NYSE: VREVeris Residential Inc Stock
$15.29+0.22 (+1.46%)
Updated May 31, 2024
VRE Price
$15.29
Fair Value Price
N/A
Market Cap
$1.42B
52 Week Low
$13.07
52 Week High
$18.98
P/E
-15.29x
P/B
1.25x
P/S
5x
PEG
N/A
Dividend Yield
1.01%
Revenue
$280.47M
Earnings
-$91.20M
Gross Margin
55.6%
Operating Margin
-0.64%
Profit Margin
-32.5%
Debt to Equity
1.71
Operating Cash Flow
$49M
Beta
0.97
Next Earnings
Jun 12, 2024
Ex-Dividend
Jul 3, 2024
Next Dividend
Jul 16, 2024
VRE Overview
Veris Residential Incorporated is a Real Estate Investment Trust (REIT) that owns or has an interest in 71 properties, including 42 office properties (10.4 million square feet), 21 apartment buildings (6,524 units), 4 parking/retail properties (108,000 square feet), 3 hotels (723 rooms), and land holdings. With the exception of a few properties in New York and Massachusetts, all of the properties are in New Jersey. Known as Mack-Cali Realty Corp until 2021/12, the company was founded in 1997 and is headquartered in Jersey City, NJ.
Zen Score
–
Industry Average (26)
You've viewed Zen Score for 10/10 free stocks. Upgrade to Premium to see how VRE scored across 38 valuation, financial, forecast, performance, and dividend due diligence checks.
Due Diligence Checks
VRE is unprofitable, so we are unable to calculate its intrinsic value according to an updated version of Benjamin Graham's Formula from "The Intelligent Investor"
Below Benjamin Graham Formula Value Valuation
VRE is good value based on its book value relative to its share price (1.25x), compared to the US REIT - Residential industry average (2.34x)
P/B vs Industry Valuation
VRE is unprofitable, so we... subscribe to Premium to read more.
PEG Value Valuation
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VRE News
Valuation
VRE price to earnings (PE)
For valuing profitable companies with steady earnings
Company
-15.29x
Industry
7.97x
Market
28.44x
VRE price to book (PB)
For valuing companies that are loss-making or have lots of physical asset
Company
1.25x
Industry
2.34x
VRE is good value based... subscribe to Premium to read more.
P/B vs Industry Valuation
VRE's financial health
Profit margin
Revenue
$67.3M
Net Income
-$3.9M
Profit Margin
-5.8%
VRE's Earnings (EBIT) of -$1.80M... subscribe to Premium to read more.
Interest Coverage Financials
VRE's profit margin has decreased... subscribe to Premium to read more.
Profit Margin Growth Financials
Assets to liabilities
Assets
$3.2B
Liabilities
$1.9B
Debt to equity
1.71
VRE's debt relative to shareholder... subscribe to Premium to read more.
Shrinking Debt Financials
VRE's debt to equity ratio... subscribe to Premium to read more.
Healthy Debt to Equity Financials
Cash flow
Operating
$15.7M
Investing
$93.8M
Financing
-$25.7M
VRE's operating cash flow ($49.15M)... subscribe to Premium to read more.
Debt Coverage Financials
VRE vs Residential REIT Stocks
Veris Residential Stock FAQ
Company
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Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.