VRE Veris Residential Inc

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

Price (delayed)

$16.04

Market cap

$1.49B

P/E Ratio

N/A

Dividend/share

$0.21

EPS

-$0.67

Enterprise value

$3.14B

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 is up by 49% year-on-year and by 35% since the previous quarter
Veris Residential's EPS has increased by 49% YoY and by 33% from the previous quarter
VRE's gross margin is down by 3.5% YoY
Sector: Real Estate
Industry: REIT - Residential
Website: http://www.mack-cali.com
Peers: MGRC

Key stats

What are the main financial stats of VRE
Market
Shares outstanding
92.89M
Market cap
$1.49B
Enterprise value
$3.14B
Valuations
Price to earnings (P/E)
N/A
Price to book (P/B)
1.2
Price to sales (P/S)
5.82
EV/EBIT
108.19
EV/EBITDA
27.11
EV/Sales
11.23
Earnings
Revenue
$279.21M
EBIT
$28.99M
EBITDA
$115.68M
Free cash flow
$134.08M
Per share
EPS
-$0.67
Free cash flow per share
$1.32
Book value per share
$13.38
Revenue per share
$2.75
TBVPS
$29.97
Balance sheet
Total assets
$3.04B
Total liabilities
$1.76B
Debt
$1.69B
Equity
$1.24B
Working capital
N/A
Liquidity
Debt to equity
1.36
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
14.23
Margins
EBITDA margin
41.4%
Gross margin
55.5%
Net margin
-21.7%
Operating margin
-7%
Efficiency
Return on assets
-1.9%
Return on equity
-5.1%
Return on invested capital
0.6%
Return on capital employed
N/A
Return on sales
10.4%
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
3.02%
1 week
3.02%
1 month
9.86%
1 year
-2.37%
YTD
1.97%
QTD
6.93%

Financial performance

How have Veris Residential's revenue and profit performed over time
Revenue
$279.21M
Gross profit
$155.06M
Operating income
-$19.43M
Net income
-$60.56M
Gross margin
55.5%
Net margin
-21.7%
VRE's net margin has surged by 53% year-on-year and by 36% since the previous quarter
The net income is up by 49% year-on-year and by 35% since the previous quarter
The operating margin has grown by 19% from the previous quarter
The operating income has increased by 18% QoQ

Growth

What is Veris Residential's growth rate over time

Valuation

What is Veris Residential stock price valuation
VRE P/E details
P/E
N/A
P/B
1.2
P/S
5.82
EV/EBIT
108.19
EV/EBITDA
27.11
EV/Sales
11.23
Veris Residential's EPS has increased by 49% YoY and by 33% from the previous quarter
The equity has increased by 9% QoQ and by 3.5% YoY
VRE's P/B is 5% above its 5-year quarterly average of 1.1 but 3.3% below its last 4 quarters average of 1.2
Veris Residential's revenue has increased by 9% YoY
VRE's P/S is 4.6% higher than its last 4 quarters average of 5.4 but 4.2% lower than its 5-year quarterly average of 5.9

Efficiency

How efficient is Veris Residential business performance
The company's return on invested capital has surged by 200% YoY
Veris Residential's ROS has soared by 175% YoY
The company's return on equity rose by 48% YoY and by 36% QoQ
Veris Residential's ROA has increased by 37% YoY and by 32% from the previous quarter

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 73% more than the total liabilities
The total liabilities has contracted by 26% YoY and by 9% from the previous quarter
The total assets has decreased by 19% YoY and by 5% from the previous quarter
VRE's debt is 36% greater than its equity
VRE's debt to equity is down by 17% since the previous quarter and by 11% year-on-year
VRE's debt is down by 9% since the previous quarter and by 7% year-on-year

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