Friday 6 November 2026
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Vivmark Residential
VMRK Real Estate Reit Residential
Vivmark Residential’s revenue for fiscal 2025 (year ended December 2025) was $3.1 billion, up 3.82% from fiscal 2024.
- Revenue
- +2.11%
- EPS
- −41.2%
- Free cash flow
- +298.7%
- Total debt
- −1.32%
Quarter to June 2026, against a year earlier
65.20
1.48
+2.32%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 2,426 | 2,471 | 2,578 | 2,701 | 2,572 | 2,464 | 2,735 | 2,874 | 2,980 | 3,094 | 3,129 | +2.7% | 4,356 | 6,500 | 6,826 | +30.2% | |
| Gross margin, % | 66.76 | 66.57 | 65.87 | 66.37 | 64.37 | 61.49 | 64.08 | 63.59 | 63.27 | 62.88 | 62.34 | (3.9) pt | ||||||
| EBT | 417 | 613 | 689 | 939 | 932 | 1,401 | 813 | 875 | 1,081 | 1,173 | 913 | +12.2% | ||||||
| EBT margin, % | 17.17 | 24.81 | 26.72 | 34.79 | 36.26 | 56.86 | 29.72 | 30.45 | 36.28 | 37.90 | 29.17 | +20.7 pt | ||||||
| Net income | 4,480 | 628 | 685 | 1,010 | 963 | 1,397 | 807 | 868 | 1,071 | 1,152 | 899 | (14.0%) | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 6.65 | 6.73 | 7.00 | 7.29 | 6.92 | 6.59 | 7.27 | 7.59 | 7.87 | 8.15 | 8.36 | +2.3% | |||||
| Earnings | 11.75 | 1.64 | 1.78 | 2.61 | 2.45 | 3.56 | 2.06 | 2.20 | 2.73 | 2.95 | 2.31 | (14.2%) | ||||||
| Cash flow | 3.33 | 3.45 | 3.69 | 3.93 | 3.40 | 3.37 | 3.87 | 4.05 | 4.15 | 4.34 | 4.19 | +3.0% | ||||||
| Capex | 16.09 | (1.53) | (0.99) | (2.25) | 1.83 | (0.97) | 0.73 | (0.92) | (2.82) | (0.03) | 0.89 | n/m | ||||||
| Free cash flow | 19.42 | 1.92 | 2.70 | 1.68 | 5.23 | 2.40 | 4.59 | 3.12 | 1.33 | 4.31 | 5.08 | (15.4%) | ||||||
| Book value | 28.66 | 28.54 | 28.26 | 28.46 | 28.95 | 29.93 | 30.26 | 29.80 | 29.69 | 29.59 | 28.59 | +0.4% | ||||||
| Shares, m | 365 | 367 | 368 | 370 | 372 | 374 | 376 | 379 | 379 | 380 | 378 | +0.4% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 5.41 | 38.96 | 37.08 | 31.00 | 24.20 | 25.57 | 28.56 | 28.25 | 26.29 | 21.30 | 28.23 | 26.7 | |||||
| P/S | 9.57 | 9.43 | 9.43 | 11.10 | 8.57 | 13.73 | 8.09 | 8.19 | 9.12 | 7.73 | 7.80 | 9.5 | ||||||
| P/B | 2.23 | 2.23 | 2.34 | 2.85 | 2.05 | 3.03 | 1.95 | 2.09 | 2.42 | 2.13 | 2.28 | 2.3 | ||||||
| EV/Sales | 13.25 | 13.03 | 12.83 | 14.43 | 11.68 | 17.07 | 10.79 | 10.74 | 11.83 | 10.36 | 10.42 | 12.6 | ||||||
| EV/FCF | 4.53 | 45.79 | 33.32 | 62.48 | 15.45 | 46.90 | 17.08 | 26.11 | 69.80 | 19.59 | 17.17 | 34.1 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 1,214 | 1,266 | 1,356 | 1,457 | 1,266 | 1,260 | 1,455 | 1,533 | 1,574 | 1,649 | 1,566 | +3.5% | |||||
| Capex | 5,874 | (562) | (364) | (833) | 679 | (364) | 273 | (350) | (1,069) | (13) | 334 | n/m | ||||||
| Free cash flow | 7,088 | 703 | 992 | 624 | 1,944 | 897 | 1,728 | 1,183 | 505 | 1,636 | 1,900 | (15.0%) | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | (131) | (122) | (118) | (115) | (131) | (53) | (108) | (102) | (111) | (127) | (157) | (0.4%) | |||||
| Net debt | 8,910 | 8,907 | 8,770 | 8,991 | 8,002 | 8,218 | 7,372 | 7,340 | 8,059 | 8,119 | 8,225 | (1.0%) | ||||||
| Shareholders’ equity | 10,461 | 10,474 | 10,400 | 10,545 | 10,763 | 11,187 | 11,383 | 11,289 | 11,246 | 11,233 | 10,697 | +0.8% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 19.58 | 2.91 | 3.20 | 4.65 | 4.39 | 6.42 | 3.74 | 4.14 | 5.05 | 5.38 | 4.23 | (14.2) pt | |||||
| ROIC | 2.76 | 3.24 | 3.63 | 4.34 | 4.39 | 5.40 | 3.72 | 3.89 | 4.59 | 4.83 | 4.23 | +2.1 pt | ||||||
| ROE | 40.69 | 5.76 | 6.29 | 9.27 | 8.58 | 12.16 | 6.88 | 7.37 | 9.19 | 9.97 | 7.99 | (30.7) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 2,700 | 2,700 | 2,700 | 2,700 | 2,600 | 2,400 | 2,400 | 2,400 | 2,500 | 2,400 | — | (1.3%) | |||||
| Revenue/emp, $m | 0.90 | 0.92 | 0.95 | 1.00 | 0.99 | 1.03 | 1.14 | 1.20 | 1.19 | 1.29 | — | +4.1% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026
