Veris Residential Stock (NYSE:VRE)


ForecastRevenueOwnershipFinancialsChartTranscripts

Previous Close

$15.24

52W Range

$13.84 - $18.85

50D Avg

$16.14

200D Avg

$16.64

Market Cap

$1.42B

Avg Vol (3M)

$486.35K

Beta

1.17

Div Yield

$0.29 (1.89%)

VRE Company Profile


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/.

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Industry

REIT - Residential

Sector

Real Estate

Exchange

NYSE

ADR

-

Country

US

Employees

188

IPO Date

Aug 25, 1994

Website

VRE Performance


Revenue Breakdown


Revenue Breakdown by Product/Service

Product/ServiceDec 24Dec 23Dec 22
Parking$15.46M$18.04M$18.56M
Real Estate, Other$6.58M$5.81M$33.31M
Management Fees$3.34M--
Operating Leases$245.69M$252.14M$284.06M
Real Estate Services-$3.87M$3.58M
Hotel--$15.51M

Fiscal year ends in Dec 24 | Currency in USD

VRE Financial Summary


Dec 24Dec 23Dec 22
Revenue$271.07M$279.86M$355.02M
Operating Income$862.00K$3.15M$27.93M
Net Income$-26.66M$-107.27M$-112.18M
EBITDA$-32.14M$76.03M$139.44M
Basic EPS$-0.29$-1.22$-1.23
Diluted EPS$-0.26$-1.11$-1.23

Fiscal year ends in Dec 24 | Currency in USD

Latest Earnings Call Transcripts


Q4 24Feb 25, 25 | 8:30 AM
Q3 24Nov 01, 24 | 8:30 AM
Q2 24Jul 25, 24 | 8:30 AM

Peer Comparison


TickerCompany
NXRTNexPoint Residential Trust, Inc.
JBGSJBG SMITH Properties
UEUrban Edge Properties
SITCSITE Centers Corp.