Veris Residential Statistics
Total Valuation
VRE has a market cap or net worth of $1.39 billion. The enterprise value is $3.19 billion.
| Market Cap | 1.39B |
| Enterprise Value | 3.19B |
Important Dates
The last earnings date was Wednesday, April 24, 2024, after market close.
| Earnings Date | Apr 24, 2024 |
| Ex-Dividend Date | Apr 2, 2024 |
Share Statistics
VRE has 92.23 million shares outstanding. The number of shares has increased by 0.55% in one year.
| Shares Outstanding | 92.23M |
| Shares Change (YoY) | +0.55% |
| Shares Change (QoQ) | +0.01% |
| Owned by Insiders (%) | 9.70% |
| Owned by Institutions (%) | 110.95% |
| Float | 85.96M |
Valuation Ratios
| PE Ratio | n/a |
| Forward PE | n/a |
| PS Ratio | 4.97 |
| Forward PS | 4.78 |
| PB Ratio | 1.22 |
| P/FCF Ratio | 29.13 |
| PEG Ratio | n/a |
Enterprise Valuation
The stock's EV/EBITDA ratio is 41.89, with an EV/FCF ratio of 66.84.
| EV / Earnings | n/a |
| EV / Sales | 11.40 |
| EV / EBITDA | 41.89 |
| EV / EBIT | n/a |
| EV / FCF | 66.84 |
Financial Position
| Current Ratio | n/a |
| Quick Ratio | n/a |
| Debt / Equity | 1.63 |
| Debt / EBITDA | 24.35 |
| Debt / FCF | 38.85 |
| Interest Coverage | -0.19 |
Financial Efficiency
Return on equity (ROE) is -9.10% and return on invested capital (ROIC) is -1.02%.
| Return on Equity (ROE) | -9.10% |
| Return on Assets (ROA) | -3.00% |
| Return on Capital (ROIC) | -1.02% |
| Revenue Per Employee | $1.42M |
| Profits Per Employee | -$544,492 |
| Employee Count | 197 |
| Asset Turnover | 0.08 |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, VRE has paid $492,000 in taxes.
| Income Tax | 492,000 |
| Effective Tax Rate | n/a |
Stock Price Statistics
The stock price has decreased by -2.14% in the last 52 weeks. The beta is 1.21, so VRE's price volatility has been higher than the market average.
| Beta (1Y) | 1.21 |
| 52-Week Price Change | -2.14% |
| 50-Day Moving Average | 14.81 |
| 200-Day Moving Average | 15.76 |
| Relative Strength Index (RSI) | 56.73 |
| Average Volume (30 Days) | 597,146 |
Short Selling Information
The latest short interest is 3.12 million, so 3.38% of the outstanding shares have been sold short.
| Short Interest | 3.12M |
| Short Previous Month | 4.17M |
| Short % of Shares Out | 3.38% |
| Short % of Float | 3.63% |
| Short Ratio (days to cover) | 5.96 |
Income Statement
In the last 12 months, VRE had revenue of $279.86 million and -$107.27 million in losses. Loss per share was -$1.22.
| Revenue | 279.86M |
| Gross Profit | 157.01M |
| Operating Income | -30.51M |
| Pretax Income | -106.77M |
| Net Income | -107.27M |
| EBITDA | 76.12M |
| EBIT | -17.42M |
| Loss Per Share | -$1.22 |
Balance Sheet
The company has $54.58 million in cash and $1.85 billion in debt, giving a net cash position of -$1.80 billion or -$19.51 per share.
| Cash & Cash Equivalents | 54.58M |
| Total Debt | 1.85B |
| Net Cash | -1.80B |
| Net Cash Per Share | -$19.51 |
| Equity / Book Value | 1.14B |
| Book Value Per Share | 12.33 |
| Working Capital | n/a |
Cash Flow
In the last 12 months, operating cash flow was $45.54 million and capital expenditures $2.18 million, giving a free cash flow of $47.72 million.
| Operating Cash Flow | 45.54M |
| Capital Expenditures | 2.18M |
| Free Cash Flow | 47.72M |
| FCF Per Share | $0.52 |
Margins
Gross margin is 56.10%, with operating and profit margins of -10.90% and -38.33%.
| Gross Margin | 56.10% |
| Operating Margin | -10.90% |
| Pretax Margin | -38.15% |
| Profit Margin | -38.33% |
| EBITDA Margin | 27.20% |
| EBIT Margin | -6.22% |
| FCF Margin | 17.05% |
Dividends & Yields
This stock pays an annual dividend of $0.21, which amounts to a dividend yield of 1.39%.
| Dividend Per Share | $0.21 |
| Dividend Yield | 1.39% |
| Dividend Growth (YoY) | n/a |
| Years of Dividend Growth | n/a |
| Payout Ratio | n/a |
| Buyback Yield | -0.55% |
| Shareholder Yield | 0.85% |
| Earnings Yield | -7.72% |
| FCF Yield | 3.43% |
Analyst Forecast
The average price target for VRE is $17.33, which is 15.00% higher than the current price. The consensus rating is "Buy".
| Price Target | $17.33 |
| Price Target Difference | 15.00% |
| Analyst Consensus | Buy |
| Analyst Count | 3 |
| Revenue Growth Forecast (5Y) | 4.18% |
| EPS Growth Forecast (5Y) | n/a |
Stock Splits
This stock does not have any record of stock splits.
| Last Split Date | n/a |
| Split Type | n/a |
| Split Ratio | n/a |
Scores
| Altman Z-Score | n/a |
| Piotroski F-Score | 4 |