Vivmark Residential

Real Estate Investment Trusts

$61.21

+0.05%

Market cap $47.4B

Vivmark owns a high-quality apartment portfolio with around 184,000 units and is developing another $4.4 billion of residential properties.

It is a $47.4B real estate company. Revenue shrank 48.5% over the last year, it keeps 49¢ of every dollar of sales as profit, and its net debt equals ~5.8 years of free cash flow. It trades at 53.9× earnings.

$61.21

+0.05%

Market cap $47.4B

Website: vivmarkresidential.com
Location: Chicago, IL
Employees: 3 041
Sector: Real Estate

Share price · 2 months

$64.03 → $61.21-4.4%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $1.53B
Profit: keeps 49¢ of every $1 sold; $750M
Free cash flow: cash left after running the business; $1.57B
Net debt: debt minus cash on hand; $9.11B
P/E: years of profit in the price; 53.9
Dividend: pays out 120% of profit · 67% of FCF; 2.23%
Volatility: beta vs the market — under 1 swings less; 0.74

Revenue, last 4 years

52-week range

Low $59.29$61.21High $68.14

Today's price is 22% of the way from the year's low to its high.

Valuation vs own history

P/B

3.9×

67%

Share of the last ~5 years that was pricier than today (cheaper than usual). Based on the daily valuation record.

Insider activity · 90 days

-$73.8Knet selling

Purchases$0

Sales$73.8K

Insiders trading, last 14d0 buy · 0 sell

Standing in Real Estate

Size$47.4Btop 17%
Revenue growth+4%top 65%
Net margin28%top 37%
Return on equity8%top 48%
P/E53.9×top 82%
Dividend yield2.23%top 91%

Ranked against 47 Real Estate companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Valuation, Growth, Health, Quality and Moat lag behind.

Valuation27

P/E vs own history90th pct · 0/25
FCF yield3.3% · 12/25
P/S15.1x · 5/25
EV/EBITDAn/a · 10/25

Growth31

Revenue CAGR4.8% · 6/25
Net income CAGR-2.6% · 0/25
EPS CAGR ~5Yn/a · 0/25
Fwd implied growth30.9% · 25/25

Profitability67

ROIC4.9% · 5/25
ROE8.1% · 12/25
Net margin48.9% · 25/25
Operating margin40.9% · 25/25

Health26

Altman Z0.15 · 3/25
Current ratio0.02 · 0/25
Interest coverage5.5x · 18/25
Net cash / debtD/A 41% · 5/25

Quality40

Piotroski F6/9 · 15/25
Beneish M-2.61 · 25/25
FCF conversionn/a · 0/25
Margin stabilityn/a · 0/25

Moat25

ROIC >12% yearsn/a · 0/25
Median gross marginn/a · 0/25
FCF-positive yearsn/a · 0/25
Worst-year net marginworst 33.5% · 25/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

FY2022Financial
Profitable every year on record
4 consecutive profitable years in our data
FY2022Financial
Revenue already above $1B
$2.64B in first reported year
FY2022Financial
Best year on record
$1.14B net income

Achievements

Verifiable track record, straight from the reported numbers.

#9 largest of 46 Real Estate companies by market cap

$3.0B revenue in FY2025

Profitable 4 years in a row

Positive free cash flow 4 years in a row

3 041 employees

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

High gross margin (62.3%)
Strongly profitable — 48.9% net margin
Strong cash conversion — FCF is 102.2% of revenue
Interest covered 5.5× by operating earnings

Watch-outs

Revenue shrinking 48.5% year over year
Altman Z-Score 0.15 — elevated financial-distress risk
Net debt equals ~5.8 years of free cash flow
Short reporting history — trends are less reliable

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

6 of 10 checks passed

Revenue growing — the company sells more than a year ago-48.5% YoY
Profitable — makes more than it spends$750M TTM
Profit growing — earnings are higher than last year+12.9% YoY
Generates cash — cash left after running and investing$1.57B TTM
Debt under control — could handle its obligations~5.8y of cash flow to repay
Established company — not a micro-cap — lower blow-up risk$47.4B market cap
Proven track record — years of profitability behind it4/4 profitable years
Financially stable — balance sheet not near distressAltman Z 0.2 — distress
Pays a dividend — returns cash to shareholdersyield 2.23%
Valuation not extreme — price not wildly above earningsP/E 53.9

Peer comparisonVivmark Residential vs 6 largest real estate peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
VMRK this company	$47.4B	53.9	-48.5%	48.9%	Strained
WELL Welltower Inc.	$169.2B	111.2	+37.6%	12.1%	Solid
PLD Prologis, Inc.	$119.5B	30.3	+7.3%	45.8%	Strained
EQIX Equinix, Inc.	$97.3B	64.4	+9.6%	15.6%	Mixed
AMT American Tower Corporation	$86.2B	25.0	+14.2%	31.1%	Strained
SPG Simon Property Group, Inc.	$66.3B	14.2	+15.0%	66.5%	Strained
DLR Digital Realty Trust, Inc.	$65.3B	78.3	+17.4%	11.8%	Strained

Head-to-head: VMRK vs WELL · VMRK vs PLD · VMRK vs EQIX

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 6Buy 7Hold 14

Appendix · Financial records

The full statements behind this CV, FY2022–FY2025. For readers who want to check the numbers.

Profit & lossRevenue $1.53B · net income $750M (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

RevenueNet income

Revenue (TTM)

$1.53B

YoY -48.5%

Net income (TTM)

$750M

Margin 48.9%

Gross margin

62.3%

Operating margin

40.9%

P/E ratio

53.9

Dividend yield

2.23%

Income statement — full detail

Figures in USD billions · EPS in USD

	2022	2023	2024	2025
Revenue	2.6	2.8	2.9	3.0
Gross profit	—	—	—	—
Operating income (EBIT)	—	—	—	—
Net income	1.1	0.9	1.1	1.1
EPS (diluted)	—	—	—	—

Cash flowFree cash flow $1.57B · operating cash flow $1.57B (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

$1.57B

Margin 102.2%

Operating cash flow (TTM)

$1.57B

Cash flow statement — full detail

Figures in USD billions

	2022	2023	2024	2025
Operating cash flow	1.6	1.6	1.7	1.7
Capital expenditure	—	—	—	—
Free cash flow	1.6	1.6	1.7	1.7
FCF margin	59.1%	58.0%	57.4%	54.6%

Balance sheetAssets $22.3B · net debt $9.11B (FY2025)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

Cash vs debt

Total debt $9.19B − cash $80.7M = net debt $9.11B

Cash on hand covers 1% of debt.

Altman Z-Score

0.15

Distress zone

Interest coverage

5.5x

EBIT ÷ interest expense

ROE

8.1%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2022	2023	2024	2025
Cash & equivalents	0.4	0.1	0.2	0.1
Total assets	20.7	21.0	22.2	22.3
Total liabilities	—	—	—	—
Total debt	8.1	8.3	9.5	9.2
Equity	11.8	11.9	11.8	12.2
Net debt	7.7	8.1	9.3	9.1

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of VMRK on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $61.21 · market cap $47.4B.