Veris Residential Inc
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 guid… Read more
Veris Residential Inc (VRE) - Net Assets
Latest net assets as of September 2025: $1.28 Billion USD
Based on the latest financial reports, Veris Residential Inc (VRE) has net assets worth $1.28 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.79 Billion) and total liabilities ($1.51 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.28 Billion |
| % of Total Assets | 45.89% |
| Annual Growth Rate | 7.34% |
| 5-Year Change | -41.0% |
| 10-Year Change | -26.21% |
| Growth Volatility | 45.05 |
Veris Residential Inc - Net Assets Trend (1994–2024)
This chart illustrates how Veris Residential Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Veris Residential Inc (1994–2024)
The table below shows the annual net assets of Veris Residential Inc from 1994 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.24 Billion | -4.77% |
| 2023-12-31 | $1.30 Billion | -31.86% |
| 2022-12-31 | $1.91 Billion | -2.85% |
| 2021-12-31 | $1.97 Billion | -6.41% |
| 2020-12-31 | $2.11 Billion | -4.41% |
| 2019-12-31 | $2.20 Billion | +8.64% |
| 2018-12-31 | $2.03 Billion | +7.80% |
| 2017-12-31 | $1.88 Billion | +8.93% |
| 2016-12-31 | $1.73 Billion | +2.55% |
| 2015-12-31 | $1.68 Billion | -10.54% |
| 2014-12-31 | $1.88 Billion | -1.90% |
| 2013-12-31 | $1.92 Billion | -7.25% |
| 2012-12-31 | $2.07 Billion | -3.97% |
| 2011-12-31 | $2.15 Billion | +5.38% |
| 2010-12-31 | $2.04 Billion | -4.63% |
| 2009-12-31 | $2.14 Billion | +9.38% |
| 2008-12-31 | $1.96 Billion | -6.71% |
| 2007-12-31 | $2.10 Billion | +4.49% |
| 2006-12-31 | $2.01 Billion | +5.13% |
| 2005-12-31 | $1.91 Billion | -3.09% |
| 2004-12-31 | $1.97 Billion | +0.18% |
| 2003-12-31 | $1.97 Billion | +4.53% |
| 2002-12-31 | $1.88 Billion | +0.29% |
| 2001-12-31 | $1.88 Billion | -1.26% |
| 2000-12-31 | $1.90 Billion | -3.94% |
| 1999-12-31 | $1.98 Billion | +2.88% |
| 1998-12-31 | $1.93 Billion | +25.28% |
| 1997-12-31 | $1.54 Billion | +110.98% |
| 1996-12-31 | $728.34 Million | +218.89% |
| 1995-12-31 | $228.40 Million | +54.01% |
| 1994-12-31 | $148.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Veris Residential Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 146618700000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $929.00K | 0.08% |
| Other Comprehensive Income | $154.00K | 0.01% |
| Other Components | $2.56 Billion | 233.27% |
| Total Equity | $1.10 Billion | 100.00% |
Veris Residential Inc Competitors by Market Cap
The table below lists competitors of Veris Residential Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Coats Group plc
PINK:CGGGF
|
$1.53 Billion |
|
Zhefu Holding Group Co Ltd
SHE:002266
|
$1.53 Billion |
|
V2X INC. DL-01
F:1V1
|
$1.53 Billion |
|
Greenbrier Companies Inc
NYSE:GBX
|
$1.53 Billion |
|
Pingdingshan Tianan Coal Mining Co Ltd
SHG:601666
|
$1.53 Billion |
|
PagSeguro Digital Ltd
NYSE:PAGS
|
$1.53 Billion |
|
PT Aneka Tambang Tbk
F:AKTA
|
$1.53 Billion |
|
REN - Redes Energéticas Nacionais SGPS S.A
LS:RENE
|
$1.53 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Veris Residential Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,137,477,999 to 1,099,391,000, a change of -38,086,999 (-3.3%).
- Net loss of 23,120,000 reduced equity.
- Dividend payments of 24,052,000 reduced retained earnings.
- Share repurchases of 1,765,000 reduced equity.
- New share issuances of 1,765,000 increased equity.
- Other comprehensive income increased equity by 1,416,658,000.
