Veris Residential Inc (VRE)

$15.68

+0.28

(+1.82%)▲

Market is closed - opens 7 PM, 05 Jun 2024

Insights on Veris Residential Inc

  • Decreasing Revenue

    Revenue is down for the last 2 quarters, 72.91M → 67.34M (in $), with an average decrease of 7.7% per quarter

  • Increasing Net Profit

    Netprofit is up for the last 3 quarters, -54.80M → -3.90M (in $), with an average increase of 507.2% per quarter

  • Vs ESS

    In the last 1 year, Essex Property Trust Inc. has given 15.7% return, outperforming this stock by 22.3%

Performance

  • $15.33
    $15.71
    $15.68
    downward going graph

    2.26%

    Downside

    Day's Volatility :2.45%

    Upside

    0.19%

    downward going graph
  • $12.98
    $18.79
    $15.68
    downward going graph

    17.22%

    Downside

    52 Weeks Volatility :30.92%

    Upside

    16.55%

    downward going graph

Returns

PeriodVeris Residential IncSector (Real Estate)Index (Russel 2000)
3 Months
4.27%
-4.0%
0.0%
6 Months
1.12%
-0.4%
0.0%
1 Year
-6.61%
3.4%
0.0%
3 Years
-11.44%
-14.9%
-22.6%

Highlights

Market Capitalization
1.6B
Book Value
$12.26
Dividend Share
0.155
Dividend Yield
1.41%
Earnings Per Share (EPS)
-1.43
Wall Street Target Price
18.4
Profit Margin
-31.59%
Operating Margin TTM
10.75%
Return On Assets TTM
0.43%
Return On Equity TTM
-9.11%
Revenue TTM
288.6M
Revenue Per Share TTM
3.13
Quarterly Revenue Growth YOY
8.1%
Gross Profit TTM
195.0M
EBITDA
116.2M
Diluted Eps TTM
-1.43
Quarterly Earnings Growth YOY
0.0
EPS Estimate Current Year
-0.29
EPS Estimate Next Year
-0.32
EPS Estimate Current Quarter
-0.07
EPS Estimate Next Quarter
-0.06

Analyst Recommendation

Buy
    50%Buy
    40%Hold
    10%Sell
Based on 10 Wall street analysts offering stock ratings for Veris Residential Inc(by analysts ranked 0 to 5 stars)
Based on 10 analyst
  • Current
  • 1M Ago
  • 3M Ago
Buy
5
5
5
Hold
4
4
4
Sell
1
1
1

