Veris Residential (VRE) AI Stock Analysis

• Market Cap: $1.35B
• Dividend Yield: 2.03%
• Average Volume (3M): 455.45K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.72
• Revenue Growth: 0.26%
• EPS Growth: 77.82%
• Country: US
• Employees: 188
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Residential
• EPS (TTM): 0.11
• Shares Outstanding: 93,421,770
• 10 Day Avg. Volume: 332,746
• 30 Day Avg. Volume: 455,448
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 2.44
• Enterprise Value/Revenue: 11.75
• Enterprise Value/Gross Profit: 17.41
• Enterprise Value/Ebitda: 25.35
• 1Y Price Target: $18.20
• Price Target Upside: 19.42% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 4

• Rating: 55 Neutral
• Price Target: $15.00 ▼(-1.57% Downside)

Veris Residential's overall score reflects financial challenges, including high leverage and negative cash flow, despite operational improvements and positive earnings call sentiment. Technical indicators suggest bearish momentum, and valuation metrics highlight ongoing financial difficulties.

Positive Factors

Future Earnings

Raising FFO estimates for 2025 and 2026 indicates optimism about future financial performance.

Market Position

VRE is viewed as well-positioned given continued demand and rent growth, limited competition from new supply, and incremental upside from the incorporation of Sable onto its operating platform.

Strategic Acquisitions

The potential acquisition of Ironstate's interest in Urby Harborside is viewed as a net positive for VRE for enabling cash flow recognition and simplifying the operating platform.

Negative Factors

Monetization Delays

The shares will not materially outperform the peers or the RMZ given this delay in the full monetization.

Price Target Adjustment

The price target is lowered to $15 due to assumptions of a lower target FFO multiple amid sluggish job growth and elevated macroeconomic uncertainty.

Takeover Premium Removal

The return mismatch reduces the likelihood of a near- to medium-term takeout, leading to the removal of the takeover premium from the valuation methodology.

Veris Residential Business Overview & Revenue Model

Company Description

Veris Residential, Inc. is a forward-thinking, environmentally- and socially-conscious real estate investment trust (REIT) that primarily owns, operates, acquires, and develops holistically-inspired, Class A multifamily properties that meet the sustainability-conscious lifestyle needs of today's residents while seeking to positively impact the communities it serves and the planet at large. The company is guided by an experienced management team and Board of Directors and is underpinned by leading corporate governance principles, a best-in-class and sustainable approach to operations, and an inclusive culture based on equality and meritocratic empowerment. For additional information on Veris Residential, Inc. and our properties available for lease, please visit http://www.verisresidential.com/.

How the Company Makes Money

Veris Residential generates revenue primarily through rental income from its multifamily residential properties. The company's revenue model is centered on leasing apartments to individuals and families, providing a steady cash flow. Additionally, VRE may earn income from ancillary services such as parking fees, laundry services, and lease-related fees. The company strategically positions itself in high-demand markets, which helps to maintain occupancy rates and rental pricing. Partnerships with property management firms and local developers also contribute to its operational efficiency and market reach, further enhancing its revenue potential.

Veris Residential Financial Statement Overview

Summary

Veris Residential shows revenue growth and improved operational margins, but struggles with profitability and cash flow. High leverage and negative cash flow from operations are significant risks.

Income Statement

Veris Residential shows consistent revenue growth with a modest increase in total revenue in TTM. However, the net profit margin remains negative, indicating ongoing profitability challenges. The EBIT and EBITDA margins have improved, indicating better operational efficiency, but the company still faces significant net income losses.

Balance Sheet

The debt-to-equity ratio is high, reflecting significant leverage which may pose financial risk. Stockholders' equity has been stable, but the equity ratio indicates a substantial portion of assets are financed by debt. Return on equity remains negative due to net losses, suggesting limited return to shareholders.

Cash Flow

Operating cash flow has turned negative in TTM, raising concerns about cash generation from core operations. Free cash flow has decreased significantly compared to the previous period, highlighting challenges in maintaining cash reserves. The cash flow to net income ratios are unfavorable, underlining the need for improved cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	279.94M	271.07M	260.30M	233.45M	323.39M	313.56M
Gross Profit	188.93M	160.01M	152.95M	193.69M	181.95M	172.15M
EBITDA	129.72M	140.05M	76.03M	104.90M	38.13M	98.51M
Net Income	-22.00M	-23.12M	-107.27M	-57.54M	-119.04M	-55.32M
Balance Sheet
Total Assets	3.13B	2.98B	3.24B	3.92B	4.53B	5.15B
Cash, Cash Equivalents and Short-Term Investments	11.44M	7.25M	28.01M	26.78M	31.75M	38.10M
Total Debt	1.78B	1.67B	1.85B	1.90B	2.41B	2.83B
Total Liabilities	1.90B	1.74B	1.94B	2.01B	2.56B	3.04B
Stockholders Equity	1.09B	1.10B	1.14B	1.24B	1.28B	1.40B
Cash Flow
Free Cash Flow	-20.14M	52.33M	45.54M	-115.53M	-8.99M	-70.08M
Operating Cash Flow	27.77M	52.33M	45.54M	66.45M	56.12M	85.42M
Investing Cash Flow	11.98M	162.05M	579.65M	220.09M	446.23M	28.46M
Financing Cash Flow	-90.66M	-244.65M	-618.26M	-290.35M	-503.19M	-102.75M

