Veris Residential Financials

VRE Stock  USD 18.43  0.04  0.22%   
Based on the analysis of Veris Residential's profitability, liquidity, and operating efficiency, Veris Residential may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. At present, Veris Residential's Short and Long Term Debt Total is projected to increase significantly based on the last few years of reporting. The current year's Total Stockholder Equity is expected to grow to about 1.5 B, whereas Non Currrent Assets Other are projected to grow to (2.9 B). Key indicators impacting Veris Residential's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio1.061.6298
Way Down
Slightly volatile
Current Ratio38.6436.8031
Sufficiently Up
Pretty Stable
The essential information of the day-to-day investment outlook for Veris Residential includes many different criteria found on its balance sheet. An individual investor should monitor Veris Residential's cash flow, debt, and profitability to accurately make informed decisions on whether to invest in Veris Residential.

Cash And Equivalents

33.26 Million

  
Understanding current and past Veris Residential Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Veris Residential's financial statements are interrelated, with each one affecting the others. For example, an increase in Veris Residential's assets may result in an increase in income on the income statement.
Please note, the presentation of Veris Residential's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Veris Residential's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Veris Residential's management manipulating its earnings.

Veris Residential Stock Summary

Veris Residential competes with Urban Edge, Site Centers, JBG SMITH, and Nexpoint Residential. Veris Residential, Inc. is a forward-thinking, environmentally- and socially-conscious real estate investment trust that primarily owns, operates, acquires, and develops holistically-inspired, Class A multifamily properties that meet the sustainability-conscious lifestyle needs of todays residents while seeking to positively impact the communities it serves and the planet at large. For additional information on Veris Residential, Inc. and our properties available for lease, please visit httpwww.verisresidential.com. Veris Residential operates under REITResidential classification in the United States and is traded on New York Stock Exchange. It employs 234 people.
Specialization
Real Estate, Real Estate Management & Development
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
ISINUS5544891048
CUSIP554489104 129909107
LocationNew Jersey; U.S.A
Business AddressHarborside 3, 210
SectorReal Estate Management & Development
IndustryReal Estate
BenchmarkDow Jones Industrial
Websitewww.verisresidential.com
Phone732 590 1010
CurrencyUSD - US Dollar

Veris Residential Key Financial Ratios

Veris Residential Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets5.3B5.1B4.5B3.9B3.2B4.2B
Net Debt2.8B2.8B2.4B1.9B1.8B2.0B
Other Assets88.5M65.6M462.5M90.0M(2.9B)(2.7B)
Net Receivables102.9M95.5M78.7M42.7M7.5M7.2M
Total Liab3.1B3.0B2.6B2.0B1.9B2.3B
Total Current Assets1.1B840.7M744.7M284.2M3.0B3.2B
Other Current Liab32.5M11.5M(190.2M)(137.8M)(618.6M)(587.6M)
Accounts Payable209.5M194.7M135.0M72.0M55.5M108.9M
Cash25.6M38.1M31.8M26.8M28.0M41.9M
Common Stock906K907K909K911K922K815.7K
Retained Earnings(1.0B)(1.1B)(1.2B)(1.3B)(1.4B)(1.3B)
Other Current Assets15.6M50.2M15.7M20.9M119.6M129.4M
Inventory966.5M657.0M618.6M193.9M58.6M55.7M
Short Term Debt329M25M148M145.0M315.3M289.5M
Intangible Assets86.1M71.6M42.2M12.3M10.0M9.5M
Long Term Debt2.8B2.8B2.2B1.9B1.9B2.0B
Long Term Debt Total2.8B2.8B2.2B1.9B1.7B2.0B
Capital Surpluse2.5B2.5B2.5B2.5B2.3B2.0B
Cash And Equivalents25.6M38.1M31.8M26.8M30.8M33.3M
Other Liab39.5M34.1M26.4M22.9M20.6M27.8M
Net Tangible Assets1.4B1.3B1.8B1.8B2.0B1.7B
Net Invested Capital4.3B4.2B3.7B3.1B3.0B3.1B
Net Working Capital904.1M600.4M462.1M183.3M38.9M36.9M

