Veris Residential Trades Below Replacement Cost Valuation

Colubeat Investment Desk's Feb. 17 note argues Veris Residential, Inc. (NYSE: VRE) is a mispriced luxury residential REIT, with shares at $16.84 and a trailing P/E of 26.40. The piece highlights young assets (average age nine years), high tenant incomes (~$390,000) and shares trading below replacement cost, suggesting limited downside and potential private-equity interest.