Veris Residential (VRE) AI Stock Analysis

• Market Cap: $1.37B
• Dividend Yield: 2.17%
• Average Volume (3M): 496.75K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.69
• Revenue Growth: -3.20%
• EPS Growth: 76.43%
• Country: US
• Employees: 188
• Sector: Real Estate
• Sector Strength: 55
• Industry: REIT - Residential
• EPS (TTM): -0.15
• Shares Outstanding: 93,321,210
• 10 Day Avg. Volume: 643,135
• 30 Day Avg. Volume: 496,753
• PEG Ratio: 0.30
• Price to Book (P/B): 1.17
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -12.55
• Enterprise Value/Market Cap: 2.42
• Enterprise Value/Revenue: 3.03
• Enterprise Value/Gross Profit: 27.54
• Enterprise Value/Ebitda: 7.11
• 1Y Price Target: $19.83
• Price Target Upside: 34.71% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 4

• Rating: 48 Neutral
• Price Target: $15.00 ▲(1.90%Upside)

Veris Residential's overall stock score is impacted primarily by its financial struggles and bearish technical indicators. The company's strategic asset sales and operational improvements provide some optimism, but economic risks and profitability issues weigh heavily on the score.

Positive Factors

Earnings

Veris posted solid Q1 results with upside driven by a timing difference in the Urby tax credit.

Leasing Performance

Blended leasing spreads accelerated throughout the quarter, showing growth from 4.0% to 4.8%.

Negative Factors

Market Performance

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

Revenue Growth

Revenue growth slowed to 2.4%, down from 8.9% the previous year.

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 makes money primarily through rental income generated from its portfolio of multifamily properties. The company leases residential units to tenants, collecting regular rental payments that form the core of its revenue stream. Additionally, Veris Residential may engage in property development activities, constructing new residential buildings that can be leased out or sold. The company may also earn ancillary income from services provided to tenants, such as parking fees or maintenance services. As a REIT, Veris Residential benefits from certain tax advantages, provided it distributes a significant portion of its taxable income as dividends to shareholders, which further influences its financial strategy and earnings distribution.

Veris Residential Financial Statement Overview

Summary

Veris Residential is facing financial challenges with declining revenue and negative net profit margins. Despite a strong equity position and no debt, negative cash flows and persistent losses pose significant risks to financial stability.

Income Statement

Veris Residential has faced declining revenue with a slight rebound in the TTM period. The net profit margin is negative, reflecting ongoing losses. EBIT and EBITDA margins show a decrease in profitability, indicating operational challenges.

Balance Sheet

The company has a strong equity position with no current debt, indicating a solid balance sheet. However, the decline in total assets and equity over time suggests potential risks to long-term stability. The equity ratio is relatively strong, showcasing a conservative approach to financing.

Cash Flow

Operating cash flow has turned negative in the TTM period, highlighting cash management issues. The free cash flow is also negative, indicating potential liquidity concerns. The cash flow to net income ratios are mixed, with a particularly challenging operating cash flow situation.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	271.49M	271.07M	279.86M	355.02M	329.32M	313.56M
Gross Profit	120.82M	160.01M	157.01M	193.69M	181.95M	172.15M
EBITDA	123.47M	119.39M	76.03M	139.44M	121.02M	94.72M
Net Income	-29.98M	-23.12M	-107.27M	-112.18M	-195.45M	-132.24M
Balance Sheet
Total Assets	2.95B	2.98B	3.24B	3.92B	4.53B	5.15B
Cash, Cash Equivalents and Short-Term Investments	7.60M	7.25M	28.01M	26.78M	31.75M	38.10M
Total Debt	1.67B	1.67B	1.85B	1.90B	2.39B	2.80B
Total Liabilities	1.73B	1.74B	1.94B	2.01B	2.56B	3.04B
Stockholders Equity	1.08B	1.10B	1.14B	1.24B	1.28B	1.40B
Cash Flow
Free Cash Flow	1.03M	52.33M	45.54M	-115.53M	-8.99M	-70.08M
Operating Cash Flow	-2.19M	52.33M	45.54M	66.45M	56.12M	85.42M
Investing Cash Flow	89.12M	162.05M	579.65M	220.09M	446.23M	28.46M
Financing Cash Flow	-237.88M	-244.65M	-618.26M	-290.35M	-503.19M	-102.75M

Veris Residential Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 14.72
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VRE, the sentiment is Negative. The current price of 14.72 is below the 20-day moving average (MA) of 14.91, below the 50-day MA of 15.17, and below the 200-day MA of 16.22, indicating a bearish trend. The MACD of -0.12 indicates Positive momentum. The RSI at 43.84 is Neutral, neither overbought nor oversold. The STOCH value of 29.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for VRE.

Veris Residential Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
UMH	70 Outperform	$1.46B	155.80	3.45%	5.19%	8.01%	―
CSR	66 Neutral	$1.08B	―	-1.55%	5.04%	-1.81%	-33.33%
BRT	64 Neutral	$306.04M	―	-4.28%	6.18%	2.39%	-407.57%
Sector *	59 Neutral	C$1.26B	0.88	-8.20%	5.02%	9.89%	-25.14%
NXRT	53 Neutral	$862.92M	866.19	-7.19%	6.00%	-7.44%	-143.64%
AIV	50 Neutral	$1.25B	―	-48.27%	6.81%	9.28%	34.42%
AIV	50 Neutral	$1.25B	―	-48.27%	6.81%	9.28%	34.42%
VRE	48 Neutral	$1.37B	―	-2.76%	2.17%	-3.20%	76.43%

Veris Residential Corporate Events

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.

The most recent analyst rating on (VRE) stock is a Hold with a $17.00 price target. To see the full list of analyst forecasts on Veris Residential stock, see the VRE Stock Forecast page.

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.

The most recent analyst rating on (VRE) stock is a Hold with a $17.00 price target. To see the full list of analyst forecasts on Veris Residential stock, see the VRE Stock Forecast page.

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.

The most recent analyst rating on (VRE) stock is a Hold with a $17.00 price target. To see the full list of analyst forecasts on Veris Residential stock, see the VRE Stock Forecast page.

Veris Residential Reports Q1 2025 Financial Results

Veris Residential, Inc. reported its first quarter 2025 results, highlighting a year-over-year same store multifamily blended net rental growth rate of 2.4% and a same store NOI growth of 3.2%. The company sold $45 million of non-strategic assets and unwound two joint ventures, with an additional $34 million under binding contract. They also acquired their partner’s interest in the Jersey City Urby joint venture, rebranding it to ‘Sable’ and taking over management, which is expected to create over $1 million in annualized synergies. Despite market volatility, Veris continues to unlock value and simplify its portfolio, with a focus on consolidating interests and enhancing operational efficiencies.