders (in dollars per share)$ (0.04)$ (0.27)
Basic weighted average shares outstanding (in shares)92,27591,226
Diluted weighted average shares outstanding (in shares)100,968100,526
Revenue from leases  
REVENUES  
Total revenues$ 60,642$ 56,097
Real estate services  
REVENUES  
Total revenues922911
Parking income  
REVENUES  
Total revenues3,7453,728
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 improvements2,633,8492,782,468
Tenant improvements8,39130,908
Furniture, fixtures and equipment105,668103,613
Gross investment in rental property3,211,7343,391,488
Less – accumulated depreciation and amortization(372,241)(443,781)
Total investment in rental property2,839,4932,947,707
Real estate held for sale, net66,97558,608
Net investment in rental property2,906,4683,006,315
Cash and cash equivalents112,70128,007
Restricted cash25,64926,572
Investments in unconsolidated joint ventures118,830117,954
Unbilled rents receivable, net1,5425,500
Deferred charges and other assets, net45,99953,956
Accounts receivable1,6712,742
Total assets3,212,8603,241,046
LIABILITIES AND EQUITY  
Mortgages, loans payable and other obligations, net1,853,1491,853,897
Dividends and distributions payable5,6425,540
Accounts payable, accrued expenses and other liabilities53,83955,492
Rents received in advance and security deposits12,23414,985
Accrued interest payable6,4866,580
Total liabilities1,931,3501,936,494
Commitments and contingencies
Redeemable noncontrolling interests9,29424,999
Veris Residential, Inc. stockholders’ equity:  
Common stock, $0.01 par value, 190,000,000 shares authorized, 92,385,167 and 92,229,424 shares outstanding924922
Additional paid-in capital2,555,7002,553,060
Dividends in excess of net earnings(1,427,199)(1,418,312)
Accumulated other comprehensive income2,8061,808
Total Veris Residential, Inc. stockholders’ equity1,132,2311,137,478
Noncontrolling interests in subsidiaries:  
Operating Partnership106,544107,206
Consolidated joint ventures33,44134,869
Total noncontrolling interests in subsidiaries139,985142,075
Total equity1,272,2161,279,553
Total liabilities and equity$ 3,212,860$ 3,241,046
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]Accounts payable, accrued expenses and other liabilitiesAccounts payable, accrued expenses and other liabilities
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
 WEBSITEverisresidential.com
 INDUSTRYREIT Mortgage
 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 Fri Jun 14 2024, market cap of Veris Residential, Inc. is 1.4 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 Jun 14 2024, VRE's PE ratio (Price to Earnings) is -15.34 and Price to Sales (PS) ratio is 4.95. 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 -0.016 (multiply by 100 for percentage) rate of return.