VRE
Veris Residential, Inc.14.61
-0.22-1.48%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
1.62BP/E (TTM)
23.19Basic EPS (TTM)
0.63Dividend Yield
0.02%Recent Filings
8-K
Core FFO up 20%, debt slashed
Veris Residential reported Q4 and full-year 2025 results, boosting Core FFO per share 20% to $0.72 while same-store NOI grew 5.9% quarterly and 2.7% annually at 94.4% occupancy. Sold $542M in non-strategic assets, cut debt $490M, dropping net debt-to-EBITDA (Normalized) to 9.0x from 11.7x. Deleveraging sharpens focus.
10-K
FY2025 results
Veris Residential swung to $75M net income in FY2025 ended December 31, 2025, fueled by $91M gains from selling four non-strategic multifamily assets while lease revenues climbed 7.6% y/y to $264M amid 94.3% occupancy. Q4 momentum shone through $542M in dispositions—four multifamily properties and eight land parcels—slashing debt $490M to $1.4B at 4.9% rates, with all variable debt hedged. Yet $18M land impairments flagged valuation pressures. Liquidity beefed up to $29M cash; quarterly $0.08 dividends held steady. Pending merger locks capital moves. Merger uncertainty risks leasing focus.
8-K
Veris merger at $19/share
Veris Residential signed a merger agreement on February 23, 2026, to go private via acquisition by an Affinius Capital-led consortium, paying shareholders $19.00 per share in cash. The board unanimously approved, recommending a stockholder vote; Bow Street's 5.6% stake supports it, while Mack family units roll over. Deal targets August 23 closure but needs majority approval. Termination fees reach $140M.
8-K
Q3 update boosts sales, FFO
Veris Residential published its Q3 corporate presentation on November 12, 2025, highlighting $467M in non-strategic asset sales YTD and $75M under contract, raising the 2025 sales target to $650M. Same-store NOI grew 1.6% YTD at 94.7% occupancy, with Core FFO guidance lifted to $0.67-$0.68 per share. Net debt-to-EBITDA fell 15% to 9.0x. Deleveraging accelerates.
8-K
Veris accelerates deleveraging
Veris Residential accelerated deleveraging in Q3 2025, selling $406 million in non-strategic assets and using proceeds to slash debt by $394 million, dropping net debt-to-EBITDA to 10.0x. Same-store NOI dipped 2.7% year-over-year amid rising expenses, yet blended rental growth hit 3.9% with 94.7% occupancy. Core FFO guidance rose to $0.67-$0.68 per share. Deleveraging targets 8.0x by 2026.
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