| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 31 | 27.3x | 17.3x | Bottom tier | |
Growth | 26 | 3.0% | 7.1% | Bottom tier | |
Quality | 61 | 4.4% | 4.5% | Around median | |
Safety | 53 | 4.0x | 2.6x | Around median | |
Capital Return | 89 | 4.44% | 0.06% | Top tier | |
Momentum | 61 | -4.2% | -1.6% | Around median | |
Sentiment | 42 | 6 | 3 | Around median |
10-year US Treasury yield 4.96% as of 2026-10-22. Estimates computed from company data and analyst targets, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Vivmark Residential owns and operates multifamily residential communities, with a clear focus on urban apartments targeting high-income renters in markets such as San Francisco, New York, Boston, Seattle, Los Angeles, and Washington D.C. Revenue comes primarily from rent, along with service fees and additional income sources such as storage and the bulk internet program; higher utility reimbursements and improved ancillary fees increased the contribution of other income by approximately 60 basis points during Q1 FY2026.
In Q2 FY2026, revenue reached $785.0 million, up 2.1% from $768.8 million in Q2 FY2025 and up 0.7% from Q1 FY2026. Net income reached $114.1 million and earnings per share were $0.30, compared with $90.1 million and $0.24 in the previous quarter; accordingly, the calculated net income margin improved from 11.6% to 14.5% sequentially.
Year over year, Q2 FY2026 net income declined 40.7% from $192.4 million, and earnings per share fell from $0.50 to $0.30, despite revenue growth. As for the operating mix, New York and San Francisco together account for approximately 30% of portfolio net operating income and were the leading drivers of same-property revenue performance in Q1 FY2026, compared with a weaker-than-expected start in Boston and Seattle.
The average analyst price target is $72.31, compared with a target range of $66 to $79 and a “Neutral” consensus, reflecting meaningful divergence over the pace of improvement in rents and earnings. The average target is slightly above the 52-week range high of $71.50, while the highest target is approximately 10.5% above it and the lowest target falls within the 52-week range of $57.57–$71.50. These targets alone do not present a purely bullish picture, because the year-over-year decline in Q2 FY2026 net income and weakness in Boston, Seattle, and Los Angeles are offset by improved occupancy and retreating supply.
Figures in the text are as of 2026-08-28; the live price is shown at the top of the page.
Occupancy reached 96.3% in Q1 FY2026, and 61% of residents renewed their leases at an achieved rent increase of 4.7%. The use of cash concessions also declined 21% year over year, and net effective pricing increased by slightly more than 4% from the beginning of FY2026 through April 29, 2026. These indicators support revenue growth, along with the expected 35% decline in new deliveries in the company's markets during FY2026.
San Francisco and New York together represent approximately 30% of portfolio net operating income, and their performance exceeded management's expectations in Q1 FY2026. New competitive supply is virtually nonexistent in both markets during 2026, while San Francisco recorded new lease rate change of approximately 10%. In downtown San Francisco, which accounts for 22% of the market's net operating income, the use of concessions has become nearly nonexistent.
Profitability improved compared with the previous quarter, as net income rose from $90.1 million in Q1 FY2026 to $114.1 million in Q2 FY2026. Earnings per share increased from $0.24 to $0.30, while the calculated net income margin improved from 11.6% to 14.5%. However, the year-over-year comparison was weaker, as net income declined 40.7% and earnings per share fell from $0.50 to $0.30 compared with Q2 FY2025.
Automated analysis for informational purposes only — not investment advice.
Boston and Seattle began FY2026 with performance below management's expectations, with Boston affected by weather and weak life sciences funding in Cambridge. In Seattle, the market continued absorbing units delivered during 2025, and demand remained price-sensitive despite concessions declining 22% in Q1 FY2026. Los Angeles continued to experience negative new leases, while management did not expect a material change in Austin during FY2026 because of oversupply.
The company repurchased $220 million of shares during Q1 FY2026, bringing the total to $500 million since August 2025. It set disposition guidance of $165 million for assets that may be older, capital-expenditure-intensive, or located in areas with high concentration. At the same time, it allocated $90 million to value-add renovations during FY2026 and began two development projects in Georgia after comparing their risk-adjusted returns with share repurchases.
The analyst consensus is “Neutral,” and the average target is $72.31, with a wide range of $66 to $79. The average target exceeds the 52-week range high of $71.50 by a limited margin, reflecting balanced expectations rather than a strong bullish consensus. Insiders recorded seven sales with no purchases, totaling net sales of $3.7 million over three months through August 21, 2026, but these sales may be prearranged and should not be interpreted on their own as evidence of business deterioration.