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Veris Residential (VRE) Company Overview

Profile

Full Name:

Veris Residential, Inc.

Industry:

Residential

Country:

United States

IPO:

August 25, 1994

Indexes:

Not included

Description:

Veris Residential (VRE) is a real estate investment trust (REIT) focused on owning and managing high-quality residential properties. The company aims to provide attractive living spaces in urban areas, enhancing communities while delivering value to investors through strategic property management and development.

Key Details

Price

$16.30

Annual Revenue

$279.86 M(+19.88% YoY)

Annual EPS

-$1.22(-93.65% YoY)

Beta

0.55

Events Calendar

Earnings

Next earnings date:

Feb 24, 2025

Recent quarterly earnings:

Oct 30, 2024

Recent annual earnings:

Feb 21, 2024
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

Dec 31, 2024
Splits

Next split:

N/A

Recent split:

N/A

Analyst ratings

Recent major analysts updates

Dec 17, 24 JP Morgan
Neutral
Nov 12, 24 B of A Securities
Buy
Sep 16, 24 JP Morgan
Underweight
Aug 28, 24 Evercore ISI Group
Outperform
Jun 24, 24 Truist Securities
Hold
Jun 20, 24 Evercore ISI Group
Outperform
Jun 17, 24 JP Morgan
Underweight
Apr 9, 24 Truist Securities
Hold
Aug 15, 23 Truist Securities
Hold
Jul 27, 23 Evercore ISI Group
Outperform

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Veris Residential, Inc. Announces Dates for Fourth Quarter and Full Year 2024 Financial Results and Webcast
Veris Residential, Inc. Announces Dates for Fourth Quarter and Full Year 2024 Financial Results and Webcast
Veris Residential, Inc. Announces Dates for Fourth Quarter and Full Year 2024 Financial Results and Webcast
VRE
prnewswire.comJanuary 22, 2025

JERSEY CITY, N.J. , Jan. 22, 2025 /PRNewswire/ -- Veris Residential, Inc. ("Veris Residential" or the "Company") (NYSE: VRE), a forward-thinking multifamily REIT, today announces that it will host its fourth quarter and full year 2024 financial results webcast and conference call on Tuesday, February 25, 2025, at 8:30 a.m.

Down -9.62% in 4 Weeks, Here's Why Veris (VRE) Looks Ripe for a Turnaround
Down -9.62% in 4 Weeks, Here's Why Veris (VRE) Looks Ripe for a Turnaround
Down -9.62% in 4 Weeks, Here's Why Veris (VRE) Looks Ripe for a Turnaround
VRE
zacks.comDecember 24, 2024

Veris (VRE) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Veris Residential Is An Innovator In Multifamily Real Estate
Veris Residential Is An Innovator In Multifamily Real Estate
Veris Residential Is An Innovator In Multifamily Real Estate
VRE
seekingalpha.comNovember 22, 2024

Veris Residential, Inc. is a multifamily REIT focusing on sustainable, urban properties for affluent renters, leveraging AI for operational efficiency and tenant engagement. Veris Residential's innovative use of AI, such as the leasing assistant Quinn, has improved lead generation, reduced payroll expenses, and enhanced resident experience. VRE benefits from urban market trends, particularly in NYC, with high rent growth and low vacancy rates, but still holds a “Hold” rating for further stabilization.

Veris Residential Declares Quarterly Cash Dividend
Veris Residential Declares Quarterly Cash Dividend
Veris Residential Declares Quarterly Cash Dividend
VRE
prnewswire.comNovember 13, 2024

JERSEY CITY, N.J. , Nov. 13, 2024 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE) ("Veris Residential" or the "Company"), a forward-thinking, environmentally and socially conscious multifamily REIT, today announced that the Company's Board of Directors has declared a cash dividend on its common stock for the fourth quarter 2024 in the amount of $0.08 for the period ending December 31, 2024.

Veris Residential, Inc. (VRE) Q3 2024 Earnings Call Transcript
Veris Residential, Inc. (VRE) Q3 2024 Earnings Call Transcript
Veris Residential, Inc. (VRE) Q3 2024 Earnings Call Transcript
VRE
seekingalpha.comNovember 1, 2024

Veris Residential, Inc. (NYSE:VRE ) Q3 2024 Earnings Conference Call October 31, 2024 8:30 AM ET Company Participants Taryn Fielder - General Counsel & Secretary Mahbod Nia - Chief Executive Officer Amanda Lombard - Chief Financial Officer Conference Call Participants Steve Sakwa - Evercore ISI Eric Wolfe - Citi Thomas Catherwood - BTIG Michael Lewis - Truist Securities Inc. Operator Good morning and welcome to Residential Veris Inc's Third Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode.

