0R15 8520.0 0.0% 0R1E 8203.0 0.0% 0M69 21090.0 67.5139% 0R2V 226.02 9878.8079% 0QYR None None% 0QYP 412.97 -2.8306% 0RUK 2652.0 -9.2402% 0RYA 1554.0 -0.7029% 0RIH 174.55 -1.3563% 0RIH 165.15 -5.3853% 0R1O 198.5 9800.2494% 0R1O None None% 0QFP None None% 0M2Z 267.777 -0.1763% 0VSO 32.05 -9.9846% 0R1I None None% 0QZI 559.0 0.7207% 0QZ0 220.0 0.0% 0NZF None None% 0YXG 165.7358 2.7149%

Veris Residential Inc

Real Estate US VRE

18.39USD
0.14(0.77%)

Last update at 2024-11-21T21:00:00Z

Day Range

18.2718.48
LowHigh

52 Week Range

13.0618.92
LowHigh

Fundamentals

  • Previous Close 18.25
  • Market Cap1612.73M
  • Volume225691
  • P/E Ratio-
  • Dividend Yield6.22%
  • EBITDA184.16M
  • Revenue TTM398.05M
  • Revenue Per Share TTM4.34
  • Gross Profit TTM 195.04M
  • Diluted EPS TTM-1.41

Analyst Recommendations

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax -34.13700M -149.02100M -115.52300M 252.55M 106.40M
Minority interest 17.25M 5.91M -17.78900M -31.97500M -22.29000M
Net income -112.17700M -195.45200M -132.23600M 8.82M 84.11M
Selling general administrative 56.17M 57.20M 73.64M 59.80M 53.99M
Selling and marketing expenses - - - - -
Gross profit 193.69M 181.95M 172.15M 203.50M 306.45M
Reconciled depreciation 111.39M 108.84M 118.34M 128.15M 170.28M
Ebit 27.93M 9.40M -23.62300M 26.57M 95.10M
Ebitda 139.44M 121.02M 94.72M 158.58M 269.94M
Depreciation and amortization 111.52M 111.62M 118.34M 132.02M 174.85M
Non operating income net other 67.56M -50.19300M - - -
Operating income 27.93M 9.40M -23.62300M 26.57M 53.05M
Other operating expenses 329.02M 316.19M 337.09M 339.25M 452.99M
Interest expense 78.04M 65.19M 80.99M 90.57M 83.75M
Tax provision - - - - -
Interest income 0.73M 0.52M 0.04M 2.41M 3.39M
Net interest income -77.31100M -64.66800M -80.94800M -88.15700M -80.36500M
Extraordinary items -0.67600M 35.89M 74.05M -98.52800M 21.18M
Non recurring - - - - -
Other items - - - - -
Income tax expense 78.04M 46.43M 16.71M 243.73M 137.10M
Total revenue 355.02M 329.32M 313.56M 350.94M 530.61M
Total operating expenses 167.69M 168.82M 195.68M 191.81M 228.84M
Cost of revenue 161.33M 147.37M 141.41M 147.44M 224.15M
Total other income expense net -62.06400M -158.42600M -91.90000M 225.99M 109.15M
Discontinued operations -0.74800M 39.48M 74.02M -98.55600M 21.18M
Net income from continuing ops -92.12800M 131.13M -115.52300M 252.55M 106.40M
Net income applicable to common shares -52.06600M -119.04200M -63.20100M 85.98M 72.69M
Preferred stock and other adjustments - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 3920.77M 4527.32M 5147.79M 5292.80M 5060.64M
Intangible assets 12.30M 42.18M 71.61M 86.09M 89.86M
Earning assets - - - - -
Other current assets 20.87M 19.70M 50.18M 15.58M 235.94M
Total liab 2006.20M 2556.59M 3042.11M 3089.94M 3033.00M
Total stockholder equity 1235.68M 1281.98M 1398.82M 1493.70M 1486.66M
Deferred long term liab 35.86M 151.35M 65.55M 88.46M 107.85M
Other current liab 7.24M 6.14M 11.49M 32.45M 30.99M
Common stock 0.91M 0.91M 0.91M 0.91M 0.90M
Capital stock 0.91M 0.91M 0.91M 0.91M 0.90M
Retained earnings -1301.38500M -1249.31900M -1130.27700M -1042.62900M -1084.51800M
Other liab 22.94M 26.40M 34.10M 39.46M 41.24M
Good will - 151.35M 2.94M 2.94M 2.94M
Other assets 89.95M 462.53M 65.55M 88.46M 153.05M
Cash 26.78M 31.75M 38.10M 25.59M 29.63M
Cash and equivalents 26.78M 31.75M 38.10M 25.59M 29.63M
Total current liabilities 102.22M 315.52M 265.31M 610.42M 1031.29M
Current deferred revenue 22.94M 26.40M 34.10M 39.46M 41.24M
Net debt 1877.19M 2357.32M 2763.70M 2782.93M 2763.02M
Short term debt 22.94M 148.00M 25.00M 329.00M 790.94M
Short long term debt - 148.00M 25.00M 329.00M 790.94M
Short long term debt total 1903.98M 2389.07M 2801.80M 2808.52M 2792.65M
Other stockholder equity 2532.18M 2530.38M 2528.19M 2535.44M 2561.50M
Property plant equipment 3414.21M 3493.45M 4004.61M 3720.67M 4208.15M
Total current assets 284.24M 744.75M 840.69M 1110.54M 264.51M
Long term investments 126.16M 137.77M 162.38M 209.09M 232.75M
Net tangible assets 1750.92M 1803.30M 1324.26M 1404.66M 1393.85M
Short term investments 126.16M 4112.10M 4639.27M 4664.56M 4317.00M
Net receivables 42.65M 74.65M 95.45M 102.88M 106.11M
Long term debt 1903.98M 2241.07M 2801.80M 2808.52M 2792.65M
Inventory 193.93M 618.65M 656.96M 966.50M 108.85M
Accounts payable 72.04M 134.98M 194.72M 209.51M 168.12M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity 163.65M 167.44M - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 3.98M 0.00900M - -0.01800M 8.77M
Additional paid in capital - - - - -
Common stock total equity 0.91M 0.91M - - -
Preferred stock total equity - - - - -
Retained earnings total equity -1301.38500M -1249.31900M - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 3495.18M 3580.32M 4047.86M 3861.53M 4470.58M
Deferred long term asset charges - - - - -
Non current assets total 3636.53M 3782.57M 4307.10M 4182.26M 4796.13M
Capital lease obligations - - - - -
Long term debt total 1903.98M 2241.07M 2801.80M 2808.52M 2792.65M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments 23.57M 25.55M 75.64M 3.73M -0.23600M
Change to liabilities 1.70M -11.01000M -12.02300M 3.82M 13.30M
Total cashflows from investing activities 220.09M 446.23M 28.46M -416.07500M -168.15400M
Net borrowings -159.17700M -326.04800M -8.98400M 259.01M -17.20200M
Total cash from financing activities -290.34800M -503.19100M -102.75100M 275.85M -17.33700M
Change to operating activities -11.19400M -4.76400M -0.99000M -20.85300M -23.54600M
Net income -34.88500M -109.53900M -115.52300M 252.55M 106.40M
Change in cash -3.80600M -0.84700M 11.14M -8.38800M -18.41800M
Begin period cash flow 51.45M 52.30M 41.17M 49.55M 67.97M
End period cash flow 47.65M 51.45M 52.30M 41.17M 49.55M
Total cash from operating activities 66.45M 56.12M 85.42M 131.84M 167.07M
Issuance of capital stock - - - - -
Depreciation 111.39M 108.84M 118.34M 128.15M 170.28M
Other cashflows from investing activities 327.01M 485.79M 339.27M -28.82400M -42.80800M
Dividends paid -0.06100M -0.47500M -60.53200M -102.57500M 94.02M
Change to inventory - -6.71800M -1.31900M -6.25400M -7.92100M
Change to account receivables -0.50500M 5.54M -5.11700M 2.20M 1.38M
Sale purchase of stock -2.69200M -0.89800M -2.69300M -7.76900M -
Other cashflows from financing activities 207.93M -84.51800M -30.54200M 127.18M 989.17M
Change to netincome 2.33M 68.82M 34.19M -91.28100M -14.41900M
Capital expenditures 130.50M 65.10M 451.39M 1225.85M 518.03M
Change receivables 1.07M -1.43200M - - -
Cash flows other operating -55.30600M -113.78500M - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes -3.80600M -0.84700M - - -
Change in working capital -12.96600M -17.40900M -19.26500M -21.84300M -21.12600M
Stock based compensation 14.21M 11.16M 7.93M 8.48M 7.40M
Other non cash items -11.29400M -34.68200M 3.54M -10.11400M -10.13700M
Free cash flow 66.45M 56.12M 85.42M 131.84M 167.07M

