Summary

17.50 -0.04(-0.23%)10/04/2024
Vincom Retail JSC Ordinary Shares (VRE)

Key Facts


1 Day1 Week1 Month3 Months6 Months1 Year5 YearsAll Time
-0.230.590.97-26.36-15.89-14.020.000.00


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Trading Data
Close17.50
Open17.54
High17.57
Low17.40
Volume191,598
Change-0.04
Change %-0.23
Avg Volume (20 Days)472,360
Volume/Avg Volume (20 Days) Ratio0.41
52 Week Range13.30 - 18.98
Price vs 52 Week High-7.77%
Price vs 52 Week Low31.58%
Range0.00
Gap Up/Down-0.10
Fundamentals
Market Capitalization (Mln)1,641
EBIDTA128,370,000
PE Ratio177.6107
PEG Ratio0.0000
WallStreet Target Price19.33
Book Value14.3910
Earnings Per Share-0.4023
EPS Estimate Current Quarter0.0000
EPS Estimate Next Quarter0.0000
EPS Estimate Current Year0.0000
EPS Estimate Next Year0.0000
Diluted EPS (TTM)-0.4040
Revenues
Profit Marging-0.0870
Operating Marging (TTM)0.0524
Return on asset (TTM)0.0021
Return on equity (TTM)-8.3945
Revenue TTM311,835,008
Revenue per share TTM3.4350
Quarterly Revenue Growth (YOY)0.0180
Quarterly Earnings Growth (YOY)0.0000
Gross Profit (TTM)170,701,000
Dividends
Dividend Share0.0000
Dividend Yield
Valuations
Trailing PE0.0000
Forward PE0.0000
Price Sales (TTM)0.0000
Price Book (MRQ)1.2717
Revenue Enterprise Value 12.6400
EBITDA Enterprise Value42.1359
Shares
Shares Outstanding90,946,304
Shares Float90,706,044
Shares Short0
Shares Short (Prior Month)0
Shares Ratio0.00
Short Outstanding (%)0.00
Short Float (%)0.00
Insider (%)8.47
Institutions (%)92.67


