Veris Residential Inc logo

VRE

Veris Residential Inc

$14.56

Earnings Summary

Revenue
$79.83Mn
Net Profits
$26.37Mn
Net Profit Margins
33.04%

Highlights

Revenue:

Veris Residential Inc’s revenue fell -1.75% since last year same period to $79.83Mn in the Q2 2022. On a quarterly growth basis, Veris Residential Inc has generated -19.45% fall in its revenue since last 3-months.

Net Profits:

Veris Residential Inc’s net profit jumped 132.56% since last year same period to $26.37Mn in the Q2 2022. On a quarterly growth basis, Veris Residential Inc has generated 390.07% jump in its net profits since last 3-months.

Net Profit Margins:

Veris Residential Inc’s net profit margin jumped 133.14% since last year same period to 33.04% in the Q2 2022. On a quarterly growth basis, Veris Residential Inc has generated 460.1% jump in its net profit margins since last 3-months.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Veris Residential Inc post its latest quarter earnings

EPS Estimate Current Quarter
-0.13
EPS Estimate Current Year
-0.13

Highlights

EPS Estimate Current Quarter:

Veris Residential Inc’s earning per share (EPS) estimates for the current quarter stand at -0.13 - a -8.33% fall from last quarter’s estimates.

EPS Estimate Current Year:

Veris Residential Inc’s earning per share (EPS) estimates for the current year stand at -0.13.

Key Ratios

Key ratios of the Veris Residential Inc post its Q2 2022 earnings

Return on Assets (ROA)
0
Return on Equity (ROE)
-0.07
Dividend Per Share (DPS)
0

Highlights

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Veris Residential Inc’s return on assets (ROA) stands at 0.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Veris Residential Inc’s return on equity (ROE) stands at -0.07.

Dividend Per Share (DPS):

Veris Residential Inc declared 0 dividend per share during the earnings announcement for Q2 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-05-04
-0.12
-0.13
-8.33%

Company Information

One of the country's leading real estate investment trusts (REITs), Mack-Cali Realty Corporation is an owner, manager and developer of premier office and multifamily properties in select waterfront and transit-oriented markets throughout New Jersey. Mack-Cali is headquartered in Jersey City, New Jersey, and is the visionary behind the city's flourishing waterfront, where the company is leading development, improvement and place-making initiatives for Harborside, a master-planned destination comprised of class A office, luxury apartments, diverse retail and restaurants, and public spaces.

Organisation
Veris Residential Inc
Employees
2.02K