Veris Residential Inc
NYSE:VRE

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Veris Residential Inc
NYSE:VRE
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Price: 16.51 USD 0.61% Market Closed
Market Cap: 1.5B USD
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Gross Margin
Veris Residential Inc

57.9%
Current
56%
Average
49.5%
Industry

Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.

Gross Margin
57.9%
=
Gross Profit
159.7m
/
Revenue
275.9m

Gross Margin Across Competitors

Country US
Market Cap 1.5B USD
Gross Margin
58%
Country US
Market Cap 16.9B USD
Gross Margin
72%
Country US
Market Cap 11.9B USD
Gross Margin
61%
Country US
Market Cap 7.9B USD
Gross Margin
49%
Country US
Market Cap 6.9B USD
Gross Margin
55%
Country JP
Market Cap 1.1T JPY
Gross Margin
63%
Country FR
Market Cap 5.4B EUR
Gross Margin
80%
Country JP
Market Cap 774B JPY
Gross Margin
64%
Country US
Market Cap 4.8B USD
Gross Margin
68%
Country AU
Market Cap 7.4B AUD
Gross Margin
74%
Country US
Market Cap 4.6B USD
Gross Margin
67%
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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 21%
Intrinsic Value
Price

See Also

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What is Gross Margin?

Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.

Gross Margin
57.9%
=
Gross Profit
159.7m
/
Revenue
275.9m
What is the Gross Margin of Veris Residential Inc?

Based on Veris Residential Inc's most recent financial statements, the company has Gross Margin of 57.9%.