Veris Residential (NYSE:VRE) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Posted by Doug Wharley on Feb 26th, 2025

Veris Residential (NYSE:VRE – Get Free Report) announced its quarterly earnings results on Monday. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01), Zacks reports. Veris Residential had a negative return on equity of 4.97% and a negative net margin of 5.70%. The business had revenue of $68.08 million for the quarter, compared to analysts’ expectations of $66.98 million. Veris Residential updated its FY 2025 guidance to 0.610-0.630 EPS.

Veris Residential Price Performance

VRE stock opened at $16.22 on Wednesday. The stock’s 50 day moving average is $16.06 and its two-hundred day moving average is $16.97. Veris Residential has a 52-week low of $13.84 and a 52-week high of $18.85. The company has a market capitalization of $1.51 billion, a PE ratio of -95.38, a P/E/G ratio of 2.50 and a beta of 1.27. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.34.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised Veris Residential from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $14.00 to $17.00 in a research report on Tuesday, December 17th. Bank of America upgraded Veris Residential from a “neutral” rating to a “buy” rating and upped their price target for the stock from $20.00 to $23.00 in a report on Tuesday, November 12th. Finally, Evercore ISI reiterated an “in-line” rating and set a $18.00 price objective (down previously from $20.00) on shares of Veris Residential in a research note on Wednesday.

View Our Latest Stock Analysis on Veris Residential

About Veris Residential

(Get Free Report)

Veris Residential, Inc is a forward-thinking, environmentally and socially conscious real estate investment trust (REIT) that primarily owns, operates, acquires and develops holistically-inspired, Class A multifamily properties that meet the sustainability-conscious lifestyle needs of today’s residents while seeking to positively impact the communities it serves and the planet at large.