Veris Residential (VRE)
NYSE:VRE
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Veris Residential
(NYSE:VRE)
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Rating:68Neutral
Price Target:
$20.50
▲(8.47% Upside)
Action:Reiterated
Date:04/23/26
The score is driven primarily by the go-private all-cash acquisition event (strong positive catalyst) and improving fundamentals (return to profitability with generally positive recent cash flow). Offsetting factors include a weak/less-usable earnings-based valuation signal (very negative P/E) and a technically overbought setup (high RSI), which can introduce near-term volatility.
Positive Factors
Go-private all-cash acquisition
The signed all-cash go-private transaction permanently resets Veris's capital structure and removes quarterly public-market pressures. Sponsor financing (including a $2.08B bridge and reciprocal termination fees) increases probability of closing and enables longer-term asset repositioning and redevelopment without short-term earnings scrutiny.
Negative Factors
Meaningful residual leverage and data inconsistency
Although leverage has trended down, reported metrics remain meaningfully elevated for a residential REIT and the inconsistent TTM debt reporting reduces transparency. Persistent leverage raises refinancing and interest-rate sensitivity risks, constraining capital allocation choices and increasing downside during downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Go-private all-cash acquisition
The signed all-cash go-private transaction permanently resets Veris's capital structure and removes quarterly public-market pressures. Sponsor financing (including a $2.08B bridge and reciprocal termination fees) increases probability of closing and enables longer-term asset repositioning and redevelopment without short-term earnings scrutiny.
Read all positive factors
Veris Residential Key Performance Indicators (KPIs)
Any
Revenue by Type
Breaks total revenue into recurring rent, ancillary fees (parking, pet fees, utilities reimbursements, etc.), and one‑time items like property sales or development and management fees. For a residential REIT, a high share of recurring rent signals stable cash flow and stronger support for dividends, while a large portion of one‑time gains can make results look better in the short term but add volatility. Watching shifts between these revenue types highlights occupancy and rent trends, pricing power, and how dependent the company is on deals or development to drive reported growth.
Breaks total revenue into recurring rent, ancillary fees (parking, pet fees, utilities reimbursements, etc.), and one‑time items like property sales or development and management fees. For a residential REIT, a high share of recurring rent signals stable cash flow and stronger support for dividends, while a large portion of one‑time gains can make results look better in the short term but add volatility. Watching shifts between these revenue types highlights occupancy and rent trends, pricing power, and how dependent the company is on deals or development to drive reported growth.
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The Fly
The FlyVeris Residential (VRE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.78B
Dividend Yield2.17%
Average Volume (3M)777.36K
Price to Earnings (P/E)―
Beta (1Y)0.42
Revenue Growth7.11%
EPS GrowthN/A
CountryUS
Employees188
SectorReal Estate
Sector Strength53
IndustryREIT - Residential
Share Statistics
EPS (TTM)0.77
Shares Outstanding93,838,020
10 Day Avg. Volume1,044,807
30 Day Avg. Volume777,355
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)1.21
Price to Sales (P/S)4.82
P/FCF Ratio18.29
Enterprise Value/Market Cap1.76
Enterprise Value/Revenue10.77
Enterprise Value/Gross Profit410.13
Enterprise Value/Ebitda12.93
Forecast
1Y Price Target
$20.00Price Target Upside5.82% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)-0.15
Revenue Forecast (FY)$276.08M
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 su...
How the Company Makes Money
Veris Residential makes money primarily by operating multifamily apartment properties and collecting rental-related income from residents. The core revenue stream is residential rent from leased apartment units, which is driven by occupancy levels...
Veris Residential Earnings Call Summary
Earnings Call Date:Oct 22, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Jul 29, 2026
Earnings Call Sentiment Positive
Veris Residential demonstrated strong operational performance and successful asset sales, contributing to increased financial guidance and deleveraging. However, challenges remain in transaction markets and certain multifamily market segments.Positive Updates
Exceptional Operational Performance
Veris Residential reported a strong operational performance with a blended net rental growth of 3.9%, significantly outperforming the national market.
Negative Updates
Challenging Transaction Markets
The transaction markets remain challenging, particularly for larger sales, with core capital largely on the sidelines.
Read all updates
Q3-2025 Updates
Positive
Negative
Exceptional Operational Performance
Veris Residential reported a strong operational performance with a blended net rental growth of 3.9%, significantly outperforming the national market.
