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VMRK price
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Research · S&P 500 · Real Estate
VMRK · Vivmark Residential
The numbers, the scorecard and what analysts say, with the source for each. Information, not advice.
Value Scorecard · run 2026-10-18
13 value checks: 12 scored 1 to 5 where the data allows, plus moat evidence
28/50
low-moderate value score10 of 12 checks scored10 of the 12 checks that carry a score were scored from the data available. 2 could not be scored (ROIC, Price-to-Book) and were left out, so the score is out of 50 instead of 60. The label uses the same share of the available points as for a full scorecard. The moat is shown as evidence from the filings, without a score.
Earnings & returns
EPS Trend
2/5Diluted EPS: $2.91 (2022), $2.35 (2023), $2.72 (2024), $2.65 (2025). It ended at or below 2022; the framework scores that as 2.
ROE Trend
2/5ROE (net income / common equity): 10.1% (2022), 7.9% (2023), 9.0% (2024), 9.0% (2025). Median 9.0%, lowest 7.9%; the framework scores a median 5-10% as 2.
ROIC
Not scoredROIC not available: the 10-K financial data filed with the SEC has no standard operating income figure (or pre-tax income and interest expense), total assets and current liabilities for the same fiscal year.
Profit Margins
5/5Net margin of 33.3%; the framework scores above 20% as 5; gross margin 62.3%, operating margin 29.5%.
Balance sheet & cash
Debt-to-Equity
4/5Debt-to-equity of 0.75; the framework scores 0.3-0.8 as 4 (total debt $9.19B, total cash $90.12M).
Free Cash Flow
4/5Free cash flow (operating cash flow minus capital expenditure): $1.25B (2022), $1.36B (2023), $1.41B (2024), $1.41B (2025). It rose every year but one and ended above 2022; the framework scores that as 4.
Retained Earnings
2/5Retained earnings, as filed in the 10-Ks (SEC EDGAR): $1.66B (2022), $1.44B (2023), $1.41B (2024), $1.19B (2025). It ended at or below 2022; the framework scores that as 2.
Valuation models
Graham IV
2/5IV = EPS x (8.5 + 2g) x (4.4 / Y) = $2.61 x (8.5 + 2 x 6.2) x (4.4 / 4.5) = $53.34. Current price $61.26; price is 14.9% above the model value.
DCF Value
1/5FCF/share = $1.793, stage 1 growth = 4.8% for 5 years, terminal growth = 3%, discount rate = 10%. Stage 1 PV = $7.77, PV of terminal value = $20.71, DCF value = $28.47. Current price $61.26; price is 115.1% above the model value.
Margin of Safety
2/5Graham value $53.34 (price is 14.9% above the model value); DCF value $28.47 (price is 115.1% above the model value).
Price-to-Book
Not scoredP/B not available from the data source.
Business quality
Moat Evidence
Not scoredA moat (a brand, a network, switching costs, patents, scale, a licence) is not a number in the filings, so Valerius doesn’t score it. Below are the figures and the words moat analysis starts from, from the company’s own 10-K filings. The conclusion is yours.
Return on capital, each year
Not available: the 10-K financial data has no standard figures for operating income, total assets and current liabilities in the same years, as is common for banks, insurers and REITs.
Gross margin, each year
Between 70.4% and 70.4% over 1 years (a range of 0.0 points).
Competition, in the company’s own words · 10-K filed Feb 13, 2026
All of the Company’s properties are located in developed areas with multiple housing choices, including other multifamily properties. The number of competitive housing choices or multifamily properties in a particular area could have a material effect on the Company’s ability to lease apartment units at its properties and on the rents charged. We also face significant competition for the acquisition and development of apartment communities. The Company may be competing with other housing providers that have greater resources than the Company and whose managers have more experience than the Company’s managers. In addition, other forms of rental properties and single family housing provide housing alternatives to potential residents of multifamily properties. See Item 1A, Risk Factors , for additional information with respect to competition.
The opening of the company’s “Competition” section in its 10-K, quoted word for word, not summarized or edited. It is the company’s own description, not Valerius’s view, and may include the company’s expectations. Open the filing.
Return on capital = operating income / (total assets − current liabilities), the ROIC row’s definition; 15% is the framework’s return threshold. Gross margin = gross profit / revenue. Both from each year’s 10-K via SEC EDGAR. Moat analysis commonly looks at whether returns and margins held up over many years. These figures don’t say whether the company has an advantage, what it is, or whether it will last.
Capital Allocation
4/5Capital allocation, 2022-2025: dividends or buybacks paid in every year (pass); $4.26B paid out against $5.43B of free cash flow (pass); total debt $8.48B to $9.49B, up 12.0%, 4.3x EBITDA (fail: up more than 10% and above 2x EBITDA); shares outstanding 0.39B to 0.39B, up 0.1% (pass). 3 of 4 tests passed; the framework scores that as 4.
Filings
Company notices to the SEC
Not scoredThree kinds of event the company reported to the SEC in the last 5 years, from its filings on SEC EDGAR.
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These are events the company reported to the SEC. An auditor change or a late filing can have many causes; each date links to the filing, where the company explains it. Valerius does not score these.
How the Graham and DCF values were calculated
Graham Formula:
IV = EPS x (8.5 + 2g) x (4.4 / Y)
EPS = $2.61, g = 6.2%, Y = 4.5
IV = $53.34
Current price $61.26 vs Graham value $53.34 — price is 14.9% above the model value.
DCF:
FCF/share = $1.793
Stage 1 growth = 4.8% for 5 years | terminal growth = 3.0% | discount rate = 10.0%
Y1: $1.879 → PV $1.708
Y2: $1.969 → PV $1.627
Y3: $2.063 → PV $1.550
Y4: $2.162 → PV $1.477
Y5: $2.266 → PV $1.407
Stage 1 PV sum = $7.77
Terminal value at end of Y5 = $33.35
PV of terminal value = $20.71
DCF value = $28.47
Current price $61.26 vs DCF value $28.47 — price is 115.1% above the model value.Data from yfinance summary figures and financial statements, and from the company’s 10-K filings via SEC EDGAR; computed at a price of $61.26. Every score is calculated from the figures by the framework’s fixed rules, and the explanation beside it is generated from the same figures: Graham value, DCF value, margin of safety, ROIC, profit margins, debt-to-equity, price-to-book, EPS trend, ROE trend, free cash flow, retained earnings and capital allocation. No AI is involved in this scorecard. The moat is shown as evidence, without a score. Read each score with the figures beside it. A check that cannot be scored from the available data is shown as not scored and left out of the composite score. Intrinsic value calculations are model outputs based on stated assumptions, not predictions.
Recent headlines · third-party publishers · not investment advice
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The 8 newest headlines whose title names the company, shown automatically and never chosen by Valerius. From third-party publishers via Yahoo Finance, linked to the source. Valerius doesn't write or endorse them. Not investment advice.