Veris Residential Statistics
Total Valuation
VRE has a market cap or net worth of $1.81 billion. The enterprise value is $3.49 billion.
Important Dates
The last earnings date was Wednesday, October 30, 2024, after market close.
| Earnings Date | Oct 30, 2024 |
| Ex-Dividend Date | Sep 30, 2024 |
Share Statistics
VRE has 101.53 million shares outstanding. The number of shares has increased by 1.01% in one year.
| Current Share Class | 92.85M |
| Shares Outstanding | 101.53M |
| Shares Change (YoY) | +1.01% |
| Shares Change (QoQ) | -0.36% |
| Owned by Insiders (%) | 1.21% |
| Owned by Institutions (%) | 91.95% |
| Float | 86.49M |
Valuation Ratios
| Price/FFO Ratio | n/a |
| Price/AFFO Ratio | n/a |
| PE Ratio | n/a |
| Forward PE | n/a |
| PS Ratio | 5.69 |
| Forward PS | 26.50 |
| PB Ratio | 1.50 |
| P/TBV Ratio | 1.63 |
| P/FCF Ratio | 34.15 |
| P/OCF Ratio | 34.15 |
| PEG Ratio | n/a |
Financial Ratio HistoryEnterprise Valuation
The stock's EV/EBITDA ratio is 27.41, with an EV/FCF ratio of 66.22.
| EV / Earnings | n/a |
| EV / Sales | 11.90 |
| EV / EBITDA | 27.41 |
| EV / EBIT | 93.80 |
| EV / FCF | 66.22 |
Financial Position
The company has a current ratio of 0.16, with a Debt / Equity ratio of 1.34.
| Current Ratio | 0.16 |
| Quick Ratio | 0.04 |
| Debt / Equity | 1.34 |
| Debt / EBITDA | 12.97 |
| Debt / FCF | 31.94 |
| Interest Coverage | 0.43 |
Financial Efficiency
Return on equity (ROE) is -5.27% and return on invested capital (ROIC) is 0.75%.
| Return on Equity (ROE) | -5.27% |
| Return on Assets (ROA) | 0.73% |
| Return on Capital (ROIC) | 0.75% |
| Revenue Per Employee | $1.49M |
| Profits Per Employee | -$79,817 |
| Employee Count | 197 |
| Asset Turnover | 0.09 |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, VRE has paid $473,000 in taxes.
| Income Tax | 473,000 |
| Effective Tax Rate | n/a |
Stock Price Statistics
The stock price has increased by +20.03% in the last 52 weeks. The beta is 1.26, so VRE's price volatility has been higher than the market average.
| Beta (5Y) | 1.26 |
| 52-Week Price Change | +20.03% |
| 50-Day Moving Average | 17.62 |
| 200-Day Moving Average | 16.01 |
| Relative Strength Index (RSI) | 53.17 |
| Average Volume (20 Days) | 522,076 |
Short Selling Information
The latest short interest is 3.96 million, so 3.90% of the outstanding shares have been sold short.
| Short Interest | 3.96M |
| Short Previous Month | 4.02M |
| Short % of Shares Out | 3.90% |
| Short % of Float | 4.58% |
| Short Ratio (days to cover) | 10.02 |
Income Statement
In the last 12 months, VRE had revenue of $293.37 million and -$15.72 million in losses. Loss per share was -$0.23.
| Revenue | 293.37M |
| Gross Profit | 166.43M |
| Operating Income | 37.23M |
| Pretax Income | -59.84M |
| Net Income | -15.72M |
| EBITDA | 127.41M |
| EBIT | 37.23M |
| Loss Per Share | -$0.23 |
Full Income StatementBalance Sheet
The company has $12.78 million in cash and $1.68 billion in debt, giving a net cash position of -$1.67 billion or -$16.47 per share.
| Cash & Cash Equivalents | 12.78M |
| Total Debt | 1.68B |
| Net Cash | -1.67B |
| Net Cash Per Share | -$16.47 |
| Equity (Book Value) | 1.26B |
| Book Value Per Share | 12.00 |
| Working Capital | -341.05M |
Full Balance SheetCash Flow
| Operating Cash Flow | 52.74M |
| Capital Expenditures | n/a |
| Free Cash Flow | 52.74M |
| FCF Per Share | $0.52 |
Full Cash Flow StatementMargins
Gross margin is 56.73%, with operating and profit margins of 12.69% and -5.36%.
| Gross Margin | 56.73% |
| Operating Margin | 12.69% |
| Pretax Margin | -23.10% |
| Profit Margin | -5.36% |
| EBITDA Margin | 43.43% |
| EBIT Margin | 12.69% |
| FCF Margin | 48.02% |