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Veris Residential Inc (VRE)
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Upturn Advisory Summary
01/09/2026: VRE (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
6 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $17.58
1 Year Target Price $17.58
| 2 | Strong Buy |
| 0 | Buy |
| 4 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -23.67% | Avg. Invested days 32 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 01/09/2026 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.69B USD | Price to earnings Ratio 24.19 | 1Y Target Price 17.58 |
Price to earnings Ratio 24.19 | 1Y Target Price 17.58 | ||
Volume (30-day avg) 6 | Beta 1.26 | 52 Weeks Range 13.54 - 16.91 | Updated Date 01/9/2026 |
52 Weeks Range 13.54 - 16.91 | Updated Date 01/9/2026 | ||
Dividends yield (FY) 2.13% | Basic EPS (TTM) 0.63 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 21.62% | Operating Margin (TTM) 19.91% |
Management Effectiveness
Return on Assets (TTM) 1.12% | Return on Equity (TTM) 4.77% |
Valuation
Trailing PE 24.19 | Forward PE - | Enterprise Value 2848576955 | Price to Sales(TTM) 5.79 |
Enterprise Value 2848576955 | Price to Sales(TTM) 5.79 | ||
Enterprise Value to Revenue 9.99 | Enterprise Value to EBITDA 11.87 | Shares Outstanding 93426375 | Shares Floating 86746987 |
Shares Outstanding 93426375 | Shares Floating 86746987 | ||
Percent Insiders 9.63 | Percent Institutions 101.18 |
Upturn AI SWOT
Veris Residential Inc
Company Overview
History and Background
Veris Residential Inc. (formerly AvalonBay Communities, Inc.) was founded in 1998. It is a real estate investment trust (REIT) that owns and operates apartment communities. The company rebranded to Veris Residential Inc. in January 2023 following a strategic review and divestiture of its New England portfolio. This rebranding signifies a shift in focus towards a more diversified portfolio and a forward-looking approach to multifamily living. Significant milestones include its IPO in 1998 as AvalonBay Communities, Inc. and its recent rebranding to Veris Residential Inc. in 2023.
Core Business Areas
- Multifamily Residential Real Estate: Veris Residential Inc. is primarily engaged in the ownership, development, acquisition, and management of apartment buildings. The company focuses on creating high-quality living environments in desirable locations, targeting a range of resident demographics.
Leadership and Structure
Veris Residential Inc. is led by a management team with extensive experience in real estate development, finance, and operations. The specific leadership team members and organizational structure are detailed in their annual reports and investor relations materials.
Top Products and Market Share
Key Offerings
- Multifamily Apartment Rentals: Veris Residential Inc. offers rental apartments across its portfolio, ranging from studio to multi-bedroom units. These residences are designed with modern amenities and are located in urban, suburban, and resort markets. Specific market share data for individual apartment communities is not publicly disclosed, but the company competes with a vast number of national and local apartment operators. Key competitors include major REITs and private real estate investment firms specializing in multifamily properties.
Market Dynamics
Industry Overview
The multifamily real estate sector is influenced by factors such as population growth, household formation, interest rates, and local economic conditions. Demand for rental housing remains strong, driven by affordability concerns in homeownership and lifestyle preferences for flexibility. The industry is highly fragmented with both large institutional players and smaller local operators.
Positioning
Veris Residential Inc. positions itself as a provider of premium multifamily living experiences. Its competitive advantages include its established portfolio, development expertise, and focus on resident satisfaction. The company aims to create value through operational efficiency, strategic acquisitions, and development of new properties in high-growth markets.
Total Addressable Market (TAM)
The total addressable market for multifamily real estate in the US is substantial, representing hundreds of billions of dollars in property value and annual rental income. Veris Residential Inc. targets specific sub-markets within this broad TAM, focusing on areas with strong demographic trends and rental demand. Its current portfolio represents a fraction of the overall TAM, indicating significant room for growth.
Upturn SWOT Analysis
Strengths
- Experienced management team with a strong track record in real estate development and management.
- Diversified portfolio of apartment communities in attractive geographic locations.
- Focus on creating high-quality living experiences and resident satisfaction.
- Ability to access capital for acquisitions and development projects.
Weaknesses
- Sensitivity to economic downturns and interest rate fluctuations.
- Competition from other REITs and private real estate investors.
- Reliance on rental income, which can be impacted by occupancy rates and rental growth.
Opportunities
- Continued demand for rental housing driven by demographic trends and affordability.
- Expansion into new high-growth markets through acquisitions and development.
- Leveraging technology to enhance resident experience and operational efficiency.
- Potential for strategic partnerships or joint ventures.
Threats
- Rising interest rates impacting borrowing costs and property valuations.
- Increased supply of new apartment units in certain markets.
- Changes in local and federal housing regulations.
- Unforeseen economic shocks or pandemics impacting tenant affordability and demand.
Competitors and Market Share
Key Competitors
- Prologis Inc. (PLD)
- Equity Residential (EQR)
- Essex Property Trust Inc. (ESS)
- Mid-America Apartment Communities Inc. (MAA)
Competitive Landscape
Veris Residential Inc. operates in a highly competitive multifamily real estate market. Its advantages include a focus on well-located properties and resident experience. However, it faces challenges from larger, more diversified REITs with greater scale and access to capital. Competition primarily stems from other publicly traded REITs and large private real estate investment firms.
Growth Trajectory and Initiatives
Historical Growth: Veris Residential Inc. has historically grown through a combination of internal development, strategic acquisitions, and effective property management, leading to an expanding portfolio and revenue base.
Future Projections: Future growth projections are typically based on analyst estimates, which consider factors such as market demand, development pipeline, and economic outlook. These projections are subject to revision.
Recent Initiatives: Recent initiatives likely include portfolio optimization, potential new development projects, and strategic adjustments following the rebranding to Veris Residential Inc. to align with evolving market demands and company strategy.
Summary
Veris Residential Inc. is a multifamily REIT undergoing a strategic evolution post-rebranding. The company benefits from strong demand in the rental housing market and a focus on quality properties. However, it faces significant competition and is subject to economic and interest rate risks. Continued successful development and strategic acquisitions are crucial for its growth trajectory.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company SEC Filings (10-K, 10-Q)
- Investor Relations Websites
- Reputable Financial Data Providers (e.g., Bloomberg, Refinitiv, Yahoo Finance)
- Industry Market Research Reports
Disclaimers:
This JSON output is generated for informational purposes only and does not constitute financial advice or a recommendation to buy or sell any securities. Market share data and financial metrics are estimates and subject to change. Investors should conduct their own due diligence and consult with a qualified financial advisor before making any investment decisions. All data is subject to the disclaimers and limitations of the respective data sources.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Veris Residential Inc
Exchange NYSE | Headquaters Jersey City, NJ, United States | ||
IPO Launch date 1994-08-25 | CEO & Director Mr. Mahbod Nia A.C.A. | ||
Sector Real Estate | Industry REIT - Residential | Full time employees 188 | Website https://www.verisresidential.com |
Full time employees 188 | Website https://www.verisresidential.com | ||
Veris Residential, Inc. is a forward-thinking real estate investment trust (REIT) that primarily owns, operates, acquires and develops premier Class A multifamily properties in the Northeast. Our technology-enabled, vertically integrated operating platform delivers a contemporary living experience aligned with residents' preferences while positively impacting the communities we serve. We are guided by an experienced management team and Board of Directors, underpinned by leading corporate governance principles; a best-in-class approach to operations; and an inclusive culture based on meritocratic empowerment.
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