VRE Stock Overview
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.
| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 2/6 |
| Dividends | 3/6 |
Veris Residential, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$15.29 |
| 52 Week High | US$18.98 |
| 52 Week Low | US$13.07 |
| Beta | 1.21 |
| 1 Month Change | 5.30% |
| 3 Month Change | 2.96% |
| 1 Year Change | -8.93% |
| 3 Year Change | -12.08% |
| 5 Year Change | -34.52% |
| Change since IPO | -11.36% |
Recent News & Updates
Recent updates
Veris'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 28Analysts Just Made A Substantial Upgrade To Their Mack-Cali Realty Corporation (NYSE:CLI) Forecasts
Jul 20
Mack-Cali sells Red Bank Office portfolio for $84 Million
Jun 14Mack-Cali Realty FFO beats by $0.04, misses on revenue
May 06Shareholder Returns
| VRE | US Residential REITs | US Market | |
|---|---|---|---|
| 7D | 2.2% | -1.7% | -1.2% |
| 1Y | -8.9% | -2.1% | 21.5% |
Return vs Industry: VRE underperformed the US Residential REITs industry which returned -2.1% over the past year.
Return vs Market: VRE underperformed the US Market which returned 21.5% over the past year.
Price Volatility
| VRE volatility | |
|---|---|
| VRE Average Weekly Movement | 3.7% |
| Residential REITs Industry Average Movement | 3.6% |
| Market Average Movement | 5.8% |
| 10% most volatile stocks in US Market | 15.6% |
| 10% least volatile stocks in US Market | 2.9% |
Stable Share Price: VRE has not had significant price volatility in the past 3 months.
Volatility Over Time: VRE's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1949 | 197 | Mahbod Nia | www.verisresidential.com |
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 principle; a best-in-class and sustainable approach to operations; and an inclusive culture based on equality and meritocratic empowerment.
Veris Residential, Inc. Fundamentals Summary
| VRE fundamental statistics | |
|---|---|
| Market cap | US$1.53b |
| Earnings (TTM) | -US$131.44m |
| Revenue (TTM) | US$288.64m |
4.9x
P/S Ratio-10.8x
P/E RatioIs VRE overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| VRE income statement (TTM) | |
|---|---|
| Revenue | US$288.64m |
| Cost of Revenue | US$127.16m |
| Gross Profit | US$161.49m |
| Other Expenses | US$292.93m |
| Earnings | -US$131.44m |
Last Reported Earnings
Mar 31, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | -1.42 |
| Gross Margin | 55.95% |
| Net Profit Margin | -45.54% |
| Debt/Equity Ratio | 144.6% |
How did VRE perform over the long term?
See historical performance and comparisonDividends
1.6%
Current Dividend Yield45%
Payout RatioDoes VRE pay a reliable dividends?
See VRE dividend history and benchmarks| Veris Residential dividend dates | |
|---|---|
| Ex Dividend Date | Jul 03 2024 |
| Dividend Pay Date | Jul 16 2024 |
| Days until Ex dividend | 32 days |
| Days until Dividend pay date | 45 days |
Does VRE pay a reliable dividends?
See VRE dividend history and benchmarks