Veris Residential Inc
NYSE:VRE

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Veris Residential Inc
NYSE:VRE
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Price: 16.6 USD 1.16%
Market Cap: 1.5B USD
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Veris Residential Inc
Operating Expenses

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
TTM
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Veris Residential Inc
Operating Expenses Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Operating Expenses CAGR 3Y CAGR 5Y CAGR 10Y
Veris Residential Inc
NYSE:VRE
Operating Expenses
-$138.1m
CAGR 3-Years
10%
CAGR 5-Years
4%
CAGR 10-Years
N/A
Boston Properties Inc
NYSE:BXP
Operating Expenses
-$1B
CAGR 3-Years
-7%
CAGR 5-Years
-5%
CAGR 10-Years
-4%
Kilroy Realty Corp
NYSE:KRC
Operating Expenses
-$438.5m
CAGR 3-Years
-4%
CAGR 5-Years
-3%
CAGR 10-Years
-6%
Alexandria Real Estate Equities Inc
NYSE:ARE
Operating Expenses
-$1.4B
CAGR 3-Years
-14%
CAGR 5-Years
-16%
CAGR 10-Years
-18%
Vornado Realty Trust
NYSE:VNO
Operating Expenses
-$618.3m
CAGR 3-Years
-3%
CAGR 5-Years
0%
CAGR 10-Years
1%
COPT Defense Properties
NYSE:CDP
Operating Expenses
-$205.9m
CAGR 3-Years
-6%
CAGR 5-Years
-3%
CAGR 10-Years
-2%
No Stocks Found

Veris Residential Inc
Glance View

Market Cap
1.5B USD
Industry
Real Estate

Veris Residential Inc., previously known as Mack-Cali Realty Corporation, has undergone a significant transformation from its initial focus on commercial office spaces to establishing a strong presence in the multifamily residential sector. Headquartered in Jersey City, New Jersey, this real estate investment trust (REIT) strategically pivoted amid evolving market dynamics, shifting its portfolio from predominantly office-centric properties to upscale residential communities. This transition was driven by the increasing demand for high-quality living spaces, especially in metropolitan areas where urban dwellers seek modern amenities and convenient access to city centers. Veris Residential specializes in acquiring, developing, and managing these residential properties, leveraging its expertise to enhance property value and boost occupancy rates. The company's revenue stream primarily stems from rental income, generated by leasing its apartments and commercial spaces within mixed-use developments. By creating communities that align with tenants' lifestyle preferences, Veris appeals to a diverse demographic that is willing to pay a premium for sustainability, prime locations, and cutting-edge facilities. This strategy not only augments rental yields but also builds long-term asset value, ensuring stable cash flows and reinforcing the company's position in the competitive real estate market. Through adept management and strategic repositioning, Veris Residential continues to capitalize on market trends and optimize its portfolio to ensure sustained growth and profitability.

VRE Intrinsic Value
12.98 USD
Overvaluation 22%
Intrinsic Value
Price

See Also

What is Veris Residential Inc's Operating Expenses?
Operating Expenses
-138.1m USD

Based on the financial report for Dec 31, 2023, Veris Residential Inc's Operating Expenses amounts to -138.1m USD.

What is Veris Residential Inc's Operating Expenses growth rate?
Operating Expenses CAGR 5Y
4%

Over the last year, the Operating Expenses growth was 18%. The average annual Operating Expenses growth rates for Veris Residential Inc have been 10% over the past three years , 4% over the past five years .

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