VRE (Veris Residential) ROCE % : 1.52% (As of Sep. 2024)

View and export this data going back to 1994. Start your Free Trial

What is Veris Residential ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Veris Residential's annualized ROCE % for the quarter that ended in Sep. 2024 was 1.52%.

Veris Residential ROCE % Historical Data

The historical data trend for Veris Residential's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Veris Residential ROCE % Chart

Veris Residential Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

7.88

-0.72

-2.41

0.67

-0.50

Veris Residential Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-0.04	-3.79	1.94	3.06	1.52

Veris Residential ROCE % Calculation

Veris Residential's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-17.564	/	( ( (3920.768 - 102.223)	+	(3241.046 - 82.597) )	/ 2 )
	=	-17.564	/	( (3818.545	+	3158.449)	/ 2 )
	=	-17.564	/	3488.497
	=	-0.50 %

Veris Residential's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	41.732	/	( ( (3037.925 - 124.794)	+	(3005.84 - 422.365) )	/ 2 )
	=	41.732	/	( ( 2913.131	+	2583.475 )	/ 2 )
	=	41.732	/	2748.303
	=	1.52 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Veris Residential (NYSE:VRE) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Veris Residential ROCE % Related Terms

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

Veris Residential Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Veris Residential Inc (NYSE:VRE) » Definitions » ROCE %

Comparable Companies

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

Mahbod Nia	director	C/O COLONY NORTHSTAR, INC., 590 MADISON AVENUE, 34TH FLOOR, NEW YORK NY 10022
Nori Gerardo Lietz	director	HARBORSIDE 3, 210 HUDSON ST., SUITE 400, JERSEY CITY NJ 07311
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
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
Howard Steven Stern	director	11601 WILSHIRE BLVD 4TH FLOOR, LOS ANGELES CA 90025
Tammy Jones	director	MONOGRAM RESIDENTIAL TRUST,INC., 5800 GRANITE PARKWAY, SUITE 1000, PLANO TX 75024
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