NYSE: VREVeris Residential Inc Stock
$14.17+0.16 (+1.14%)
Updated Apr 18, 2024
VRE Price
$14.17
Fair Value Price
N/A
Market Cap
$1.31B
52 Week Low
$13.07
52 Week High
$18.98
P/E
-11.61x
P/B
1.15x
P/S
5.16x
PEG
N/A
Dividend Yield
1.09%
Revenue
$279.86M
Earnings
-$107.27M
Gross Margin
56.1%
Operating Margin
-6.22%
Profit Margin
-38.3%
Debt to Equity
1.7
Operating Cash Flow
$46M
Beta
0.97
Next Earnings
Apr 25, 2024
Ex-Dividend
N/A
Next Dividend
N/A
VRE Overview
Veris Residential Incorporated is a Real Estate Investment Trust (REIT) that owns or has an interest in 71 properties, including 42 office properties (10.4 million square feet), 21 apartment buildings (6,524 units), 4 parking/retail properties (108,000 square feet), 3 hotels (723 rooms), and land holdings. With the exception of a few properties in New York and Massachusetts, all of the properties are in New Jersey. Known as Mack-Cali Realty Corp until 2021/12, the company was founded in 1997 and is headquartered in Jersey City, NJ.
Zen Score
–
Industry Average (27)
You've viewed Zen Score for 10/10 free stocks. Upgrade to Premium to see how VRE scored across 38 valuation, financial, forecast, performance, and dividend due diligence checks.
Due Diligence Checks
VRE is unprofitable, so we are unable to calculate its intrinsic value according to an updated version of Benjamin Graham's Formula from "The Intelligent Investor"
Below Benjamin Graham Formula Value Valuation
VRE is good value based on its book value relative to its share price (1.15x), compared to the US REIT - Residential industry average (2.21x)
P/B vs Industry Valuation
VRE is unprofitable, so we... subscribe to Premium to read more.
PEG Value Valuation
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VRE News
Valuation
VRE price to earnings (PE)
For valuing profitable companies with steady earnings
Company
-11.61x
Industry
16.02x
Market
41.33x
VRE price to book (PB)
For valuing companies that are loss-making or have lots of physical asset
Company
1.15x
Industry
2.21x
VRE is good value based... subscribe to Premium to read more.
P/B vs Industry Valuation
VRE's financial health
Profit margin
Revenue
$72.9M
Net Income
-$5.1M
Profit Margin
-6.9%
VRE's Earnings (EBIT) of -$17.42M... subscribe to Premium to read more.
Interest Coverage Financials
VRE's profit margin has decreased... subscribe to Premium to read more.
Profit Margin Growth Financials
Assets to liabilities
Assets
$3.2B
Liabilities
$1.9B
Debt to equity
1.7
VRE's debt relative to shareholder... subscribe to Premium to read more.
Shrinking Debt Financials
VRE's debt to equity ratio... subscribe to Premium to read more.
Healthy Debt to Equity Financials
Cash flow
Operating
$12.3M
Investing
$85.1M
Financing
-$83.6M
VRE's operating cash flow ($45.54M)... subscribe to Premium to read more.
Debt Coverage Financials
VRE vs Residential REIT Stocks
Veris Residential Stock FAQ
Company
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Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.