VRE RSI Chart
Last 7 days
0.9%
Last 30 days
12.2%
Last 90 days
0.3%
Trailing 12 Months
-4.6%
Historical Charts for Stock Metrics
Year | Q1 | Q2 | Q3 | Q4 |
---|---|---|---|---|
2024 | 282.5M | 0 | 0 | 0 |
2023 | 248.3M | 263.2M | 271.6M | 277.8M |
2022 | 296.3M | 270.4M | 251.3M | 231.9M |
2021 | 306.1M | 311.5M | 314.5M | 326.2M |
2020 | 349.0M | 335.1M | 325.2M | 313.6M |
2019 | 359.2M | 361.2M | 359.3M | 357.2M |
2018 | 564.6M | 488.0M | 419.0M | 365.7M |
2017 | 610.4M | 623.9M | 626.4M | 616.2M |
2016 | 594.1M | 594.8M | 606.1M | 613.4M |
2015 | 620.9M | 609.2M | 599.9M | 594.9M |
2014 | 665.7M | 657.7M | 650.7M | 636.8M |
2013 | 654.4M | 660.4M | 666.1M | 667.0M |
2012 | 693.0M | 678.2M | 661.8M | 650.6M |
2011 | 762.3M | 736.8M | 712.0M | 709.1M |
2010 | 768.2M | 783.2M | 789.0M | 773.7M |
2009 | 0 | 768.2M | 763.5M | 758.9M |
2008 | 0 | 0 | 0 | 772.8M |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
Apr 29, 2024 | fielder taryn d. | sold (taxes) | -25,662 | 14.6225 | -1,755 | evp, general counsel & sec. |
Apr 22, 2024 | malhari anna | sold (taxes) | -71,961 | 14.665 | -4,907 | evp & chief operating officer |
Apr 22, 2024 | nia mahbod | gifted | - | - | 110,351 | chief executive officer |
Apr 22, 2024 | nia mahbod | sold (taxes) | -1,535,290 | 14.665 | -104,691 | chief executive officer |
Apr 22, 2024 | nia mahbod | gifted | - | - | -110,351 | chief executive officer |
Apr 22, 2024 | nia mahbod | acquired | - | - | 174,065 | chief executive officer |
Apr 22, 2024 | malhari anna | acquired | - | - | 10,498 | evp & chief operating officer |
Apr 18, 2024 | lombard amanda | sold (taxes) | -15,608 | 14.1 | -1,107 | chief financial officer |
Mar 18, 2024 | fielder taryn d. | sold (taxes) | -38,885 | 14.808 | -2,626 | evp, general counsel & sec. |
Which funds bought or sold VRE recently?
View All DetailsDatesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
May 16, 2024 | Pineridge Advisors LLC | sold off | -100 | -2,611 | - | -% |
May 16, 2024 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -5.51 | -106,801 | 1,130,320 | -% |
May 16, 2024 | JANE STREET GROUP, LLC | sold off | -100 | -1,730,550 | - | -% |
May 16, 2024 | Tidal Investments LLC | added | 268 | 557,729 | 775,086 | 0.01% |
May 16, 2024 | LEVIN CAPITAL STRATEGIES, L.P. | new | - | 532,350 | 532,350 | 0.05% |
May 15, 2024 | Voya Investment Management LLC | reduced | -18.06 | -105,166 | 401,088 | -% |
May 15, 2024 | Cubist Systematic Strategies, LLC | sold off | -100 | -638,949 | - | -% |
May 15, 2024 | TWO SIGMA ADVISERS, LP | added | 78.95 | 130,962 | 310,284 | -% |
May 15, 2024 | Tower Research Capital LLC (TRC) | reduced | -96.15 | -386,353 | 14,951 | -% |
May 15, 2024 | CITADEL ADVISORS LLC | added | 8.38 | 87,086 | 1,901,940 | -% |
Unveiling Veris Residential, Inc.'s Major ShareHolders
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Peers (Alternatives to Veris Residential, Inc.)
