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VRE
Upturn stock ratingUpturn stock rating

Veris Residential Inc (VRE)

Upturn stock ratingUpturn stock rating
$14.12
Last Close (24-hour delay)
upturn advisory
PASS
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
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Upturn Advisory Summary

08/14/2025: VRE (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

6 Analysts rated it

Limited analyst coverage, niche firm, research info may be scarce.

1 Year Target Price $18

1 Year Target Price $18

Analysts Price Target For last 52 week
$18 Target price
52w Low $13.69
Current$14.12
52w High $18.57

Analysis of Past Performance

Type Stock
Historic Profit -17.32%
Avg. Invested days 37
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/14/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 1.56B USD
Price to earnings Ratio -
1Y Target Price 18
Price to earnings Ratio -
1Y Target Price 18
Volume (30-day avg) 6
Beta 1.25
52 Weeks Range 13.69 - 18.57
Updated Date 08/15/2025
52 Weeks Range 13.69 - 18.57
Updated Date 08/15/2025
Dividends yield (FY) 2.17%
Basic EPS (TTM) -0.25

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date 2025-07-22
When Before Market
Estimate -0.0522
Actual 0.12

Profitability

Profit Margin -7.68%
Operating Margin (TTM) 19.77%

Management Effectiveness

Return on Assets (TTM) 1.03%
Return on Equity (TTM) -2.24%

Valuation

Trailing PE -
Forward PE -
Enterprise Value 3092154378
Price to Sales(TTM) 5.47
Enterprise Value 3092154378
Price to Sales(TTM) 5.47
Enterprise Value to Revenue 11.05
Enterprise Value to EBITDA 20.53
Shares Outstanding 93421800
Shares Floating 86713314
Shares Outstanding 93421800
Shares Floating 86713314
Percent Insiders 9.63
Percent Institutions 101.91

ai summary icon Upturn AI SWOT

Veris Residential Inc

stock logo

Company Overview

overview logo History and Background

Veris Residential, formerly Mack-Cali Realty Corporation, was founded in 1994. Initially a diversified REIT, it strategically shifted focus to multifamily residential properties and rebranded as Veris Residential in December 2021. This transformation aimed to capitalize on the growing demand for high-quality, environmentally conscious residential communities.

business area logo Core Business Areas

  • Multifamily Residential: Owns, manages, and develops a portfolio of Class A multifamily residential properties primarily located in the Northeast and Mid-Atlantic regions of the United States. The focus is on modern, sustainable communities appealing to a diverse resident base.

leadership logo Leadership and Structure

The leadership team is headed by Anthony F. Rossi as CEO. The company operates with a standard corporate structure, including a board of directors and various executive management positions overseeing different aspects of the business, such as finance, operations, and development.

Top Products and Market Share

overview logo Key Offerings

  • Luxury Apartment Residences: Veris Residential owns and operates high-end apartment communities with modern amenities and sustainable features. Market share data is not publicly broken out for Veris specifically, but they compete within the broader Class A multifamily market. Competitors include AvalonBay Communities (AVB), Equity Residential (EQR), and Camden Property Trust (CPT).

Market Dynamics

industry overview logo Industry Overview

The multifamily residential market is currently experiencing high demand driven by urbanization, demographic trends, and a shortage of affordable housing. However, rising interest rates and increased construction costs are creating headwinds.

Positioning

Veris Residential positions itself as a provider of sustainable, high-quality living environments in desirable locations. Its competitive advantage lies in its modern properties and commitment to environmental responsibility.

Total Addressable Market (TAM)

The TAM for US multifamily residential is estimated in the trillions of dollars. Veris, with its geographically focused portfolio, occupies a small but growing niche within this vast market, targeting a segment of renters willing to pay a premium for quality and sustainability.

Upturn SWOT Analysis

Strengths

  • Modern, high-quality properties
  • Focus on sustainability
  • Strategic locations in desirable markets
  • Experienced management team

Weaknesses

  • Geographic concentration in Northeast and Mid-Atlantic
  • Relatively small portfolio compared to larger REITs
  • Exposure to economic downturns in specific regions

Opportunities

  • Expansion into new markets
  • Development of new sustainable communities
  • Acquisition of existing properties
  • Increased demand for rental housing

Threats

  • Rising interest rates
  • Increased construction costs
  • Economic downturn
  • Competition from other REITs and developers

Competitors and Market Share

competitor logo Key Competitors

  • AVB
  • EQR
  • CPT

Competitive Landscape

Veris Residential is a smaller player compared to larger REITs like AvalonBay and Equity Residential. Its focus on sustainability and strategic locations differentiate it, but it faces challenges related to scale and capital access. The company needs to increase brand visibility to gain more market share in the competative REIT market.

Growth Trajectory and Initiatives

Historical Growth: Historical growth is tied to the performance of the company before the shift to Veris Residential. Analysis of growth trends over the past years should now focus on post rebranding trends.

Future Projections: Future growth projections depend on analyst estimates, which are impacted by market conditions, interest rates, and Veris Residential's strategy execution.

Recent Initiatives: Recent strategic initiatives include portfolio optimization, focusing on multifamily residential, and sustainability initiatives. These are viewable via company press releases or financial statements.

Summary

Veris Residential is a REIT focused on high-quality, sustainable multifamily properties. Its strengths lie in its modern communities and strategic locations; however, its smaller size and geographic concentration pose challenges. While demand for multifamily housing provides growth opportunities, rising interest rates and construction costs are potential headwinds. Success hinges on effective execution of expansion and sustainability initiatives.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company Website (verisresidential.com)
  • SEC Filings (10-K, 10-Q)
  • Analyst Reports
  • Industry Publications

Disclaimers:

This analysis is for informational purposes only and does not constitute financial advice. Market data and financial information are subject to change. Investment decisions should be based on thorough research and consultation with a qualified financial advisor.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Veris Residential Inc

Exchange NYSE
Headquaters Jersey City, NJ, United States
IPO Launch date 1994-08-25
CEO & Director Mr. Mahbod Nia A.C.A.
Sector Real Estate
Industry REIT - Residential
Full time employees 188
Full time employees 188

Veris Residential, Inc. is a forward-thinking real estate investment trust (REIT) that primarily owns, operates, acquires and develops premier Class A multifamily properties in the Northeast. Our technology-enabled, vertically integrated operating platform delivers a contemporary living experience aligned with residents' preferences while positively impacting the communities we serve. We are guided by an experienced management team and Board of Directors, underpinned by leading corporate governance principles; a best-in-class approach to operations; and an inclusive culture based on meritocratic empowerment.