veris residential develops, owns, and manages premier multifamily communities. beneath that simple statement of fact lies the founding principle of all we do: caring for properties, people, and the planet. underpinned by high-quality assets and best-in-class technology, we curate holistic places and living experiences that meet the sustainability-conscious lifestyle needs of today’s residents, while empowering our team members, rewarding our partners and investors, and helping to sustain the planet we all share. veris residential unifies the vision and expertise of one of the country’s leading real estate investment trusts, mack-cali realty corporation, and its wholly owned subsidiary, roseland residential. with a new name and a new focus, we are creating new possibilities. actively envisioning a better tomorrow, and doing the work necessary today to go forward together. diversifying our workforces. enhancing our communities. reducing our environmental impact. increasing our transpar
Company profile
Ticker
VRE
Exchange
Website
CEO
Mahbod Nia
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
CALI REALTY CORP /NEW/, CALI REALTY L P, MACK CALI REALTY CORP
SEC CIK
Corporate docs
Subsidiaries
1 WATER STREET L.L.C. • 3 CAMPUS REALTY LLC • 6 BECKER URBAN RENEWAL, L.L.C. • 14/16 SKYLINE REALTY 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. ...
IRS number
223305147
VRE stock data
Latest filings (excl ownership)
8-K
Departure of Directors or Certain Officers
11 Mar 24
8-K
Veris Residential Declares Quarterly Cash Dividend
29 Feb 24
8-K
Results of Operations and Financial Condition
21 Feb 24
10-K
2023 FY
Annual report
21 Feb 24
8-K
Veris Residential Declares Quarterly Cash Dividend
19 Dec 23
8-K
Entry into a Material Definitive Agreement
16 Nov 23
424B5
Prospectus supplement for primary offering
15 Nov 23
8-K
Results of Operations and Financial Condition
25 Oct 23
10-Q
2023 Q3
Quarterly report
25 Oct 23
8-K
Departure of Directors or Certain Officers
4 Oct 23
Transcripts
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
VRE
Earnings call transcript
2022 Q2
6 Aug 22
VRE
Earnings call transcript
2022 Q1
7 May 22
VRE
Earnings call transcript
2021 Q4
26 Feb 22
VRE
Earnings call transcript
2021 Q3
4 Nov 21
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
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) | 40.88 mm | 40.88 mm | 40.88 mm | 40.88 mm | 40.88 mm | 40.88 mm |
Cash burn (monthly) | 127.89 mm | 1.93 mm | 20.38 mm | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 761.42 mm | 11.50 mm | 121.34 mm | n/a | n/a | n/a |
Cash remaining | -720.54 mm | 29.38 mm | -80.46 mm | n/a | n/a | n/a |
Runway (months of cash) | -5.6 | 15.2 | -3.9 | n/a | n/a | n/a |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 174 |
Opened positions | 19 |
Closed positions | 19 |
Increased positions | 59 |
Reduced positions | 67 |
13F shares | Current |
---|---|
Total value | 1.35 tn |
Total shares | 95.17 mm |
Total puts | 33.10 k |
Total calls | 242.50 k |
Total put/call ratio | 0.1 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 15.18 mm | $250.41 bn |
Vanguard | 12.40 mm | $204.62 bn |
Mack William L | 7.45 mm | $92.86 mm |
Wellington Management | 7.18 mm | $118.41 bn |
Madison International Realty | 6.11 mm | $100.78 bn |
Bow Street | 5.31 mm | $59.27 mm |
STT State Street | 5.01 mm | $82.93 bn |
H/2 Credit Manager | 4.70 mm | $77.46 bn |
PRU Prudential Financial | 4.09 mm | $67.55 bn |
JPM JPMorgan Chase & Co. | 2.29 mm | $37.74 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
18 Mar 24 | Nia Mahbod | Common Stock, $0.01 par value | Gift | Dispose G | No | No | 0 | 46,522 | 0.00 | 297,464 |
18 Mar 24 | Nia Mahbod | Common Stock, $0.01 par value | Payment of exercise | Dispose F | No | No | 14.808 | 22,585 | 334.44 k | 343,986 |
18 Mar 24 | Anna Malhari | Common Stock, $0.01 par value | Payment of exercise | Dispose F | No | No | 14.808 | 2,523 | 37.36 k | 62,813 |
18 Mar 24 | Amanda Lombard | Common Stock, $0.01 par value | Payment of exercise | Dispose F | No | No | 14.808 | 2,733 | 40.47 k | 60,186 |
18 Mar 24 | Fielder Taryn D. | Common Stock, $0.01 par value | Payment of exercise | Dispose F | No | No | 14.808 | 2,626 | 38.89 k | 60,293 |
12 Mar 24 | Nia Mahbod | RSU | Grant | Acquire A | No | No | 0 | 148,448 | 0.00 | 366,571 |
12 Mar 24 | Nia Mahbod | RSU Common Stock, $0.01 par value | Grant | Acquire A | No | No | 0 | 148,448 | 0.00 | 148,448 |
12 Mar 24 | Nia Mahbod | RSU Common Stock, $0.01 par value | Grant | Acquire A | No | No | 0 | 160,438 | 0.00 | 160,438 |
Press releases
Veris Residential Declares Quarterly Cash Dividend
29 Feb 24
Veris Residential, Inc. Reports Fourth Quarter and Full Year 2023 Results
21 Feb 24
Veris Residential, Inc. Announces Dates for Fourth Quarter 2023 Financial Results and Webcast
6 Feb 24
Veris Residential Announces Tax Treatment of 2023 Distributions
22 Jan 24