# Vivmark Residential (VMRK) — Stock CV

Vivmark Residential 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.

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

## Identity

- **Ticker**: VMRK
- **Sector**: Real Estate
- **Industry**: Real Estate Investment Trusts
- **Headquarters**: CHICAGO, IL
- **Employees**: 3 041
- **Website**: https://www.vivmarkresidential.com
- **Market cap**: $47.4B
- **Last price**: $61.21
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $1.53B
- **Net income**: $750M
- **Free cash flow**: $1.57B
- **Net debt**: $9.11B
- **P/E**: 53.9
- **Revenue growth (YoY)**: -48.5%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 27 |
| Growth | 31 |
| Profitability | 67 |
| Health | 26 |
| Quality | 40 |
| Moat | 25 |

## Qualifications (beginner checklist) — 6 of 10 passed

- [ ] Revenue growing — -48.5% YoY
- [x] Profitable — $750M TTM
- [x] Profit growing — +12.9% YoY
- [x] Generates cash — $1.57B TTM
- [ ] Debt under control — ~5.8y of cash flow to repay
- [x] Established company — $47.4B market cap
- [x] Proven track record — 4/4 profitable years
- [ ] Financially stable — Altman Z 0.2 — distress
- [x] Pays a dividend — yield 2.23%
- [ ] Valuation not extreme — P/E 53.9

## Experience (career milestones)

- **FY2022** — Profitable every year on record: 4 consecutive profitable years in our data
- **FY2022** — Revenue already above $1B: $2.64B in first reported year
- **FY2022** — Best year on record: $1.14B net income

## 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

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2022 | $2.64B | $1.14B | $1.56B |
| FY2023 | $2.77B | $929M | $1.61B |
| FY2024 | $2.91B | $1.08B | $1.67B |
| FY2025 | $3.04B | $1.05B | $1.66B |

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Source: https://stockcv.com/VMRK — derived from company filings; may be delayed or incomplete. Information, not investment advice.