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Veris Residential (VRE)

(Real Time Quote from BATS)

$14.99 USD

14.99
278,965

+0.15 (1.01%)

Updated Jun 28, 2024 02:50 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.08%
2Buy17.91%
3Hold9.44%
4Sell5.10%
5Strong Sell2.55%
S&P50011.04%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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F Value B Growth A Momentum C VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 38% (94 out of 250)

Industry: REIT and Equity Trust - Residential

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Balance Sheet

Research for VRE

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Veris Residential, Inc falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 55 48 51 52 41
Receivables 8 43 75 94 103
Notes Receivable 0 0 0 0 0
Inventories 0 0 0 0 0
Other Current Assets 0 0 0 0 0
Total Current Assets 63 90 126 147 144
Net Property & Equipment 0 0 0 0 0
Investments & Advances 3,124 3,734 4,250 4,802 4,874
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 54 96 151 200 275
Intangibles 0 0 0 0 0
Deposits & Other Assets 0 0 0 0 0
Total Assets 3,241 3,921 4,527 5,148 5,293
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 55 72 135 195 210
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 7 7 6 10 10
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 0 0 0 0 0
Total Current Liabilities 62 79 141 205 220
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 1,854 1,904 2,389 2,802 2,809
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 21 23 27 36 62
Minority Interest (Liabilities) 25 515 521 513 503
Total Liabilities 1,961 2,521 3,078 3,555 3,593
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 1 1 1 1 1
Capital Surplus 2,553 2,532 2,530 2,528 2,535
Retained Earnings 0 0 0 0 0
Other Equity -1,274 -1,134 -1,082 -937 -837
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 1,280 1,399 1,449 1,592 1,699
Total Liabilities & Shareholder's Equity 3,241 3,921 4,527 5,148 5,293
Total Common Equity 1,280 1,399 1,449 1,592 1,699
Shares Outstanding 92.20 91.00 90.90 90.70 90.50
Book Value Per Share 13.88 15.38 15.95 17.56 18.78

Fiscal Year End for Veris Residential, Inc falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents 138 55 41 425 57
Receivables 3 8 9 12 46
Notes Receivable 0 0 0 0 0
Inventories 0 0 0 0 0
Other Current Assets 0 0 0 0 0
Total Current Assets 142 63 50 437 103
Net Property & Equipment 0 0 0 0 0
Investments & Advances 3,025 3,124 3,219 3,277 3,610
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 46 54 61 59 88
Intangibles 0 0 0 0 0
Deposits & Other Assets 0 0 0 0 0
Total Assets 3,213 3,241 3,330 3,773 3,801
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable 0 0 0 0 0
Accounts Payable 54 55 58 53 56
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 6 7 7 7 7
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 0 0 0 0 0
Total Current Liabilities 60 62 65 60 63
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 1,853 1,854 1,913 1,821 1,821
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 18 21 16 23
Minority Interest (Liabilities) 9 25 40 528 520
Total Liabilities 1,941 1,961 2,039 2,425 2,427
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock 0 0 0 0 0
Common Stock (Par) 1 1 1 1 1
Capital Surplus 2,556 2,553 2,551 2,540 2,534
Retained Earnings 0 0 0 0 0
Other Equity -1,284 -1,274 -1,261 -1,193 -1,161
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 1,272 1,280 1,291 1,348 1,374
Total Liabilities & Shareholder's Equity 3,213 3,241 3,330 3,773 3,801
Total Common Equity 1,272 1,280 1,291 1,348 1,374
Shares Outstanding 92.50 92.20 92.20 92.00 91.60
Book Value Per Share 13.75 13.88 14.00 14.65 15.00