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
AMT | 90.9B | 11.2B | 46.04 | 8.11 | ||||
CCI | 44.7B | 6.8B | 32.06 | 6.53 | ||||
AVB | 28.3B | 2.8B | 29.6 | 10.08 | ||||
ARE | 21.7B | 3.0B | 110.61 | 7.35 | ||||
AMH | 13.5B | - | 31.9 | 8.3 | ||||
REG | 11.3B | 1.4B | 30.12 | 8.22 | ||||
BXP | 9.9B | 3.3B | 51.64 | 3 | ||||
MID-CAP | ||||||||
FRT | 8.5B | 1.2B | 35.59 | 7.38 | ||||
SLG | 3.4B | 892.3M | -6.71 | 3.85 | ||||
MAC | 3.4B | 878.0M | -9.8 | 3.82 | ||||
SMALL-CAP | ||||||||
AAT | 1.4B | 444.1M | 20.36 | 3.15 | ||||
AIV | 1.2B | 198.2M | -7.55 | 6.02 | ||||
MFA | 1.1B | 650.2M | 36.77 | 1.73 | ||||
NYMT | 572.0M | 285.4M | -4.15 | 2 | ||||
IVR | 459.4M | 277.2M | -56.03 | 1.66 |
Veris Residential, Inc. News
Income Statement (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2024Q1 | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 |
Revenue | -10.2% | 67.00 | 75.00 | 71.00 | 69.00 | 63.00 | 69.00 | 63.00 | 54.00 | 46.00 | 88.00 | 82.00 | 80.00 | 76.00 | 77.00 | 79.00 | 74.00 | 84.00 | 88.00 | 89.00 | 88.00 | 92.00 |
Costs and Expenses | -43.7% | 61.00 | 108 | 73.00 | 65.00 | 61.00 | 71.00 | 67.00 | 64.00 | 62.00 | -3.32 | 83.00 | 100 | 77.00 | 67.00 | 136 | 94.00 | 90.00 | 117 | 85.00 | 88.00 | 84.00 |
Operating Expenses | -25.0% | 13.00 | 17.00 | 15.00 | 14.00 | 11.00 | 16.00 | 13.00 | 13.00 | 8.00 | -6.00 | 17.00 | 19.00 | 15.00 | 16.00 | 19.00 | 16.00 | 16.00 | 18.00 | 18.00 | 18.00 | 17.00 |
S&GA Expenses | 11.0% | 11.00 | 10.00 | 15.00 | 10.00 | 10.00 | 12.00 | 13.00 | 12.00 | 19.00 | 14.00 | 11.00 | 18.00 | 14.00 | 12.00 | 26.00 | 17.00 | 16.00 | -42.46 | 13.00 | 17.00 | 13.00 |
EBITDA Margin | 71.1% | 0.16* | 0.09* | 0.52* | 0.51* | 0.51* | 0.49* | -0.27* | -0.24* | -0.19* | -0.13* | - | - | - | - | - | - | - | - | - | - | - |
Interest Expenses | -2.0% | 22.00 | 22.00 | 24.00 | 22.00 | 22.00 | 21.00 | 19.00 | 15.00 | 12.00 | -1.86 | 15.00 | 17.00 | 18.00 | 19.00 | 20.00 | 21.00 | 21.00 | 23.00 | 22.00 | 22.00 | 23.00 |
Income Taxes | -70.4% | 0.00 | 0.00 | 0.00 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Earnings Before Taxes | 87.4% | -6.21 | -49.37 | -61.35 | - | -18.83 | - | -22.59 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBT Margin | 14.8% | -0.48* | -0.56* | -0.14* | -0.15* | -0.16* | -0.17* | -0.63* | -0.58* | -0.53* | -0.48* | - | - | - | - | - | - | - | - | - | - | - |
Net Income | 22.7% | -3.90 | -5.05 | -54.81 | -27.43 | -19.97 | 32.00 | -101 | 26.00 | -9.09 | -26.27 | -28.31 | -72.08 | 8.00 | 66.00 | -42.21 | -34.89 | -39.92 | -54.65 | -55.93 | -22.05 | 244 |
Net Income Margin | 16.4% | -0.32* | -0.39* | -0.25* | -0.44* | -0.25* | -0.22* | -0.44* | -0.14* | -0.46* | -0.36* | -0.09* | -0.13* | - | - | - | - | - | - | - | - | - |
Free Cashflow | 28.1% | 16.00 | 12.00 | 9.00 | 12.00 | 12.00 | 7.00 | 14.00 | 14.00 | 32.00 | 15.00 | 13.00 | 2.00 | - | - | - | - | - | - | - | - | - |
Balance Sheet | ||||||||||||||||||||||
Description | (%) Q/Q | 2024Q1 | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 |
Assets | -0.9% | 3,213 | 3,241 | 3,330 | 3,773 | 3,801 | 3,921 | 4,256 | 4,311 | 4,260 | 4,527 | 4,567 | 4,591 | 5,160 | 5,148 | 5,191 | 5,360 | 5,286 | 5,293 | 5,721 | 5,328 | 5,274 |
Cash Equivalents | 302.4% | 113 | 28.00 | 17.00 | 397 | 57.00 | 48.00 | 64.00 | 53.00 | 47.00 | 51.00 | 43.00 | 54.00 | 281 | 52.00 | 37.00 | 40.00 | 41.00 | 41.00 | 54.00 | 79.00 | 33.00 |
Liabilities | -0.3% | 1,931 | 1,936 | 1,999 | 2,385 | 1,906 | 2,006 | 2,379 | 2,327 | 2,307 | 2,557 | 2,569 | 2,564 | 3,056 | 3,042 | 3,155 | 3,258 | 3,147 | 3,090 | 3,430 | 2,955 | 2,952 |
