Educational research only—not investment advice or a recommendation. Scores and estimates may use delayed, incomplete, restated, or corrected market and filing data. Independently verify information before making an investment decision.
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Veris Residential, Inc. is a real estate investment trust, which owns and operates a real estate portfolio comprised predominantly of Class A office and flex properties located primarily in the Northeast. It operates through the following segments: Commercial and Other Real Estate, and Multi-Family Real Estate and Services. The Commercial and Other Real Estate and Multi-Family Real Estate Portfolio segments provides leasing, property management, acquisition, development, construction, and tenant-related services.
How they make money
Veris Residential, Inc. is a real estate investment trust that generates revenue primarily through the ownership, operation, and development of Class A multifamily residential properties. The company earns income through the collection of monthly rental payments from residential tenants and provides property management services for its portfolio, which is concentrated in the Northeast United States.
Products & services
The company owns and operates a portfolio of premier Class A multifamily residential apartment communities, providing housing services to individual residential tenants.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
No quantified customer-concentration disclosure is available in the current saved research.
Suppliers, materials & equipment
Property management and maintenance service providers — Various third-party vendors providing routine maintenance, landscaping, cleaning, and utility services for residential properties.Source
Competitors
Equity Residential — A publicly traded REIT that owns and operates multifamily residential properties in similar urban markets.Source
AvalonBay Communities, Inc. — A REIT focused on the development, redevelopment, acquisition, and management of multifamily apartment communities.Source
Strengths
Concentration in high-barrier-to-entry Northeast multifamily marketsSource
Portfolio of modern, Class A residential assetsSource
Risks
Sensitivity to economic conditions and local housing market demand in the NortheastSource
Risks associated with property development, redevelopment, and capital expenditure requirementsSource
Overall investment score · Quality, value, risk and opportunity
21
Poor
PoorElite
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
30
Poor
Financial Strength
43
Business Quality / Moat
30
Management
27
Growth Quality
20
Risk / Durability
11
Weak Company · Expensive Stock
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
32
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
32/100
Building Historical Record
Model Score 32/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
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WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
What we like
•Recent buyback activity is present
What to watch
•Elevated debt risk
•Valuation is a weaker part of the current profile
•Revenue fundamentals are weak
•Debt / balance-sheet profile needs attention
•Asset quality is a weaker factor
Company-specific research
Questions worth answering for VRE
Research inputs 100% complete
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
•Can VRE maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
•Is VRE's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
•Is VRE's debt load manageable relative to cash generation, interest costs and upcoming maturities?
•What future growth or profitability would be needed to justify VRE's current valuation?
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
0–100 market signals
Calculating current signals…
Notices for VRE
Detected from reported data — verify before acting.
Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Elevated debt risk
Total debt is at least one year of revenue • Interest coverage is below 2x • Cash covers less than 20% of total debt
Community Sentiment
0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)
No personal call yet on VRE.
Potential upside factors
+Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
+Concentration in high-barrier-to-entry Northeast multifamily markets.
+Portfolio of modern, Class A residential assets.
+Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
−Debt risk (elevated): Total debt is at least one year of revenue.
−Interest coverage is below 2x.
−Cash covers less than 20% of total debt.
−Sensitivity to economic conditions and local housing market demand in the Northeast.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdown
Wall Street Score
Very Weak21/ 100
Weak (0–50)Fair (51–71)Strong (72+)
Debt
Poor
30
Debt Cost6.5%
Debt Reduction YoY18.3%
Debt / Equity1.19x
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Revenue
Poor
21
Revenue YoY0.8%
Revenue CAGR5.3%
Net Margin24.7%
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Asset
Poor
38
Asset Growth YoY-9.2%
Liquidation/Share$12.20
Net Assets/MCap0.74x
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Capital
Poor
17
Earnings Yield4.0%
Buyback Yield0.0%
Debt Cost6.5%
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Management
Poor
27
ROIC2.0%
ROE6.4%
ROA2.7%
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Moat
Poor
30
EPS Growth-0.5%
FCF/Share Growth62.2%
Rev/Share Growth-1.2%
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Valuation
Poor
16
Intrinsic Value$17.74
Value Reference$10.65
MOS-7.0%
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Buffett
Poor
28
Revenue21
Moat30
Valuation16
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MOS
Poor
0
MOS %-7.0%
Value Reference$10.65
Deep Discount Reference$7.10
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Financial
Poor
15
Interest Coverage0.6x
ROIC2.0%
FCF Yield4.3%
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Master
Poor
17
Financial15
Valuation16
Debt30
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Resilience
Poor
32
Survival Years-57.5 yrs
Current Ratio0.08x
FCF Margin26.3%
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Score Changes
3 historical score records available
Previous Score
21
Oct 1, 2026
Change
Unchanged
Current Score
21
Oct 26, 2026
Category Changes
Revenue0
Debt0
Assets0
Capital0
Management0
Moat0
Valuation0
Buffett0
VRE score was unchanged.
Projected Score
Projected Score
23
Projected Change
+2.2 points
Preliminary comparable-period financial changes suggest improvement of approximately 2.2 points. This is a projected estimate, not the official WallStreetScore.
Monetary values in USD. Share counts in raw units.
Income StatementBalance SheetCash Flow
AnnualQuarterlyTTM + Annual
All rows
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
Line Item
TTM
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Revenue
$290.8M
$288.4M
$271.1M
$260.3M
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Cost of Revenue
$283.1M
$284.8M
$276.6M
$279.8M
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Gross Profit
$7.6M
$3.6M
-$5.5M
-$19.5M
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Research & Development
$0.00
$0.00
$0.00
$0.00
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SG&A Expenses
$10.5M
$0.00
$0.00
$0.00
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Operating Expenses
-$35.1M
-$45.8M
-$42.1M
-$34.2M
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EBITDA
$242.3M
$249.2M
$143.0M
$108.1M
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Operating Income
$42.7M
$49.4M
$36.6M
$14.6M
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Interest Expense
$83.2M
$88.6M
$88.0M
$139.1M
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Income Before Tax
$73.3M
$75.1M
-$30.7M
-$120.9M
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Income Tax Expense
$258K
$231K
$276K
$492K
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Net Income
$71.9M
$75.2M
-$22.7M
-$111.0M
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Basic EPS
$0.77
$0.81
$-0.25
$-1.22
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Basic Shares
93.59M
93.36M
92.69M
91.88M
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Diluted Shares
102M
102M
101M
101M
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Upgrade to Premium for up to 10 annual periods, where available.
Estimated earnings date:A future estimated earnings date is not currently available.
Mar 31, 2026Q1FY2026
Revenue
$70.1M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.15
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-18.3%
Cash Change
+23.9%
Margin Change
-4.2 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
Cash position grew
Debt reduced
What Weakened
Margins contracted
Potential Score Impact
Positive indicators included revenue growth, EPS growth, cash levels, debt levels. Pressure indicators included net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 3.5%. EPS increased 36.4%. Cash increased 23.9%. Total debt declined 18.3%. Net income margin declined by 4.2 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.
Dividend HistoryShare
Dividend History
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Predictions & Historical PerformanceShare
Conservative Projected Values
3 Years
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5 Years
$———.——
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10 Years
$———.——
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Conservative Projection Rate
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Premium
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
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