- $1.39bn
- $3.28bn
- $279.86m
- 49
- 38
- 50
- 42
Growth & Value
| 12m Forecast Rolling | Industry | Market | |
|---|---|---|---|
| PE Ratio (f) | n/a | ||
| PEG Ratio (f) | n/a | ||
| EPS Growth (f) | n/a | ||
| Dividend Yield (f) | 1.68% | ||
| Valuation (ttm) | Industry | Market | |
|---|---|---|---|
| Price to Book Value | 1.18 | ||
| Price to Tang. Book | 1.19 | ||
| Price to Free Cashflow | 47.12 | ||
| Price to Sales | 4.71 | ||
| EV to EBITDA | 47.44 | ||
Shareholder Activity
| Type | Buy / Hold / Sell |
|---|---|
| Institutions | |
| Directors | |
| Community |
Guru Screens
Quality
| Name | Industry | Market | |
|---|---|---|---|
| Return on Capital | -0.74% | ||
| Return on Equity | -11.19% | ||
| Operating Margin | -8.37% | ||
Financial Summary
| Year End 31st Dec | Unit | 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | CAGR / Avg |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $m | 357.2 | 307.48 | 194.65 | 233.45 | 279.86 | 269.64 | 276.68 | -5.52% |
| Operating Profit | m | ||||||||
| Net Profit | m | ||||||||
| EPS Reported | |||||||||
| Diluted Normalised EPS | |||||||||
| EPS Growth | % | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| PE Ratio | x | ||||||||
| PEG | |||||||||
| Profitability | |||||||||
| Operating Margin | % | ||||||||
| ROA | % | ||||||||
| ROCE | % | ||||||||
| ROE | % | ||||||||
| Cashflow | |||||||||
| Op. Cashflow ps | |||||||||
| Capex ps | |||||||||
| Free Cashflow ps | |||||||||
| Dividends | |||||||||
| Dividend ps | |||||||||
| Dividend Growth | % | ||||||||
| Dividend Yield | % | ||||||||
| Dividend Cover | x | ||||||||
| Balance Sheet | |||||||||
| Cash etc | m | ||||||||
| Working Capital | m | ||||||||
| NFA | m | ||||||||
| Net Debt | m | ||||||||
| Book Value | m | ||||||||
| Diluted Weighted Average Shares | m | ||||||||
| Book Value ps | |||||||||
Other Ratios
| Leverage (ttm) | Total | - Intang | + Pension |
|---|---|---|---|
| Gross Gearing | |||
| Net Gearing | |||
| Cash / Assets |
| Liquidity (ttm) | |
|---|---|
| Curr. Ratio | |
| Quick Ratio | |
| Interest Cov. | |
| Efficiency (ttm) | |
|---|---|
| Asset Turnover | |
| Recs Turnover | |
| Stock Turnover | |
Recent History
| Latest interim period vs. prior period | Industry | Market | |
|---|---|---|---|
| Sales Growth | |||
| EPS Growth | |||
| 3yr Compound Annual Growth Rate | Industry | Market | |
|---|---|---|---|
| Sales CAGR | |||
| EPS CAGR | |||
| DPS CAGR | |||
Profile Summary
Veris Residential, Inc. is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company owns, operates, and develops multifamily rental properties located primarily in the Northeast, as well as a portfolio of non-strategic land and commercial assets. The Company operates through two segments: multifamily real estate and services and commercial and other real estate. The Company provides property management, leasing, acquisition, development, construction and tenant-related services for its multifamily real estate portfolio and commercial and other real estate located in the United States. The Company owns and has interests in 24 multifamily rental properties as well as non-strategic assets comprised of one office property, four parking/retail properties, and developable land. It seeks to own a portfolio comprised primarily of Class A multifamily properties with premium amenities and offerings that reflect its commitment to sustainability.
