Veris Residential (VRE)

1 WATER STREET L.L.C. • 3 CAMPUS REALTY LLC • 6 BECKER URBAN RENEWAL, L.L.C. • 25 CC BONDS, L.L.C. • 55 CORPORATE PARTNERS L.L.C. • 55 CORPORATE REALTY L.L.C. • 65 LIVINGSTON HOLDING L.L.C. • 65 LIVINGSTON TENANT L.L.C. • 85 LIVINGSTON URBAN RENEWAL, L.L.C. • 107 MORGAN TIC I, L.L.C. ...

IRS number

223305147

VRE stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$20.00

Low target

$17.00

High target

$23.00

Latest filings (excl ownership)

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8-K

Regulation FD Disclosure

30 Oct 24

Results of Operations and Financial Condition

30 Oct 24

8-K

Regulation FD Disclosure

9 Sep 24

8-K

Regulation FD Disclosure

5 Sep 24

8-K

Results of Operations and Financial Condition

24 Jul 24

Registration of securities for employees

21 Jun 24

8-K

Veris Residential, Inc. Announces Withdrawal of Public Offering of Common Stock

18 Jun 24

8-K

Veris Residential, Inc. Announces Public Offering of Common Stock

17 Jun 24

Transcripts

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VRE

Earnings call transcript

2024 Q3

31 Oct 24

VRE

Earnings call transcript

2024 Q2

25 Jul 24

VRE

Earnings call transcript

2024 Q1

25 Apr 24

VRE

Earnings call transcript

2023 Q4

22 Feb 24

VRE

Earnings call transcript

2023 Q3

26 Oct 23

VRE

Earnings call transcript

2023 Q2

27 Jul 23

VRE

Earnings call transcript

2023 Q1

27 Apr 23

VRE

Earnings call transcript

2023 Q2

27 Apr 23

VRE

Earnings call transcript

2022 Q4

22 Feb 23

VRE

Earnings call transcript

2022 Q3

3 Nov 22

Latest ownership filings

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PRUDENTIAL FINANCIAL INC

14 Nov 24

SC 13G/A

WELLINGTON MANAGEMENT GROUP LLP

Financial summary

Financial statements Chart VRE financial data

Quarter (USD)	Mar 24	Dec 23	Sep 23	Jun 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	138.35 mm	138.35 mm	138.35 mm	138.35 mm	138.35 mm	138.35 mm
Cash burn (monthly)	(no burn)	(no burn)	1.99 mm	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	n/a	20.34 mm	n/a	n/a	n/a
Cash remaining	n/a	n/a	118.01 mm	n/a	n/a	n/a
Runway (months of cash)	n/a	n/a	59.4	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2024

VRE institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	185	182	+1.6%
Opened positions	26	39	-33.3%
Closed positions	23	28	-17.9%
Increased positions	59	67	-11.9%
Reduced positions	72	53	+35.8%

13F shares	Current	Prev Q	Change
Total value	1.39 tn	1.19 tn	+16.5%
Total shares	97.05 mm	98.26 mm	-1.2%
Total puts	364.10 k	489.60 k	-25.6%
Total calls	779.10 k	965.20 k	-19.3%
Total put/call ratio	0.5	0.5	-7.9%

Largest owners	Shares	Value	Change
BlackRock	14.75 mm	$263.41 bn	NEW
Vanguard	12.37 mm	$220.86 bn	+1.6%
Mack William L	7.45 mm	$92.86 mm	0.0%
PRS Prudential Financial, Inc. 5.62	6.18 mm	$110.38 bn	-5.9%
Madison International Realty	6.11 mm	$109.08 bn	0.0%
Bow Street	5.31 mm	$59.27 mm	0.0%
STT State Street	4.57 mm	$82.02 bn	-0.5%
H/2 Credit Manager	4.30 mm	$76.75 mm	0.0%
BAC Bank of America	2.51 mm	$44.78 bn	+0.2%
JPM JPMorgan Chase & Co.	2.10 mm	$37.56 bn	+11.7%

Largest transactions	Shares	Bought/sold	Change
BlackRock	14.75 mm	+14.75 mm	NEW
BLK BlackRock	0.00	-14.59 mm	EXIT
Nuveen Asset Management	2.10 mm	+986.51 k	+88.9%
MS Morgan Stanley	823.98 k	-860.30 k	-51.1%
Balyasny Asset Management	1.04 mm	-759.64 k	-42.2%
Vision Capital	0.00	-666.77 k	EXIT
Adelante Capital Management	615.97 k	+615.97 k	NEW
Woodline Partners	568.98 k	+568.98 k	NEW
Arrowstreet Capital, Limited Partnership	539.39 k	+539.39 k	NEW
Ubs Global Asset Management Americas	616.61 k	+512.41 k	+491.8%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

VRE insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
31 Dec 24	Nia Mahbod	Phantom Stock Units Common Stock, $0.01 par value	Grant	Acquire A	No	No	16.62	17.851	296.68	3,726.533
31 Dec 24	Nori Gerardo Lietz	Phantom Stock Units Common Stock, $0.01 par value	Grant	Acquire A	No	No	16.62	1,615.399	26.85 k	31,060.604
31 Dec 24	A. Akiva Katz	Phantom Stock Units Common Stock, $0.01 par value	Grant	Acquire A	No	No	16.62	1,673.265	27.81 k	19,589.732
31 Dec 24	Frederic Cumenal	Phantom Stock Units Common Stock, $0.01 par value	Grant	Acquire A	No	No	16.62	1,612.686	26.80 k	30,494.209
31 Dec 24	Macfarlane Victor B	Phantom Stock Units Common Stock, $0.01 par value	Grant	Acquire A	No	No	16.62	1,484.543	24.67 k	19,444.39