(VRE) Veris Residential - Overview
Sector: Real Estate | Industry: REIT - Residential | Exchange: NYSE (USA) | Market Cap: 1.944m USD | Total Return: 117.2% in 12m
Avg Turnover: 9.49M
Qual. Beats: 0
Rev. Trend: 98.1%
Qual. Beats: 0
Warnings
High Debt/EBITDA (5.6) with thin interest coverage (1.9)
Beneish M-Score 1.00 > -1.5 - likely earnings manipulation
Altman Z'' -3.16 < 1.0 - financial distress zone
Tailwinds
Rs Leader, Idiosyncratic Leader, Tailwind, Confidence
Veris Residential, Inc. (VRE) is a Jersey City-based Real Estate Investment Trust (REIT) focused on the ownership, operation, and development of Class A multifamily properties. The company maintains a vertically integrated platform concentrated in the Northeast United States, utilizing technology-driven operations to manage its residential portfolio.
As a multifamily REIT, the business model relies on generating rental income from high-density residential assets, which typically offer more stable cash flows compared to cyclical sectors like office or retail real estate. Class A properties are characterized by high-end finishes and modern amenities, often commanding premium rents in urban and transit-oriented markets. For deeper insights into these property valuations, consider reviewing the detailed metrics available on ValueRay.
The company operates as a small-cap entity within the GICS Real Estate sector. Its strategic focus aligns with the broader industry trend of institutionalizing residential property management through centralized operating platforms and meritocratic corporate governance.
- Class A multifamily rent growth in Northeast urban markets
- Net operating income margins expand through technology-enabled platform efficiency
- Strategic non-core asset dispositions fund deleveraging and portfolio optimization
- Interest rate sensitivity impacts refinancing costs and capitalization rates
| Net Income: 71.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 0.60 > 1.0 |
| NWC/Revenue: -101.6% < 20% (prev -130.0%; Δ 28.38% < -1%) |
| CFO/TA 0.03 > 3% & CFO 79.8m > Net Income 71.9m |
| Net Debt (1.35b) to EBITDA (242.3m): 5.58 < 3 |
| Current Ratio: 0.09 > 1.5 & < 3 |
| Outstanding Shares: last quarter (102.1m) vs 12m ago 0.44% < -2% |
| Gross Margin: 2.63% > 18% (prev -0.02%; Δ 264.7% > 0.5%) |
| Asset Turnover: 10.33% > 50% (prev 9.20%; Δ 1.13% > 0%) |
| Interest Coverage Ratio: 1.88 > 6 (EBITDA TTM 242.3m / Interest Expense TTM 83.2m) |
| A: -0.11 (Total Current Assets 27.9m - Total Current Liabilities 323.3m) / Total Assets 2.68b |
| B: -0.54 (Retained Earnings -1.44b / Total Assets 2.68b) |
| C: 0.06 (EBIT TTM 156.1m / Avg Total Assets 2.82b) |
| D: -1.01 (Book Value of Equity -1.44b / Total Liabilities 1.43b) |
| Altman-Z'' = -3.16 = D |
| DSRI: 1.25 (Receivables 4.81m/3.58m, Revenue 290.8m/271.5m) |
| GMI: 1.00 (fallback, negative margins) |
| AQI: 22.97 (AQ_t 0.99 / AQ_t-1 0.04) |
| SGI: 1.07 (Revenue 290.8m / 271.5m) |
| TATA: -0.00 (NI 71.9m - CFO 79.8m) / TA 2.68b) |
| Beneish M = 10.26 (Cap -4..+1) = D |
As of May 30, 2026, the stock is trading at USD 32.20 with a total of 3,389 shares traded.
Over the past week, the price has changed by +0.56%,
over one month by +69.74%,
over three months by +71.55% and
over the past year by +117.18%.
Veris Residential has received a consensus analysts rating of 3.67. Therefore, it is recommended to hold VRE.
- StrongBuy: 2
- Buy: 0
- Hold: 4
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 19.8 | -38.7% |
P/E Trailing = 26.0137
P/E Forward = 16.9205
P/S = 6.6533
P/B = 1.5777
P/EG = 8.5873
Revenue TTM = 290.8m USD
EBIT TTM = 156.1m USD
EBITDA TTM = 242.3m USD
Long Term Debt = 1.24b USD (from longTermDebt, last quarter)
Short Term Debt = 323.3m USD (from shortTermDebt, last quarter)
Debt = 1.36b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.35b USD (calculated: Debt 1.36b - CCE 9.41m)
Enterprise Value = 3.30b USD (1.94b + Debt 1.36b - CCE 9.41m)
Interest Coverage Ratio = 1.88 (Ebit TTM 156.1m / Interest Expense TTM 83.2m)
EV/FCF = 56.54x (Enterprise Value 3.30b / FCF TTM 58.3m)
FCF Yield = 1.77% (FCF TTM 58.3m / Enterprise Value 3.30b)
FCF Margin = 20.04% (FCF TTM 58.3m / Revenue TTM 290.8m)
Net Margin = 24.74% (Net Income TTM 71.9m / Revenue TTM 290.8m)
Gross Margin = 2.63% ((Revenue TTM 290.8m - Cost of Revenue TTM 283.1m) / Revenue TTM)
Gross Margin QoQ = 2.67% (prev 3.16%)
Tobins Q-Ratio = 1.23 (Enterprise Value 3.30b / Total Assets 2.68b)
Interest Expense / Debt = 6.11% (Interest Expense 83.2m / Debt 1.36b)
Taxrate = 0.31% (231k / 75.1m)
NOPAT = 155.6m (EBIT 156.1m * (1 - 0.31%))
Current Ratio = 0.09 (Total Current Assets 27.9m / Total Current Liabilities 323.3m)
Debt / Equity = 1.21 (Debt 1.36b / totalStockholderEquity, last quarter 1.13b)
Debt / EBITDA = 5.58 (Net Debt 1.35b / EBITDA 242.3m)
Debt / FCF = 23.20 (Net Debt 1.35b / FCF TTM 58.3m)
Total Stockholder Equity = 1.13b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.55% (Net Income 71.9m / Total Assets 2.68b)
RoE = 2.79% (Net Income TTM 71.9m / Total Stockholder Equity 2.57b)
RoCE = 4.09% (EBIT 156.1m / Capital Employed (Equity 2.57b + L.T.Debt 1.24b))
RoIC = 5.81% (NOPAT 155.6m / Invested Capital 2.68b)
WACC = 6.54% (E(1.94b)/V(3.31b) * Re(6.86%) + D(1.36b)/V(3.31b) * Rd(6.11%) * (1-Tc(0.00)))
Discount Rate = 6.86% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 60.0 | Cagr: 4.63%
[DCF] Terminal Value 77.97% ; FCFF base≈53.5m ; Y1≈61.4m ; Y5≈90.3m
[DCF] Fair Price = 0.08 (EV 1.36b - Net Debt 1.35b = Equity 7.26m / Shares 93.8m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
[DCF] Fair Price = 0.08 (out of range, set to none)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.40 | # QB: 0
Revenue Correlation: 98.11 | Revenue CAGR: 4.61% | SUE: -0.16 | # QB: 0
EPS current Year (2026-12-31): EPS=-0.11 | Chg30d=+52.73% | Revisions=N/A | GrowthEPS=-113.5% | GrowthRev=-1.0%
EPS next Year (2027-12-31): EPS=-0.06 | Chg30d=+48.80% | Revisions=+20% | GrowthEPS=+46.6% | GrowthRev=+1.0%
[Analyst] Revisions Ratio: +20%