Peer Comparison

Sector: Real Estate Industry: REIT - Residential

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
VRE
Veris Residential Inc
0.14 0.77% 18.39 - - 3.94 1.25 8.40 22.96
AVB
AvalonBay Communities Inc
2.49 1.09% 230.63 28.56 34.97 9.75 2.25 12.45 17.28
EQR
Equity Residential
1.13 1.53% 75.05 35.33 38.31 8.20 2.12 10.94 13.97
INVH
Invitation Homes Inc
0.12 0.37% 33.83 42.22 44.44 8.97 2.05 12.04 19.45
SUI
Sun Communities Inc
2.17 1.71% 128.43 73.72 58.48 5.47 2.11 7.63 19.90

Reports Covered

Stock Research & News

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.

Veris Residential Inc

Harborside 3, Jersey City, NJ, United States, 07311

Key Executives

Name Title Year Born
Mr. Mahbod Nia CEO & Director 1976
Ms. Amanda E. Lombard CPA Chief Financial Officer 1984
Ms. Anna Malhari Exec. VP & COO 1986
Mr. Jeffrey S. Turkanis Exec. VP & Chief Investment Officer NA
Ms. Gwendolyn Marnell Chief Accounting Officer NA
Giacomo Mascillaro Sr. VP, Chief Information Officer & CTO NA
Ms. Taryn D. Fielder Gen. Counsel & Sec. 1978
Ms. Nicole Jones Sr. VP of Marketing & Communications NA
Ms. Lori Jean Milo Sr. VP of Human Resource NA
Ms. Susan Epstein Sr. VP of Legal NA

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