Veris Residential traded at $16.64 this Friday February 6th, increasing $0.61 or 3.81 percent since the previous trading session. Looking back, over the last four weeks, Veris Residential gained 10.79 percent. Over the last 12 months, its price rose by 3.48 percent. Looking ahead, we forecast Veris Residential to be priced at 14.72 by the end of this quarter and at 13.40 in one year, according to Trading Economics global macro models projections and analysts expectations.
Mack-Cali Realty Corporation, together with its subsidiaries is a self-administered and self-managed real estate investment trust (REIT). The Company owns and operates a real estate portfolio comprised predominantly of Class A office and multi-family rental properties located primarily in the Northeast. The Company performs substantially all real estate leasing, management, acquisition and development on an in-house basis. The Company operates through two segments: commercial and other real estate, and multi-family real estate and services. The Company provides leasing, property management, acquisition, development, construction and tenant-related services for its commercial and other real estate and multi-family real estate portfolio. The Company’s multi-family services business also provides similar services for third parties.