VRE Stock - Veris Residential, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $271.07M | $260.30M | $213.35M | $194.65M | $313.56M |
| Gross Profit | $160.01M | $152.95M | $114.59M | $99.20M | $172.15M |
| Gross Margin | 59.0% | 58.8% | 53.7% | 51.0% | 54.9% |
| Operating Income | $38.18M | $22.27M | $-19,229,000 | $-26,281,000 | $-23,524,000 |
| Net Income | $-23,120,000 | $-107,265,000 | $-52,066,000 | $-119,042,000 | $-55,321,000 |
| Net Margin | -8.5% | -41.2% | -24.4% | -61.2% | -17.6% |
| EPS | $-0.25 | $-1.22 | $-0.63 | $-1.39 | $-1.57 |
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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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| February 26th 2025 | Evercore ISI | Downgrade | In-line | $18← $20 |
| December 17th 2024 | JP Morgan | Upgrade | Neutral | $17← $14 |
| November 12th 2024 | BofA Securities | Upgrade | Buy | $23← $20 |
| October 25th 2023 | JP Morgan | Resumed | Underweight | $14← $15 |
| July 27th 2023 | Evercore ISI | Upgrade | Outperform | $19← $18 |
| May 16th 2023 | Deutsche Bank | Upgrade | Buy | $19← $15 |
| November 14th 2022 | BofA Securities | Upgrade | Neutral | $18← $16 |
Earnings History & Surprises
VREEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 21, 2026 | — | — | — | — |
Q1 2026 | Feb 23, 2026 | $0.16 | — | — | — |
Q4 2025 | Oct 22, 2025 | $0.15 | $0.20 | +33.3% | ✓ BEAT |
Q3 2025 | Jul 23, 2025 | $0.14 | $0.17 | +21.4% | ✓ BEAT |
Q2 2025 | Apr 23, 2025 | $0.13 | $0.16 | +23.1% | ✓ BEAT |
Q1 2025 | Feb 24, 2025 | $0.12 | $0.11 | -8.3% | ✗ MISS |
Q4 2024 | Oct 30, 2024 | $0.12 | $0.17 | +41.7% | ✓ BEAT |
Q3 2024 | Jul 24, 2024 | $0.13 | $0.18 | +38.5% | ✓ BEAT |
Q2 2024 | Apr 24, 2024 | $0.11 | $0.14 | +27.3% | ✓ BEAT |
Q1 2024 | Feb 21, 2024 | $0.11 | $0.12 | +9.1% | ✓ BEAT |
Q4 2023 | Oct 25, 2023 | $0.12 | $0.12 | 0.0% | = MET |
Q3 2023 | Jul 26, 2023 | $0.09 | $0.16 | +77.8% | ✓ BEAT |
Q2 2023 | Apr 26, 2023 | $0.09 | $0.15 | +66.7% | ✓ BEAT |
Q1 2023 | Feb 21, 2023 | $0.11 | $0.05 | -54.5% | ✗ MISS |
Q4 2022 | Nov 2, 2022 | $0.12 | $0.15 | +25.0% | ✓ BEAT |
Q3 2022 | Aug 3, 2022 | $0.12 | $0.15 | +25.0% | ✓ BEAT |
Q2 2022 | May 4, 2022 | $0.15 | $0.17 | +13.3% | ✓ BEAT |
Q1 2022 | Feb 23, 2022 | $-0.16 | $0.17 | +206.3% | ✓ BEAT |
Q4 2021 | Nov 3, 2021 | $-0.17 | $-0.33 | -94.1% | ✗ MISS |
Q3 2021 | Jul 28, 2021 | $-0.35 | $-0.32 | +8.6% | ✓ BEAT |
Latest News
Shares of REITs are trading higher after the Fed cut rates, which could drive a rotation into dividend-paying sectors.
📈 PositiveVeris Residential Raises FY2025 FFO Guidance from $0.63-$0.64 to $0.67-$0.68 vs $0.64 Est
📈 PositiveVeris Residential Q3 FFO $0.20 Beats $0.16 Estimate, Sales $73.440M Miss $74.361M Estimate
📈 PositiveFrequently Asked Questions about VRE
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