Veris Residential (VRE) AI Stock Analysis

• Market Cap: $1.32B
• Dividend Yield: 2.24%
• Average Volume (3M): 522.70K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.69
• Revenue Growth: 0.26%
• EPS Growth: 77.82%
• Country: US
• Employees: 188
• Sector: Real Estate
• Sector Strength: 56
• Industry: REIT - Residential
• EPS (TTM): 0.11
• Shares Outstanding: 93,421,770
• 10 Day Avg. Volume: 576,653
• 30 Day Avg. Volume: 522,698
• PEG Ratio: -2.26
• Price to Book (P/B): 1.10
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -66.56
• Enterprise Value/Market Cap: 1.01
• Enterprise Value/Revenue: 0.56
• Enterprise Value/Gross Profit: 4.10
• Enterprise Value/Ebitda: 3.00
• 1Y Price Target: $18.20
• Price Target Upside: 31.50% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5

• Rating: 57 Neutral
• Price Target: $15.00 ▲(8.38%Upside)

Veris Residential's overall score is primarily impacted by its financial performance challenges, including high leverage and negative cash flow. However, strategic initiatives such as asset sales and reduced borrowing costs, along with positive earnings call insights, provide a more favorable outlook, slightly mitigating financial concerns. Technical analysis suggests caution due to bearish trends.

Positive Factors

Demand and rent growth

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.

Potential acquisition

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.

Transaction activity

The company's transaction activity includes an attractively priced acquisition and land sales, which are modestly accretive to FFO on an annualized basis.

Negative Factors

Monetization event

A full monetization event would be difficult in today's capital markets environment.

Revenue growth slowdown

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

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 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 cash flows, impacting profitability. However, its strong equity base and absence of debt provide some stability. The company needs to address operational challenges and liquidity concerns to improve financial health.

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	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	271.07M	279.86M	355.02M	329.32M	313.56M
Gross Profit	160.01M	157.01M	193.69M	181.95M	172.15M
EBITDA	140.05M	76.03M	139.44M	121.02M	94.72M
Net Income	-23.12M	-107.27M	-112.18M	-195.45M	-132.24M
Balance Sheet
Total Assets	2.98B	3.24B	3.92B	4.53B	5.15B
Cash, Cash Equivalents and Short-Term Investments	7.25M	28.01M	26.78M	31.75M	38.10M
Total Debt	1.67B	1.85B	1.90B	2.39B	2.80B
Total Liabilities	1.74B	1.94B	2.01B	2.56B	3.04B
Stockholders Equity	1.10B	1.14B	1.24B	1.28B	1.40B
Cash Flow
Free Cash Flow	52.33M	45.54M	-115.53M	-8.99M	-70.08M
Operating Cash Flow	52.33M	45.54M	66.45M	56.12M	85.42M
Investing Cash Flow	162.05M	579.65M	220.09M	446.23M	28.46M
Financing Cash Flow	-244.65M	-618.26M	-290.35M	-503.19M	-102.75M

Veris Residential Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 13.84
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 13.84 is below the 20-day moving average (MA) of 14.49, below the 50-day MA of 14.75, and below the 200-day MA of 15.94, indicating a bearish trend. The MACD of -0.18 indicates Positive momentum. The RSI at 34.48 is Neutral, neither overbought nor oversold. The STOCH value of 9.27 is Positive, 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	68 Neutral	$1.37B	146.27	3.45%	5.36%	8.01%	―
CSR	66 Neutral	$959.72M	―	-1.55%	5.59%	-1.81%	-33.33%
Sector *	63 Neutral	$6.75B	14.42	-1.87%	7.29%	3.96%	-36.04%
BRT	59 Neutral	$275.04M	―	-4.28%	6.87%	2.39%	-407.57%
VRE	57 Neutral	$1.32B	―	-1.91%	2.24%	0.26%	77.82%
NXRT	57 Neutral	$794.07M	866.19	-11.85%	6.39%	-6.02%	-156.44%
AIV	45 Neutral	$1.19B	―	-48.27%	7.13%	9.28%	34.42%

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.

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 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.

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 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.

The most recent analyst rating on (VRE) stock is a Buy with a $19.00 price target. To see the full list of analyst forecasts on Veris Residential stock, see the VRE Stock Forecast page.

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.