Is Veris Residential, Inc. overvalued or undervalued?

As of 31 October 2025, the valuation grade for Veris Residential, Inc. has moved from attractive to fair, indicating a shift in its perceived value. The company appears to be overvalued given its current metrics, particularly with a Price to Book Value of 1.30, an EV to EBITDA of 11.26, and a Dividend Yield of 187.66%. In comparison to its peers, OUTFRONT Media, Inc. has a much lower EV to EBITDA of 7.3225 and a P/E ratio of 24.9457, while Urban Edge Properties has a P/E ratio of 26.6533, highlighting Veris's relative overvaluation.
Recent stock performance further underscores this valuation narrative, as Veris Residential has underperformed against the S&P 500 across multiple periods, with a year-to-date return of -13.65% compared to the S&P 500's 16.30%. This trend suggests that investors may be reassessing the company's growth prospects and overall value in the current market environment.