Veris Residential (VRE) AI Stock Analysis

• Market Cap: $1.39B
• Dividend Yield: 2.17%
• Average Volume (3M): 777.36K
• Price to Earnings (P/E): 23.0
• Beta (1Y): 0.52
• Revenue Growth: 3.37%
• EPS Growth: N/A
• Country: US
• Employees: 188
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Residential
• EPS (TTM): 0.78
• Shares Outstanding: 93,426,380
• 10 Day Avg. Volume: 1,044,807
• 30 Day Avg. Volume: 777,355
• PEG Ratio: 0.84
• Price to Book (P/B): 1.40
• Price to Sales (P/S): 5.69
• P/FCF Ratio: 29.46
• Enterprise Value/Market Cap: 1.01
• Enterprise Value/Revenue: 4.95
• Enterprise Value/Gross Profit: 8.30
• Enterprise Value/Ebitda: 5.89
• 1Y Price Target: $17.00
• Price Target Upside: 14.02% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): 0.28
• Revenue Forecast (FY): $286.68M

• Rating: 63 Neutral
• Price Target: $15.00 ▲(0.60% Upside)

Veris Residential's overall stock score reflects a positive trajectory in financial performance and strong earnings call highlights, offset by technical analysis indicating bearish trends and fair valuation. The company's strategic focus on deleveraging and asset sales is promising, but historical leverage and cash flow issues require ongoing attention.

Positive Factors

Deleveraging Strategy

The successful asset sales and reduction in net debt-to-EBITDA enhance financial stability, providing more flexibility for future growth and investments.

Revenue Growth

Consistent rental growth indicates strong demand for properties, supporting sustained revenue streams and reinforcing market position.

GRESB Recognition

High GRESB scores reflect strong sustainability practices, enhancing brand reputation and potentially attracting environmentally conscious investors.

Negative Factors

Historical Leverage Concerns

Past high leverage levels pose risks to financial stability, requiring ongoing management to prevent potential liquidity issues.

Cash Flow Challenges

Negative cash flow growth can limit operational flexibility and investment capacity, impacting long-term financial health.

Multifamily Market Weakness

Increased supply and slowing rents could pressure occupancy rates and rental income, challenging revenue growth in affected markets.

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 owns and operates a portfolio of apartment communities, collecting monthly rents from residents, which constitutes its main revenue stream. Additionally, Veris Residential may earn income from ancillary services offered to residents, such as parking fees, pet fees, and lease renewals. The company also benefits from property appreciation and may engage in strategic asset sales or refinancings to optimize its capital structure. Partnerships with local businesses and service providers can enhance its offerings and attract more residents, contributing to higher occupancy rates and increased revenue.

Veris Residential Financial Statement Overview

Summary

Veris Residential shows a strong recovery in profitability and operational efficiency with improved margins and positive net income. However, historical leverage concerns and cash flow challenges remain, requiring attention for sustained financial health.

Income Statement

Veris Residential has shown a positive trajectory in its income statement metrics. The TTM data indicates a healthy gross profit margin of 66.48% and a net profit margin of 24.22%, reflecting strong profitability. The revenue growth rate of 1.88% in the TTM period is modest but positive. However, historical data shows fluctuations in net income, with previous years experiencing losses. The EBIT and EBITDA margins have improved significantly in the TTM period, indicating better operational efficiency.

Balance Sheet

The balance sheet reveals a mixed picture. The debt-to-equity ratio has improved in the TTM period, indicating better leverage management, but remains a concern historically with high levels in previous years. The return on equity is positive in the TTM period at 5.92%, showing improved profitability. However, the equity ratio is not explicitly calculated, and historical leverage levels suggest potential risks.

Cash Flow

Cash flow metrics indicate some challenges. The TTM period shows a decline in free cash flow growth by 12.87%, and the free cash flow to net income ratio is negative, suggesting cash flow issues relative to profitability. The operating cash flow to net income ratio is not calculated for the TTM period, but historical data shows variability, indicating potential volatility in cash generation.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	285.21M	271.07M	260.30M	213.35M	194.65M	313.56M
Gross Profit	170.16M	160.01M	152.95M	114.59M	99.20M	172.15M
EBITDA	239.89M	140.05M	104.51M	104.90M	-41.23M	98.51M
Net Income	62.99M	-23.12M	-107.27M	-52.07M	-119.04M	-55.32M
Balance Sheet
Total Assets	2.79B	2.98B	3.24B	3.92B	4.53B	5.15B
Cash, Cash Equivalents and Short-Term Investments	8.78M	7.25M	28.01M	26.78M	31.75M	38.10M
Total Debt	1.43B	1.67B	1.86B	1.91B	2.39B	2.83B
Total Liabilities	1.51B	1.74B	1.94B	2.01B	2.56B	3.04B
Stockholders Equity	1.16B	1.10B	1.14B	1.24B	1.28B	1.40B
Cash Flow
Free Cash Flow	51.73M	46.38M	45.21M	-115.53M	-8.99M	-70.08M
Operating Cash Flow	67.26M	64.75M	57.61M	66.45M	56.12M	85.42M
Investing Cash Flow	378.63M	134.13M	32.18M	220.09M	446.23M	28.46M
Financing Cash Flow	-452.55M	-229.15M	-82.86M	-290.35M	-503.19M	-102.75M

Veris Residential Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 14.91
• 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 14.91 is above the 20-day moving average (MA) of 14.67, above the 50-day MA of 14.77, and below the 200-day MA of 15.01, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 55.00 is Neutral, neither overbought nor oversold. The STOCH value of 84.14 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	71 Outperform	$1.35B	208.40	3.02%	5.66%	8.91%	-39.58%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
VRE	63 Neutral	$1.39B	22.96	5.33%	2.17%	3.37%	―
IRT	60 Neutral	$4.24B	181.55	0.65%	3.88%	0.84%	―
BRT	52 Neutral	$275.03M	-27.70	-4.89%	6.98%	1.62%	11.38%
AIV	51 Neutral	$858.69M	-5.99	171.00%	7.42%	-4.63%	42.39%
NXRT	51 Neutral	$741.35M	-15.12	-12.63%	7.06%	-4.46%	-206.19%

Veris Residential Corporate Events

Veris Residential Reports Strong Financial Performance

On November 12, 2025, Veris Residential, Inc. released a corporate presentation detailing its financial and operational performance for the year. The company reported a year-over-year same-store blended net rental growth rate of 3.9% for the quarter and 3.5% year-to-date. Veris Residential has exceeded its target for non-strategic asset sales, with $542 million sold or under contract, and has raised its sales target to $650 million. The company also reported a significant reduction in its net debt-to-EBITDA ratio, reflecting its rapid deleveraging progress. These developments indicate a strengthened financial position and strategic focus on core assets, which could positively impact stakeholders and enhance the company’s market positioning.

Veris Residential Advances Deleveraging with Asset Sales

Veris Residential, Inc. reported its third quarter 2025 results, highlighting significant progress in its deleveraging strategy by completing $542 million in non-strategic asset sales, including a major land parcel sale under contract. The company reduced its debt by $394 million in the third quarter, with plans to further lower its Net Debt-to-EBITDA ratio to approximately 9.0x upon the completion of a pending sale. Operationally, Veris achieved a 3.9% year-over-year blended net rental growth rate and improved its Core FFO guidance, positioning itself for continued shareholder value growth.