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Veris Residential Inc
NYSE:VRE

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Veris Residential Inc Logo
Veris Residential Inc
NYSE:VRE
Watchlist
Price: 14.92 USD 2.54%
Updated: Mar 28, 2024

Intrinsic Value

Veris Residential, Inc. is a real estate investment trust, which owns and operates a real estate portfolio comprised predominantly of Class A office and flex properties located primarily in the Northe... [ Read More ]

The intrinsic value of one VRE stock under the Base Case scenario is 11.35 USD. Compared to the current market price of 14.92 USD, Veris Residential Inc is Overvalued by 24%.

Key Points:
VRE Intrinsic Value
Base Case
11.35 USD
Overvaluation 24%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Veris Residential Inc

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Analyze the historical link between intrinsic value and market price to make more informed investment decisions.

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Fundamental Analysis

Financials

Balance Sheet Decomposition
Veris Residential Inc

Current Assets 69.9m
Cash & Short-Term Investments 28m
Receivables 8.2m
Other Current Assets 33.7m
Non-Current Assets 3.2B
Long-Term Investments 118m
PP&E 3B
Intangibles 10m
Other Non-Current Assets 30.6m
Current Liabilities 67.6m
Accounts Payable 49.3m
Accrued Liabilities 12.8m
Other Current Liabilities 5.5m
Non-Current Liabilities 2B
Long-Term Debt 1.9B
Other Non-Current Liabilities 182.1m
Efficiency

Earnings Waterfall
Veris Residential Inc

Revenue
279.9m USD
Cost of Revenue
-122.8m USD
Gross Profit
157m USD
Operating Expenses
-138.1m USD
Operating Income
19m USD
Other Expenses
-130.7m USD
Net Income
-111.8m USD

Free Cash Flow Analysis
Veris Residential Inc

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
Chart
Table
What is Free Cash Flow?
Fundamental Scores

VRE Profitability Score
Profitability Due Diligence

Veris Residential Inc's profitability score is 35/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Positive Revenue Growth Forecast
Positive Operating Income
Low ROIC
35/100
Profitability
Score

Veris Residential Inc's profitability score is 35/100. The higher the profitability score, the more profitable the company is.

VRE Solvency Score
Solvency Due Diligence

Veris Residential Inc's solvency score is 21/100. The higher the solvency score, the more solvent the company is.

Long-Term Solvency
Short-Term Solvency
Average D/E
Positive Net Debt
21/100
Solvency
Score

Veris Residential Inc's solvency score is 21/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

VRE Price Targets Summary
Veris Residential Inc

Wall Street analysts forecast VRE stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for VRE is 17.85 USD with a low forecast of 12.12 USD and a high forecast of 27.3 USD.

Lowest
Price Target
12.12 USD
19% Downside
Average
Price Target
17.85 USD
20% Upside
Highest
Price Target
27.3 USD
83% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

VRE Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

VRE Price
Veris Residential Inc

1M 1M
+3%
6M 6M
-10%
1Y 1Y
+7%
3Y 3Y
-7%
5Y 5Y
-33%
10Y 10Y
-29%
Annual Price Range
14.92
52w Low
13.22
52w High
18.79
Price Metrics
Average Annual Return -0.83%
Standard Deviation of Annual Returns 43.34%
Max Drawdown -58%
Shares Statistics
Market Capitalization 1.4B USD
Shares Outstanding 100 812 000
Percentage of Shares Shorted 5.22%

VRE Return Decomposition
Main factors of price return

What is price return decomposition?

Company Profile

Veris Residential Inc Logo
Veris Residential Inc

Country

United States of America

Industry

Real Estate

Market Cap

1.4B USD

Dividend Yield

1.41%

Description

Veris Residential, Inc. is a real estate investment trust, which owns and operates a real estate portfolio comprised predominantly of Class A office and flex properties located primarily in the Northeast. The company is headquartered in Jersey City, New Jersey and currently employs 234 full-time employees. The firm owns, operates, acquires, and develops holistically inspired, Class A multifamily properties. The firm owns four market-defining office assets on the Jersey City waterfront. The firm includes residential and commercial portfolio. The firm provides leasing, property management, acquisition, development, construction and tenant-related services for its commercial and other real estate and multi-family real estate portfolio. The firm's multi-family services business also provides similar services for third parties. The firm operates approximately 22 multi-family properties, four waterfront assets, one suburban asset landbank and two hotels.

Contact

NEW JERSEY
Jersey City
Harborside 3, 210 Hudson St., Ste. 400
+17325901000.0
https://verisresidential.com/

IPO

1994-08-25

Employees

234

Officers

CEO & Director
Mr. Mahbod Nia
Executive VP & COO
Ms. Anna Malhari
Executive VP & Chief Investment Officer
Mr. Jeffrey S. Turkanis
General Counsel & Secretary
Ms. Taryn D. Fielder
SVP & Chief Accounting Officer
Ms. Cindy Mai
Senior VP, Chief Information Officer & CTO
Giacomo Mascillaro
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Senior Vice President of Marketing & Communications
Ms. Nicole Jones
Senior Vice President of Human Resource
Ms. Lori Jean Milo
Senior Vice President of Legal
Ms. Susan Epstein
Senior VP of Sustainability & ESG
Ms. Karen Cusmano
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See Also

Discover More
What is the Intrinsic Value of one VRE stock?

The intrinsic value of one VRE stock under the Base Case scenario is 11.35 USD.

Is VRE stock undervalued or overvalued?

Compared to the current market price of 14.92 USD, Veris Residential Inc is Overvalued by 24%.