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VRE
Veris Residential, Inc.NYSEReal EstateReit - ResidentialSnapshot 2026-06-12
Watch· this month
$32.80-0.52%
Close 2026-06-10 · 1-day change
Recent financial performance sits well below its industry cohort — worth keeping an eye on, though it has not freshly broken.
The bottom line
Recent financial performance is weak, and earnings quality is fragile, indicating that reported profits are not well-supported by cash. Management's recent track record has been volatile, and the capital stance is capital unfriendly, which adds to the elevated risk profile. The sector backdrop is a headwind, and compared with sector peers, VRE is below typical. Peer multiples imply a price about 212% below where it trades (it looks expensive on this basis); the read is rich, as it trades above peer multiples, and the longer horizon does not make that back through growth. This read is provisional.
as of 2026-06-12
Quick facts
- Exchange
- NYSE
- Sector
- Real Estate
- Industry
- Reit - Residential
- Market cap
- $1.94B
- Employees
- —
- IPO date
- 1996-05-14
- Next earnings
- 2026-07-22
Price
Daily closes. Earnings/event dots are placed inline.
Adjusted daily closes (split & dividend). Scroll over the chart to zoom; click a range to reset.
EarningsMaterial event
What's priced in
(what the market already expects)What it's worth (estimated)
A consensus fair price across 4 valuation methods, at three horizons. Current price $32.80. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
12-month· primaryexpensive
$10.50consensus
Range $8.48 – $12.75
vs price: +212% above
Method agreement — · 4 methods
No-growth: today's peer multiple on trailing earnings. The headline read.
3-yearexpensive
$17.10consensus
Range $17.10 – $17.10
vs price: +92% above
Method agreement — · 1 method
Embeds projected growth. Leans optimistic by design. Upside context.
5-yearexpensive
How much to trust our fair value
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
Re-ratinglow confidence
At $33 VRE trades at 43× p/e — 2.9× the 15× p/e peer median. The market is re-rating it beyond its own range; our $11 fair value is low-confidence here. Not investment advice.
Multiple (P/E)
42.7x
peer 14.8x · own history —
Premium
2.9x peer
Growth the price needs
212%
our forecast 11%
Our fair value
$10.53
range $8.92 – $12.79
WhyPeer anchor understates a real premium
How this stock is priced
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
Long-term · 1–3 yr
expensiverich12-month view
What's priced inUnjustified
The market is pricing in roughly 212% near-term growth, well above our forecast of about 10%. This describes what's priced in, not a forecast of the move.
High fragilityrisk posture, not a price call
Flags: expensive valuation, weak execution quality, a turbulent sector regime (Heating).
Historical context
For similar setups historically (n=889): about 49% saw a 20%+ drawdown, and roughly 85% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
How strong is the business
(quality & execution)Factor signals
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Recent financial performance
weakOperating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Real Estate names rated weak grew net income 56% of the time over the next year (vs 55% for the rest of the cohort, n=1506).
27th pctl · Real Estate
Earnings quality
fragileOver the trailing year it converted 1.07x of net income into operating cash flow. Historically, Real Estate names rated fragile grew net income 35% of the time over the next year (vs 60% for the rest of the cohort, n=1399).
23rd pctl · Real Estate
Macro sensitivity
Not enough signal yet.
Not enough signal to read sensitivity to the broad stock market, the US dollar, real (inflation-adjusted) rates, long-term interest rates, Fed net liquidity.
Management & capital allocation
volatile6 material management or governance events in the past 24 months, led by M&A activity. Historically, Real Estate names rated volatile grew net income 54% of the time over the next year (vs 57% for the rest of the cohort, n=3774).
Earnings setup & market context
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
Earnings setup · pre-print positioning
forward-looking
Strongly bullishEPS revised +100.0% / 30d, n=1for period ending 2026-06-30
Why this setup
Consensus revisions
EPS estimate $-0.08 → $0.00 (+100.0% / 30d). 1 raised, 0 cut, 1 covering analysts.
Rating actions
0 upgrades, 0 downgrades / 30d. 25% of analysts rate Buy.
Material events
2 positive, 4 negative / 30d. See F4 management tile for the event list.
Sector context
Intermediate · WeeklySector phase: real estate is in maturing, with decelerating (~1.2 years in phase).
Sector regime (90d momentum): headwind.Management scorecard
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Long-term · 1–3 yr
Overall: neutral
- Capital allocation
- strong
- Earnings discipline
- weak
- Margin discipline
- weak
- Balance sheet
- strong
- Post-call reaction
- neutral
A guidance track record builds as the company issues and delivers on guidance.
How bumpy is the path
(risk while you hold it)Risk: how this stock moves
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
Intermediate · WeeklyLong-term · 1–3 yr
On a typical day, $10k can swing ±$11.
How much price usually moves either way.
On a bad day, this stock has moved -$198.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $1,217.
Deepest peak-to-trough drop in the last year.
elevatedas of 2026-06-12
Past results, not a forecast. Not investment advice.
What would change the read
(catalysts & re-read triggers)What changed
The most important moves since the prior daily snapshot.
Short-term · Daily
- No material changes since the prior snapshot.
No material changes since the prior snapshot.
as of 2026-06-12
What to watch next
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Intermediate · Weekly
- UpsideHigh confidenceMonthsactive 14d
Watch for completion of merger with AC Residential
Why it matters: Completing the merger is key for Veris Residential's growth strategy. It will shape the company's future direction.
What confirms / what disproves
Confirms:An official announcement says the merger is done. It also shares plans for integration.
Disproves:Delays or complications in the merger process that push back the completion date.
Management priorities
News catalysts
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for VRE yet.
This sector is also watching
- Watch for impact of upcoming economic reports on Real Estate
- Watch for revenue growth across major REITs to re-accelerate
What could change this view
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Intermediate · Weekly
Upside triggers
- If the Fed starts cutting rates from the current 3.62%, that would be a tailwind for VRE and other Real Estate names, since rate-sensitive parts of the market tend to rally when the Fed eases.
- If sector bellwethers like AVB, EQR, and ESS keep beating earnings and guiding higher, the Real Estate sector momentum should keep lifting VRE and other Real Estate names. Worth watching these names for early signals.
- If VRE raises forward guidance on the next earnings call (currently NEW as of 2026-02-23), that's a momentum boost. Street estimates typically follow guidance up and the stock tends to re-rate higher.
Downside triggers
- If VRE cuts guidance on the next call (currently NEW as of 2026-02-23), that's a meaningful negative. The Street tends to walk down estimates and the stock usually takes a leg lower.
- If sector bellwethers like AVB, EQR, and ESS start missing or guiding lower, the Real Estate tailwind helping VRE and other Real Estate names could fade. Watch these names for early warning.
Recent events
(material 8-K / filing activity)Material updates
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
- 2026-05-2717d agoItem 5.02
All board members and officers ceased their roles due to the Merger.
Executive changenegative
Score history
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
-10 vs last weeklatest as of 2026-06-13
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.