Vivmark Residential (VMRK)
Forward P/E is 47.20x against a peer median of 35.74x, a ratio of 1.32x — above the 1.15 fair-range ceiling — with trailing P/E 47.11x and PEG not available (shown as n/a on the statistics page). Latest-quarter revenue grew 2.1% year over year (PRIMARY, EDGAR), below the cluster pace, so the growth exception does not apply. The vendor P/S of 15.66x is not used as evidence: it divides the combined company's market value ($47.45B across 773.78M shares after the August 2026 merger with AvalonBay) by a revenue window that predates the combination, while this pack's EDGAR revenue ($3.13B trailing) is the legacy Equity Residential registrant's alone — the two scopes do not match, so the label rests on the forward P/E lead test. Delivered demand check: the Residential & storage REITs group's median growth was 3.0% year over year — demand steady, with this company growing more slowly than that pace.
What would change this label: Move to FAIRLY PRICED if the forward P/E compresses to about 41.1x or below (1.15x the peer median) at unchanged estimates, or if revenue growth rises above 6% year over year for two quarters. Move to UNDERVALUED if the forward P/E compresses to about 32.2x or below (0.90x the peer median) with revenue growth at or above the 3.0% cluster median.
Vivmark, formed in August 2026 from the former Equity Residential and AvalonBay, owns apartment communities and collects rent from residents. Its shares trade at about 47 times expected earnings, well above similar apartment companies at about 36 times, while revenue grew only about 2%. That makes the shares look overvalued — a premium price without faster growth to support it.
Both lines start at 100 on 2020-09-01. Over the full window Vivmark Residential returned +10.16% and the S&P 500 +118.28% (price returns; dividends not reinvested). Worst peak-to-trough fall for Vivmark Residential: -43.0% (2022-04-21 to 2023-11-01). Source: Nasdaq official daily history.
What the label rests on
Forward P/E is 47.20x against a peer median of 35.74x, a ratio of 1.32x — above the 1.15 fair-range ceiling — with trailing P/E 47.11x and PEG not available (shown as n/a on the statistics page). Latest-quarter revenue grew 2.1% year over year (PRIMARY, EDGAR), below the cluster pace, so the growth exception does not apply. The vendor P/S of 15.66x is not used as evidence: it divides the combined company's market value ($47.45B across 773.78M shares after the August 2026 merger with AvalonBay) by a revenue window that predates the combination, while this pack's EDGAR revenue ($3.13B trailing) is the legacy Equity Residential registrant's alone — the two scopes do not match, so the label rests on the forward P/E lead test. Delivered demand check: the Residential & storage REITs group's median growth was 3.0% year over year — demand steady, with this company growing more slowly than that pace. The company’s forward P/E is 47.2× against a peer median of 35.7×. Its own history: UNVERIFIED — no sourced range available. Sector demand read: Delivered demand check: the Residential & storage REITs group's median latest-quarter revenue growth was 3.0% year over year (SEC filings) — demand steady. This company grew revenue 2.1% year over year, slightly below that group pace. Latest-quarter sales growth was +2.1% versus a year earlier (SEC filings).
| Company | Price (Oct 28, 2026) | Forward P/E | Trailing P/E |
|---|---|---|---|
| Vivmark Residential (VMRK) | $61.32 | 47.2× | 47.1× |
| ESS | — | 41.1× | 49.0× |
| EXR | — | 31.3× | 30.1× |
| INVH | — | 35.7× | 24.7× |
| MAA | — | 36.9× | 34.3× |
| UDR | — | 34.2× | 22.1× |
| Peer median | 35.7× |
Multiples: stockanalysis.com (SECONDARY, S&P Global data), fetched Oct 28, 2026. Peer set chosen by sector; the median is the middle value of the set. The label and its numbers were recorded in the programme’s label registry on Oct 28, 2026 and will be scored at 6 and 12 months.
Sales, profit and cash
This company does not report a gross-profit line in its SEC facts (normal for banks, payment networks and some health insurers), so profit is shown as net income instead — gross margin is marked UNVERIFIED-absent rather than estimated.
Free cash flow by quarter is not shown for Vivmark Residential. Its SEC cash-flow facts do not separately tag spending on plant and equipment (normal for a bank), so a quarterly free-cash-flow figure cannot be built without estimating — and this programme does not estimate.
| Quarter | Sales | Gross margin | Net income | EPS (GAAP, diluted) | Free cash flow |
|---|---|---|---|---|---|
| Q/E Jun 2026 2026-06-30 | $785M | — | $114M | 0.30 | — |
| Q/E Mar 2026 2026-03-31 | $780M | — | $90M | 0.24 | — |
| Q/E Dec 2025 2025-12-31 | $782M | — | $382M | — | — |
| Q/E Sep 2025 2025-09-30 | $782M | — | $289M | 0.76 | — |
| Q/E Jun 2025 2025-06-30 | $769M | — | $192M | 0.50 | — |
| Q/E Mar 2025 2025-03-31 | $761M | — | $257M | 0.67 | — |
| Q/E Dec 2024 2024-12-31 | $767M | — | $419M | — | — |
| Q/E Sep 2024 2024-09-30 | $748M | — | $143M | 0.38 | — |
| Q/E Jun 2024 2024-06-30 | $734M | — | $177M | 0.47 | — |
| Q/E Mar 2024 2024-03-31 | $731M | — | $296M | 0.77 | — |
| Q/E Dec 2023 2023-12-31 | $728M | — | $312M | — | — |
| Q/E Sep 2023 2023-09-30 | $724M | — | $173M | 0.45 | — |
The last twelve reported quarters. Full 22-quarter history sits in the data pack behind this page. A dash means the figure is not tagged as a standalone quarter in the company’s SEC facts (the usual case is the fourth quarter, which many companies only report inside the full-year filing) — it is missing, not zero.
