Veris Residential's Book Value per Share for the quarter that ended in Dec. 2023 was $12.33.
During the past 12 months, Veris Residential's average Book Value per Share Growth Rate was -9.00% per year.
During the past 3 years, the average Book Value per Share Growth Rate was -7.20% per year.
During the past 5 years, the average Book Value per Share Growth Rate was -5.90% per year.
During the past 10 years, the average Book Value per Share Growth Rate was -3.50% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.
During the past 13 years, the highest 3-Year average Book Value per Share Growth Rate of Veris Residential was 31.10% per year. The lowest was -7.20% per year. And the median was -2.00% per year.
Competitive Comparison
For the REIT - Residential subindustry, Veris Residential's 3-Year Book Growth Rate, along with its competitors' market caps and 3-Year Book Growth Rate data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Veris Residential 3-Year Book Growth Rate Distribution
For the REITs industry and Real Estate sector, Veris Residential's 3-Year Book Growth Rate distribution charts can be found below:
* The bar in red indicates where Veris Residential's 3-Year Book Growth Rate falls into.
Veris Residential 3-Year Book Growth Rate Calculation
This is the 3-year average growth rate of Book Value per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.
Veris Residential (NYSE:VRE) 3-Year Book Growth Rate Explanation
Book Value per Share is the ratio of equity available to common shareholders divided by the shares outstanding. Book value per share effectively indicates a firm's net asset value on a per-share basis. It can be used by investors to gauge whether a stock price is undervalued by comparing it to the firm's market value per share. Theoretically, it is what the shareholders will receive if the company is liquidated.
Veris Residential 3-Year Book Growth Rate Related Terms
Thank you for viewing the detailed overview of Veris Residential's 3-Year Book Growth Rate provided by GuruFocus.com. Please click on the following links to see related term pages.
Veris Residential (Veris Residential) Business Description
Veris Residential Inc is a fully-integrated, self-administered and self-managed real estate investment trust (REIT). The company owns and operates a real estate portfolio comprised predominantly of multifamily rental properties located mainly in the Northeast and Class A office properties. The company performs substantially all real estate management, leasing, acquisition and development on an in-house basis. The properties are in three states in the Northeast, plus the District of Columbia. The company operates in two industry segments multifamily real estate & services and commercial & other real estate. The majority of revenue is from Multifamily real estate services.
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