Veris Residential Inc. (VRE)
Veris Residential Statistics
Share Statistics
Veris Residential has 92.95M shares outstanding. The number of shares has increased by 0.73% in one year.
| Shares Outstanding | 92.95M |
| Shares Change (YoY) | 0.73% |
| Shares Change (QoQ) | 0.01% |
| Owned by Institutions (%) | 92.04% |
| Shares Floating | 90.64M |
| Failed to Deliver (FTD) Shares | 100 |
| FTD / Avg. Volume | 0.02% |
Short Selling Information
The latest short interest is 2.44M, so 2.62% of the outstanding shares have been sold short.
| Short Interest | 2.44M |
| Short % of Shares Out | 2.62% |
| Short % of Float | 2.7% |
| Short Ratio (days to cover) | 5.17 |
Valuation Ratios
The PE ratio is -66.67 and the forward PE ratio is -57.21. Veris Residential's PEG ratio is 0.87.
| PE Ratio | -66.67 |
| Forward PE | -57.21 |
| PS Ratio | 5.69 |
| Forward PS | 4.9 |
| PB Ratio | 1.25 |
| P/FCF Ratio | 29.46 |
| PEG Ratio | 0.87 |
Enterprise Valuation
Veris Residential Inc. has an Enterprise Value (EV) of 3.27B.
| EV / Earnings | -141.49 |
| EV / Sales | 12.07 |
| EV / EBITDA | 23.36 |
| EV / EBIT | 3794.91 |
| EV / FCF | 62.51 |
Financial Position
The company has a current ratio of 6.73, with a Debt / Equity ratio of 1.36.
| Current Ratio | 6.73 |
| Quick Ratio | 6.73 |
| Debt / Equity | 1.36 |
| Total Debt / Capitalization | 57.56 |
| Cash Flow / Debt | 0.03 |
| Interest Coverage | 0.01 |
Financial Efficiency
Return on equity (ROE) is -0.02% and return on capital (ROIC) is 0.03%.
| Return on Equity (ROE) | -0.02% |
| Return on Assets (ROA) | -0.01% |
| Return on Capital (ROIC) | 0.03% |
| Revenue Per Employee | $1,441,882.98 |
| Profits Per Employee | $-122,978.72 |
| Employee Count | 188 |
| Asset Turnover | 0.09 |
| Inventory Turnover | n/a |
Taxes
| Income Tax | 276K |
| Effective Tax Rate | -0.01 |
Stock Price Statistics
The stock price has increased by 12.13% in the last 52 weeks. The beta is 1.24, so Veris Residential's price volatility has been higher than the market average.
| Beta | 1.24 |
| 52-Week Price Change | 12.13% |
| 50-Day Moving Average | 16.15 |
| 200-Day Moving Average | 16.56 |
| Relative Strength Index (RSI) | 58.6 |
| Average Volume (20 Days) | 427.68K |
Income Statement
In the last 12 months, Veris Residential had revenue of 271.07M and earned -23.12M in profits. Earnings per share was -0.29.
| Revenue | 271.07M |
| Gross Profit | 160.01M |
| Operating Income | 862K |
| Net Income | -23.12M |
| EBITDA | 140.05M |
| EBIT | 862K |
| Earnings Per Share (EPS) | -0.29 |
Balance Sheet
The company has 7.25M in cash and 1.67B in debt, giving a net cash position of -1.67B.
| Cash & Cash Equivalents | 7.25M |
| Total Debt | 1.67B |
| Net Cash | -1.67B |
| Retained Earnings | 0 |
| Total Assets | 2.98B |
| Working Capital | 2.39B |
Cash Flow
In the last 12 months, operating cash flow was 52.33M and capital expenditures 0, giving a free cash flow of 52.33M.
| Operating Cash Flow | 52.33M |
| Capital Expenditures | 0 |
| Free Cash Flow | 52.33M |
| FCF Per Share | 0.56 |
Margins
Gross margin is 59.03%, with operating and profit margins of 0.32% and -8.53%.
| Gross Margin | 59.03% |
| Operating Margin | 0.32% |
| Pretax Margin | -11.32% |
| Profit Margin | -8.53% |
| EBITDA Margin | 51.67% |
| EBIT Margin | 0.32% |
| FCF Margin | 19.3% |
Dividends & Yields
VRE pays an annual dividend of $0.34, which amounts to a dividend yield of 1.75%.
| Dividend Per Share | $0.34 |
| Dividend Yield | 1.75% |
| Dividend Growth (YoY) | 52.38% |
| Payout Ratio | -118.1% |
| Earnings Yield | -1.73% |
| FCF Yield | 3.36% |
Analyst Forecast
The average price target for VRE is $17, which is 1.6% higher than the current price. The consensus rating is "Hold".
| Price Target | $17 |
| Price Target Difference | 1.6% |
| Analyst Consensus | Hold |
| Analyst Count | 4 |
Scores
| Altman Z-Score | 1.62 |
| Piotroski F-Score | 6 |