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Veris Residential, Inc. - VRE STOCK NEWS

Welcome to our dedicated news page for Veris Residential (Ticker: VRE), a resource for investors and traders seeking the latest updates and insights on Veris Residential.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Veris Residential's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Veris Residential's position in the market.

Rhea-AI Summary
Kushner recognizes Veris Residential's progress in addressing concerns, positive on focus on multifamily properties, disposal of non-core assets, simplification of balance sheet, and reinstatement of distributions to shareholders.
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End-of-Day
0.17%
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10.04%
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Rhea-AI Summary
Veris Residential, Inc. reports Q2 2023 results with a net loss of $(0.30) per share. Same Store NOI increased by 21.8% compared to last year. The company negotiated early redemption of Rockpoint's interest for $520 million and signed agreements for four non-strategic land plots and Harborside 6 for $188 million. They also reinstated a quarterly dividend of $0.05 per common share. The company exceeded its 2022 ESG targets and received the WELL Equity Rating. They raised their annual Same Store NOI growth guidance to 10% to 12%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.04%
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Rhea-AI Summary
Veris Residential has completed a transaction to redeem Rockpoint's preferred equity interest for $520 million, simplifying the company's structure and saving approximately $24 million in annual interest. The transaction was funded with cash on hand and new loans, and J.P. Morgan and Goldman Sachs acted as financial advisors.
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10.04%
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-0.3%
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0.12%
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Rhea-AI Summary
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-2.69%
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Rhea-AI Summary
Veris Residential to participate in Nareit's REITweek: 2023 Investor Conference
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-0.12%
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Rhea-AI Summary
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3.93%
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-1.97%
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Veris Residential, Inc.

NYSE:VRE

VRE Rankings

VRE Stock Data

1.34B
85.96M
9.7%
110.89%
3.38%
Other Financial Vehicles
Finance and Insurance
Link
United States of America
JERSEY CITY

About VRE

veris residential develops, owns, and manages premier multifamily communities. beneath that simple statement of fact lies the founding principle of all we do: caring for properties, people, and the planet. underpinned by high-quality assets and best-in-class technology, we curate holistic places and living experiences that meet the sustainability-conscious lifestyle needs of today’s residents, while empowering our team members, rewarding our partners and investors, and helping to sustain the planet we all share. veris residential unifies the vision and expertise of one of the country’s leading real estate investment trusts, mack-cali realty corporation, and its wholly owned subsidiary, roseland residential. with a new name and a new focus, we are creating new possibilities. actively envisioning a better tomorrow, and doing the work necessary today to go forward together. diversifying our workforces. enhancing our communities. reducing our environmental impact. increasing our transpar