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Veris Residential Inc (VRE)



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Upturn Advisory Summary
08/14/2025: VRE (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $18
1 Year Target Price $18
2 | Strong Buy |
0 | Buy |
4 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -17.32% | Avg. Invested days 37 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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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 |
Upturn AI SWOT
Veris Residential Inc
Company Overview
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.
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 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
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
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
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.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
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 | Website https://www.verisresidential.com |
Full time employees 188 | Website https://www.verisresidential.com |
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.

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