Veris Residential, Inc. (VRE)

Market Cap	1.63B
Revenue (ttm)	293.37M
Net Income (ttm)	-15.72M
Shares Out	101.53M
EPS (ttm)	-0.23
PE Ratio	n/a
Forward PE	n/a
Dividend	$0.26 (1.64%)
Ex-Dividend Date	Dec 31, 2024

Volume	255,533
Open	16.18
Previous Close	16.09
Day's Range	15.96 - 16.23
52-Week Range	13.84 - 18.85
Beta	1.27
Analysts	Buy
Price Target	18.25 (+13.85%)
Earnings Date	Feb 19, 2025

About VRE

Veris Residential, Inc. is a forward-thinking, environmentally and socially conscious real estate investment trust (REIT) that primarily owns, operates, acquires and develops holistically-inspired, Class A multifamily properties that meet the sustainability-conscious lifestyle needs of today's residents while seeking to positively impact the communities it serves and the planet at large. The company is guided by an experienced management team and Board of Directors and is underpinned by leading corporate governance principle; a best-in-class an...

• Industry: REIT - Residential
• Sector: Real Estate
• IPO Date: Aug 24, 1994
• Employees: 197
• Stock Exchange: NYSE
• Ticker Symbol: VRE
• Website: https://www.verisresidential.com

Financial Performance

In 2023, Veris Residential's revenue was $283.58 million, an increase of 20.77% compared to the previous year's $234.80 million. Losses were -$111.78 million, 94.3% more than in 2022.

Analyst Forecast

According to 4 analysts, the average rating for VRE stock is "Buy." The 12-month stock price forecast is $18.25, which is an increase of 13.85% from the latest price.

Price Target

$18.25

(13.85% upside)

Analyst Consensus: Buy