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Veris Residential
(NYSE:VRE)
Veris Residential (VRE) vs. SPDR S&P 500 ETF (SPY)
Veris Residential Business Overview & Revenue Model
Veris Residential Earnings Call Summary
Veris Residential Financial Statement Overview
| 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
Veris Residential Risk Analysis
Veris Residential Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | $1.25B | 108.67 | 3.64% | 6.05% | 8.39% | ― | |
58 Neutral | $1.39B | 24.37 | 5.94% | 2.14% | 0.26% | 77.82% | |
58 Neutral | $3.91B | 135.13 | 0.81% | 4.05% | -1.54% | ― | |
53 Neutral | $802.47M | ― | -11.85% | 6.56% | -6.02% | -156.44% | |
49 Neutral | $807.02M | ― | -38.53% | 7.55% | 7.07% | 69.54% | |
48 Neutral | $283.92M | ― | -4.52% | 6.68% | 2.16% | 11.18% |
Veris Residential Corporate Events
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.
The most recent analyst rating on (VRE) stock is a Hold with a $16.00 price target. To see the full list of analyst forecasts on Veris Residential stock, see the VRE Stock Forecast page.
On September 2, 2025, Veris Residential, Inc. released a corporate presentation highlighting significant financial and operational achievements. The company reported a reduction in borrowing costs and improved financial flexibility through an amended $500 million credit facility. Additionally, Veris Residential has made substantial progress in its corporate plan by selling non-strategic assets worth $448 million, which has helped reduce leverage and unlock value. The company also reported strong financial performance, including a 5.6% year-over-year growth in Same Store NOI for the quarter, and an increase in operating margin to 67.5%. These developments position Veris Residential to enhance its portfolio and drive future growth.
The most recent analyst rating on (VRE) stock is a Hold with a $15.00 price target. To see the full list of analyst forecasts on Veris Residential stock, see the VRE Stock Forecast page.
Veris Residential, Inc. is a real estate investment trust (REIT) that focuses on owning, operating, acquiring, and developing Class A multifamily properties in the Northeast region of the United States. The company is known for its technology-enabled, vertically integrated platform that enhances the living experience for residents while positively impacting communities.
Veris Residential’s recent earnings call for the second quarter of 2025 was marked by a positive sentiment, showcasing strong operational and financial performance. The company highlighted significant progress in asset sales and improvements in borrowing costs, despite facing challenges in the transaction market and occupancy issues at Liberty Towers. The strategic initiatives and favorable market conditions in the Northeast underpin a promising outlook, further reinforced by the raised financial guidance.
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.
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 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.
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.