Bullish indicating open at $55-$60, IPO prices at $37
Veris Residential Inc. stock reached a 52-week low, closing at $14.1. The $1.45 billion market cap REIT has seen its stock price decrease by 10.69% over the past year, despite posting 5% revenue growth in the last twelve months. The real estate investment trust, which focuses on residential properties, faces challenges amid fluctuating market conditions and broader economic factors. According to InvestingPro analysis, while the company maintains strong liquidity with a current ratio of 3.46, it remains unprofitable over the last twelve months. The decline in stock value over the last year highlights the volatility in the real estate sector and the pressures impacting Veris Residential’s financial performance. Investors will be watching closely to see how the company navigates these challenges moving forward, with InvestingPro data suggesting the stock is currently trading slightly above its Fair Value.
In other recent news, Veris Residential Inc. reported impressive financial results for the second quarter of 2025. The company achieved an earnings per share (EPS) of $0.12, which was significantly higher than the anticipated -$0.05, marking a 340% surprise. Additionally, Veris Residential’s revenue reached $75.93 million, surpassing the forecasted $70.19 million and reflecting an 8.18% surprise. These results have been well-received in the market.
In other developments, analysts have noted the company’s performance, though specific upgrades or downgrades were not mentioned in the reports. As investors digest these outcomes, the focus remains on how Veris Residential will continue to perform in upcoming quarters. The company’s ability to exceed expectations in both earnings and revenue is a key point of interest. These recent developments provide a snapshot of Veris Residential’s current financial health and market position.
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