Veris Residential is a real estate investment trust. Co. owns and operates a real estate portfolio comprised of multifamily rental properties located primarily in the Northeast, as well as a portfolio of Class A office properties. Co. performs real estate management, leasing, acquisition and development on an in-house basis. Co.'s segments are: multifamily real estate and services and commercial and other real estate. Co. provides leasing, property management, acquisition, development, construction and tenant-related services for its commercial and other real estate and multifamily real estate portfolio. Co.'s multifamily services business also provides similar services for third parties. We show 10 historical shares outstanding datapoints in our VRE shares outstanding history coverage, used to compute VRE market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing VRE market cap history over the course of time is important for investors
interested in comparing VRE's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of VRE versus a peer is one thing; comparing
VRE market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like VRE can fluctuate over the course of history.
With this page we aim to empower investors researching VRE by allowing them to research the VRE market cap history. |
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Video: The Importance of Market Cap