- Other factors decreased equity by 1,407,572,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-23.12 Million | -2.1% |
| Dividends Paid | $24.05 Million | -2.19% |
| Share Repurchases | $1.76 Million | -0.16% |
| Share Issuances | $1.76 Million | +0.16% |
| Other Comprehensive Income | $1.42 Billion | +128.86% |
| Other Changes | $-1.41 Billion | -128.03% |
| Total Change | $- | -3.35% |
Book Value vs Market Value Analysis
This analysis compares Veris Residential Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.74x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | $10.55 | $18.85 | x |
| 1995-12-31 | $16.67 | $18.85 | x |
| 1996-12-31 | $37.60 | $18.85 | x |
| 1997-12-31 | $26.21 | $18.85 | x |
| 1998-12-31 | $22.29 | $18.85 | x |
| 1999-12-31 | $21.48 | $18.85 | x |
| 2000-12-31 | $19.89 | $18.85 | x |
| 2001-12-31 | $22.11 | $18.85 | x |
| 2002-12-31 | $22.21 | $18.85 | x |
| 2003-12-31 | $23.36 | $18.85 | x |
| 2004-12-31 | $22.48 | $18.85 | x |
| 2005-12-31 | $20.37 | $18.85 | x |
| 2006-12-31 | $19.61 | $18.85 | x |
| 2007-12-31 | $19.91 | $18.85 | x |
| 2008-12-31 | $19.15 | $18.85 | x |
| 2009-12-31 | $20.72 | $18.85 | x |
| 2010-12-31 | $19.01 | $18.85 | x |
| 2011-12-31 | $19.09 | $18.85 | x |
| 2012-12-31 | $17.67 | $18.85 | x |
| 2013-12-31 | $16.46 | $18.85 | x |
| 2014-12-31 | $16.24 | $18.85 | x |
| 2015-12-31 | $14.52 | $18.85 | x |
| 2016-12-31 | $15.20 | $18.85 | x |
| 2017-12-31 | $14.66 | $18.85 | x |
| 2018-12-31 | $14.76 | $18.85 | x |
| 2019-12-31 | $14.83 | $18.85 | x |
| 2020-12-31 | $15.43 | $18.85 | x |
| 2021-12-31 | $14.11 | $18.85 | x |
| 2022-12-31 | $13.57 | $18.85 | x |
| 2023-12-31 | $11.28 | $18.85 | x |
| 2024-12-31 | $10.84 | $18.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Veris Residential Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -2.10%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.53%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 2.71x
- Recent ROE (-2.10%) is below the historical average (3.33%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 3.60% | 23.08% | 0.08x | 2.08x | $-6.93 Million |
| 1995 | 7.32% | 21.83% | 0.17x | 1.96x | $-4.98 Million |
| 1996 | 4.55% | 33.46% | 0.09x | 1.46x | $-38.19 Million |
| 1997 | 0.12% | 0.56% | 0.10x | 2.24x | $-114.34 Million |
| 1998 | 8.19% | 23.61% | 0.14x | 2.42x | $-25.81 Million |
| 1999 | 8.30% | 21.71% | 0.15x | 2.52x | $-24.45 Million |
| 2000 | 12.75% | 32.17% | 0.16x | 2.53x | $40.01 Million |
| 2001 | 9.19% | 22.53% | 0.16x | 2.62x | $-11.60 Million |
| 2002 | 9.61% | 24.53% | 0.15x | 2.61x | $-5.70 Million |
| 2003 | 9.28% | 24.40% | 0.16x | 2.43x | $-11.10 Million |
| 2004 | 6.63% | 17.39% | 0.15x | 2.49x | $-52.06 Million |
| 2005 | 6.32% | 14.84% | 0.15x | 2.81x | $-55.64 Million |
| 2006 | 9.47% | 19.54% | 0.17x | 2.89x | $-8.12 Million |
| 2007 | 6.73% | 13.67% | 0.18x | 2.80x | $-53.79 Million |
| 2008 | 3.48% | 6.91% | 0.18x | 2.88x | $-100.72 Million |
| 2009 | 2.98% | 7.14% | 0.16x | 2.58x | $-128.58 Million |
| 2010 | 3.12% | 6.97% | 0.18x | 2.48x | $-120.93 Million |
| 2011 | 3.78% | 9.86% | 0.17x | 2.27x | $-117.54 Million |
| 2012 | 2.32% | 5.81% | 0.16x | 2.56x | $-135.78 Million |
| 2013 | -0.91% | -2.24% | 0.15x | 2.75x | $-179.14 Million |
| 2014 | 1.76% | 4.49% | 0.15x | 2.58x | $-133.91 Million |
| 2015 | -8.64% | -21.14% | 0.15x | 2.79x | $-271.32 Million |
| 2016 | 7.68% | 19.11% | 0.14x | 2.81x | $-35.49 Million |
| 2017 | 1.57% | 3.76% | 0.12x | 3.36x | $-124.44 Million |
| 2018 | 5.66% | 15.85% | 0.10x | 3.40x | $-64.55 Million |
| 2019 | 7.49% | 31.43% | 0.07x | 3.54x | $-37.51 Million |
| 2020 | -3.95% | -17.64% | 0.06x | 3.68x | $-195.20 Million |
| 2021 | -9.29% | -61.16% | 0.04x | 3.53x | $-247.24 Million |
| 2022 | -4.21% | -24.40% | 0.05x | 3.17x | $-175.63 Million |
| 2023 | -9.43% | -41.21% | 0.08x | 2.85x | $-221.01 Million |
| 2024 | -2.10% | -8.53% | 0.09x | 2.71x | $-133.06 Million |
Industry Comparison
This section compares Veris Residential Inc's net assets metrics with peer companies in the REIT - Residential industry.
Industry Context
- Industry: REIT - Residential
- Average net assets among peers: $970,119,400
- Average return on equity (ROE) among peers: 60.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Veris Residential Inc (VRE) | $1.28 Billion | 3.60% | 1.18x | $1.53 Billion |
| Apartment Investment and Management Co (AIV) | $596.03 Million | -0.99% | 3.08x | $554.15 Million |
| American Homes 4 Rent (AMH) | $4.17 Billion | -1.15% | 0.49x | $9.03 Billion |
| Altarea SCA (ATRRF) | $415.50 Million | 9.51% | 4.42x | $599.60 Million |
| AvalonBay Communities Inc (AVB) | $2.93 Billion | 14.07% | 1.45x | $22.00 Billion |
| Bluerock Homes Trust Inc. (BHM) | $568.89 Million | 0.01% | 0.70x | $25.85 Million |
| Boardwalk Real Estate Investment Trust (BOWFF) | $8.49 Million | 537.91% | 276.75x | $1.81 Billion |
| BRT Realty Trust (BRT) | $129.84 Million | -6.17% | 0.43x | $161.66 Million |
| BSR Real Estate Investment Trust (BSRTF) | $288.51 Million | 49.89% | 2.36x | $404.42 Million |
| Canadian Apartment Properties REIT (CDPYF) | $457.18 Million | 3.44% | 3.99x | $4.34 Billion |
| Clipper Realty Inc (CLPR) | $141.78 Million | -1.17% | 7.23x | $39.47 Million |