Veris Residential, Inc. (VRE)

US — Real Estate Sector
Peers: UE  AIRC  SITC  JBGS  NXRT 

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Key Metrics & Ratings

  • symbol VRE
  • Rev/Share 2.9174
  • Book/Share 13.0935
  • PB 1.2893
  • Debt/Equity 1.543
  • CurrentRatio 0.0847
  • ROIC 0.0138

 

  • MktCap 1397018364.0
  • FreeCF/Share 0.0111
  • PFCF 1352.3895
  • PE -46.469
  • Debt/Assets 0.5649
  • DivYield 0.0194
  • ROE -0.0263

 

  • Rating C-
  • Score 1
  • Recommendation Strong Sell
  • P/E Score 1
  • DCF Score 1
  • P/B Score 2
  • D/E Score 2

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Downgrade VRE Evercore ISI Outperform In-line $20 $18 Feb. 26, 2025
Upgrade VRE JP Morgan Underweight Neutral $14 $17 Dec. 17, 2024

News

U.S. REIT Share Repurchase Activity Doubles In Q1 2025
APLE, ARE, BHM, BNL, BRT, DOC, GNL, HST, IIPR, JBGS, LAMR, O, PINE, PK, PLYM, PSTL, REXR, RLJ, SAFE, UMH, VRE, WY, XHR
Published: June 03, 2025 by: Seeking Alpha
Sentiment: Positive

Share buyback activity by US equity real estate investment trusts more than doubled in the first quarter, according to an analysis by S&P Global Market Intelligence. The US REIT sector bought back around $993.2 million in common stock in the period, more than twice as much as the $456.2 million in the fourth quarter of 2024 and up 15.5% year over year. More than a dozen REITs announced new share repurchase programs during the first quarter.

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image for news U.S. REIT Share Repurchase Activity Doubles In Q1 2025
Veris Residential, Inc. (VRE) Q1 2025 Earnings Call Transcript
VRE
Published: April 24, 2025 by: Seeking Alpha
Sentiment: Neutral

Veris Residential, Inc. (NYSE:VRE ) Q1 2025 Earnings Conference Call April 24, 2025 8:30 AM ET Company Participants Taryn Fielder - General Counsel Mahbod Nia - Chief Executive Officer Amanda Lombard - Chief Financial Officer Anna Malhari - Chief Operating Officer Conference Call Participants Steve Sakwa - Evercore Jana Galan - Bank of America Eric Wolfe - Citibank Tom Catherwood - BTIG John Pawlowski - Green Street Operator Greetings, and welcome to the Veris Residential First Quarter 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode.

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image for news Veris Residential, Inc. (VRE) Q1 2025 Earnings Call Transcript
Veris Residential Consolidates Majority Stake in Jersey City Urby
VRE
Published: April 22, 2025 by: PRNewsWire
Sentiment: Neutral

Rebrands 762-Unit, Class A Waterfront Property to Sable JERSEY CITY, N.J. , April 22, 2025 /PRNewswire/ -- Veris Residential, Inc. ("Veris Residential" or the "Company") (NYSE: VRE), a forward-thinking, Northeast-focused, Class A multifamily REIT, and Urby, a design-forward, hospitality-driven multifamily development brand, today announced that Veris Residential has acquired Ironstate Holdings' ("Ironstate") 15% stake in Jersey City Urby, a 762-unit, Class A multifamily property located on the Jersey City Waterfront, for $38.5 million, excluding transaction costs but including consideration for the termination of Urby's management contract and the annual tax credit.

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image for news Veris Residential Consolidates Majority Stake in Jersey City Urby
Veris Residential, Inc. Announces Dates for First Quarter 2025 Financial Results and Webcast
VRE
Published: April 04, 2025 by: PRNewsWire
Sentiment: Neutral

JERSEY CITY, N.J. , April 4, 2025 /PRNewswire/ -- Veris Residential, Inc. ("Veris Residential" or the "Company") (NYSE: VRE), a forward-thinking, Northeast-focused, Class A multifamily REIT, today announced that it will host its first quarter 2025 financial results webcast and conference call on Thursday, April 24, 2025, at 8:30 a.m.

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image for news Veris Residential, Inc. Announces Dates for First Quarter 2025 Financial Results and Webcast
Veris Residential Announces Tax Treatment of 2024 Distributions
VRE
Published: February 18, 2025 by: PRNewsWire
Sentiment: Neutral

JERSEY CITY, N.J. , Feb. 18, 2025 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE) ("Veris Residential" or the "Company"), a forward-thinking multifamily REIT, today announced the tax treatment of its 2024 Distributions.

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image for news Veris Residential Announces Tax Treatment of 2024 Distributions

About Veris Residential, Inc. (VRE)

  • IPO Date 1994-08-25
  • Website https://www.mack-cali.com
  • Industry REIT - Residential
  • CEO Mr. Mahbod Nia A.C.A.
  • Employees 188

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/.