Shareholder's Equity | -0.5% | 1,132 | 1,137 | 1,148 | 1,348 | 1,374 | 1,399 | 1,362 | 1,467 | 1,441 | 1,449 | 1,479 | 1,510 | 1,590 | 1,592 | 1,524 | 1,593 | 1,632 | 1,699 | 1,791 | 1,876 | 1,943 |
Retained Earnings | -0.6% | -1,427 | -1,418 | -1,408 | -1,348 | -1,321 | -1,301 | -1,333 | -1,232 | -1,258 | -1,249 | -1,223 | -1,194 | -1,122 | -1,130 | -1,195 | -1,135 | -1,100 | -1,042 | -969 | -895 | -855 |
Additional Paid-In Capital | 0.1% | 2,556 | 2,553 | 2,551 | 2,540 | 2,534 | 2,532 | 2,530 | 2,525 | 2,531 | 2,530 | 2,530 | 2,529 | 2,529 | 2,528 | 2,531 | 2,534 | 2,534 | 2,535 | 2,538 | 2,540 | 2,554 |
Shares Outstanding | 0.2% | 92.00 | 92.00 | 92.00 | 92.00 | 91.00 | 91.00 | 91.00 | 91.00 | 91.00 | 91.00 | 91.00 | 91.00 | - | - | - | - | - | - | - | - | - |
Minority Interest | -1.5% | 140 | 142 | 143 | 151 | 157 | 164 | 160 | 171 | 165 | 167 | 171 | 175 | 183 | 194 | 188 | 194 | 198 | 206 | 222 | 230 | 239 |
Float | - | - | - | - | 1,288 | - | - | - | 1,149 | - | - | - | 1,485 | - | - | - | 1,315 | - | - | - | 2,103 | - |
Cashflow (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2024Q1 | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 |
Cashflow From Operations | 28.1% | 15,710 | 12,268 | 8,908 | 12,267 | 12,097 | 6,720 | 14,024 | 14,209 | 31,501 | 14,940 | 13,228 | 1,793 | 26,154 | 8,834 | 8,334 | 24,591 | 43,663 | 10,935 | 52,087 | 22,783 | 46,037 |
Share Based Compensation | - | - | - | - | - | - | - | - | - | 4,490 | 2,868 | 2,907 | 2,543 | 2,529 | 1,943 | 723 | 2,439 | 2,530 | 2,110 | 1,980 | 2,191 | 1,880 |
Cashflow From Investing | 10.2% | 93,773 | 85,079 | 42,937 | 362,398 | 89,236 | 100,418 | -35,404 | -37,981 | 193,055 | -11,787 | -32,083 | 300,129 | 189,970 | 111,427 | 111,218 | -111,082 | -83,098 | 120,006 | -512,759 | -52,210 | 28,888 |
Cashflow From Financing | 69.3% | -25,712 | -83,645 | -435,522 | -7,240 | -91,853 | -123,548 | 32,010 | 29,910 | -228,720 | 5,184 | 8,198 | -528,665 | 12,092 | -105,336 | -122,612 | 85,803 | 39,394 | -144,178 | 436,545 | 75,335 | -91,857 |
Buy Backs | 1099.3% | 1,534 | -153 | 31.00 | 219 | 247 | 219 | 156 | 696 | 1,442 | 348 | 140 | 528 | -118 | 523 | 29.00 | - | 2,141 | - | - | - | - |
VERIS RESIDENTIAL, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | |
---|---|---|
Mar. 31, 2024 | Mar. 31, 2023 | |
REVENUES | ||
Total revenues | $ 67,340 | $ 62,598 |
EXPENSES | ||
Real estate taxes | 9,177 | 9,559 |
Utilities | 2,271 | 2,063 |
Operating services | 12,570 | 11,383 |
Real estate services expenses | 5,242 | 1,943 |
General and administrative | 11,088 | 10,281 |
Transaction related costs | 516 | 1,027 |
Depreciation and amortization | 20,117 | 21,788 |
Land and other impairments, net | 0 | 3,396 |
Total expenses | 60,981 | 61,440 |
OTHER (EXPENSE) INCOME | ||
Interest expense | (21,500) | (22,014) |
Interest and other investment income | 538 | 116 |
Equity in earnings (losses) of unconsolidated joint ventures | 254 | (68) |
Gain (loss) on disposition of developable land | 784 | (22) |
Gain on sale of unconsolidated joint venture interests | 7,100 | 0 |
Other income (expense), net | 255 | 1,998 |
Total other (expense) income, net | (12,569) | (19,990) |
Loss from continuing operations before income tax expense | (6,210) | (18,832) |
Provision for income taxes | (59) | 0 |
Loss from continuing operations after income tax expense | (6,269) | (18,832) |
Discontinued operations: | ||
Income from discontinued operations | 252 | 1,822 |
Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net | 1,548 | 780 |
Total discontinued operations, net | 1,800 | 2,602 |
Net loss | (4,469) | (16,230) |
Noncontrolling interests in consolidated joint ventures | 495 | 587 |
