Veris Residential (VRE) AI Stock Analysis

• Market Cap: $1.37B
• Dividend Yield: 2.24%
• Average Volume (3M): 652.95K
• Price to Earnings (P/E): 22.6
• Beta (1Y): 0.64
• 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: 585,862
• 30 Day Avg. Volume: 652,947
• 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: 2.15
• Enterprise Value/Revenue: 10.37
• Enterprise Value/Gross Profit: 17.39
• Enterprise Value/Ebitda: 12.33
• 1Y Price Target: $17.00
• Price Target Upside: 13.94% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 62 Neutral
• Price Target: $15.00 ▲(0.54% Upside)

Veris Residential's overall score reflects strong earnings call performance and improved financial metrics, offset by technical analysis indicating bearish momentum and valuation concerns. The company's strategic deleveraging and asset sales are positive, but historical leverage and cash flow issues need addressing.

Positive Factors

Operational Efficiency

The company's ability to achieve rental growth above the national market indicates strong operational efficiency and effective property management, which are crucial for sustaining long-term profitability.

Deleveraging Strategy

Successful asset sales and debt reduction enhance financial flexibility and reduce risk, positioning Veris Residential for more stable growth and investment opportunities.

GRESB Recognition

High GRESB scores reflect strong sustainability practices, which can attract environmentally conscious investors and tenants, supporting long-term competitive advantage.

Negative Factors

Cash Flow Challenges

Declining free cash flow growth suggests potential liquidity issues, which could limit the company's ability to reinvest in properties or pay down debt, affecting long-term financial health.

Multifamily Market Weakness

Increased supply leading to weakened demand in certain markets could pressure rental rates and occupancy, impacting revenue growth and profitability.

Rising Expenses

Rising expenses, particularly in R&M and utilities, can erode profit margins, challenging the company's ability to maintain operational efficiency and profitability.

Veris Residential Business Overview & Revenue Model

Company Description

Veris Residential (VRE) is a real estate investment trust (REIT) that focuses on the acquisition, development, and management of multifamily residential properties in urban areas across the United States. The company specializes in creating high-quality living spaces that cater to a diverse demographic, including young professionals and families. Veris Residential aims to enhance the resident experience through innovative property management and community engagement, positioning itself as a leader in the residential real estate sector.

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 revenue growth and improved operational margins but struggles with profitability and cash flow. High leverage and negative cash flow from operations highlight financial risks.

Income Statement

Veris Residential shows consistent revenue growth with a modest increase in total revenue in TTM. However, the net profit margin remains negative, indicating ongoing profitability challenges. The EBIT and EBITDA margins have improved, indicating better operational efficiency, but the company still faces significant net income losses.

Balance Sheet

The debt-to-equity ratio is high, reflecting significant leverage which may pose financial risk. Stockholders' equity has been stable, but the equity ratio indicates a substantial portion of assets are financed by debt. Return on equity remains negative due to net losses, suggesting limited return to shareholders.

Cash Flow

Operating cash flow has turned negative in TTM, raising concerns about cash generation from core operations. Free cash flow has decreased significantly compared to the previous period, highlighting challenges in maintaining cash reserves. The cash flow to net income ratios are unfavorable, underlining the need for improved cash management.

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: Negative
• Last Price: 14.92
• 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 14.92 is below the 20-day moving average (MA) of 14.93, above the 50-day MA of 14.80, and below the 200-day MA of 15.11, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 36.83 is Neutral, neither overbought nor oversold. The STOCH value of 4.68 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	$1.31B	201.05	3.02%	5.81%	8.91%	-39.58%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
VRE	62 Neutral	$1.37B	22.65	5.33%	2.24%	3.37%	―
IRT	58 Neutral	$4.05B	173.27	0.65%	3.99%	0.84%	―
NXRT	51 Neutral	$803.75M	―	-12.63%	6.88%	-4.46%	-206.19%
AIV	50 Neutral	$802.50M	―	171.00%	7.71%	-4.63%	42.39%
BRT	47 Neutral	$275.61M	―	-4.89%	6.90%	1.62%	11.38%

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.