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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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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Veris Residential, Inc. is a multifamily REIT focusing on sustainable, urban properties for affluent renters, leveraging AI for operational efficiency and tenant engagement. Veris Residential's innovative use of AI, such as the leasing assistant Quinn, has improved lead generation, reduced payroll expenses, and enhanced resident experience. VRE benefits from urban market trends, particularly in NYC, with high rent growth and low vacancy rates, but still holds a “Hold” rating for further stabilization.

Veris Residential Is An Innovator In Multifamily Real Estate

JERSEY CITY, N.J. , Nov. 13, 2024 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE) ("Veris Residential" or the "Company"), a forward-thinking, environmentally and socially conscious multifamily REIT, today announced that the Company's Board of Directors has declared a cash dividend on its common stock for the fourth quarter 2024 in the amount of $0.08 for the period ending December 31, 2024.

Veris Residential Declares Quarterly Cash Dividend

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BofA Securities analyst Joshua Dennerlein revised ratings on residential REITs, Veris Residential, Inc. VRE and Sun Communities, Inc. SUI.

BofA Analyst Doubles Down On Veris Residential Growth, Downgrades Sun Communities - Here's Why

Veris Residential, Inc. (NYSE:VRE ) Q3 2024 Earnings Conference Call October 31, 2024 8:30 AM ET Company Participants Taryn Fielder - General Counsel & Secretary Mahbod Nia - Chief Executive Officer Amanda Lombard - Chief Financial Officer Conference Call Participants Steve Sakwa - Evercore ISI Eric Wolfe - Citi Thomas Catherwood - BTIG Michael Lewis - Truist Securities Inc. Operator Good morning and welcome to Residential Veris Inc's Third Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode.

Veris Residential, Inc. (VRE) Q3 2024 Earnings Call Transcript

Although the revenue and EPS for Veris (VRE) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Veris (VRE) Reports Q3 Earnings: What Key Metrics Have to Say

Veris Residential (VRE) came out with quarterly funds from operations (FFO) of $0.17 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to FFO of $0.12 per share a year ago.

Veris Residential (VRE) Surpasses Q3 FFO Estimates

Raises Full-Year 2024 Guidance JERSEY CITY, N.J. , Oct. 30, 2024 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE) (the "Company"), a forward-thinking, environmentally and socially conscious multifamily REIT, today reported results for the third quarter 2024.

Veris Residential, Inc. Reports Third Quarter 2024 Results

JERSEY CITY, N.J. , Oct. 10, 2024 /PRNewswire/ -- Veris Residential, Inc. ("Veris Residential" or the "Company") (NYSE: VRE), a forward-thinking, environmentally and socially conscious REIT that primarily owns, operates, acquires and develops Class A multifamily properties, today announces that it will host its third quarter 2024 financial results webcast and conference call on Thursday, October 31, 2024, at 8:30 a.m.

Veris Residential, Inc. Announces Dates for Third Quarter 2024 Financial Results and Webcast

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Veris Residential underwent a major transformation, shifting from a diversified REIT to a multifamily landlord with a socially conscious business model. VRE focuses on luxury apartments in the Northeast, with an average monthly rental rate of nearly $4,000 per unit. VRE reported strong Q2 earnings, showcasing rental growth, dispositions, and commitment to their new brand.

Veris Residential Q2 Earnings: Finding Their Footing Under A New Brand

Veris Residential, Inc. (NYSE:VRE ) Q2 2024 Earnings Conference Call July 25, 2024 8:30 AM ET Company Participants Taryn Fielder - General Counsel & Secretary Mahbod Nia - Chief Executive Officer Amanda Lombard - Chief Financial Officer Conference Call Participants Steven Song - Bank of America Eric Wolfe - Citi Tom Catherwood - BTIG David Segall - Green Street Michael Lewis - Truist Securities Operator Greetings and welcome to the Veris Residential Inc. Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Veris Residential, Inc. (VRE) Q2 2024 Earnings Call Transcript

Veris Residential (VRE) came out with quarterly funds from operations (FFO) of $0.18 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to FFO of $0.16 per share a year ago.

Veris Residential (VRE) Tops Q2 FFO Estimates

JERSEY CITY, N.J. , July 24, 2024 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE) (the "Company"), a forward-thinking, environmentally and socially conscious multifamily REIT, today reported results for the second quarter 2024.

Veris Residential, Inc. Reports Second Quarter 2024 Results

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Apartment Fundamental Outlook Improved As Supply Wanes

JERSEY CITY, N.J. , July 8, 2024 /PRNewswire/ -- Veris Residential, Inc. ("Veris Residential" or the "Company") (NYSE: VRE), a forward-thinking, environmentally and socially conscious REIT that primarily owns, operates, acquires and develops Class A multifamily properties, today announces that it will host its second quarter 2024 financial results webcast and conference call on Thursday, July 25, 2024, at 8:30 a.m.

Veris Residential, Inc. Announces Dates for Second Quarter 2024 Financial Results and Webcast

JERSEY CITY, N.J. , June 18, 2024 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE) (the "Company") today announced that it has withdrawn its proposed public offering of shares of its common stock.

Veris Residential, Inc. Announces Withdrawal of Public Offering of Common Stock

JERSEY CITY, N.J. , June 17, 2024 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE) (the "Company") announced today that it has commenced an underwritten public offering of 10,500,000 shares of its common stock.

Veris Residential, Inc. Announces Public Offering of Common Stock

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Explores the Integration of ESG Considerations into Business Decision-Making for the Benefit of All Stakeholders CAMBRIDGE, Mass. and JERSEY CITY, N.J.

Veris Residential CEO Mahbod Nia Delivers Lecture at MIT Center for Real Estate

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Veris Residential, Inc. (NYSE:VRE ) Q1 2024 Earnings Conference Call April 25, 2024 8:30 AM ET Company Participants Taryn Fielder - General Counsel Mahbod Nia - Chief Executive Officer Amanda Lombard - Chief Financial Officer Conference Call Participants Steve Sakwa - Evercore ISI Eric Wolfe - Citibank Josh Dennerlein - Bank of America Tom Catherwood - BTIG Michael Lewis - Truist securities Operator Greetings, and welcome to the Veris Residential First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Veris Residential, Inc. (VRE) Q1 2024 Earnings Call Transcript

While the top- and bottom-line numbers for Veris (VRE) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Veris (VRE) Reports Q1 Earnings: What Key Metrics Have to Say

JERSEY CITY, N.J. , April 24, 2024 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE) (the "Company"), a forward-thinking, environmentally and socially conscious multifamily REIT, today reported results for the first quarter 2024.

Veris Residential, Inc. Reports First Quarter 2024 Results

JERSEY CITY, N.J., April 15, 2024 /PRNewswire/ -- Veris Residential, Inc. ("Veris Residential" or the "Company") (NYSE: VRE), a forward-thinking, environmentally and socially conscious REIT that primarily owns, operates, acquires and develops Class A multifamily properties, today announces that it will host its first quarter 2024 financial results webcast and conference call on Thursday, April 25, 2024, at 8:30 a.m.

Veris Residential, Inc. Announces Dates for First Quarter 2024 Financial Results and Webcast

Veris Residential, Inc. (VRE) Q4 2023 Earnings Call Transcript

News for Veris Residential Stock (VRE)