Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Veris Residential's share price for the quarter that ended in Mar. 2024 was $15.21. Veris Residential's Shares Outstanding (EOP) for the quarter that ended in Mar. 2024 was 92.4 Mil. Therefore, Veris Residential's market cap for the quarter that ended in Mar. 2024 was $1,405.2 Mil.
Veris Residential's quarterly market cap
declined
from Sep. 2023 ($1,521.6 Mil) to Dec. 2023 ($1,450.8 Mil) and
declined
from Dec. 2023 ($1,450.8 Mil) to Mar. 2024 ($1,405.2 Mil).
Veris Residential's annual market cap
declined
from Dec. 2021 ($1,671.6 Mil) to Dec. 2022 ($1,451.9 Mil) and
declined
from Dec. 2022 ($1,451.9 Mil) to Dec. 2023 ($1,450.8 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Veris Residential's Enterprise Value for Today is $3,125.5 Mil.
Veris Residential Market Cap Historical Data
The historical data trend for Veris Residential's Market Cap 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.
Competitive Comparison of Veris Residential's Market Cap
For the REIT - Residential subindustry, Veris Residential's Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Veris Residential's Market Cap distribution charts can be found below:
* The bar in red indicates where Veris Residential's Market Cap falls into.
Veris Residential Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Veris Residential's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Veris Residential (NYSE:VRE) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Veris Residential Market Cap Related Terms
Thank you for viewing the detailed overview of Veris Residential's Market Cap 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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