Welcome to our dedicated page for Veris Residential news (Ticker: VRE), a resource for investors and traders seeking the latest updates and insights on Veris Residential stock.
Veris Residential, Inc. (NYSE: VRE) is a real estate investment trust (REIT) that, according to its public statements, primarily owns, operates, acquires and develops premier Class A multifamily properties in the Northeast. As a Northeast-focused multifamily REIT with a technology-enabled, vertically integrated operating platform, the company regularly releases news that reflects both its property operations and its corporate and capital markets activity.
The Veris Residential news feed features company-issued press releases and related updates. These items include quarterly and year-to-date financial results, where the company reports metrics such as net income (loss) per diluted share, Core Funds From Operations (Core FFO) per diluted share, Core Adjusted Funds From Operations (Core AFFO) per diluted share, Same Store blended net rental growth rate, Same Store net operating income (NOI) growth and Same Store occupancy. Earnings releases are often accompanied by guidance updates for measures like Same Store revenue growth, Same Store expense growth, Same Store NOI growth and Core FFO per share.
News coverage also highlights Veris Residential’s transaction activity and balance sheet strategy. The company has reported on non-strategic asset sales involving multifamily properties and land parcels in Northeastern markets, as well as the sale of the Harborside 8/9 land parcel in Jersey City, New Jersey. These releases describe how sale proceeds are used to repay term loans, reduce borrowings under the revolving credit facility and lower Net Debt-to-EBITDA (Normalized), in line with the company’s multi-year balance sheet and deleveraging strategy.
Additional news items include announcements of amendments to the company’s revolving credit and term loan agreement, which introduce a leverage-based pricing grid and adjust collateral pool requirements; declarations of quarterly cash dividends on the company’s common stock; and updates on corporate governance, such as appointments to the Board of Directors. Veris Residential also issues releases regarding the timing of earnings webcasts and conference calls and provides information about access to supplemental operating and financial data and corporate presentations.
For investors and observers of multifamily REITs, the Veris Residential news stream offers insight into the company’s operating performance, portfolio optimization, capital structure decisions and sustainability recognitions, including its reported Global Real Estate Sustainability Benchmark (GRESB) ratings and sector leadership acknowledgments.
Veris Residential (NYSE: VRE) sold its 4.2-acre Harborside 8/9 land parcel in Jersey City for $75.0 million on Dec 9, 2025. Net proceeds are estimated at $69 million, which the company intends to use to reduce debt and improve Net Debt-to-EBITDA (Normalized) to approximately 9.0x from 10.0x in Q3 and 11.7x at year-end 2024. The sale is expected to be accretive by approximately $0.04 per share of Core FFO on a run-rate basis.
Post-sale, remaining land bank value is ~$35 million, largely in Massachusetts. The company reported $542 million of non-strategic asset sales year-to-date, raised its sales target to $650 million, and said Cushman & Wakefield represented the company in the sale to Panepinto Properties.
Veris Residential (NYSE: VRE) declared a cash dividend for the fourth quarter 2025 of $0.08 per common share for the period ending December 31, 2025.
The dividend is payable on January 9, 2026 to shareholders of record as of December 31, 2025. Veris Residential is a Northeast-focused Class A multifamily REIT that owns, operates, acquires and develops multifamily properties and operates a technology-enabled, vertically integrated platform.
Veris Residential (NYSE: VRE) reported third quarter 2025 results showing operational stability and accelerated deleveraging. The company completed or has under contract $542 million of non‑strategic asset sales year‑to‑date and used proceeds to reduce debt by $394 million in Q3, lowering Net Debt-to-EBITDA (Normalized) to 10.0x and targeting ~9.0x after Harborside 8/9 closes, with a raised disposition target of $650 million.
Operationally, Same Store blended net rental growth was 3.9% for the quarter, occupancy was 95.8% excluding Liberty Towers, and Core FFO per share guidance was raised to $0.67–$0.68 for 2025 reflecting a $4 million tax appeal benefit.
Veris Residential (NYSE: VRE) will report Q3 2025 financial results after market close on Wednesday, October 22, 2025 and host a webcast and conference call on Thursday, October 23, 2025 at 8:30 a.m. ET.