Veris Residential, Inc. Reports Third Quarter 2024 Results
Veris Residential, Inc. Reports Third Quarter 2024 Results
Veris Residential, Inc. Reports Third Quarter 2024 Results
VRE
prnewswire.comOctober 30, 2024

Raises Full-Year 2024 Guidance JERSEY CITY, N.J. , Oct. 30, 2024 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE) (the "Company"), a forward-thinking, environmentally and socially conscious multifamily REIT, today reported results for the third quarter 2024.

Veris Residential, Inc. Announces Dates for Third Quarter 2024 Financial Results and Webcast
Veris Residential, Inc. Announces Dates for Third Quarter 2024 Financial Results and Webcast
Veris Residential, Inc. Announces Dates for Third Quarter 2024 Financial Results and Webcast
VRE
prnewswire.comOctober 10, 2024

JERSEY CITY, N.J. , Oct. 10, 2024 /PRNewswire/ -- Veris Residential, Inc. ("Veris Residential" or the "Company") (NYSE: VRE), a forward-thinking, environmentally and socially conscious REIT that primarily owns, operates, acquires and develops Class A multifamily properties, today announces that it will host its third quarter 2024 financial results webcast and conference call on Thursday, October 31, 2024, at 8:30 a.m.

Veris Residential Declares Quarterly Cash Dividend
Veris Residential Declares Quarterly Cash Dividend
Veris Residential Declares Quarterly Cash Dividend
VRE
prnewswire.comAugust 5, 2024

JERSEY CITY, N.J. , Aug. 5, 2024 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE) ("Veris Residential" or the "Company"), a forward-thinking, environmentally and socially conscious REIT that primarily owns, operates, acquires and develops Class A multifamily properties, today announced that the Company's Board of Directors has declared a cash dividend on its common stock for the third quarter 2024 in the amount of $0.07 for the period ending September 30, 2024, representing an increase of 7% from the prior dividend.

Veris Residential Q2 Earnings: Finding Their Footing Under A New Brand
Veris Residential Q2 Earnings: Finding Their Footing Under A New Brand
Veris Residential Q2 Earnings: Finding Their Footing Under A New Brand
VRE
seekingalpha.comJuly 31, 2024

Veris Residential underwent a major transformation, shifting from a diversified REIT to a multifamily landlord with a socially conscious business model. VRE focuses on luxury apartments in the Northeast, with an average monthly rental rate of nearly $4,000 per unit. VRE reported strong Q2 earnings, showcasing rental growth, dispositions, and commitment to their new brand.

Veris Residential (VRE) Tops Q2 FFO Estimates
Veris Residential (VRE) Tops Q2 FFO Estimates
Veris Residential (VRE) Tops Q2 FFO Estimates
VRE
zacks.comJuly 24, 2024

Veris Residential (VRE) came out with quarterly funds from operations (FFO) of $0.18 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to FFO of $0.16 per share a year ago.

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FAQ

  • What is the ticker symbol for Veris Residential?
  • Does Veris Residential pay dividends?
  • What sector is Veris Residential in?
  • What industry is Veris Residential in?
  • What country is Veris Residential based in?
  • When did Veris Residential go public?
  • Is Veris Residential in the S&P 500?
  • Is Veris Residential in the NASDAQ 100?
  • Is Veris Residential in the Dow Jones?
  • When was Veris Residential's last earnings report?
  • When does Veris Residential report earnings?
  • Should I buy Veris Residential stock now?

What is the ticker symbol for Veris Residential?

The ticker symbol for Veris Residential is NYSE:VRE

Does Veris Residential pay dividends?

Yes, Veris Residential pays dividends. The last payment was $0.08, with an ex-dividend date on December 31, 2024

What sector is Veris Residential in?

Veris Residential is in the Real Estate sector

What industry is Veris Residential in?

Veris Residential is in the Residential industry

What country is Veris Residential based in?

Veris Residential is headquartered in United States

When did Veris Residential go public?

Veris Residential's initial public offering (IPO) was on August 25, 1994

Is Veris Residential in the S&P 500?

No, Veris Residential is not included in the S&P 500 index

Is Veris Residential in the NASDAQ 100?

No, Veris Residential is not included in the NASDAQ 100 index

Is Veris Residential in the Dow Jones?

No, Veris Residential is not included in the Dow Jones index

When was Veris Residential's last earnings report?

Veris Residential's most recent earnings report was on Oct 30, 2024

When does Veris Residential report earnings?

The next expected earnings date for Veris Residential is Feb 24, 2025

Should I buy Veris Residential stock now?

As of today, analysts generally recommend a 'Buy' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions