VRE Veris Residential Inc

  1. Stocks
  2. Real Estate
  3. NYSE: VRE

Price (delayed)

$14.33

Market cap

$1.31B

P/E Ratio

N/A

Dividend/share

N/A

EPS

-$0.63

Enterprise value

$3.16B

One of the country's leading real estate investment trusts (REITs), Mack-Cali Realty Corporation is an owner, manager and developer of premier office and multifamily properties in select waterfront and transit-oriented ...

Highlights
The net income has soared by 56% year-on-year and by 53% since the previous quarter
Veris Residential's EPS has soared by 55% YoY and by 51% from the previous quarter
The gross profit has grown by 9% YoY but it has contracted by 4.1% from the previous quarter
The equity has decreased by 3.6% YoY but it has increased by 2.8% QoQ
VRE's gross margin is down by 3.4% from the previous quarter
Sector: Real Estate
Industry: REIT - Residential
Website: http://www.mack-cali.com
Peers: PDM PEB

Key stats

What are the main financial stats of VRE
Market
Shares outstanding
91.16M
Market cap
$1.31B
Enterprise value
$3.16B
Valuations
Price to earnings (P/E)
N/A
Price to book (P/B)
1.06
Price to sales (P/S)
3.67
EV/EBIT
121.76
EV/EBITDA
23.02
EV/Sales
8.91
Earnings
Revenue
$355.02M
EBIT
$25.97M
EBITDA
$137.37M
Free cash flow
$263.15M
Per share
EPS
-$0.63
Free cash flow per share
$2.89
Book value per share
$13.57
Revenue per share
$3.9
TBVPS
$43.06
Balance sheet
Total assets
$3.92B
Total liabilities
$2.01B
Debt
$1.9B
Equity
$1.24B
Working capital
N/A
Liquidity
Debt to equity
1.54
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
13.51
Margins
EBITDA margin
38.7%
Gross margin
54.6%
Net margin
-14.7%
Operating margin
-23%
Efficiency
Return on assets
-1.2%
Return on equity
-4.2%
Return on invested capital
0.4%
Return on capital employed
N/A
Return on sales
7.3%
Dividend
Dividend yield
N/A
DPS
N/A
Payout ratio
N/A

VRE stock price

How has the Veris Residential stock price performed over time
Intraday
-2.78%
1 week
-8.73%
1 month
-14.14%
1 year
-15.51%
YTD
-10.04%
QTD
-10.04%

Financial performance

How have Veris Residential's revenue and profit performed over time
Revenue
$355.02M
Gross profit
$193.69M
Operating income
-$81.65M
Net income
-$52.07M
Gross margin
54.6%
Net margin
-14.7%
The operating income has shrunk by 108% YoY but it has increased by 3.7% QoQ
The operating margin has plunged by 90% YoY but it has grown by 3% from the previous quarter
VRE's net margin has surged by 60% year-on-year and by 52% since the previous quarter
The net income has soared by 56% year-on-year and by 53% since the previous quarter

Growth

What is Veris Residential's growth rate over time

Valuation

What is Veris Residential stock price valuation
P/E
N/A
P/B
1.06
P/S
3.67
EV/EBIT
121.76
EV/EBITDA
23.02
EV/Sales
8.91
Veris Residential's EPS has soared by 55% YoY and by 51% from the previous quarter
VRE's P/B is 3.6% below its 5-year quarterly average of 1.1 and 3.6% below its last 4 quarters average of 1.1
The equity has decreased by 3.6% YoY but it has increased by 2.8% QoQ
VRE's P/S is 24% lower than its 5-year quarterly average of 4.8 and 3.4% lower than its last 4 quarters average of 3.8
Veris Residential's revenue has increased by 10% YoY

Efficiency

How efficient is Veris Residential business performance
The company's return on invested capital has surged by 167% QoQ and by 150% YoY
Veris Residential's ROS has soared by 166% from the previous quarter and by 144% YoY
The company's return on equity has surged by 53% YoY and by 52% QoQ
Veris Residential's ROA has soared by 52% from the previous quarter and by 52% YoY

Dividends

What is VRE's dividend history
DPS
N/A
Dividend yield
N/A
Payout ratio
N/A
Recent dividends

Financial health

How did Veris Residential financials performed over time
The total assets is 95% more than the total liabilities
The total liabilities has contracted by 22% YoY and by 16% from the previous quarter
The total assets has decreased by 13% YoY and by 8% from the previous quarter
VRE's debt is 54% greater than its equity
VRE's debt is down by 20% year-on-year and by 16% since the previous quarter
VRE's debt to equity is down by 19% since the previous quarter and by 17% year-on-year

All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise specified.