08/14 14:25 EST - seekingalpha.com
Massive Apartment Deals Demonstrate Value Of Apartment REITs
Equity Residential bought 11 apartments with 3572 units from Blackstone for $964 million, expanding its presence in Dallas, Denver, and Atlanta. Public apartment REITs are trading below asset value, with substantial differences in pricing based on location and quality of properties. Multifamily REITs like BSRTF, NXRT, CSR, and CPT are considered the most compelling investments in the sector, but caution is advised due to potential economic downturn.
08/05 08:00 EST - prnewswire.com
Veris Residential Declares Quarterly Cash Dividend
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.
07/31 07:00 EST - seekingalpha.com
Veris Residential Q2 Earnings: Finding Their Footing Under A New Brand
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.
07/24 18:40 EST - zacks.com
Veris Residential (VRE) Tops Q2 FFO Estimates
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.
07/24 16:15 EST - prnewswire.com
Veris Residential, Inc. Reports Second Quarter 2024 Results
JERSEY CITY, N.J. , July 24, 2024 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE) (the "Company"), a forward-thinking, environmentally and socially conscious multifamily REIT, today reported results for the second quarter 2024.
07/11 22:31 EST - seekingalpha.com
Apartment Fundamental Outlook Improved As Supply Wanes
Apartment REITs have beaten 1Q24 earnings despite a massive new supply wave hitting the sector in 2024 and early 2025. Demand drivers such as strong employment, low savings rate, high cost of houses, and high cost of construction have kept occupancy high despite the supply. Supply growth is dropping in mid-to-late 2025, making investments in the apartment sector appealing for long-term growth potential.
07/08 16:10 EST - prnewswire.com
Veris Residential, Inc. Announces Dates for Second Quarter 2024 Financial Results and Webcast
JERSEY CITY, N.J. , July 8, 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 second quarter 2024 financial results webcast and conference call on Thursday, July 25, 2024, at 8:30 a.m.
06/18 06:01 EST - prnewswire.com
Veris Residential, Inc. Announces Withdrawal of Public Offering of Common Stock
JERSEY CITY, N.J. , June 18, 2024 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE) (the "Company") today announced that it has withdrawn its proposed public offering of shares of its common stock.
06/17 16:08 EST - prnewswire.com
Veris Residential, Inc. Announces Public Offering of Common Stock
JERSEY CITY, N.J. , June 17, 2024 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE) (the "Company") announced today that it has commenced an underwritten public offering of 10,500,000 shares of its common stock.
06/10 09:00 EST - seekingalpha.com
Sell These 11 REITs While You Still Can
The next two to five years probably will not be kind to REITs. Weak REITs with messy balance sheets, weak forecast for FFO growth, unsafe dividends, and/or overvaluation are likely to suffer the most damage in any downturn. This article identifies 11 companies that fit this description.
05/20 05:00 EST - https://www.defenseworld.net
Amalgamated Bank Cuts Stock Holdings in Veris Residential, Inc. (NYSE:VRE)
Amalgamated Bank reduced its stake in Veris Residential, Inc. (NYSE:VRE – Free Report) by 2.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,156 shares of the company’s stock after selling 781 shares during the period. Amalgamated Bank’s holdings in Veris Residential were worth $474,000 at the end of the most recent reporting period. Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Van ECK Associates Corp raised its position in Veris Residential by 19.7% in the 4th quarter. Van ECK Associates Corp now owns 11,088 shares of the company’s stock valued at $174,000 after purchasing an additional 1,823 shares in the last quarter. New York Life Investment Management LLC acquired a new stake in Veris Residential in the fourth quarter valued at approximately $219,000. SG Americas Securities LLC lifted its stake in Veris Residential by 60.7% in the fourth quarter. SG Americas Securities LLC now owns 14,051 shares of the company’s stock worth $221,000 after acquiring an additional 5,309 shares during the last quarter. abrdn plc grew its holdings in Veris Residential by 11.4% during the 3rd quarter. abrdn plc now owns 17,377 shares of the company’s stock worth $287,000 after acquiring an additional 1,774 shares in the last quarter. Finally, Jump Financial LLC acquired a new position in Veris Residential during the 3rd quarter worth approximately $308,000. 93.04% of the stock is currently owned by hedge funds and other institutional investors. Veris Residential Price Performance Shares of NYSE VRE opened at $15.72 on Monday. The stock’s 50-day simple moving average is $14.86 and its 200-day simple moving average is $14.89. The firm has a market capitalization of $1.46 billion, a PE ratio of -15.72, a price-to-earnings-growth ratio of 3.26 and a beta of 1.22. Veris Residential, Inc. has a fifty-two week low of $13.06 and a fifty-two week high of $18.98. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.35 and a current ratio of 2.35. Veris Residential Increases Dividend The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 16th. Shareholders of record on Wednesday, July 3rd will be issued a dividend of $0.06 per share. The ex-dividend date is Wednesday, July 3rd. This represents a $0.24 dividend on an annualized basis and a yield of 1.53%. This is a boost from Veris Residential’s previous quarterly dividend of $0.05. Veris Residential’s dividend payout ratio (DPR) is presently -21.00%. Analysts Set New Price Targets Separately, Truist Financial decreased their price objective on shares of Veris Residential from $15.00 to $14.00 and set a “hold” rating for the company in a research report on Tuesday, April 9th. View Our Latest Research Report on VRE About Veris Residential (Free Report) 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. See Also Five stocks we like better than Veris Residential How to invest in marijuana stocks in 7 steps MarketBeat Week in Review – 5/13 – 5/17 How to buy stock: A step-by-step guide for beginners Take-Two Interactive Software Offers 2nd Chance for Investors Buy P&G Now, Before It Sets A New All-Time High Deere & Company’s Q2 Report: Strong Revenue, Cautious Outlook Want to see what other hedge funds are holding VRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Veris Residential, Inc. (NYSE:VRE – Free Report).
05/08 09:00 EST - prnewswire.com
Veris Residential CEO Mahbod Nia Delivers Lecture at MIT Center for Real Estate
Explores the Integration of ESG Considerations into Business Decision-Making for the Benefit of All Stakeholders CAMBRIDGE, Mass. and JERSEY CITY, N.J.
04/27 12:00 EST - investorplace.com
3 REITs That Could Be Heading Six-Feet Under
BankRate recently noted that home prices in the U.S. continue to rise due to a persistent lack of housing supply, even amidst some of the highest mortgage rates seen in the last two decades. This ongoing price increase is driven by low inventory levels and robust demand, which outpaces the supply.
04/25 17:27 EST - seekingalpha.com
Veris Residential, Inc. (VRE) Q1 2024 Earnings Call Transcript
Veris Residential, Inc. (NYSE:VRE ) Q1 2024 Earnings Conference Call April 25, 2024 8:30 AM ET Company Participants Taryn Fielder - General Counsel Mahbod Nia - Chief Executive Officer Amanda Lombard - Chief Financial Officer Conference Call Participants Steve Sakwa - Evercore ISI Eric Wolfe - Citibank Josh Dennerlein - Bank of America Tom Catherwood - BTIG Michael Lewis - Truist securities Operator Greetings, and welcome to the Veris Residential First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
04/24 20:36 EST - zacks.com
Veris (VRE) Reports Q1 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for Veris (VRE) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
04/24 16:20 EST - prnewswire.com
Veris Residential, Inc. Reports First Quarter 2024 Results
JERSEY CITY, N.J. , April 24, 2024 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE) (the "Company"), a forward-thinking, environmentally and socially conscious multifamily REIT, today reported results for the first quarter 2024.
04/15 08:00 EST - prnewswire.com
Veris Residential, Inc. Announces Dates for First Quarter 2024 Financial Results and Webcast
JERSEY CITY, N.J., April 15, 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 first quarter 2024 financial results webcast and conference call on Thursday, April 25, 2024, at 8:30 a.m.
02/23 00:45 EST - seekingalpha.com
Veris Residential, Inc. (VRE) Q4 2023 Earnings Call Transcript
Veris Residential, Inc. (VRE) Q4 2023 Earnings Call Transcript