Veris Residential

Veris Residential, Inc. is a real estate investment trust, which owns and operates a real estate portfolio comprised predominantly of Class A office and flex properties located primarily in the Northeast. It operates through the following segments: Commercial and Other Real Estate, and Multi-Family Real Estate and Services. The Commercial and Other Real Estate and Multi-Family Real Estate Portfolio segments provides leasing, property management, acquisition, development, construction, and tenant-related services. The company was founded on May 24, 1994 and is headquartered in Jersey City, NJ.

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Earnings data Q1 2023

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Earnings data Q3 2023

Earnings data Q4 2023

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Earnings data Q3 2024

Earnings data Q4 2024

Veris Residential (VRE) advances as a pure play multi-family company

Veris Residential (VRE) reported strong operational performance and progress in its strategic transformation in Q4 2022, focusing on multi-family business growth and sustainability.
Despite challenges in dividend reinstatement and muted leasing, VRE's focus on balance sheet strength, cost optimization, and strategic assets positions it well for future growth.
With opportunities for NOI growth, asset optimization, and potential acquisitions, VRE remains poised to capitalize on its multi-family portfolio and drive shareholder value.

Veris Residential (VRE) reports strong Q1 performance and reinstates dividends

Veris Residential (VRE) delivered a solid Q1 2023 performance, showcasing operational strength, financial resilience, and commitment to ESG initiatives. The company's decision to reinstate dividends and revise guidance upward reflect confidence in its future prospects. While challenges in normalizing AFFO performance exist, Veris Residential (VRE) is well-positioned to leverage opportunities for growth.

Veris Residential reports record revenue and strong operational performance in Q2 2023

Veris Residential (VRE) showcased strong operational and financial performance in Q2 2023, driven by strategic asset sales, successful ESG initiatives, and efficient cost management.
While challenges like net losses and raised expectations exist, the company's strengths in stable debt management, occupancy rates, and product launches position it well for future growth.
By leveraging opportunities in ESG, raised guidance, and management optimism, Veris Residential (VRE) can navigate challenges, drive profitability, and maintain investor interest.

Veris Residential (VRE) excels in Q3 performance and sustainability initiatives

Veris Residential (VRE) reported strong Q3 results driven by operational excellence, strategic asset sales, and prudent financial management. The company's focus on sustainable growth, debt refinancing, and expense control positions it well for future success amidst market challenges and opportunities.

Veris Residential reports strong Q4 performance and outlines growth strategies

Veris Residential (VRE) showcased strong operational and financial performance in Q4 2023, driven by rental growth and cost efficiencies.
Despite challenges like net losses and interest income impacts, the company's strategic focus on value creation and operational enhancements bode well for the future.
With a positive market outlook in the Northeast and ongoing initiatives for efficiency and growth, Veris Residential is poised for continued success in 2024.

Veris Residential (VRE) reports strong Q1 performance and boosts financial flexibility

Veris Residential (VRE) demonstrated resilience and growth potential in Q1 2024, leveraging operational strengths and strategic financial initiatives.
While facing challenges in profitability and debt refinancing, the company's focus on sustainability and cost management presents opportunities for long-term value creation.
Investors can look forward to improved earnings outlook, enhanced liquidity, and a proactive approach to capital optimization from Veris Residential (VRE).

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JERSEY CITY, N.J. , April 13, 2022 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE) (the "Company"), a forward-thinking, environmentally- and socially-conscious real estate investment trust (REIT) that primarily owns, operates, acquires, and develops holistically-inspired, Class A multifamily properties, today announces that it will host its first quarter 2022 financial results webcast and conference call on Thursday, May 5, 2022, at 8:30 a.m.

Veris Residential, Inc. Announces Dates for First Quarter 2022 Financial Results and Webcast

Jeff Turkanis Named Chief Investment Officer Taryn Fielder Named General Counsel JERSEY CITY, N.J. , March 31, 2022 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE), a forward-thinking, environmentally- and socially-conscious REIT that primarily owns, operates, acquires, and develops Class A multifamily properties, today announced two executive appointments designed to further support the company's transition into a pure-play multifamily REIT and drive long-term shareholder value.

Veris Residential Announces Executive Appointments

Veris Residential, Inc. (VRE) CEO Mahbod Nia on Q4 2021 Results - Earnings Call Transcript

JERSEY CITY, N.J., Feb. 23, 2022 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE) (the "Company") today reported its results for the fourth quarter and full year 2021.

Veris Residential, Inc. Reports Fourth Quarter and Year End 2021 Results

Necessity Retail REIT

These REITs are rebranding to reflect their refreshed strategies.

Will New Names Turn These REITs Into Long-Term Winners?

JERSEY CITY, N.J., Feb. 7, 2022 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE) (the "Company"), a forward-thinking, environmentally- and socially-conscious real estate investment trust (REIT) that primarily owns, operates, acquires, and develops holistically-inspired, Class A multifamily properties, today announces that it will host its fourth quarter and full year 2021 financial results webcast and conference call on Thursday, February 24, 2022, at 8:30 a.m.

Veris Residential, Inc. Announces Dates for Fourth Quarter 2021 Financial Results and Webcast

JERSEY CITY, N.J., Jan. 12, 2022 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE), a forward-thinking, environmentally- and socially-conscious REIT that primarily owns, operates, acquires, and develops Class A multifamily properties, today announced a transition plan for its financial leadership team designed to position the company to continue to generate long-term value for shareholders.

Veris Residential Announces Financial Leadership Transition

Veris Residential (VRE) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Is Veris Residential (VRE) Stock a Solid Choice Right Now?

JERSEY CITY, N.J., Dec. 13, 2021 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE), a forward-thinking, environmentally- and socially-conscious REIT that primarily owns, operates, acquires, and develops Class A multifamily properties, today announced the establishment of an At-The-Market share offering program (the "ATM Program") through which the company may issue and sell, from time to time, up to $200 million shares of its common stock.

Veris Residential Announces Establishment of At-The-Market Share Offering Program

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