VRE

Veris Residential Inc

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Advanced Chart

14.650

+0.3(2.091%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

14.695

Open

14.490

VWAP

Vol

467.12K

Mkt Cap

1.37B

Low

14.370

Amount

EV/EBITDA(TTM)

72.68

Total Shares

92.75M

3.28B

EV/OCF(TTM)

50.35

P/S(TTM)

4.99

Veris Residential, Inc. is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company owns, operates, and develops Class A multifamily rental properties located primarily in the Northeast, as well as a portfolio of non-strategic land and commercial assets. It operates through two segments: multifamily real estate and services and commercial and other real estate. The Company provides property management, leasing, acquisition, development, construction and tenant-related services for its multifamily real estate portfolio and commercial and other real estate located in the United States. The Company owns and has interests in 21 multifamily rental properties as well as non-strategic assets comprised of three parking/retail properties, and developable land. It seeks to own a portfolio comprised primarily of Class A multifamily properties with premium amenities and offerings, including facilities such as clubrooms and lounges, among others.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2026Q1

FY2025Q4

FY2025Q3

62.35M

-7.97%

72.75M

+6.86%

72.19M

+5.88%

Estimates Revision

The market is revising Upward the revenue expectations for Veris Residential, Inc. (VRE) for FY2025, with the revenue forecasts being adjusted by 5.28% over the past three months. During the same period, the stock price has changed by -5.61%.

Revenue Estimates for FY2025

Revise Upward

+5.28%

In Past 3 Month

Stock Price

Go Down

-5.61%

In Past 3 Month

4 Analyst Rating

35.70% Upside

Wall Street analysts forecast VRE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VRE is 19.88 USD with a low forecast of 16.00 USD and a high forecast of 26.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

2 Buy

2 Hold

0 Sell

Moderate Buy

35.70% Upside

Current: 14.650

Low

16.00

Averages

19.88

High

26.00

35.70% Upside

Current: 14.650

Low

16.00

Averages

19.88

High

26.00

BTIG

Buy

downgrade

$26 -> $22

2025-07-23

Reason

BTIG

Price Target

$26 -> $22

2025-07-23

downgrade

Buy

Reason

BTIG lowered the firm's price target on Veris Residential to $22 from $26 and keeps a Buy rating on the shares. The firm's updated estimates incorporate Q1 results, the recent sale of Signature Place, and credit facility amendment, the analyst tells investors in a research note. While ample dry powder remains on the sidelines awaiting allocation into multifamily, BTIG notes the return thresholds of the underlying funds skew toward the value-add and opportunistic side of the investment spectrum.

Evercore ISI

In Line

downgrade

$18

2025-04-24

Reason

Evercore ISI

Price Target

$18

2025-04-24

downgrade

In Line

Reason

Evercore ISI lowered the firm's price target on Veris Residential to $17.50 from $18 and keeps an In Line rating on the shares. The firm notes that Veris posted solid Q1 results, with the upside being driven by a timing difference in the Urby tax credit which got pulled forward from Q2 to Q1. While revenue growth slowed to 2.4% in Q1, the company did mention on the conference call that its blended leasing spreads accelerated throughout the quarter and continued to grow from 4.0% in March to a healthy 4.8% in April versus just 2.4% for all of Q1. Evercore stays on the sidelines until it gets more clarity around monetization opportunities.

Truist Securities

Michael Lewis

Hold

Maintains

$16 → $17

2025-03-10

Reason

Truist Securities

Michael Lewis

Price Target

$16 → $17

2025-03-10

Maintains

Hold

Reason

Truist raised the firm's price target on Veris Residential to $17 from $16 and keeps a Hold rating on the shares. The firm updated apartment real estate investment trust models to reflect the Q4 reports. The net results are small increases to 2025 normalized funds from operations estimates, small decreases to 2026 estimates, and modest increases to our 12- month price targets, the analyst tells investors in a research note.

Evercore ISI Group

Steve Sakwa

Buy

Hold

Downgrades

$20 → $18

2025-02-26

Reason

Evercore ISI Group

Steve Sakwa

Price Target

$20 → $18

2025-02-26

Downgrades

Buy

Hold

Reason

Evercore ISI downgraded Veris Residential to In Line from Outperform with a price target of $18, down from $20. The company's Q4 results were in-line but the bigger news was its acknowledgement that a full monetization event would be difficult in today's capital markets environment, the analyst tells investors in a research note. The firm says that as a result, Veris is embarking on a more tactical asset sale program that includes parts of its land bank along with a few operating assets totaling $300M to $500M while simultaneously instituting a $100M buyback program. Evercore does not believe the shares will materially outperform peers given this delay in the full monetization process.

JP Morgan

Anthony Paolone

Sell

Hold

Upgrades

$14 → $17

2024-12-17

Reason

JP Morgan

Anthony Paolone

Price Target

$14 → $17

2024-12-17

Upgrades

Sell

Hold

Reason

JPMorgan analyst Anthony Paolone upgraded Veris Residential to Neutral from Underweight with a price target of $17, up from $14. While leverage remains elevated with Veris, JPMorgan likes the steps the company has taken to simplify its story in becoming a pure-play multifamily real estate investment trust, the analyst tells investors in a research note. The firm also thinks the company may have some of the best pricing power in the multifamily space as its rent-to-income ratio currently sits at 12%, the lowest among its peer group, despite it catering to the New York City metro.

B of A Securities

Jeffrey Spector

Hold

Strong Buy

Upgrades

$20 → $23

2024-11-12

Reason

B of A Securities

Jeffrey Spector

Price Target

$20 → $23

2024-11-12

Upgrades

Hold

Strong Buy

Reason

BofA upgraded Veris Residential to Buy from Neutral with a price target of $23, up from $20.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Veris Residential Inc (VRE.N) is -71.64, compared to its 5-year average forward P/E of -30.66. For a more detailed relative valuation and DCF analysis to assess Veris Residential Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

-30.66

Current PE

-71.64

Overvalued PE

-17.99

Undervalued PE

-43.32

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Fair

5Y Average EV/EBITDA

31.89

Current EV/EBITDA

23.09

Overvalued EV/EBITDA

41.60

Undervalued EV/EBITDA

22.19

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

4.87

Current PS

4.94

Overvalued PS

5.70

Undervalued PS

4.04