Analyst Forecast

What analysts predicted

Upside of 17.35%

Current $15.68
Target $18.40

Company Financials

FY18Y/Y Change
Revenue
530.6M
↓ 13.89%
Net Income
84.1M
↑ 262.78%
Net Profit Margin
15.85%
↑ 12.09%
FY19Y/Y Change
Revenue
350.9M
↓ 33.86%
Net Income
8.8M
↓ 89.51%
Net Profit Margin
2.51%
↓ 13.34%
FY20Y/Y Change
Revenue
313.6M
↓ 10.65%
Net Income
-132.2M
↓ 1599.1%
Net Profit Margin
-42.17%
↓ 44.68%
FY21Y/Y Change
Revenue
329.3M
↑ 5.02%
Net Income
-195.5M
↑ 47.81%
Net Profit Margin
-59.35%
↓ 17.18%
FY22Y/Y Change
Revenue
355.0M
↑ 7.8%
Net Income
-112.2M
↓ 42.61%
Net Profit Margin
-31.6%
↑ 27.75%
FY23Y/Y Change
Revenue
279.9M
↓ 21.17%
Net Income
-107.3M
↓ 4.38%
Net Profit Margin
-38.33%
↓ 6.73%
Q4 FY22Q/Q Change
Revenue
86.2M
↓ 5.64%
Net Income
19.3M
↓ 114.99%
Net Profit Margin
22.44%
↑ 163.74%
Q1 FY23Q/Q Change
Revenue
66.9M
↓ 22.36%
Net Income
-24.4M
↓ 226.21%
Net Profit Margin
-36.49%
↓ 58.93%
Q2 FY23Q/Q Change
Revenue
68.7M
↑ 2.7%
Net Income
-27.4M
↑ 12.35%
Net Profit Margin
-39.92%
↓ 3.43%
Q3 FY23Q/Q Change
Revenue
71.5M
↑ 4.01%
Net Income
-54.8M
↑ 99.78%
Net Profit Margin
-76.67%
↓ 36.75%
Q4 FY23Q/Q Change
Revenue
72.9M
↑ 2.01%
Net Income
-5.1M
↓ 90.78%
Net Profit Margin
-6.93%
↑ 69.74%
Q1 FY24Q/Q Change
Revenue
67.3M
↓ 7.65%
Net Income
-3.9M
↓ 22.73%
Net Profit Margin
-5.8%
↑ 1.13%
FY18Y/Y Change
Total Assets
5.1B
↑ 2.07%
Total Liabilities
3.0B
↓ 1.43%
FY19Y/Y Change
Total Assets
5.3B
↑ 4.59%
Total Liabilities
3.1B
↑ 1.88%
FY20Y/Y Change
Total Assets
5.1B
↓ 2.74%
Total Liabilities
3.0B
↓ 1.55%
FY21Y/Y Change
Total Assets
4.5B
↓ 12.05%
Total Liabilities
2.6B
↓ 15.96%
FY22Y/Y Change
Total Assets
3.9B
↓ 13.4%
Total Liabilities
2.0B
↓ 21.53%
FY23Y/Y Change
Total Assets
3.2B
↓ 17.34%
Total Liabilities
1.9B
↓ 3.47%
Q4 FY22Q/Q Change
Total Assets
3.9B
↓ 7.88%
Total Liabilities
2.0B
↓ 15.67%
Q1 FY23Q/Q Change
Total Assets
3.8B
↓ 3.06%
Total Liabilities
1.9B
↓ 4.97%
Q2 FY23Q/Q Change
Total Assets
3.8B
↓ 0.73%
Total Liabilities
2.4B
↑ 25.08%
Q3 FY23Q/Q Change
Total Assets
3.3B
↓ 11.74%
Total Liabilities
2.0B
↓ 16.19%
Q4 FY23Q/Q Change
Total Assets
3.2B
↓ 2.67%
Total Liabilities
1.9B
↓ 3.11%
Q1 FY24Q/Q Change
Total Assets
3.2B
↓ 0.87%
Total Liabilities
1.9B
↓ 0.27%
FY18Y/Y Change
Operating Cash Flow
167.1M
↓ 14.82%
Investing Cash Flow
-168.2M
↓ 70.22%
Financing Cash Flow
-17.3M
↓ 105.01%
FY19Y/Y Change
Operating Cash Flow
131.8M
↓ 21.09%
Investing Cash Flow
-416.1M
↑ 147.44%
Financing Cash Flow
275.8M
↓ 1691.08%
FY20Y/Y Change
Operating Cash Flow
85.4M
↓ 35.21%
Investing Cash Flow
28.5M
↓ 106.84%
Financing Cash Flow
-102.8M
↓ 137.25%
FY21Y/Y Change
Operating Cash Flow
56.1M
↓ 34.31%
Investing Cash Flow
446.2M
↑ 1467.64%
Financing Cash Flow
-503.2M
↑ 389.72%
FY22Y/Y Change
Operating Cash Flow
66.5M
↑ 18.42%
Investing Cash Flow
220.1M
↓ 50.68%
Financing Cash Flow
-290.3M
↓ 42.3%
Q4 FY22Q/Q Change
Operating Cash Flow
-2.7M
↓ 111.63%
Investing Cash Flow
109.9M
↓ 344.95%
Financing Cash Flow
-123.5M
↓ 485.97%
Q1 FY23Q/Q Change
Operating Cash Flow
12.1M
↓ 543.11%
Investing Cash Flow
89.2M
↓ 18.78%
Financing Cash Flow
-91.9M
↓ 25.65%
Q2 FY23Q/Q Change
Operating Cash Flow
12.3M
↑ 1.41%
Investing Cash Flow
362.4M
↑ 306.11%
Financing Cash Flow
-7.2M
↓ 92.12%
Q3 FY23Q/Q Change
Operating Cash Flow
8.9M
↓ 27.38%
Investing Cash Flow
494.6M
↑ 36.47%
Financing Cash Flow
-435.5M
↑ 5915.5%

Technicals Summary

Sell

Neutral

Buy

Veris Residential Inc is currently in a favorable trading position ( BUY ) according to technical analysis indicators.

