Added to YB: 2025-07-29
Pitch date: 2025-07-26
VRE [bullish]
Veris Residential, Inc.
+16.33%
current return
Author Info
No bio for this author
Company Info
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.
Market Cap
$1.6B
Pitch Price
$14.48
Price Target
20.00 (+19%)
Dividend
1.92%
EV/EBITDA
22.08
P/E
26.46
EV/Sales
10.67
Sector
Residential REITs
Category
value
Veris Residential (NYSE:VRE)
VRE: Trading at 6.1% cap rate & ~27% discount to $20/share NAV. 4 suburban properties sold/under contract at 5.25% cap rate, focusing on NJ waterfront crown jewels. Kushner offered $18.50 in 2022. Madison (6.5% owner) founder left board, CIO departed - signals M&A. Strong demographics (10% w/ 7-figure incomes), newer assets than peers. Risk: high G&A, leverage, 2025-27 debt maturities.
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