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Veris Residential Inc
Previous close
$16.09
Day range
$15.83 - $16.38
Year range
$13.84 - $18.85
Market cap
1.50B USD
Avg Volume
566.85K
Primary exchange
NYSE
In the news
Financials
Income Statement
Revenue
Net income
| (USD) | Dec 2024info | Y/Y change |
|---|---|---|
Revenue | 69.25M | 2.70% |
Operating expense | 31.22M | 0.04% |
Net income | -12.45M | -146.43% |
Net profit margin | -17.97 | -139.92% |
Earnings per share | — | — |
EBITDA | 30.32M | 7.58% |
Effective tax rate | -0.01% | — |
Balance Sheet
Total assets
Total liabilities
| (USD) | Dec 2024info | Y/Y change |
|---|---|---|
Cash and short-term investments | 7.25M | -74.11% |
Total assets | 2.98B | -7.97% |
Total liabilities | 1.74B | -10.13% |
Total equity | 1.24B | — |
Shares outstanding | 92.88M | — |
Price to book | 1.36 | — |
Return on assets | 0.76% | — |
Return on capital | 0.78% | — |
Cash Flow
Net change in cash
| (USD) | Dec 2024info | Y/Y change |
|---|---|---|
Net income | -12.45M | -146.43% |
Cash from operations | 11.86M | -3.33% |
Cash from investing | -2.99M | -103.52% |
Cash from financing | -17.02M | 79.65% |
Net change in cash | -8.16M | -159.55% |
Free cash flow | 13.20M | -76.47% |
About
Veris Residential, Inc. is a real estate investment trust headquartered in Jersey City, New Jersey, investing primarily in multifamily real estate in New Jersey and Boston.
As of February 21, 2024, it owned or had interests in 22 apartment complexes, as well as a substantial land bank. With the exception of a few properties in New York and Massachusetts, the majority of the properties are in New Jersey.
The company was formerly known as Mack-Cali Realty Corporation. Wikipedia
CEO
Founded
May 24, 1994
Headquarters
Website
Employees
188
