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Veris Residential Inc (NYSE: VRE) |
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Price: $17.5800
$-0.01 
-0.057%
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| Day's High:
| $17.73
| Week Perf:
| 0.11 %
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| Day's Low: |
$ 17.51 |
30 Day Perf: |
1.09 % |
| Volume (M): |
208 |
52 Wk High: |
$ 18.85 |
| Volume (M$): |
$ 3,665 |
52 Wk Avg: |
$15.93 |
| Open: |
$17.52 |
52 Wk Low: |
$13.84 |
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| Market Capitalization (Millions $) |
1,786 |
| Shares
Outstanding (Millions) |
102 |
| Employees |
21 |
| Revenues (TTM) (Millions $) |
276 |
| Net Income (TTM) (Millions $) |
-18 |
| Cash Flow (TTM) (Millions $) |
-8 |
| Capital Exp. (TTM) (Millions $) |
14 |
Veris Residential Inc
Veris Residential Inc. is a leading residential property management company based in Seattle, Washington. Since its inception in 2012, the company has been providing exceptional property management services to homeowners and property investors across the state. The company is known for its commitment to excellent customer service, quality asset management, and maximizing returns for its clients' properties.
Veris Residential has a team of highly experienced and competent property managers who are dedicated to finding the best solutions for property owners. These professionals have extensive knowledge of the real estate market and are passionate about their work. They handle all aspects of property management, including rent collection, tenant screening, marketing and advertising, maintenance, and repairs, lease agreements, and other administrative tasks.
The company's property management services are tailored to meet the unique needs of each client. Veris Residential's comprehensive approach ensures that property owners enjoy seamless management of their properties, thereby guaranteeing maximum returns on their investments. The firm uses the latest technologies and systems to enhance its service delivery and ensure that all aspects of property management are conducted efficiently.
Veris Residential's portfolio includes single-family homes, condos, townhomes, and multi-unit properties. The firm's management services are designed to suit the needs of both property investors and individual homeowners. The company's client base includes both local and international property owners who have invested in Seattle's real estate market.
In addition to property management, Veris Residential offers real estate brokerage services, investment consulting, and property valuation. The firm has an unmatched understanding of the Seattle real estate market, allowing it to provide clients with accurate market insights, trends, and projections. This enables clients to make informed decisions on property investment, thus maximizing their returns.
Veris Residential is also committed to building sustainable communities. The firm partners with local charities and organizations to help address some of the social issues affecting Seattle's neighborhoods. This approach has enabled Veris Residential to gain a reputation as a socially responsible property management firm that is dedicated to improving the quality of life for its clients and the local community.
In conclusion, Veris Residential Inc. is a highly reputable and reliable property management firm that has built an outstanding reputation for its quality services. Its highly skilled professionals, dedication to outstanding customer service, and commitment to sustainable community development make it a preferred choice for property investors and homeowners in Seattle.
Company Address: Harborside 3, 210 Hudson St. Jersey City 7311 NJ
Company Phone Number: 590-1010 Stock Exchange / Ticker: NYSE VRE
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| Stock Performances by Major Competitors |
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| Veris Residential Inc
Veris Residential Inc Shows Profitability Despite Declining Sales, Future Performance Remains Promising
Veris Residential Inc (VRE), a prominent player in the Real Estate Investment Trusts sector, has managed to turn its declining sales into profitability in the April to June 2024 period. Despite a revenue decline of 1.823% to $67.48 million compared to the previous year reporting period, the company reported earnings per share (EPS) of $0.03. This is a significant improvement from the EPS of -$0.04 per share reported in the preceding reporting period.
The second quarter of 2024 has been a challenging time for the Real Estate Investment Trusts sector. While VRE experienced a decline in revenue, the rest of the sector posted revenue growth. However, despite this setback, Veris Residential Inc was able to book earnings of $2.735 million during the April to June 2024 period. This marks a substantial improvement compared to the net shortfall of -$30.135 million in the same reporting period a year ago.
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| Veris Residential Inc
Veris Residential Inc, a prominent player in the Real Estate Investment Trusts sector, has recently experienced a decline in its shares over the past five trading days. Furthermore, its shares have declined by a significant 8.7% from the previous year. At present, Veris Residential Inc shares trade only 10% above its 52-week low. These developments have raised concerns regarding the company's future prospects. To further understand the implications of these changes, let us delve into the recently released financial results of Veris Residential Inc.
Financial Performance:
According to the latest financial results for the period ending March 31, 2024, Veris Residential Inc has reported a reduction in its loss per share from $-0.27 to $-0.04, improving its financial position. This improvement is a positive sign; however, it is important to note that the company's EPS had already increased to $-0.05 per share in the preceding reporting season. The revenue has presented a mixed picture, with a moderate growth of 0.62% to $67.34 million compared to the previous year. However, there was a sequential deterioration of -7.402%, with revenue declining from $72.72 million. These numbers highlight the need for careful scrutiny of Veris Residential Inc's strategies.
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| Veris Residential Inc
Veris Residential Inc, a prominent player in the Real Estate Investment Trusts industry, reported its financial results for the third quarter of 2023. Unfortunately, the company experienced a decline in business, leading to a significant increase in the deficit compared to the same period last year. This article aims to outline the key facts revealed by the financial results and provide an interpretation of the implications for Veris Residential Inc.
Declining Revenue and Increased Deficit:
In the third quarter of 2023, Veris Residential Inc faced a decline in revenue of 21.754%, which dropped from $91.36 million to $71.48 million from the previous year. This decrease in revenue has adversely impacted the company's financial standing. The deficit per share also rose from $-1.10 to $-0.60, indicating a worsening financial position.
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| Veris Residential Inc
Financial News Report:
Veris Residential Inc Reports Deficit in Q2 2023, Revenue Recedes
Veris Residential Inc, a leading Real Estate Investment Trusts (REITs) company, recently released its financial results for the second quarter of 2023. The company recorded a deficit per stock of $-0.30 per share, which is a decline from $0.25 per share in the same quarter last year. It also represents an increase from the prior financial reporting period's deficit of $-0.27 per share.
The revenue for the second quarter of 2023 witnessed a respectable decline of -13.901%, amounting to $68.73 million, compared to $79.83 million in the similar financial reporting period a year prior. However, sequentially, the revenue showed a growth of 2.696% from $66.93 million.
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| Per Share |
Current |
| Earnings (TTM) |
-0.16 $ |
| Revenues (TTM) |
2.71 $
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| Cash Flow (TTM) |
- |
| Cash |
0.13 $
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| Book Value |
12.3 $
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| Dividend (TTM) |
0.23 $ |
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| Per Share |
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| Earnings (TTM) |
-0.16 $
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| Revenues (TTM) |
2.71 $ |
| Cash Flow (TTM) |
- |
| Cash |
0.13 $
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| Book Value |
12.3 $ |
| Dividend (TTM) |
0.23 $ |
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