Veris Residential, Inc.

VRE

US5544891048

Residential REITs

Market Closed - Nyse Other stock markets 04:00:02 2024-04-26 pm EDT			5-day change	1st Jan Change
14.54 ^USD	-0.75%		+0.76%	-7.57%

Apr. 25	Transcript : Veris Residential, Inc., Q1 2024 Earnings Call, Apr 25, 2024
Apr. 24	Earnings Flash (VRE) VERIS RESIDENTIAL Posts Q1 Revenue $67.3M	MT

Veris Residential, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023

February 21, 2024 at 04:04 pm EST

Veris Residential, Inc. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported sales was USD 252.14 million compared to USD 206.05 million a year ago. Revenue was USD 279.86 million compared to USD 233.45 million a year ago.

Net loss was USD 107.27 million compared to USD 52.07 million a year ago. Basic loss per share from continuing operations was USD 1.66 compared to USD 0.68 a year ago. Diluted loss per share from continuing operations was USD 1.66 compared to USD 0.68 a year ago.

Basic loss per share was USD 1.22 compared to USD 0.63 a year ago. Diluted loss per share was USD 1.22 compared to USD 0.63 a year ago.

Latest news about Veris Residential, Inc.

Transcript : Veris Residential, Inc., Q1 2024 Earnings Call, Apr 25, 2024	Apr. 25
Earnings Flash (VRE) VERIS RESIDENTIAL Posts Q1 Revenue $67.3M	Apr. 24	MT
Veris Residential, Inc. Provides Earnings Guidance for the Year 2024	Apr. 24	CI
Veris Residential, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 24	CI
601 W Companies LLC completed the acquisition of Harborside 5 from Veris Residential, Inc..	Mar. 19	CI
Veris Residential Declares Quarterly Dividend at $0.0525 a Share, Payable April 16 to Shareholders of Record April 3	Feb. 29	MT
Veris Residential, Inc. Declares Cash Dividend for the First Quarter 2024, Payable on April 16, 2024	Feb. 29	CI
Transcript : Veris Residential, Inc., Q4 2023 Earnings Call, Feb 22, 2024	Feb. 22
Veris Residential, Inc. Reports Impairment Charges for the Fourth Quarter Ended December 31, 2023	Feb. 21	CI
Veris Residential, Inc. Provides Earnings Guidance for the Year 2024	Feb. 21	CI
Veris Residential, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 21	CI
An undisclosed buyer signed a binding contract to acquire Harborside 5 from Veris Residential, Inc. for $85 million.	Feb. 20	CI
An undisclosed buyer completed the acquisition of The Metropolitan Lofts in downtown Morristown from Veris Residential, Inc. and Woodmont Properties, Inc. for $30.3 million.	Jan. 15	CI
Land & Buildings nominates 3 candidates in Ventas board challenge	Jan. 11	RE
Veris Residential Boosts Quarterly Dividend by 5% to $0.0525 a Share, Payable Jan. 10 to Shareholders as of Dec. 29	Dec. 19	MT
Veris Residential, Inc. Declares a Cash Dividend for the Fourth Quarter Ending December 31, 2023, Payable on January 10, 2024	Dec. 18	CI
Transcript : Veris Residential, Inc., Q3 2023 Earnings Call, Oct 26, 2023	23-10-26
Earnings Flash (VRE) VERIS RESIDENTIAL Posts Q3 Revenue $71.5M	23-10-25	MT
Veris Residential, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	23-10-25	CI
Veris Residential, Inc. Raises Earnings Guidance for the Year 2023	23-10-25	CI
Evercore ISI Trims Veris Residential's Price Target to $18 From $19, Outperform Rating Maintained	23-10-09	MT
Insider Sell: Veris Residential	23-09-01	MT
Truist Securities Adjusts Price Target on Veris Residential to $16 From $15, Maintains Hold Rating	23-08-15	MT
North American Morning Briefing : Key Inflation -2-	23-07-28	DJ
Evercore ISI Group Upgrades Veris Residential to Outperform From In Line, Adjusts Price Target to $19 From $18	23-07-27	MT

Chart Veris Residential, Inc.

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Company Profile

Veris Residential, Inc. is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company owns, operates, and develops multifamily rental properties located primarily in the Northeast, as well as a portfolio of non-strategic land and commercial assets. The Company 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 24 multifamily rental properties as well as non-strategic assets comprised of one office property, four parking/retail properties, and developable land. It seeks to own a portfolio comprised primarily of Class A multifamily properties with premium amenities and offerings that reflect its commitment to sustainability.

Sector

Residential REITs

Calendar

2024-08-05 - Q2 2024 Earnings Release (Projected)

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Russell 2000

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Ratings for Veris Residential, Inc.

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ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

14.54 USD

Average target price

17.17 USD

Spread / Average Target

+18.07%

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Residential REITs