Veris Residential, Inc. (VRE)
Company Info
| ISIN | US5544891048 |
|---|---|
| CUSIP | 554489104 |
| Sector | Real Estate |
| Industry | REIT - Residential |
| IPO Date | Aug 25, 1994 |
Highlights
| Market Cap | $2.01B |
|---|---|
| EPS (TTM) | -$0.67 |
| Total Revenue (TTM) | $275.91M |
| Gross Profit (TTM) | $119.24M |
| EBITDA (TTM) | $116.83M |
| Year Range | $13.09 - $18.70 |
| Target Price | $19.10 |
| Short % | 7.42% |
| Short Ratio | 13.76 |
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: VRE vs. VDY.TO, VRE vs. ZRE.TO, VRE vs. VNQ, VRE vs. BRT, VRE vs. XIC.TO, VRE vs. VCE.TO, VRE vs. XRE.TO, VRE vs. VOO, VRE vs. VFV.TO
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Veris Residential, Inc., comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Veris Residential, Inc. had a return of 19.49% year-to-date (YTD) and 35.28% in the last 12 months. Over the past 10 years, Veris Residential, Inc. had an annualized return of 1.83%, while the S&P 500 had an annualized return of 11.39%, indicating that Veris Residential, Inc. did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 19.49% | 25.48% |
| 1 month | 7.09% | 2.14% |
| 6 months | 20.60% | 12.76% |
| 1 year | 35.28% | 33.14% |
| 5 years (annualized) | -1.67% | 13.96% |
| 10 years (annualized) | 1.83% | 11.39% |
Monthly Returns
The table below presents the monthly returns of VRE, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -3.05% | -4.26% | 4.18% | -4.92% | 6.11% | -1.90% | 5.15% | 11.65% | 2.23% | -7.78% | 19.49% | ||
| 2023 | 8.60% | -6.70% | -9.29% | 11.68% | -1.16% | -0.68% | 16.39% | -0.37% | -11.07% | -18.85% | 8.21% | 8.92% | -0.63% |
| 2022 | -10.23% | 2.42% | 2.90% | -7.94% | 0.50% | -17.71% | 5.36% | -3.66% | -15.40% | 39.23% | 1.45% | -0.81% | -13.33% |
| 2021 | 2.17% | 9.74% | 10.81% | 5.69% | 4.34% | 0.47% | 4.96% | -0.67% | -4.25% | 6.25% | -8.14% | 9.99% | 47.51% |
| 2020 | -4.23% | -13.57% | -19.76% | 7.72% | -6.05% | 0.53% | -4.35% | -12.41% | -0.08% | -12.92% | 24.29% | -8.78% | -44.16% |
| 2019 | 6.24% | 1.99% | 5.66% | 5.82% | -2.41% | 2.51% | 2.99% | -14.34% | 6.33% | -0.17% | -0.14% | 8.14% | 22.57% |
| 2018 | -6.04% | -15.84% | -1.07% | 4.02% | 15.14% | 2.58% | -3.04% | 12.17% | -2.66% | -3.61% | 6.70% | -9.56% | -5.34% |
| 2017 | -2.94% | 4.03% | -7.58% | 0.97% | -1.63% | 1.99% | -2.60% | -12.77% | 3.58% | -3.15% | -2.81% | -2.58% | -23.70% |
| 2016 | -10.39% | -4.28% | 18.09% | 9.46% | 2.66% | 2.90% | 5.03% | -1.56% | -1.95% | -5.13% | 5.34% | 7.28% | 27.29% |
| 2015 | 3.17% | -3.59% | 2.50% | -6.17% | -5.85% | 9.05% | 14.00% | -10.12% | 0.80% | 16.18% | 8.00% | -0.64% | 26.47% |
| 2014 | -4.49% | 9.99% | -6.56% | -0.59% | 6.77% | -1.24% | -1.08% | 0.19% | -9.60% | -1.21% | 2.62% | -0.83% | -7.32% |
| 2013 | 5.89% | 4.45% | 0.81% | -1.37% | -4.57% | -7.58% | -0.54% | -10.22% | 1.57% | -4.99% | -0.97% | 5.50% | -12.69% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of VRE is 79, placing it in the top 21% of stocks on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Veris Residential, Inc. (VRE) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Veris Residential, Inc. provided a 1.26% dividend yield over the last twelve months, with an annual payout of $0.24 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.24 | $0.10 | $0.00 | $0.00 | $0.60 | $0.80 | $0.80 | $0.70 | $0.60 | $0.60 | $0.90 | $1.50 |
Dividend yield | 1.26% | 0.65% | 0.00% | 0.00% | 4.82% | 3.46% | 4.08% | 3.25% | 2.07% | 2.57% | 4.72% | 6.98% |
Monthly Dividends
The table displays the monthly dividend distributions for Veris Residential, Inc.. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.00 | $0.07 | $0.00 | $0.00 | $0.18 | |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.10 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.20 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.60 |
| 2019 | $0.20 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.80 |
| 2018 | $0.20 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.80 |
| 2017 | $0.15 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.70 |
| 2016 | $0.15 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.60 |
| 2015 | $0.15 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.60 |
| 2014 | $0.30 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.90 |
| 2013 | $0.45 | $0.00 | $0.00 | $0.45 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $1.50 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Veris Residential, Inc.. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Veris Residential, Inc. was 71.48%, occurring on Nov 20, 2008. The portfolio has not yet recovered.
The current Veris Residential, Inc. drawdown is 33.63%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -71.48% | Jan 30, 2007 | 459 | Nov 20, 2008 | — | — | — |
| -37.69% | Oct 3, 1997 | 556 | Dec 16, 1999 | 453 | Oct 9, 2001 | 1009 |
| -22.3% | Apr 2, 2004 | 27 | May 11, 2004 | 76 | Aug 30, 2004 | 103 |
| -19.48% | Apr 15, 2002 | 71 | Jul 24, 2002 | 199 | May 8, 2003 | 270 |
| -16.39% | Mar 12, 1997 | 51 | May 22, 1997 | 40 | Jul 21, 1997 | 91 |
Volatility
Volatility Chart
The current Veris Residential, Inc. volatility is 8.44%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Financials
Financial Performance
Historical P/E Ratio Chart
The chart below displays the historical trend of the price-to-earnings (P/E) ratio for Veris Residential, Inc..
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Income Statement
| TTM | |
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| Revenue | |
Total Revenue | — |
Cost Of Revenue | — |
Gross Profit | — |
| Operating Expenses | |
Selling, General & Admin Expenses | — |
R&D Expenses | — |
Depreciation And Amortization | — |
Total Operating Expenses | — |
| Income | |
Income Before Tax | — |
Operating Income | — |
EBITDA | — |
EBIT | — |
Earnings From Continuing Operations | — |
Net Income | — |
Income Tax Expense | — |
Other Non-Operating Income (Expenses) | — |
Extraordinary Items | — |
Discontinued Operations | — |
Effect Of Accounting Charges | — |
Non Recurring | — |
Minority Interest | — |
Other Items | — |
Interest Income | — |
Interest Expense | — |
Net Interest Income | — |