Veris Residential, Inc.

VRE

US5544891048

Residential REITs

Market Closed - Nyse Other stock markets 01:30:02 09/05/2024 am IST			5-day change	1st Jan Change
15.22 ^USD	-1.10%		+4.82%	-3.24%

06/05	Veris Residential Maintains Quarterly Dividend at $0.06 a Share; Payable July 16 to Shareholders of Record as of July 3	MT
06/05	Veris Residential, Inc. Announces Cash Dividend for the Second Quarter 2024, Payable on July 16, 2024	CI

Veris Residential, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024

April 25, 2024 at 01:50 am IST

Veris Residential, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 60.64 million compared to USD 56.1 million a year ago. Revenue was USD 67.34 million compared to USD 62.6 million a year ago.

Net loss was USD 3.9 million compared to USD 19.97 million a year ago. Basic loss per share was USD 0.04 compared to USD 0.27 a year ago. Diluted loss per share was USD 0.04 compared to USD 0.27 a year ago.

Latest news about Veris Residential, Inc.

Veris Residential Maintains Quarterly Dividend at $0.06 a Share; Payable July 16 to Shareholders of Record as of July 3	06/05	MT
Veris Residential, Inc. Announces Cash Dividend for the Second Quarter 2024, Payable on July 16, 2024	06/05	CI
Transcript : Veris Residential, Inc., Q1 2024 Earnings Call, Apr 25, 2024	25/04
Earnings Flash (VRE) VERIS RESIDENTIAL Posts Q1 Revenue $67.3M	25/04	MT
Veris Residential, Inc. Provides Earnings Guidance for the Year 2024	25/04	CI
Veris Residential, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	25/04	CI
601 W Companies LLC completed the acquisition of Harborside 5 from Veris Residential, Inc..	20/03	CI
Veris Residential Declares Quarterly Dividend at $0.0525 a Share, Payable April 16 to Shareholders of Record April 3	01/03	MT
Veris Residential, Inc. Declares Cash Dividend for the First Quarter 2024, Payable on April 16, 2024	01/03	CI
Transcript : Veris Residential, Inc., Q4 2023 Earnings Call, Feb 22, 2024	22/02
Veris Residential, Inc. Reports Impairment Charges for the Fourth Quarter Ended December 31, 2023	22/02	CI
Veris Residential, Inc. Provides Earnings Guidance for the Year 2024	22/02	CI
Veris Residential, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	22/02	CI
An undisclosed buyer signed a binding contract to acquire Harborside 5 from Veris Residential, Inc. for $85 million.	21/02	CI
An undisclosed buyer completed the acquisition of The Metropolitan Lofts in downtown Morristown from Veris Residential, Inc. and Woodmont Properties, Inc. for $30.3 million.	16/01	CI
Land & Buildings nominates 3 candidates in Ventas board challenge	11/01	RE
Veris Residential Boosts Quarterly Dividend by 5% to $0.0525 a Share, Payable Jan. 10 to Shareholders as of Dec. 29	19/12	MT
Veris Residential, Inc. Declares a Cash Dividend for the Fourth Quarter Ending December 31, 2023, Payable on January 10, 2024	19/12	CI
Transcript : Veris Residential, Inc., Q3 2023 Earnings Call, Oct 26, 2023	26/23/26
Earnings Flash (VRE) VERIS RESIDENTIAL Posts Q3 Revenue $71.5M	26/23/26	MT
Veris Residential, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	26/23/26	CI
Veris Residential, Inc. Raises Earnings Guidance for the Year 2023	26/23/26	CI
Evercore ISI Trims Veris Residential's Price Target to $18 From $19, Outperform Rating Maintained	09/23/09	MT
Insider Sell: Veris Residential	02/23/02	MT
Truist Securities Adjusts Price Target on Veris Residential to $16 From $15, Maintains Hold Rating	15/23/15	MT

Chart Veris Residential, Inc.

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Company Profile

Veris Residential, Inc. is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company owns, operates, and develops multifamily rental properties located primarily in the Northeast, as well as a portfolio of non-strategic land and commercial assets. The Company operates through two segments: multifamily real estate and services and commercial and other real estate. The Company provides property management, leasing, acquisition, development, construction and tenant-related services for its multifamily real estate portfolio and commercial and other real estate located in the United States. The Company owns and has interests in 24 multifamily rental properties as well as non-strategic assets comprised of one office property, four parking/retail properties, and developable land. It seeks to own a portfolio comprised primarily of Class A multifamily properties with premium amenities and offerings that reflect its commitment to sustainability.

Sector

Residential REITs

Calendar

06/08/2024 - Q2 2024 Earnings Release (Projected)

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Russell 2000

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Ratings for Veris Residential, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

15.22 USD

Average target price

17 USD

Spread / Average Target

+11.70%

Consensus

EPS Revisions

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Quarterly earnings - Rate of surprise

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Sector Residential REITs

	1st Jan change	Capi.
VERIS RESIDENTIAL, INC.	-3.24%	1.41B
EQUITY RESIDENTIAL	+8.08%	25.05B
INVITATION HOMES INC.	+1.73%	21.25B
ESSEX PROPERTY TRUST, INC.	+2.65%	16.34B
MID-AMERICA APARTMENT COMMUNITY, INC.	-1.09%	15.54B
SUN COMMUNITIES, INC.	-12.67%	14.55B
AMERICAN HOMES 4 RENT	+0.56%	13.25B
UDR INC.	-0.05%	12.6B
EQUITY LIFESTYLE PROPERTIES, INC.	-11.07%	11.7B
CAMDEN PROPERTY TRUST	+4.91%	11.1B

Residential REITs