Stock VRE VERIS RESIDENTIAL, INC.
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Company Veris Residential, Inc.

Equities

VRE

US5544891048

Residential REITs

Market Closed - Nyse
Other stock markets
 04:00:01 2024-04-25 pm EDT 		5-day change 1st Jan Change
14.65 USD -2.79% Intraday chart for Veris Residential, Inc. +3.39% -6.87%
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

Business Summary

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.

Number of employees: 197

Sales per Business

USD in Million2022Weight2023Weight Delta
Multi-family Real Estate and Services
92.7 %
225 63.3 % 260 92.7 % +15.48%
Commercial and Other Real Estate
6.9 %
132 37.1 % 19 6.9 % -85.44%
Corporate and Other
0.4 %
-1 -0.4 % 1 0.4 % -183.51%

Sales per region

USD in Million2022Weight2023Weight Delta
United States
100.0 %
355 100.0 % 280 100.0 % -21.17%

Managers

Managers TitleAgeSince
Mahbod Nia CEO
 Chief Executive Officer 48 20-06-11
Amanda Lombard DFI
 Director of Finance/CFO 40 22-01-17
Jeffrey Turkanis CIO
 Chief Investment Officer 42 22-04-03
Anna Malhari COO
 Chief Operating Officer 39 21-02-28
Lori Jean Milo HRO
 Human Resources Officer - 05-12-31
Nicole Jones SAM
 Sales & Marketing - 20-12-31
Taryn Fielder LAW
 General Counsel 46 22-04-17
Susan Epstein LAW
 General Counsel - -
Edward J. Guiltinan PRN
 Corporate Officer/Principal - -

Members of the board

Members of the board TitleAgeSince
Victor MacFarlane BRD
 Director/Board Member 72 21-06-08
Howard Steven Stern BRD
 Director/Board Member 62 20-06-11
Aharon Katz BRD
 Director/Board Member 46 20-06-11
Frederic Cumenal BRD
 Director/Board Member 64 19-06-11
Ronald Mark Dickerman BRD
 Director/Board Member 60 23-05-03
Stephanie L. Williams BRD
 Director/Board Member 46 23-05-03
Mahbod Nia CEO
 Chief Executive Officer 48 20-06-11
Tammy Jones CHM
 Chairman 58 20-06-11
Nori Lietz BRD
 Director/Board Member 67 19-06-11

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 92,583,859 77,172,330 ( 83.35 %) 0 83.35 %

Shareholders

NameEquities%Valuation
BlackRock Advisors LLC
14.96 %
13,796,019 14.96 % 210 M $
Vanguard Fiduciary Trust Co.
13.39 %
12,350,430 13.39 % 188 M $
PRUDENTIAL FINANCIAL, INC.
6.623 %
6,107,899 6.623 % 93 M $
Madison International Realty Holdings LLC
6.622 %
6,107,661 6.622 % 93 M $
PGIM, Inc.
6.601 %
6,088,021 6.601 % 93 M $
Wellington Management Co. LLP
6.303 %
5,813,439 6.303 % 88 M $
Bow Street LLC
5.634 %
5,195,930 5.634 % 79 M $
STATE STREET CORPORATION
5.542 %
5,111,334 5.542 % 78 M $
H/2 Credit Manager LP
4.659 %
4,297,314 4.659 % 65 M $
William L. Mack
2.374 %
2,189,322 2.374 % 33 M $

Company contact information

Veris Residential, Inc.

Harborside 3 210 Hudson Street

07311, Jersey City

+732 590 1010

http://verisresidential.com
address Veris Residential, Inc.(VRE)

Sector

Real Estate
Real Estate
Residential & Commercial REITs
Residential REITs
Residential REITs

Sales per Business

Ratings for Veris Residential, Inc.

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
14.65 USD
Average target price
17.17 USD
Spread / Average Target
+17.18%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Residential REITs

1st Jan change Capi.
VERIS RESIDENTIAL, INC. Stock Veris Residential, Inc.
-6.87% 1.35B
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SUN COMMUNITIES, INC. Stock Sun Communities, Inc.
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MID-AMERICA APARTMENT COMMUNITY, INC. Stock Mid-America Apartment Community, Inc.
-5.40% 14.85B
AMERICAN HOMES 4 RENT Stock American Homes 4 Rent
-0.56% 13.1B
UDR INC. Stock UDR Inc.
-0.84% 12.5B
EQUITY LIFESTYLE PROPERTIES, INC. Stock Equity LifeStyle Properties, Inc.
-13.88% 11.33B
Residential REITs
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