Noncontrolling interests in Operating Partnership of income from continuing operations | 523 | 2,277 |
Noncontrolling interests in Operating Partnership in discontinued operations | (155) | (241) |
Redeemable noncontrolling interests | (297) | (6,366) |
Net loss available to common shareholders | $ (3,903) | $ (19,973) |
Basic earnings per common share: | ||
Loss from continuing operations (in dollars per share) | $ (0.06) | $ (0.29) |
Discontinued operations (in dollars per share) | 0.02 | 0.02 |
Net loss available to common shareholders (in dollars per share) | (0.04) | (0.27) |
Diluted earnings per common share: | ||
Loss from continuing operations (in dollars per share) | (0.06) | (0.29) |
Discontinued operations (in dollars per share) | 0.02 | 0.02 |
Net loss available to common shareholders (in dollars per share) | $ (0.04) | $ (0.27) |
Basic weighted average shares outstanding (in shares) | 92,275 | 91,226 |
Diluted weighted average shares outstanding (in shares) | 100,968 | 100,526 |
Revenue from leases | ||
REVENUES | ||
Total revenues | $ 60,642 | $ 56,097 |
Real estate services | ||
REVENUES | ||
Total revenues | 922 | 911 |
Parking income | ||
REVENUES | ||
Total revenues | 3,745 | 3,728 |
Other income | ||
REVENUES | ||
Total revenues | $ 2,031 | $ 1,862 |
VERIS RESIDENTIAL, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
---|---|---|
Rental property | ||
Land and leasehold interests | $ 463,826 | $ 474,499 |
Buildings and improvements | 2,633,849 | 2,782,468 |
Tenant improvements | 8,391 | 30,908 |
Furniture, fixtures and equipment | 105,668 | 103,613 |
Gross investment in rental property | 3,211,734 | 3,391,488 |
Less – accumulated depreciation and amortization | (372,241) | (443,781) |
Total investment in rental property | 2,839,493 | 2,947,707 |
Real estate held for sale, net | 66,975 | 58,608 |
Net investment in rental property | 2,906,468 | 3,006,315 |
Cash and cash equivalents | 112,701 | 28,007 |
Restricted cash | 25,649 | 26,572 |
Investments in unconsolidated joint ventures | 118,830 | 117,954 |
Unbilled rents receivable, net | 1,542 | 5,500 |
Deferred charges and other assets, net | 45,999 | 53,956 |
Accounts receivable | 1,671 | 2,742 |
Total assets | 3,212,860 | 3,241,046 |
LIABILITIES AND EQUITY | ||
Mortgages, loans payable and other obligations, net | 1,853,149 | 1,853,897 |
Dividends and distributions payable | 5,642 | 5,540 |
Accounts payable, accrued expenses and other liabilities | 53,839 | 55,492 |
Rents received in advance and security deposits | 12,234 | 14,985 |
Accrued interest payable | 6,486 | 6,580 |
Total liabilities | 1,931,350 | 1,936,494 |
Commitments and contingencies | ||
Redeemable noncontrolling interests | 9,294 | 24,999 |
Veris Residential, Inc. stockholders’ equity: | ||
Common stock, $0.01 par value, 190,000,000 shares authorized, 92,385,167 and 92,229,424 shares outstanding | 924 | 922 |
Additional paid-in capital | 2,555,700 | 2,553,060 |
Dividends in excess of net earnings | (1,427,199) | (1,418,312) |
Accumulated other comprehensive income | 2,806 | 1,808 |
Total Veris Residential, Inc. stockholders’ equity | 1,132,231 | 1,137,478 |
Noncontrolling interests in subsidiaries: | ||
Operating Partnership | 106,544 | 107,206 |
Consolidated joint ventures | 33,441 | 34,869 |
Total noncontrolling interests in subsidiaries | 139,985 | 142,075 |
Total equity | 1,272,216 | 1,279,553 |
Total liabilities and equity | $ 3,212,860 | $ 3,241,046 |
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration] | Accounts payable, accrued expenses and other liabilities | Accounts payable, accrued expenses and other liabilities |