More on Technical Analysis

Peers

Company Name1 Month6 Month1 Year3 Years5 Years
Veris Residential Inc
Veris Residential Inc
0.92%
1.12%
-6.61%
-11.44%
-31.92%
Equity Residential
Equity Residential
-1.95%
12.31%
3.17%
-17.67%
-15.31%
Essex Property Trust Inc.
Essex Property Trust Inc.
2.01%
17.0%
15.72%
-14.6%
-9.48%
Invitation Homes Inc.
Invitation Homes Inc.
-0.29%
2.69%
0.67%
-5.99%
33.0%
Avalonbay Communities Inc.
Avalonbay Communities Inc.
0.9%
9.41%
8.5%
-8.17%
-5.21%
Mid-america Apartment Communities Inc.
Mid-america Apartment Communities Inc.
-2.28%
5.42%
-11.07%
-19.23%
17.62%
Company NameP/E RatioP/B RatioPEG RatioEPSROEROADiv YieldBVPS
Veris Residential Inc
Veris Residential Inc
177.61
NA
NA
-0.29
-0.09
0.0
0.01
12.26
Equity Residential
Equity Residential
27.79
27.79
6.35
1.91
0.08
0.03
0.04
29.16
Essex Property Trust Inc.
Essex Property Trust Inc.
31.76
31.76
7.76
8.19
0.1
0.03
0.04
86.41
Invitation Homes Inc.
Invitation Homes Inc.
38.86
38.86
19.43
0.77
0.05
0.02
0.03
16.55
Avalonbay Communities Inc.
Avalonbay Communities Inc.
28.67
28.67
5.03
4.94
0.08
0.03
0.04
82.5
Mid-america Apartment Communities Inc.
Mid-america Apartment Communities Inc.
28.03
28.03
10.19
4.36
0.09
0.04
0.04
52.02
Company NameAnalyst ViewMarket Cap5 Years Return %PE RatioProfit Margin
Veris Residential Inc
Veris Residential Inc
Buy
$1.6B
-31.92%
177.61
-31.59%
Equity Residential
Equity Residential
Hold
$24.6B
-15.31%
27.79
31.7%
Essex Property Trust Inc.
Essex Property Trust Inc.
Hold
$17.3B
-9.48%
31.76
30.96%
Invitation Homes Inc.
Invitation Homes Inc.
Buy
$20.9B
33.0%
38.86
21.93%
Avalonbay Communities Inc.
Avalonbay Communities Inc.
Hold
$27.4B
-5.21%
28.67
33.81%
Mid-america Apartment Communities Inc.
Mid-america Apartment Communities Inc.
Hold
$16.0B
17.62%
28.03
25.92%

Institutional Holdings

  • BlackRock Inc

    16.18%

  • Vanguard Group Inc

    13.44%

  • Prudential Financial Inc

    7.25%

  • Madison International Realty Holdings, LLC

    6.60%

  • State Street Corporation

    5.10%

  • H/2 Credit Manager LP

    4.64%

Company Information

veris residential develops, owns, and manages premier multifamily communities. beneath that simple statement of fact lies the founding principle of all we do: caring for properties, people, and the planet. underpinned by high-quality assets and best-in-class technology, we curate holistic places and living experiences that meet the sustainability-conscious lifestyle needs of today’s residents, while empowering our team members, rewarding our partners and investors, and helping to sustain the planet we all share. veris residential unifies the vision and expertise of one of the country’s leading real estate investment trusts, mack-cali realty corporation, and its wholly owned subsidiary, roseland residential. with a new name and a new focus, we are creating new possibilities. actively envisioning a better tomorrow, and doing the work necessary today to go forward together. diversifying our workforces. enhancing our communities. reducing our environmental impact. increasing our transpar

Organization
Veris Residential Inc
Employees
197
CEO
Mr. Mahbod Nia
Industry
Services

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