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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 | 285.21M | 271.07M | 260.30M | 233.45M | 323.39M | 313.56M |
| Gross Profit | 189.61M | 160.01M | 152.95M | 193.69M | 181.95M | 172.15M |
| EBITDA | 216.01M | 140.05M | 76.03M | 104.90M | 38.13M | 98.51M |
| Net Income | 69.08M | -23.12M | -107.27M | -57.54M | -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 | 2.67B | 7.25M | 28.01M | 26.78M | 31.75M | 38.10M |
| Total Debt | 0.00 | 1.67B | 1.85B | 1.90B | 2.41B | 2.83B |
| Total Liabilities | 1.51B | 1.74B | 1.94B | 2.01B | 2.56B | 3.04B |
| Stockholders Equity | 1.27B | 1.10B | 1.14B | 1.24B | 1.28B | 1.40B |
Cash Flow | ||||||
| Free Cash Flow | -74.02M | 52.33M | 45.54M | -115.53M | -8.99M | -70.08M |
| Operating Cash Flow | 8.89M | 52.33M | 45.54M | 66.45M | 56.12M | 85.42M |
| Investing Cash Flow | 383.34M | 162.05M | 579.65M | 220.09M | 446.23M | 28.46M |
| Financing Cash Flow | -452.34M | -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 |
|---|---|---|---|---|---|---|---|
| ― | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
| ― | $1.23B | 108.67 | 3.64% | 6.05% | 8.39% | ― | |
| ― | $1.34B | 23.46 | 5.94% | 2.23% | 3.37% | ― | |
| ― | $3.78B | 125.27 | 0.65% | 4.14% | -1.54% | ― | |
| ― | $757.20M | -10.96 | -38.53% | 8.07% | 7.07% | 69.54% | |
| ― | $779.55M | ― | -12.63% | 6.68% | -4.46% | -206.19% | |
| ― | $278.06M | -29.30 | -4.52% | 6.80% | 2.16% | 11.18% |
Veris Residential Corporate Events
Veris Residential, Inc. is a real estate investment trust (REIT) focused on owning, operating, and developing Class A multifamily properties in the Northeast, utilizing a technology-enabled platform to enhance resident experiences and community impact. In its third-quarter 2025 earnings report, Veris Residential, Inc. highlighted a strong financial performance with a significant increase in net income per diluted share to $0.80 from a loss of $0.10 in the previous year. The company also reported a core FFO per diluted share of $0.20, up from $0.17, and a dividend increase to $0.08 per share. Key financial metrics included a year-over-year same-store blended net rental growth rate of 3.9% and a same-store NOI growth of 1.6%. The company made substantial progress in deleveraging, reducing its net debt-to-EBITDA ratio to 10.0x, with plans to lower it further to approximately 8.0x by the end of 2026. Veris Residential also raised its non-strategic asset disposition guidance to $650 million, reflecting its strategic focus on balance sheet transformation and earnings growth. Looking forward, Veris Residential remains committed to operational efficiency and strategic capital deployment, with an optimistic outlook for continued shareholder value enhancement.
Veris Residential’s recent earnings call painted a picture of robust operational success, marked by strong asset sales and an optimistic financial outlook. Despite these positive developments, the company acknowledged ongoing challenges in the transaction markets and certain segments of the multifamily market.
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.