Directors
- Tammy Jones NEC (55)
- Mahbod Nia CEO (45)
- David Smetana CFO (49)
- Anna Malhari COO (36)
- Ricardo Cardoso EVP (48)
- Amanda Lombard CAO (38)
- Gary Wagner GCN (60)
- Victor Macfarlane DRC (69)
- Alan Batkin IND (77)
- Frederic Cumenal IND (61)
- A. Akiva Katz IND (43)
- Nori Lietz IND (64)
- Howard Stern IND (59)
- Last Annual
- December 31st, 2023
- Last Interim
- March 31st, 2024
- Incorporated
- May 24th, 1994
- Public Since
- August 25th, 1994
- No. of Shareholders
- 218
- No. of Employees
- 197
- Sector
- Residential & Commercial REITs
- Industry
- Financials
- Exchange
New York Stock Exchange- Shares in Issue
- 92,583,859
- Address
- Harborside 3, 210 Hudson St., Ste. 400, JERSEY CITY, 07311
- Web
- https://verisresidential.com/
- Phone
- +1 7325901000
- Contact
- Anna Malhari
- Auditors
- PricewaterhouseCoopers LLP
Upcoming Events for VRE
Q2 2024 Veris Residential Inc Earnings Release
Q3 2024 Veris Residential Inc Earnings Release
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FAQ
What is the Veris Residential share price?
As of Today at 24:01 UTC, shares in Veris Residential are trading at $14.48. This share price information is delayed by 15 minutes.
How has the Veris Residential share price performed this year?
Shares in Veris Residential last closed at $14.48 and the price had moved by -11.87% over the past 365 days. In terms of relative price strength the Veris Residential share price has underperformed the S&P500 Index by -29.87% over the past year.
What are the analyst and broker recommendations for Veris Residential?
The overall consensus recommendation for Veris Residential is Hold. You can view the full broker recommendation list by unlocking its StockReport.
What is the Veris Residential dividend yield?
Veris Residential does not currently pay a dividend.
Does Veris Residential pay a dividend?
Veris Residential does not currently pay a dividend.
When does Veris Residential next pay dividends?
Veris Residential does not currently pay a dividend.
How do I buy Veris Residential shares?
To buy shares in Veris Residential you'll need a share-dealing account with an online or offline stock broker. Once you have opened your account and transferred funds into it, you'll be able to search and select shares to buy and sell. You can use Stockopedia’s share research software to help you find the the kinds of shares that suit your investment strategy and objectives.
What is the market cap of Veris Residential?
As of the previous close price of $14.48, shares in Veris Residential had a market capitalisation of $1.34bn.
Where are Veris Residential shares listed?
Here are the trading details for Veris Residential:
- Country of listing: United States
- Exchange: NYQ
- Ticker Symbol: VRE
What kind of share is Veris Residential?
Based on an overall assessment of its quality, value and momentum Veris Residential is currently classified as a Neutral. The classification is based on a composite score that examines a wide range of fundamental and technical measures. Stock are classified on the the following spectrum: Super Stocks, High Flyers, Contrarians, Turnarounds, Neutral, Value Traps, Momentum Traps, Falling Stars, and Sucker Stocks. For more information, learn about our StockRank Styles.
Is there a Veris Residential share price forecast for 2024?
The analyst consensus target price for shares in Veris Residential is $17.90. That is 23.62% above the last closing price of $14.48.
Analysts covering Veris Residential currently have a consensus Earnings Per Share (EPS) forecast of -$0.29 for the next financial year.
What is the trend in the Veris Residential share price?
An important predictor of whether a stock price will go up is its track record of momentum. Price trends tend to persist, so it's worth looking at them when it comes to a share like Veris Residential. Over the past six months, its share price has underperformed the S&P500 Index by -20.08%.
As of the last closing price of $14.48, shares in Veris Residential were trading -4.77% below their 200 day moving average. You can read more about the power of momentum in assessing share price movements on Stockopedia.
What is the Veris Residential PE Ratio?
The Veris Residential PE ratio based on its reported earnings over the past 12 months is null. The shares last closed at $14.48.
The PE ratio (or price-to-earnings ratio) is the one of the most popular valuation measures used by stock market investors. It is calculated by dividing a company's price per share by its earnings per share.
The PE ratio can be seen as being expressed in years, in the sense that it shows the number of years of earnings which would be required to pay back the purchase price, ignoring inflation. So in general terms, the higher the PE, the more expensive the stock is.
Who are the key directors of Veris Residential?
Veris Residential's management team is headed by:
- Tammy Jones - NEC
- Mahbod Nia - CEO
- David Smetana - CFO
- Anna Malhari - COO
- Ricardo Cardoso - EVP
- Amanda Lombard - CAO
- Gary Wagner - GCN
- Victor Macfarlane - DRC
- Alan Batkin - IND
- Frederic Cumenal - IND
- A. Akiva Katz - IND
- Nori Lietz - IND
- Howard Stern - IND