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Veris Residential Inc (VRE) Fair Value & Analysis

Real Estate · US · Market cap $1.9B · ISIN US5544891048

What is Veris Residential Inc really worth?

VR Veris Residential Inc logo Veris Residential Inc VRE · US
Price from Jun 5, 2026$32.65
Fair Value$9.31
Upside−71.5%
Quality56/100

A solid business, but trading 251% above our fair value of $9.31.

As of Aug 23, 2026, the fair value of Veris Residential Inc is $9.31 per share against a price of $32.65, so the fair value sits 71% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Strengths

Highly profitable · 24.6% net margin
Moderate debt · generates free cash flow

Risks

!Weak Growth (revenue 5y −1.7 %/yr)
!Trails peers (3/15)
!Moderate moat 54/100
!Weak on past: 24 out of 100
!Weak on dividend: 20 out of 100

For context

·0.98% dividend yield
Evidence: High Range $9.31 – $12.67

Fair value as of: Aug 23, 2026

From 10 valuation models · updated 14 days ago

Share price +72.3% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case ($12.67). The favourable scenario is already priced in.
  • Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.

Price vs Fair Value (5 years)

$32.65 $9.89 Fair Value $9.31 Mar 2021 Jun 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 23, 2026.

How to read this chart

60‑month range $9.89 – $32.65 · fair‑value band $9.31 – $12.67 · the $32.65 price screens above the $9.31 fair value. Dashed = 300-day average. As of Aug 23, 2026.

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Analysis

Veris Residential Inc (VRE) currently trades at $32.65, while our model-based Fair Value estimate is $9.31, implying the stock looks roughly 250.8% overvalued today. The Quality Score stands at 56/100 (solid quality), in the Real Estate sector. Bull case: the Multiples group reads highest at a median of $13.63 per share, and 0 of the 8 models we run sit above the $32.65 price. Bear case: the Dividend Discount group reads lowest at $2.95, and 8 of the 8 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Veris Residential Inc generated revenue of $292M at a net margin of 24.6%. Revenue declined 1.6% year over year. It earns a return on equity of 5.9%. Net debt stands at $1.4B. Fundamentals as of Aug 23, 2026

Our scenario range runs from $9.31 (bear case) to $12.67 (bull case); at $32.65, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 142% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at −46% fair-value upside, at −71%, VRE screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly $0.2797 per share, which is 3.0 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income best evidence $9.27 $9.47 $9.22 74
5Y EBITDA Exit $4.36 $13.17 69
Gordon GGM $2.73 $2.95 $3.26 67
All 10 models by family
DCF Models
5Y EBITDA Exit $4.36 $13.17 69
10Y EBITDA Exit $3.72 63
Dividend Discount
Gordon GGM $2.73 $2.95 $3.26 67
DDM Multi-Stage $2.73 $3.25 $3.92 65
Multiples
P/S Multiple $10.22 $13.63 $17.04 58
P/B Multiple $10.22 $13.63 $17.04 55
EV/EBIT $0.4300 61
EV/EBITDA $4.38 $10.52 $16.67 63
Asset-Based
NCAV (Graham) $6.14 $8.22 $12.27 54
Economic Profit
Residual Income best evidence $9.27 $9.47 $9.22 74

Widest divergence: Multiples ($13.63) versus Dividend Discount ($2.95). Highest evidence: Residual Income (74).

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Key figures & financial health

P/E ratio 26.0 as of Jun 25, 2026
P/S ratio 6.79 P/E × margin
EPS (TTM) $0.7300 price ÷ EPS = P/E 26.0
Dividend yield 1.0% payout 43.8%
Net margin 26.1% FY2025
Return on equity 5.9% TTM
More key figures
Profitability
Return on assets (EBIT) 0.6% avg 5y
Operating margin 18.6% TTM
Growth
Revenue (TTM) $292M TTM
Revenue growth (YoY) −1.6% 3y avg +7.3%
EPS growth (YoY) +269%
Balance sheet & cash flow
Free cash flow $76.0M FY2025
Net debt $1.4B FY2025 · ≈ 17.8 yrs of FCF

Figures from reported company fundamentals · as of Aug 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 53 · Market factors (momentum, volatility) 77

Profitability 33
Margins and returns on capital today
Quality Growth 73
Are margins and returns improving?
Cashflow 66
Earnings quality: real cash, not paper profit
Fin. Strength 26
Balance sheet, leverage, solvency risk
Investment 84
Disciplined investing over empire-building
Low Volatility 28
Calm price path (market factor)
Momentum 97
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 56
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Veris Residential, Inc. is a forward-thinking real estate investment trust (REIT) that primarily owns, operates, acquires and develops premier Class A multifamily properties in the Northeast.