Investors can listen live via the company's investor website at http://investors.verisresidential.com/corporate-overview or by phone at +1 (877) 451-6152 (U.S.) or +1 (201) 389-0879 (international). Participants are recommended to join ~10 minutes early.
A replay will be available after 12:00 p.m. ET on October 23, 2025 through 11:59 p.m. ET on November 23, 2025 via phone (+1 (844) 512-2921 U.S. or +1 (412) 317-6671 international) using passcode 13753250. The audio replay will also be posted on the investor website and kept on the site for one year.
Veris Residential (NYSE:VRE), a Northeast-focused Class A multifamily REIT, released its 2024 Sustainability Report highlighting significant environmental achievements. The company achieved GRESB's highest U.S. listed residential multifamily score and secured the third-highest score globally.
Key accomplishments include increasing green-certified properties to 79% of managed multifamily portfolio, maintaining Scope 1 & 2 emissions 58% below 2019 levels, and reducing energy consumption by 13%. The company secured a $500 million sustainability-linked financing with a 5-basis-point margin reduction and initiated an $825,000 solar project at Portside II, expected to deliver mid-teens IRR.
Veris Residential (NYSE: VRE), a Northeast-focused Class A multifamily REIT, has declared a quarterly cash dividend of $0.08 per share for Q3 2025. The dividend will be paid on October 10, 2025, to shareholders of record as of September 30, 2025.
Veris Residential operates as a technology-enabled REIT that owns, operates, acquires, and develops premier multifamily properties in the Northeast region. The company emphasizes contemporary living experiences while maintaining strong corporate governance and an inclusive culture.
Veris Residential (NYSE: VRE), a Northeast-focused Class A multifamily REIT, has announced significant changes to its Board of Directors. Christopher Papa, currently EVP and CFO at CenterPoint Properties, has been appointed to the Board effective July 23, 2025. Papa brings over 30 years of experience in real estate, accounting, and corporate finance, with particular expertise in multifamily real estate from his previous roles as CFO at Post Properties and Liberty Property Trust.
Simultaneously, Ronald M. Dickerman, President and Founder of Madison International Realty, will step down from the Board to provide Madison with greater flexibility to trade VRE shares in accordance with its fiduciary duties. The Board transition comes as Veris Residential continues to execute its corporate strategy as a pure-play multifamily REIT.
Veris Residential (NYSE:VRE), a Northeast-focused Class A multifamily REIT, reported strong Q2 2025 results with notable improvements in key metrics. The company achieved $448 million in non-strategic asset sales year-to-date, including $268 million in closed sales and $180 million under contract.
Financial highlights include a Net Income of $0.12 per share, Same Store NOI growth of 5.6% for Q2, and a blended rental growth rate of 4.7%. The company secured an amended credit facility resulting in a 55-basis-point interest rate reduction. VRE is on track to achieve Net Debt-to-EBITDA of ~10.0x by year-end 2025 and below 9.0x by 2026.
The company raised its 2025 guidance, projecting Core FFO per share of $0.63-$0.64 and increased its quarterly dividend to $0.08 per share.
Veris Residential (NYSE: VRE), a Northeast-focused multifamily REIT, has announced two significant transactions to enhance its liquidity position. The company has amended its $500 million credit facility, which now includes a $300 million Revolving Credit Facility and a $200 million delayed-draw Term Loan.
The amended facility introduces a leverage-based pricing grid with spreads of 1.25% to 1.80% over SOFR and reduces required secured properties from five to two. Additionally, VRE completed the $85 million sale of Signature Place, using $80 million of the proceeds to reduce its Term Loan to $120 million.
These transactions support VRE's 2025 corporate plan to reduce leverage, with targets to lower Net Debt to EBITDA to below 10.0x by year-end 2025 and below 9.0x by year-end 2026.
Veris Residential (NYSE: VRE), a Northeast-focused Class A multifamily REIT, has scheduled its second quarter 2025 financial results announcement and conference call. The company will release its Q2 2025 results on Wednesday, July 23, 2025 after market close.
The earnings webcast and conference call will take place on Thursday, July 24, 2025 at 8:30 a.m. ET. Investors can access the webcast through the company's website or join via phone. A replay will be available until August 24, 2025 through multiple channels, including the company's website where it will remain accessible for one year.
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