Veris Residential Key Income Statement Accounts

201920202021202220232024 (projected)
Interest Expense90.6M81.0M65.2M78.0M139.1M109.1M
Total Revenue350.9M313.6M329.3M355.0M279.9M265.9M
Gross Profit203.5M172.2M181.9M193.7M157.0M284.8M
Operating Income26.6M(23.6M)9.4M27.9M28.9M27.4M
Ebit26.6M(242.4M)(204.4M)(116.9M)11.3M10.8M
Ebitda158.6M94.7M121.0M139.4M104.9M99.7M
Net Income8.8M(132.2M)(195.5M)(112.2M)(107.3M)(101.9M)
Income Tax Expense243.7M16.7M46.4M78.0M492K467.4K
Income Before Tax252.6M(115.5M)(149.0M)(34.1M)(156.7M)(148.9M)
Cost Of Revenue147.4M141.4M147.4M161.3M122.8M179.4M
Interest Income2.4M43K524K729K5.5M6.9M
Net Interest Income(88.2M)(80.9M)(64.7M)(77.3M)(133.6M)(140.3M)
Extraordinary Items(98.5M)74.0M35.9M(676K)(777.4K)(738.5K)
Minority Interest(32.0M)(17.8M)5.9M17.3M5.1M5.4M

Veris Residential Key Cash Accounts

201920202021202220232024 (projected)
Change In Cash(8.4M)11.1M(847K)(3.8M)6.9M7.3M
Free Cash Flow131.8M85.4M56.1M66.5M45.5M47.8M
Depreciation128.1M118.3M108.8M111.4M93.5M136.0M
Other Non Cash Items(10.1M)3.5M(34.7M)(11.3M)43.0M45.1M
Dividends Paid102.6M60.5M475K61K5.1M4.9M
Capital Expenditures1.2B451.4M65.1M130.5M12.5M11.8M
Net Income252.6M(115.5M)(109.5M)(34.9M)(112.4M)(106.7M)
End Period Cash Flow41.2M52.3M51.5M47.6M54.6M62.3M
Change To Inventory(6.3M)(1.3M)(6.7M)2.9M2.6M2.7M
Investments3.7M75.6M25.5M23.6M595.0M624.7M
Net Borrowings259.0M(9.0M)(326.0M)(159.2M)(143.3M)(136.1M)
Change To Netincome(91.3M)34.2M68.8M2.3M2.7M2.6M

Veris Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Veris Residential's current stock value. Our valuation model uses many indicators to compare Veris Residential value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Veris Residential competition to find correlations between indicators driving Veris Residential's intrinsic value. More Info.
Veris Residential is rated fifth in return on equity category among its peers. It is rated fifth in return on asset category among its peers . At present, Veris Residential's Return On Equity is projected to slightly decrease based on the last few years of reporting. Comparative valuation analysis is a catch-all technique that is used if you cannot value Veris Residential by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Veris Residential Systematic Risk

Veris Residential's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Veris Residential volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on Veris Residential correlated with the market. If Beta is less than 0 Veris Residential generally moves in the opposite direction as compared to the market. If Veris Residential Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Veris Residential is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Veris Residential is generally in the same direction as the market. If Beta > 1 Veris Residential moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in Veris Residential Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Veris Residential's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Veris Residential growth as a starting point in their analysis.

Price Earnings To Growth Ratio

17.4

At present, Veris Residential's Price Earnings To Growth Ratio is projected to increase based on the last few years of reporting.

Veris Residential November 23, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Veris Residential help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Veris Residential. We use our internally-developed statistical techniques to arrive at the intrinsic value of Veris Residential based on widely used predictive technical indicators. In general, we focus on analyzing Veris Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Veris Residential's daily price indicators and compare them against related drivers.

Complementary Tools for Veris Stock analysis

When running Veris Residential's price analysis, check to measure Veris Residential's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Veris Residential is operating at the current time. Most of Veris Residential's value examination focuses on studying past and present price action to predict the probability of Veris Residential's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Veris Residential's price. Additionally, you may evaluate how the addition of Veris Residential to your portfolios can decrease your overall portfolio volatility.
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