VRE Veris Residential Inc

Price (delayed)

$15.51

Market cap

$1.44B

P/E Ratio

N/A

Dividend/share

$0.21

EPS

-$1

Enterprise value

$3.15B

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 gross profit has grown by 14% YoY
Veris Residential's revenue has increased by 14% YoY
The net income is down by 45% year-on-year but it is up by 15% since the previous quarter
Veris Residential's EPS has decreased by 30% YoY but it has increased by 18% from the previous quarter
The equity has decreased by 7% YoY

Key stats

What are the main financial stats of VRE
Market
Shares outstanding
92.58M
Market cap
$1.44B
Enterprise value
$3.15B
Valuations
Price to book (P/B)
1.26
Price to sales (P/S)
5.1
EV/EBIT
N/A
EV/EBITDA
35.81
EV/Sales
11.23
Earnings
Revenue
$280.47M
EBIT
-$1.8M
EBITDA
$87.99M
Free cash flow
$55.23M
Per share
EPS
-$1
Free cash flow per share
$0.6
Book value per share
$12.28
Revenue per share
$3.04
TBVPS
$34.82
Balance sheet
Total assets
$3.21B
Total liabilities
$1.93B
Debt
$1.85B
Equity
$1.13B
Working capital
N/A
Liquidity
Debt to equity
1.64
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
19.49
Margins
EBITDA margin
31.4%
Gross margin
55.6%
Net margin
-32.5%
Operating margin
-8.9%
Efficiency
Return on assets
-2.7%
Return on equity
-7.9%
Return on invested capital
0%
Return on capital employed
N/A
Return on sales
-0.6%
Dividend
Dividend yield
1.37%
DPS
$0.21
Payout ratio
N/A

VRE stock price

How has the Veris Residential stock price performed over time
Intraday
-0.77%
1 week
4.87%
1 month
3.4%
1 year
-7.57%
YTD
-1.4%
QTD
3.4%

Financial performance

How have Veris Residential's revenue and profit performed over time
Revenue
$280.47M
Gross profit
$155.94M
Operating income
-$24.96M
Net income
-$91.2M
Gross margin
55.6%
Net margin
-32.5%
The operating income has shrunk by 81% YoY but it has increased by 18% QoQ
The operating margin has plunged by 59% YoY but it has grown by 18% from the previous quarter
The net income is down by 45% year-on-year but it is up by 15% since the previous quarter
VRE's net margin is down by 27% year-on-year but it is up by 15% 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
1.26
P/S
5.1
EV/EBIT
N/A
EV/EBITDA
35.81
EV/Sales
11.23
Veris Residential's EPS has decreased by 30% YoY but it has increased by 18% from the previous quarter
VRE's P/B is 15% above its 5-year quarterly average of 1.1 but 3.1% below its last 4 quarters average of 1.3
The equity has decreased by 7% YoY
VRE's P/S is 14% lower than its 5-year quarterly average of 5.9 and 6% lower than its last 4 quarters average of 5.4
Veris Residential's revenue has increased by 14% YoY

Efficiency

How efficient is Veris Residential business performance
Veris Residential's ROS has plunged by 111% YoY but it has soared by 90% from the previous quarter
The company's return on invested capital has surged by 100% QoQ but it has shrunk by 100% YoY
Veris Residential's ROA has plunged by 80% YoY but it has increased by 10% from the previous quarter
The company's return on equity has shrunk by 55% YoY but it rose by 13% QoQ

Dividends

What is VRE's dividend
DPS
$0.21
Dividend yield
1.37%
Payout ratio
N/A

Financial health

How did Veris Residential financials performed over time
The total assets is 66% more than the total liabilities
The total assets has decreased by 15% YoY
VRE's debt is 64% greater than its equity
VRE's debt to equity is up by 9% year-on-year
The equity has decreased by 7% YoY

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