Veris Residential Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 15.24
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VRE, the sentiment is Positive. The current price of 15.24 is above the 20-day moving average (MA) of 14.22, above the 50-day MA of 14.52, and below the 200-day MA of 15.74, indicating a neutral trend. The MACD of 0.02 indicates Negative momentum. The RSI at 64.75 is Neutral, neither overbought nor oversold. The STOCH value of 82.17 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for VRE.

Veris Residential Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
UMH	63 Neutral	$1.33B	117.12	3.64%	5.63%	8.39%	―
Sector *	63 Neutral	$6.92B	13.18	-0.57%	7.01%	3.62%	-22.63%
CSR	57 Neutral	$1.01B	―	-3.35%	5.38%	-0.63%	-123.59%
NXRT	56 Neutral	$821.58M	866.19	-11.85%	6.20%	-6.02%	-156.44%
VRE	55 Neutral	$1.35B	―	-1.91%	2.03%	0.26%	77.82%
AIV	50 Neutral	$1.10B	―	-38.53%	7.72%	7.07%	69.54%
BRT	48 Neutral	$293.94M	―	-4.52%	6.26%	2.16%	11.18%

Veris Residential Corporate Events

Veris Residential Appoints Christopher Papa to Board

On July 23, 2025, Veris Residential, Inc. announced the resignation of Ronald Dickerman from its Board of Directors and the appointment of Christopher Papa as his replacement. Mr. Papa, with over 30 years of experience in real estate finance, will also join the Audit Committee, bringing significant expertise in multifamily real estate, audit, and M&A. This transition reflects Veris Residential’s strategic direction and commitment to enhancing shareholder value.

Veris Residential Reports Q2 2025 Financial Results

Veris Residential reported its second quarter 2025 results, highlighting a net income increase per diluted share to $0.12 from $0.03 in the previous year. The company has completed or contracted $448 million in non-strategic asset sales, aiming to reduce its Net Debt-to-EBITDA to below 9.0x by the end of 2026. Operationally, Veris achieved a 4.7% year-over-year same-store blended net rental growth rate for the quarter and raised its 2025 guidance due to significant progress in its corporate plan.

Veris Residential Amends $500M Credit Facility

On July 9, 2025, Veris Residential, L.P. amended its $500 million credit facility, originally established in April 2024, to support its 2025 corporate plan of selling non-strategic assets and reducing leverage. This amendment, which includes a $300 million revolving credit facility and a $200 million term loan, reduces borrowing costs and the number of secured properties required, enhancing the company’s financial flexibility and positioning it to lower its Net Debt to EBITDA by the end of 2026. Concurrently, Veris Residential completed the $85 million sale of Signature Place, using the proceeds to reduce its term loan by $80 million.

Veris Residential Announces EVP and CIO Departure

On June 27, 2025, Veris Residential, Inc. announced the departure of Jeffrey Turkanis as Executive Vice President and Chief Investment Officer. His exit qualifies as a termination under his employment agreement, entitling him to certain payments and benefits.

Veris Residential Holds Annual Stockholders Meeting

On June 11, 2025, Veris Residential, Inc. held its annual stockholders meeting to elect nine board members, approve executive compensation, and ratify the appointment of PricewaterhouseCoopers LLP as the independent auditor for 2025. The stockholders elected nine directors for a one-year term, approved the executive compensation plan, and ratified the auditor’s appointment, reflecting continued shareholder support for the company’s governance and financial oversight strategies.

Veris Residential Joins NAREIT REITWeek 2025 Conference

Veris Residential announced its participation in investor meetings and the NAREIT REITWeek 2025 Investor Conference starting June 2, 2025. The company highlighted its strong financial performance in 2025, including $60 million in non-strategic asset sales and a focus on optimizing its portfolio through strategic investments and asset sales. Veris Residential aims to sell $300–$500 million of non-strategic assets by the end of 2026, enhancing its portfolio and reducing leverage. The company is also investing in technology and AI tools to improve operations and resident experiences, positioning itself as a leader in the residential real estate market.