Full company description

Veris Residential, Inc. is a forward-thinking real estate investment trust (REIT) that primarily owns, operates, acquires and develops premier Class A multifamily properties in the Northeast. Our technology-enabled, vertically integrated operating platform delivers a contemporary living experience aligned with residents' preferences while positively impacting the communities we serve. We are guided by an experienced management team and Board of Directors, underpinned by leading corporate governance principles; a best-in-class approach to operations; and an inclusive culture based on meritocratic empowerment. Veris Residential, Inc.is based in Jersey City, United States.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Veris Residential Inc reported revenue of $288M in FY2025 versus $323M in FY2021, a compound −2.8%/yr. Reported net income was $75.2M in FY2025.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
$288M
Latest YoY
+6.4%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+7.3%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−1.7%
Avg. revenue growth/yr (31Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+9.6%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+32.7% · in USD
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+31.7%
Dividend yield1.0%
Trend Two data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y 31.7% vs 10Y 0.1%, picking up
Operating margin (EBIT) Operating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−7.5% (2020) → 17.1% (2025) · rising
Worst earnings drop585% (2023) (loss year, drop beyond 100%) · in USD
⚠ Revenue per share shrinking 8.3%/yr over ~10Y (margins eroding too) Structural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Revenue −2.8%/yr
FY21 $323M
FY22 $233M
FY23 $260M
FY24 $271M
FY25 $288M
Net income
FY21 −$126M
FY22 −$57.5M
FY23 −$111M
FY24 −$22.7M
FY25 $75.2M

VRE screens 251% overvalued. Compare with EQR →

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Cite: Fair Value Calculator (2026). "Veris Residential Inc Fair Value". https://www.fairvalue-calculator.com/stock/VRE.US

Peer Group

REIT - Residential · 44 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 57 · Above median
Fair Value upside −72% · Bottom 25%
Return on equity (TTM) 6% · Above median
Return on assets 1% · Below median
Net margin (TTM) 25% · Above median
Operating margin (TTM) 19% · Below median
Revenue growth −2% · Bottom 25%
Dividend yield (TTM) 1.0% · Bottom 25%
Debt / equity 1.16× · Higher than median

Valuation Multiples vs REIT - Residential median · lower = cheaper

P/E (TTM) 26.0× · Pricier than median
P/B 1.69× · Pricier than median
P/S (TTM) 6.65× · Pricier than median
P/FCF 25.6× · Pricier than 75% of peers
EV/EBITDA 22.6× · Pricier than 75% of peers
PEG 8.59× · Pricier than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 5
FUTURE0 · sector 12
PAST24 · sector 6
HEALTH42 · sector 62
DIVIDEND20 · sector 77

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more REIT - Residential stocks, each showing price versus our Fair Value estimate (as of Aug 23, 2026).

Stock Price Fair Value vs Fair Value
EQR EQR $66.79 $36.19 −46%
Essex Property Trust, Inc ESS $284.03 $177.90 −37%
Invitation Homes INVH $29.78 $15.91 −47%
Mid-America Apartment Communities, Inc MAA $129.36 $65.28 −50%
Sun Communities, Inc SUI $118.34 $121.64 +3%
UDR, Inc UDR $37.51 $19.76 −47%
American Homes 4 Rent (AMH or the General Partner) AMH $34.56 $21.07 −39%
Equity LifeStyle Properties, Inc ELS $65.44 $20.93 −68%
Camden Property Trust, an S&P 500 Company CPT $105.96 $41.51 −61%
Millrose Properties, Inc MRP $31.72 $41.87 +32%

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Frequently asked questions

Is Veris Residential Inc (VRE) overvalued or undervalued?
As of Aug 23, 2026, our model estimates a fair value of $9.31 versus the last price from Jun 5, 2026 of $32.65, about −71% upside (overvalued).
What is the fair value of VRE?
Our model-based fair value for Veris Residential Inc is $9.31 (as of Aug 23, 2026), built from audited fundamentals. Last price (from Jun 5, 2026): $32.65.
What is the quality score of VRE?
Veris Residential Inc has a Quality Score of 56/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Veris Residential Inc (VRE)?
Our model-based price target is the fair value of $9.31 (as of Aug 23, 2026) from 10 valuation models. Cautious scenario $9.31, optimistic scenario $12.67. It is a calculation from audited fundamentals, not an analyst target.
What is the Veris Residential Inc stock forecast for 2026?
Our models put fair value at $9.31, about −71% upside versus the last price from Jun 5, 2026 of $32.65 (overvalued). Cautious scenario $9.31, optimistic scenario $12.67. The calculation is refreshed regularly with new filings.
What is the revenue of Veris Residential Inc (VRE)?
Veris Residential Inc reported trailing-twelve-month revenue of about $292M (latest available figure, as of Aug 23, 2026).
What is the net profit margin of VRE?
The net profit margin of Veris Residential Inc is about 24.6%, meaning it keeps roughly 24.6% of revenue as net income. Based on the latest reported figures.
Does Veris Residential Inc pay a dividend?
Veris Residential Inc currently shows a dividend yield of about 0.98% relative to its recent price (as of Aug 23, 2026).
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