Earnings: getting better or worse?
Each box is one quarter’s earnings per share (EPS). Green means EPS was higher than the same quarter a year earlier; red means lower; a dash means the figure is not tagged in the filings.
Basis: GAAP diluted EPS from SEC company facts, compared with the same quarter a year earlier.
Key facts
| Item | Value |
|---|---|
| Company (legal name in filings) | VIVMARK RESIDENTIAL |
| Chief executive | Benjamin Schall (source: https://www.businesswire.com/news/home/20260817951851/en/Vivmark-Residential-Launches-as-One-of-the-Countrys-Leading-Real-Estate-Companies) |
| Sector | Real Estate — Multi-Family Residential REITs — owns and operates apartment communities and leases homes to residents |
| Share price (Oct 28, 2026) | $61.32 |
| Market value (market cap) | $23.5B — share price times shares outstanding of 374,944,409 (SEC filings; SEC EDGAR dei EntityCommonStockSharesOutstanding (latest)) |
| Sales, last twelve months | $3.1B |
| Net income, last twelve months | $875M |
| Free cash flow, last twelve months | — |
| Latest reported quarter | Q/E Jun 2026 (of 22 quarters in the data pack) |
| Six-year price return vs S&P 500 | +10.16% vs +118.28% |
| Worst peak-to-trough fall | -43.0% (2022-04-21 to 2023-11-01) |
What we could not verify
- Gross profit / gross margin: not tagged as a standalone line in this company's EDGAR company facts (common for banks, payment networks and some healthcare payers) — shown as UNVERIFIED-absent; the page charts revenue and net income instead.
- TTM GAAP diluted EPS could not be summed from company facts because at least one of the last four quarters (typically Q4) has no standalone tagged EPS; trailing P/E is therefore taken from the labelled secondary source in valuation_label.md.
- Free cash flow is absent for one or more quarters: either the filer does not separately tag PP&E purchases in its EDGAR cash-flow facts (common for banks), or — for a successor registrant's newest quarter — the cash-flow lines are year-to-date without the prior-quarter rung needed to difference them. Affected quarters are null in the data, never estimated.
- Own-history P/E range not yet compiled for this company in the Phase 1 batch run; the label rests on peer-median, growth and PEG evidence.
- PEG Ratio shown as n/a on statistics page, so no PEG evidence was available for this label.
- The vendor P/S of 15.66x mixes scopes — the combined company's market value against a pre-merger revenue window — and was not used as evidence. This pack's EDGAR revenue ($3.13B trailing), its 2.1% revenue growth, and its share count (374.9M, as of Jul 24, 2026) are the legacy Equity Residential registrant's alone; the combined company's consolidated EDGAR statements had not yet been filed in the snapshot window.
- Secondary market cap $47.45B and shares 773.78M reflect combined Vivmark (AvalonBay + Equity Residential merger, Aug 2026), versus data pack keyfacts still showing former Equity Residential only ($23.45B, 374.9M shares).
- Guidance record (each quarter scored against the guidance the company gave the quarter before) is not yet compiled for this company — it is a Phase 2 layer. The earnings strip below therefore uses reported EPS versus a year earlier, which is fully sourced from filings.
The IT factor — the most exciting thing the market is overlooking — is not assessed on an X-Ray page. It belongs to the Deep Dive (Phase 2), where it gets the evidence standard it needs. Leadership-era scoring (the six years split by chief executive) is likewise a Phase 2 layer; this page names the current chief executive only, from a sourced profile.
Sources
- SEC EDGAR submissions — Filing index; company legal name.
https://data.sec.gov/submissions/CIK0000906107.json - SEC EDGAR company facts — Quarterly financial spine: revenue, gross profit, net income, GAAP diluted EPS, operating cash flow, PP&E capex, buybacks, dividends, diluted shares.
https://data.sec.gov/api/xbrl/companyfacts/CIK0000906107.json - Nasdaq official daily history — Daily closes for the company; SPY (assetclass=etf) saved as raw/nasdaq_spy_raw.json over identical dates.
https://api.nasdaq.com/api/quote/VMRK/historical?assetclass=stocks - Valuation multiples and peer figures — stockanalysis.com (SECONDARY, S&P Global data), fetched Oct 28, 2026; see valuation_label.md in the data pack.
Conventions: earliest-filed value per period, as first reported; cash-flow years-to-date differenced quarter by quarter; EPS never differenced; free cash flow = operating cash flow minus plant-and-equipment spending. This page is a dated snapshot — updates are new versions, never silent edits.