Veris Residential (Veris Residential) GF Value Rank : 9 (As of Apr. 25, 2024)

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What is Veris Residential GF Value Rank?

Veris Residential has the GF Value Rank of 9.

The GF Value Rank is determined by the price-to-GF-Value (P/GF Value) ratio, a proprietary metric calculated based on historical multiples along with an adjustment factor based on a company's past returns and growth and future estimates of the business' performance.

GuruFocus found that for valuation, we cannot simply give stocks a better GF Value rank simply because they have a lower P/GF Value ratio. Backtesting shows that over the long term, the two worst-performing groups are the most expensive group (with the highest P/GF Value ratio) and the least expensive group (with the lowest P/GF Value ratio).

We can understand why the most expensive group underperforms. We were initially puzzled by the underperformance of the least expensive group, but we realized there is a reason why some stocks are super cheap. If they look too undervalued, it is often because the businesses behind them are poor quality. The market realized this and gave them low valuations. In a way, the market is efficient.

After multiple backtesting analyses, we granted the stocks in third-cheapest percentile the highest GF Value rank, as they have performed the best over a full market cycle. Stock performance is actually not as sensitive to valuation as it is to growth and profitability. On average, the companies in the 20%-50% valuation groups have similar performances. Therefore, we should avoid the most expensive and the least expensive stocks. We can be more tolerant of valuation.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Veris Residential's GF Value Rank

For the REIT - Residential subindustry, Veris Residential's GF Value Rank, along with its competitors' market caps and GF Value Rank 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's GF Value Rank Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Veris Residential's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Veris Residential's GF Value Rank falls into.

Veris Residential GF Value Rank Related Terms

Thank you for viewing the detailed overview of Veris Residential's GF Value Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Veris Residential (Veris Residential) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Veris Residential Inc (NYSE:VRE) » Definitions » GF Value Rank

Comparable Companies

ELME AIV UMH CSR NXRT BRT FREVS CLPR BHM IRT AVB EQR INVH SUI ESS MAA AMH UDR ELS CPT

Traded in Other Exchanges

N/A

Address

Harborside 3, 210 Hudson Street, Suite 400, Jersey City, NJ, USA, 07311

Website

https://www.verisresidential.com

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.

Executives

A. Akiva Katz	director	C/O MACK-CALI REALTY CORP, HARBORSIDE 3, 210 HUDSON ST., SUITE 400, JERSEY CITY NJ 07311
Stephanie L. Williams	director	C/O VERIS RESIDENTIAL, INC., 210 HUDSON STREET, SUITE 400, JERSEY CITY NJ 07311
Ronald Dickerman	director	410 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10022
Mahbod Nia	director	C/O COLONY NORTHSTAR, INC., 590 MADISON AVENUE, 34TH FLOOR, NEW YORK NY 10022
Taryn D. Fielder	officer: EVP, General Counsel & Sec.	1775 EYE STREET, N.W., SUITE 1000, WASHINGTON DC 20006
Jeffrey Scott Turkanis	officer: EVP & Chief Investment Officer	12 RICHARD ROAD, MARBLEHEAD MA 01945
Amanda Lombard	officer: Chief Accounting Officer	500 FIFTH AVENUE, SUITE 1530, NEW YORK NY 10110
Anna Malhari	officer: EVP & Chief Operating Officer	HARBORSIDE 3, 210 HUDSON ST., SUITE 400, JERSEY CITY NJ 07311
Victor B Macfarlane	director	151 EXECUTIVE PARK BLVD, BUILDING 2, SAN FRANCISCO CA 94134
Michael B Berman	director	C/O GENERAL GROWTH PROPERTIES, 110 NORTH WACKER DRIVE, CHICAGO IL 60606
Tammy Jones	director	MONOGRAM RESIDENTIAL TRUST,INC., 5800 GRANITE PARKWAY, SUITE 1000, PLANO TX 75024
Howard Steven Stern	director	11601 WILSHIRE BLVD 4TH FLOOR, LOS ANGELES CA 90025
Deidre Crockett	officer: EVP, Chief Admin. Officer	HARBORSIDE 3, 210 HUDSON ST., SUITE 400, JERSEY CITY NJ 07311
Alan R Batkin	director	399 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10022
Lisa Feinman Myers	director	HARBORSIDE 3, 210 HUDSON ST., SUITE 400, JERSEY CITY NJ 07311