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 (VRE) is a vertically integrated REIT focused on premium multifamily communities and select commercial properties in the Northeast. This page serves as the definitive source for official announcements, financial updates, and strategic developments from the company.
Investors and stakeholders will find curated coverage of quarterly earnings, property acquisitions, sustainability initiatives, and operational milestones. Our aggregation includes press releases detailing VRE's technology-driven management approach, portfolio expansions, and environmental stewardship programs.
Key updates feature multifamily development progress, leasing activity trends, and governance updates – critical information for assessing the company's market position. Content is organized chronologically to show strategic evolution while maintaining evergreen relevance.
Bookmark this resource for streamlined tracking of VRE's performance in creating sustainable, tech-enabled living spaces. Check back regularly for verified updates directly from corporate communications and authorized news partners.
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.
Veris Residential (NYSE: VRE), a Northeast-focused Class A multifamily REIT, has announced a quarterly cash dividend of $0.08 per share for Q2 2025. The dividend will be paid on July 10, 2025, to shareholders of record as of June 30, 2025. Future dividend distributions will be subject to Board approval and will consider multiple factors including AFFO, cash flows, taxable income requirements, and capital needs.
Veris Residential (NYSE: VRE) reported Q1 2025 results with mixed performance metrics. The company posted a net loss of $(0.12) per diluted share, compared to $(0.04) in Q1 2024, while Core FFO improved to $0.16 from $0.14 per share. Same Store NOI grew 3.2% year-over-year, with a blended net rental growth rate of 2.4%.
The company maintained a 94.0% Same Store occupancy rate and achieved an average rent per home of $4,019. Notable transactions include $45 million in non-strategic asset sales year-to-date, with an additional $34 million under contract. The company acquired its partner's 15% interest in Jersey City Urby (now 'Sable') for $38.5 million, expecting over $1 million in annualized synergies.
Financial metrics show a weighted average interest rate of 4.96% with 2.8 years to maturity. The company maintains its 2025 guidance with Same Store NOI growth projected at 1.7% to 2.7% and Core FFO per share guidance of $0.61 to $0.63.
Veris Residential (NYSE: VRE) has acquired Ironstate Holdings' 15% stake in Jersey City Urby for $38.5 million, consolidating its ownership of the 762-unit, Class A multifamily property. The property has been rebranded as Sable following the transaction closure on April 21, 2025.
The 69-story cantilevered high-rise, developed in 2017, is located at 200 Greene St. on the Jersey City Waterfront. The property features studios, one and two-bedroom apartments, and premium amenities including a fitness center, yoga studio, heated rooftop pool, and dog recreation space. The building hosts retail tenants such as Canard Cafe, DOMODOMO, and Glowbar.
The acquisition includes consideration for terminating Urby's management contract and the annual tax credit. Veris Residential will now manage the property directly, aiming to leverage its operational platform across Jersey City properties to create stakeholder value.
Veris Residential (NYSE: VRE), a Northeast-focused Class A multifamily REIT, has scheduled its first quarter 2025 financial results announcement. The company will release its Q1 2025 results after market close on Wednesday, April 23, 2025.
A webcast and conference call to discuss the results will be held on Thursday, April 24, 2025, at 8:30 a.m. Eastern. Investors can access the webcast through the company's website or join via phone using the provided domestic (877-451-6152) and international (201-389-0879) dial-in numbers.
A replay will be available from 11:30 a.m. Eastern on April 24 through May 25, 2025, accessible via phone or the company's website, where it will remain available for one year.
Veris Residential (NYSE: VRE), a Northeast-focused Class A multifamily REIT, has announced its Q1 2025 dividend declaration. The company will distribute a quarterly cash dividend of $0.08 per common share for the period ending March 31, 2025. The dividend is scheduled for payment on April 10, 2025, to shareholders of record as of March 31, 2025.
Future dividend distributions will be subject to Board approval, considering multiple factors including AFFO, cash flows from operations, taxable income requirements, and capital needs. Veris Residential operates as a technology-enabled REIT, focusing on premier multifamily properties in the Northeast region, with an emphasis on contemporary living experiences and community impact.
Veris Residential (NYSE: VRE) reported its Q4 and full-year 2024 results, highlighting significant operational improvements. The company posted a net loss per share of ($0.25) for 2024, but achieved 13% growth in Core FFO per share year-over-year. Notable achievements include a 7.9% increase in Normalized Same Store NOI for the full year and refinancing of $526 million in mortgages.
The company announced plans to sell $300-500 million in assets over the next 12-24 months, primarily from their land bank and select multifamily properties. Proceeds will fund a new $100 million share repurchase program and debt reduction, targeting leverage below 9.0x Net Debt-to-EBITDA. In 2024, VRE completed $223 million in non-strategic asset sales and increased its dividend by approximately 60% on an annualized basis.
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