Veris Residential Statistics
Total Valuation
VRE has a market cap or net worth of $1.40 billion. The enterprise value is $3.12 billion.
| Market Cap | 1.40B |
| Enterprise Value | 3.12B |
Important Dates
The next estimated earnings date is Wednesday, July 24, 2024, after market close.
| Earnings Date | Jul 24, 2024 |
| Ex-Dividend Date | Jul 3, 2024 |
Share Statistics
VRE has 92.75 million shares outstanding. The number of shares has increased by 0.44% in one year.
| Shares Outstanding | 92.75M |
| Shares Change (YoY) | +0.44% |
| Shares Change (QoQ) | +0.03% |
| Owned by Insiders (%) | 10.00% |
| Owned by Institutions (%) | 110.81% |
| Float | 86.18M |
Valuation Ratios
| PE Ratio | n/a |
| Forward PE | n/a |
| PS Ratio | 5.00 |
| Forward PS | 6.83 |
| PB Ratio | 1.24 |
| P/FCF Ratio | 25.37 |
| PEG Ratio | n/a |
Enterprise Valuation
The stock's EV/EBITDA ratio is 35.41, with an EV/FCF ratio of 56.42.
| EV / Earnings | n/a |
| EV / Sales | 11.11 |
| EV / EBITDA | 35.41 |
| EV / EBIT | n/a |
| EV / FCF | 56.42 |
Financial Position
| Current Ratio | n/a |
| Quick Ratio | n/a |
| Debt / Equity | 1.64 |
| Debt / EBITDA | 21.06 |
| Debt / FCF | 33.55 |
| Interest Coverage | -0.02 |
Financial Efficiency
Return on equity (ROE) is -7.90% and return on invested capital (ROIC) is -0.84%.
| Return on Equity (ROE) | -7.90% |
| Return on Assets (ROA) | -2.70% |
| Return on Capital (ROIC) | -0.84% |
| Revenue Per Employee | $1.42M |
| Profits Per Employee | -$462,919 |
| Employee Count | 197 |
| Asset Turnover | 0.08 |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, VRE has paid $551,000 in taxes.
| Income Tax | 551,000 |
| Effective Tax Rate | n/a |
Stock Price Statistics
The stock price has decreased by -7.02% in the last 52 weeks. The beta is 1.25, so VRE's price volatility has been higher than the market average.
| Beta (5Y) | 1.25 |
| 52-Week Price Change | -7.02% |
| 50-Day Moving Average | 15.07 |
| 200-Day Moving Average | 15.10 |
| Relative Strength Index (RSI) | 53.99 |
| Average Volume (20 Days) | 1,133,448 |
Short Selling Information
The latest short interest is 4.83 million, so 5.20% of the outstanding shares have been sold short.
| Short Interest | 4.83M |
| Short Previous Month | 4.43M |
| Short % of Shares Out | 5.20% |
| Short % of Float | 5.60% |
| Short Ratio (days to cover) | 9.57 |
Income Statement
In the last 12 months, VRE had revenue of $280.47 million and -$91.20 million in losses. Loss per share was -$1.00.
| Revenue | 280.47M |
| Gross Profit | 155.94M |
| Operating Income | -24.96M |
| Pretax Income | -90.64M |
| Net Income | -91.20M |
| EBITDA | 87.99M |
| EBIT | -1.80M |
| Loss Per Share | -$1.00 |
Balance Sheet
The company has $138.35 million in cash and $1.85 billion in debt, giving a net cash position of -$1.71 billion or -$18.49 per share.
| Cash & Cash Equivalents | 138.35M |
| Total Debt | 1.85B |
| Net Cash | -1.71B |
| Net Cash Per Share | -$18.49 |
| Equity (Book Value) | 1.13B |
| Book Value Per Share | 12.21 |
| Working Capital | n/a |
Cash Flow
In the last 12 months, operating cash flow was $49.15 million and capital expenditures $6.08 million, giving a free cash flow of $55.23 million.
| Operating Cash Flow | 49.15M |
| Capital Expenditures | 6.08M |
| Free Cash Flow | 55.23M |
| FCF Per Share | $0.60 |
Margins
Gross margin is 55.60%, with operating and profit margins of -8.90% and -32.52%.
| Gross Margin | 55.60% |
| Operating Margin | -8.90% |
| Pretax Margin | -32.32% |
| Profit Margin | -32.52% |
| EBITDA Margin | 31.37% |
| EBIT Margin | -0.64% |
| FCF Margin | 19.69% |
Dividends & Yields
This stock pays an annual dividend of $0.24, which amounts to a dividend yield of 1.59%.
| Dividend Per Share | $0.24 |
| Dividend Yield | 1.59% |
| Dividend Growth (YoY) | 230.00% |
| Years of Dividend Growth | n/a |
| Payout Ratio | n/a |
| Buyback Yield | -0.44% |
| Shareholder Yield | 1.15% |
| Earnings Yield | -6.51% |
| FCF Yield | 3.94% |
Analyst Forecast
The average price target for VRE is $14.33, which is -5.16% lower than the current price. The consensus rating is "Hold".
| Price Target | $14.33 |
| Price Target Difference | -5.16% |
| Analyst Consensus | Hold |
| 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 |