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VRE – Veris Residential Inc

Not Compliant

—X—

Veris Residential Inc is not compliant with Shariah. The company’s financials fail all the five standards we check against.

$1,377,294,884

Market cap

95.22%

Revenue Growth

HOLD

Analysts' Rating

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Recommendation Rating

3

1

2

3

4

5

1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL

Analysts’ Price Targets

Mean 18.8

Low: 16

High: 26

Total Analysts: 3

Company Profile

Veris Residential, Inc. is a real estate investment trust (REIT). The Company primarily owns, operates, acquires, and develops holistically inspired, Class A multifamily properties. The Company’s segments include multifamily real estate and services and commercial and other real estate. The Company provides leasing, property management, acquisition, development, construction and tenant-related services for its commercial and other real estate and multifamily real estate portfolio. The Company’s multifamily services business also provides similar services to third parties. The Company owns and operates a real estate portfolio comprised predominantly of multifamily rental properties located primarily in the Northeast, as well as a portfolio of Class A office properties. The Company owns interests in approximately 22 multifamily rental properties as well as non-core assets comprised of seven office buildings, four parking/retail properties and three hotels, plus developable land.

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