Stock VRE VERIS RESIDENTIAL, INC.
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Financials Veris Residential, Inc.

Equities

VRE

US5544891048

Residential REITs

Market Closed - Nyse
Other stock markets
 01:30:02 27/04/2024 am IST 		5-day change 1st Jan Change
14.54 USD -0.75% Intraday chart for Veris Residential, Inc. +0.76% -7.57%
25/04 Transcript : Veris Residential, Inc., Q1 2024 Earnings Call, Apr 25, 2024
24/04 Earnings Flash (VRE) VERIS RESIDENTIAL Posts Q1 Revenue $67.3M MT

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,094 1,130 1,671 1,450 1,450 1,345 - -
Enterprise Value (EV) 1 4,861 3,879 4,028 3,327 3,276 3,405 3,166 3,181
P/E ratio 24.3 x -17.8 x -13.2 x -25.3 x -12.9 x -45.4 x -36 x -41.8 x
Yield 3.46% 3.21% - - 0.65% 1.43% 1.63% 2.34%
Capitalization / Revenue 5.97 x 3.6 x 5.07 x 4.08 x 5.18 x 4.81 x 4.57 x 4.4 x
EV / Revenue 13.9 x 12.4 x 12.2 x 9.37 x 11.7 x 12.2 x 10.8 x 10.4 x
EV / EBITDA 33.8 x 39.4 x 35.8 x 24.8 x 29.1 x 25 x 22.4 x 22.5 x
EV / FCF -7,12,40,978 x - - - - - - -
FCF Yield -0% - - - - - - -
Price to Book 1.4 x 0.81 x 1.3 x 1.29 x 1.39 x 1.36 x 1.46 x 1.58 x
Nbr of stocks (in thousands) 90,528 90,659 90,893 91,034 92,167 92,530 - -
Reference price 2 23.13 12.46 18.38 15.93 15.73 14.54 14.54 14.54
Announcement Date 26/02/20 25/02/21 23/02/22 21/02/23 21/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 350.9 313.6 329.3 355 279.9 279.9 294.1 306
EBITDA 1 143.7 98.51 112.5 134 112.5 136.3 141.6 141.1
EBIT 1 11.68 -23.52 0.911 22.53 18.95 40.66 45.36 53.39
Operating Margin 3.33% -7.5% 0.28% 6.35% 6.77% 14.53% 15.42% 17.45%
Earnings before Tax (EBT) 1 252.6 -115.5 -149 -34.14 -156.7 -45.64 -39.74 -
Net income 1 111.9 -51.39 -119 -52.07 -107.3 -32.95 -38.37 -33.57
Net margin 31.88% -16.39% -36.15% -14.67% -38.33% -11.77% -13.04% -10.97%
EPS 2 0.9500 -0.7000 -1.390 -0.6300 -1.220 -0.3200 -0.4038 -0.3480
Free Cash Flow -68.24 - - - - - - -
FCF margin -19.44% - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.8000 0.4000 - - 0.1025 0.2080 0.2375 0.3400
Announcement Date 26/02/20 25/02/21 23/02/22 21/02/23 21/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 88.23 99.1 79.83 91.36 86.2 66.92 68.73 71.48 72.92 67.34 68.06 67.8 68.88 73.14 73.65
EBITDA 1 29.65 28.42 31.11 36.32 27 41.78 30.48 24.32 28.87 26.99 34.91 34.65 35.49 - -
EBIT 1 4.443 15.59 3.376 7.358 -1.703 3.992 6.791 1.113 5.822 6.875 9.742 9.452 10.83 - -
Operating Margin 5.04% 15.73% 4.23% 8.05% -1.98% 5.96% 9.88% 1.56% 7.98% 10.21% 14.31% 13.94% 15.73% - -
Earnings before Tax (EBT) - -4.527 - - - - - - - - - - - - -
Net income 1 -26.27 -9.092 26.37 -101.2 31.87 -19.97 -27.43 -54.81 -5.051 -3.903 -6.272 -8.885 -9.947 -9.658 -8.707
Net margin -29.78% -9.17% 33.04% -110.8% 36.97% -29.84% -39.92% -76.67% -6.93% -5.8% -9.22% -13.1% -14.44% -13.21% -11.82%
EPS 2 -0.3200 -0.1300 0.2500 -1.100 0.3500 -0.2700 -0.3000 -0.6000 -0.0600 -0.0400 -0.0700 -0.1000 -0.1100 - -
Dividend per Share 2 - - - - - - - 0.0500 0.0525 - 0.0500 0.0500 0.0500 0.0550 0.0550
Announcement Date 23/02/22 04/05/22 03/08/22 02/11/22 21/02/23 26/04/23 26/07/23 25/10/23 21/02/24 24/04/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 2,767 2,749 2,357 1,877 1,826 2,060 1,820 1,836
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 19.26 x 27.91 x 20.95 x 14 x 16.22 x 15.12 x 12.86 x 13.01 x
Free Cash Flow -68.2 - - - - - - -
ROE (net income / shareholders' equity) 7.51% -5.47% -8.88% -4.14% -9.04% -3.5% -3.09% -3.65%
ROA (Net income/ Total Assets) 2.16% -1.52% -2.46% - -3% -1.29% -1.29% -1.25%
Assets 1 5,176 3,389 4,838 - 3,581 2,554 2,986 2,687
Book Value Per Share 2 16.50 15.40 14.10 12.30 11.30 10.70 9.950 9.190
Cash Flow per Share 1.310 0.8500 0.6200 0.6600 - - - -
Capex 270 451 277 255 - - - -
Capex / Sales 76.88% 143.96% 84.03% 71.88% - - - -
Announcement Date 26/02/20 25/02/21 23/02/22 21/02/23 21/02/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Veris Residential, Inc.

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
14.54 USD
Average target price
17 USD
Spread / Average Target
+16.92%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Residential REITs

1st Jan change Capi.
VERIS RESIDENTIAL, INC. Stock Veris Residential, Inc.
-7.57% 1.35B
AVALONBAY COMMUNITIES, INC. Stock AvalonBay Communities, Inc.
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EQUITY RESIDENTIAL Stock Equity Residential
+6.51% 24.68B
INVITATION HOMES INC. Stock Invitation Homes Inc.
+1.79% 21.27B
MID-AMERICA APARTMENT COMMUNITY, INC. Stock Mid-America Apartment Community, Inc.
-3.89% 15.08B
SUN COMMUNITIES, INC. Stock Sun Communities, Inc.
-10.90% 14.84B
AMERICAN HOMES 4 RENT Stock American Homes 4 Rent
+1.25% 13.34B
UDR INC. Stock UDR Inc.
-0.99% 12.48B
EQUITY LIFESTYLE PROPERTIES, INC. Stock Equity LifeStyle Properties, Inc.
-14.19% 11.29B
CAMDEN PROPERTY TRUST Stock Camden Property Trust
+0.33% 10.84B
Residential REITs
  1. Stock Market
  2. Equities
  3. VRE Stock
  4. Financials Veris Residential, Inc.