Business profile
Vivmark Residential vs peers in Reit Residential (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| VMRK Vivmark Residential | $50.5B | 28.2× | 39.4× | +2.11% (above 0%: growing) | −41.18% (below 0%: shrinking) | +298.73% (above 0%: growing) | 61.38% | 25.75% | |
| ESS Essex Property Trust, Inc. | $18.1B | 49.3× | 46.4× | +4.10% (above 0%: growing) | −36.97% (below 0%: shrinking) | −5.14% (below 0%: shrinking) | 66.94% | 31.82% | Compare |
| INVH Invitation Home | $15.9B | 24.0× | 30.4× | +6.26% (above 0%: growing) | +22.91% (above 0%: growing) | +239.04% (above 0%: growing) | 54.14% | 21.76% | Compare |
| SUI Sun Communities, Inc. | $14.6B | — (loss-making) | — (loss-making) | +12.56% (above 0%: growing) | +1,411.29% (above 0%: growing) | +42.90% (above 0%: growing) | 63.45% | 28.16% | Compare |
| MAA Mid-America Apartment Communities, Inc. | $14.5B | 36.5× | 32.1× | +1.04% (above 0%: growing) | −11.86% (below 0%: shrinking) | +81.71% (above 0%: growing) | 57.07% | 24.91% | Compare |
| CPT Camden Property Trust | $14.0B | 34.2× | 66.4× | −0.90% (below 0%: shrinking) | −75.68% (below 0%: shrinking) | −1,195.62% (below 0%: shrinking) | 64.13% | 12.20% | Compare |
| ELS Equity Lifestyle Properties, Inc. | $12.7B | 31.0× | 28.8× | +4.22% (above 0%: growing) | −10.00% (below 0%: shrinking) | +33.46% (above 0%: growing) | 52.10% | 33.35% | Compare |
| UDR United Dominion Realty Trust, Inc. | $12.5B | 16.9× | 30.1× | −0.88% (below 0%: shrinking) | +500.08% (above 0%: growing) | −180.36% (below 0%: shrinking) | 62.20% | 63.12% | Compare |
| AMH American Homes 4 Rent | $11.9B | 27.0× | 32.4× | +4.10% (above 0%: growing) | −14.81% (below 0%: shrinking) | −25.98% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| Median of peers | $14.3B | 31.0× | 32.1× | +4.10% | −10.93% | +14.16% | 59.63% | 26.54% |
Largest institutional holders 13F, quarter to 30 June 2026
Held by institutions
99.99%
Held by the ten largest
62.46%
| Holder | Shares | Stake | Change |
|---|---|---|---|
| Vanguard | 58.36m | 15.57% | +487.47k |
| BlackRock | 45.71m | 12.19% | +2.35m |
| Norges Bank | 34.84m | 9.29% | +34.84m |
| State Street | 23.77m | 6.34% | −328.84k |
| First Eagle Investment Management, LLC | 19.06m | 5.08% | +9.59m |
| T. Rowe Price | 17.76m | 4.74% | −509.12k |
| APG Asset Management US Inc. | 10.86m | 2.90% | 0.00 |
| Geode Capital Management | 10.61m | 2.83% | +50.58k |
| Fidelity (FMR) | 6.96m | 1.86% | +223.51k |
| UBS | 6.23m | 1.66% | +4.56m |
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.
Pay and ownership Proxy statement filed 14 April 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 12.76m | 7.09m | 127.21 |
| 2024 | 11.36m | 19.07m | 139.10 |
| 2023 | 11.36m | 11.89m | 115.10 |
| 2022 | 11.24m | 836.94k | 106.23 |
| 2021 | 8.49m | 16.99m | 157.30 |
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Read the proxy statement
Vivmark Residential (VMRK) Latest News
30 Jul
23 Jul
22 Jul
27 May
VMRK metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
Vivmark Residential is a residential real estate investment trust focused on rental apartment communities in major U.S. metro areas. It was reported on 20 October 2026 that Equity Residential completed a merger of equals with AvalonBay Communities on August 17 and that the combined company trades as Vivmark Residential.
The business owns, manages, develops and selectively acquires apartment properties. Its operating partnership holds substantially all property assets, development activities and joint-venture interests. The parent REIT is the general partner of that operating partnership and contributes proceeds from equity issuance to it.