Read all positive updates
Company Guidance
During the Veris Residential, Inc. Third Quarter 2025 Earnings Conference Call, the company provided updated guidance reflecting significant progress in its strategic goals. Veris reported a blended net rental growth of 3.9% and achieved a core FFO per share of $0.20, outperforming the national market. The company exceeded its initial non-strategic asset sales target by closing or contracting $542 million in sales, prompting an increase in the target to $650 million. This strategic move contributed to a 15% reduction in net debt-to-EBITDA, bringing it down to 10x, with expectations to lower it further to below 8x by the end of 2026. Veris raised its annual core FFO guidance to $0.67 to $0.68, representing a 12.5% increase over 2024, supported by strong market performance in the Northeast and strategic asset management. Additionally, the company's GRESB score improved, maintaining a 5-star rating and earning recognition as a top performer in its peer group. The overall strategy focuses on enhancing the company's balance sheet, exploring diverse financing strategies, and positioning Veris for continued outperformance relative to its peers.Veris Residential Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
58
Neutral
Cash Flow
62
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 290.78M | 288.43M | 271.07M | 260.30M | 233.45M | 323.39M |
| Gross Profit | 7.64M | 3.62M | -5.54M | -19.52M | -48.80M | -42.70M |
| EBITDA | 242.29M | 249.24M | 143.02M | 108.07M | 112.95M | 23.23M |
| Net Income | 71.93M | 75.24M | -22.75M | -111.00M | -57.54M | -126.33M |
Balance Sheet | ||||||
| Total Assets | 2.68B | 2.71B | 2.98B | 3.24B | 3.92B | 4.53B |
| Cash, Cash Equivalents and Short-Term Investments | 9.41M | 2.59B | 7.25M | 28.01M | 26.78M | 31.75M |
| Total Debt | 1.36B | 1.37B | 1.67B | 1.86B | 1.91B | 2.39B |
| Total Liabilities | 1.43B | 1.43B | 1.74B | 1.94B | 2.01B | 2.56B |
| Stockholders Equity | 1.13B | 1.15B | 1.10B | 1.14B | 1.24B | 1.28B |
Cash Flow | ||||||
| Free Cash Flow | 58.28M | 75.97M | 46.38M | 45.21M | -115.53M | -8.99M |
| Operating Cash Flow | 79.81M | 75.97M | 64.75M | 57.61M | 66.45M | 56.12M |
| Investing Cash Flow | 126.38M | 445.43M | 134.13M | 32.18M | 220.09M | 446.23M |
| Financing Cash Flow | -513.99M | -516.35M | -229.15M | -82.86M | -290.35M | -503.19M |
Veris Residential Technical Analysis
Positive
18.90
Price Trends
18.90
Positive
17.49
Positive
16.10
Positive
Market Momentum
0.05
Positive
68.68
Neutral
80.00
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 18.9 is below the 20-day moving average (MA) of 18.96, above the 50-day MA of 18.90, and above the 200-day MA of 16.10, indicating a bullish trend. The MACD of 0.05 indicates Positive momentum. The RSI at 68.68 is Neutral, neither overbought nor oversold. The STOCH value of 80.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for VRE.
Veris Residential Risk Analysis
Veris Residential disclosed 23 risk factors in its most recent earnings report. Veris Residential reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Veris Residential Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $1.78B | -31.52 | 6.36% | 2.17% | 7.11% | ― | |
68 Neutral | $1.29B | 39.55 | 3.22% | 5.66% | 9.12% | -7.55% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | $3.93B | -13,268.21 | 1.40% | 3.88% | 3.28% | 53.31% | |
55 Neutral | $736.86M | -23.50 | -10.30% | 7.06% | -1.46% | 0.65% | |
54 Neutral | $270.29M | -22.46 | -6.77% | 6.98% | 1.24% | -34.65% | |
46 Neutral | $608.51M | -10.01 | 174.56% | 7.42% | -16.20% | 99.72% |
* Real Estate Sector Average
VRE
Veris Residential
18.98
3.85
25.45%
AIV
Apartment Investment & Management
4.22
-0.19
-4.26%
UMH
Umh
15.21
-0.87
-5.41%
IRT
Independence Realty
16.50
-1.95
-10.55%
BRT
BRT Apartments
14.32
-0.45
-3.06%
NXRT
NexPoint Residential
28.79
-4.86
-14.44%
Veris Residential Corporate Events
Business Operations and StrategyDelistings and Listing ChangesM&A TransactionsPrivate Placements and Financing
Veris Residential Agrees to Go-Private All-Cash Acquisition
Positive
Feb 23, 2026
On February 23, 2026, Veris Residential agreed to be acquired in an all-cash merger by a consortium led by Affinius Capital in partnership with Vista Hill Partners, valuing the company at an implied enterprise value of $3.4 billion. The deal will ...
Business Operations and StrategyDelistings and Listing ChangesM&A TransactionsPrivate Placements and Financing
Veris Residential Agrees to Go-Private All-Cash Acquisition
Positive
Feb 23, 2026
On February 23, 2026, Veris Residential agreed to be acquired in an all-cash merger by a consortium led by Affinius Capital in partnership with Vista Hill Partners, valuing the company at an implied enterprise value of $3.4 billion. The deal will ...
Business Operations and StrategyDividendsFinancial Disclosures
Veris Residential Posts Strong 2025 Turnaround, Hikes Dividend
Positive
Feb 23, 2026
Veris Residential reported fourth-quarter and full-year 2025 results on February 23, 2026, posting a sharp turnaround in profitability, with full-year net income of $0.80 per diluted share versus a loss in 2024 and Core FFO rising over 20% to $0.7...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.