Veris Residential, Inc. (VRE)
| Market Cap | 1.67B |
| 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 | $0.28 (1.71%) |
| Ex-Dividend Date | Sep 30, 2024 |
| Volume | 766,198 |
| Open | 16.28 |
| Previous Close | 16.38 |
| Day's Range | 16.28 - 16.84 |
| 52-Week Range | 13.84 - 18.85 |
| Beta | 1.26 |
| Analysts | Buy |
| Price Target | 18.25 (+11.21%) |
| 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... [Read more]
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.
Financial StatementsAnalyst 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 11.21% from the latest price.
News
Veris Residential Is An Innovator In Multifamily Real Estate
Veris Residential, Inc. is a multifamily REIT focusing on sustainable, urban properties for affluent renters, leveraging AI for operational efficiency and tenant engagement. Veris Residential's innova...
Veris Residential Declares Quarterly Cash Dividend
JERSEY CITY, N.J. , Nov. 13, 2024 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE) ("Veris Residential" or the "Company"), a forward-thinking, environmentally and socially conscious multifamily REI...
BofA Analyst Doubles Down On Veris Residential Growth, Downgrades Sun Communities - Here's Why
BofA Securities analyst Joshua Dennerlein revised ratings on residential REITs, Veris Residential, Inc. VRE and Sun Communities, Inc. SUI.
Veris Residential, Inc. (VRE) Q3 2024 Earnings Call Transcript
Veris Residential, Inc. (NYSE:VRE) Q3 2024 Earnings Conference Call October 31, 2024 8:30 AM ET Company Participants Taryn Fielder - General Counsel & Secretary Mahbod Nia - Chief Executive Officer A...
Veris Residential, Inc. Reports Third Quarter 2024 Results
Raises Full-Year 2024 Guidance JERSEY CITY, N.J. , Oct. 30, 2024 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE) (the "Company"), a forward-thinking, environmentally and socially conscious multifa...
Veris Residential, Inc. Announces Dates for Third Quarter 2024 Financial Results and Webcast
JERSEY CITY, N.J. , Oct. 10, 2024 /PRNewswire/ -- Veris Residential, Inc. ("Veris Residential" or the "Company") (NYSE: VRE), a forward-thinking, environmentally and socially conscious REIT that prima...
Massive Apartment Deals Demonstrate Value Of Apartment REITs
Equity Residential bought 11 apartments with 3572 units from Blackstone for $964 million, expanding its presence in Dallas, Denver, and Atlanta. Public apartment REITs are trading below asset value, w...
Veris Residential Q2 Earnings: Finding Their Footing Under A New Brand
Veris Residential underwent a major transformation, shifting from a diversified REIT to a multifamily landlord with a socially conscious business model. VRE focuses on luxury apartments in the Northea...
Veris Residential, Inc. (VRE) Q2 2024 Earnings Call Transcript
Veris Residential, Inc. (NYSE:VRE) Q2 2024 Earnings Conference Call July 25, 2024 8:30 AM ET Company Participants Taryn Fielder - General Counsel & Secretary Mahbod Nia - Chief Executive Officer Aman...
Veris Residential, Inc. Reports Second Quarter 2024 Results
JERSEY CITY, N.J. , July 24, 2024 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE) (the "Company"), a forward-thinking, environmentally and socially conscious multifamily REIT, today reported resul...
Apartment Fundamental Outlook Improved As Supply Wanes
Apartment REITs have beaten 1Q24 earnings despite a massive new supply wave hitting the sector in 2024 and early 2025. Demand drivers such as strong employment, low savings rate, high cost of houses, ...
Veris Residential, Inc. Announces Dates for Second Quarter 2024 Financial Results and Webcast
JERSEY CITY, N.J. , July 8, 2024 /PRNewswire/ -- Veris Residential, Inc. ("Veris Residential" or the "Company") (NYSE: VRE), a forward-thinking, environmentally and socially conscious REIT that primar...
Veris Residential, Inc. Announces Withdrawal of Public Offering of Common Stock
JERSEY CITY, N.J. , June 18, 2024 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE) (the "Company") today announced that it has withdrawn its proposed public offering of shares of its common stock.
Veris Residential, Inc. Announces Public Offering of Common Stock
JERSEY CITY, N.J. , June 17, 2024 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE) (the "Company") announced today that it has commenced an underwritten public offering of 10,500,000 shares of its ...
Sell These 11 REITs While You Still Can
The next two to five years probably will not be kind to REITs. Weak REITs with messy balance sheets, weak forecast for FFO growth, unsafe dividends, and/or overvaluation are likely to suffer the most ...
Veris Residential CEO Mahbod Nia Delivers Lecture at MIT Center for Real Estate
Explores the Integration of ESG Considerations into Business Decision-Making for the Benefit of All Stakeholders CAMBRIDGE, Mass. and JERSEY CITY, N.J.
Veris Residential, Inc. (VRE) Q1 2024 Earnings Call Transcript
Veris Residential, Inc. (NYSE:VRE) Q1 2024 Earnings Conference Call April 25, 2024 8:30 AM ET Company Participants Taryn Fielder - General Counsel Mahbod Nia - Chief Executive Officer Amanda Lombard ...
Veris Residential, Inc. Reports First Quarter 2024 Results
JERSEY CITY, N.J. , April 24, 2024 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE) (the "Company"), a forward-thinking, environmentally and socially conscious multifamily REIT, today reported resu...
Veris Residential, Inc. Announces Dates for First Quarter 2024 Financial Results and Webcast
JERSEY CITY, N.J., April 15, 2024 /PRNewswire/ -- Veris Residential, Inc. ("Veris Residential" or the "Company") (NYSE: VRE), a forward-thinking, environmentally and socially conscious REIT that prima...
Veris Residential, Inc. (VRE) Q4 2023 Earnings Call Transcript
Veris Residential, Inc. (VRE) Q4 2023 Earnings Call Transcript
Veris Residential, Inc. Reports Fourth Quarter and Full Year 2023 Results
JERSEY CITY, N.J. , Feb. 21, 2024 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE) (the "Company"), a forward-thinking, environmentally and socially conscious multifamily REIT, today reported resul...
Veris Residential, Inc. Announces Dates for Fourth Quarter 2023 Financial Results and Webcast
JERSEY CITY, N.J. , Feb. 6, 2024 /PRNewswire/ -- Veris Residential, Inc. ("Veris Residential") (NYSE: VRE), a forward-thinking, environmentally and socially conscious REIT that primarily owns, operate...
Veris Residential Announces Tax Treatment of 2023 Distributions
JERSEY CITY, N.J. , Jan. 22, 2024 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE) ("Veris Residential" or the "Company"), a forward-thinking, environmentally and socially conscious REIT that prima...
Disinflation: A Gift That Keeps Giving
U.S. equity markets extended their winning streak to an eighth week - the longest in five years - after inflation data both domestically and abroad showed a further cooling of price pressures. Extendi...
Veris Residential: A Turnaround In Process
Veris Residential is a REIT focused on Class-A multi-family properties in the Northeast. The company is in the process of becoming a pure-play multifamily REIT and has already made some necessary dive...