Veris Residential Releases 2024 Sustainability Report
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), un REIT residenziale di Classe A con focus nel Northeast, ha pubblicato il Rapporto di Sostenibilità 2024 evidenziando importanti risultati ambientali. L'azienda ha ottenuto il punteggio più alto di GRESB tra le residenze multifamiliari statunitensi quotate e si è piazzata al terzo posto a livello globale.
Principali risultati: aumento delle proprietà verdi certificate al 79% del portafoglio multifamiliare gestito; emissioni Scope 1 e 2 58% al di sotto dei livelli del 2019; consumo energetico ridotto del 13%. È stato assicurato un finanziamento legato alla sostenibilità di $500 milioni con una riduzione della margine di 5 punti-base; è stato avviato un progetto solare da $825.000 a Portside II, che dovrebbe fornire un IRR a due cifre intermedie.
Veris Residential (NYSE:VRE), un REIT residencial de Clase A enfocado en el Noreste, publicó su Informe de Sostenibilidad 2024 destacando logros ambientales significativos. La empresa logró la puntuación más alta de GRESB entre residencias multifamiliares listadas en EE. UU. y se situó en tercer lugar a nivel global.
Logros clave: aumentar las propiedades certificadas verdes al 79% de la cartera multifamiliar gestionada; emisiones Scope 1 y 2 58% por debajo de los niveles de 2019; consumo de energía reducido en 13%. Se aseguró un financiamiento vinculado a la sostenibilidad de $500 millones con una reducción de margen de 5 puntos básicos; se inició un proyecto solar de $825,000 en Portside II, con IRR en la franja de dos cifras medias.
Veris Residential (NYSE:VRE), 북동부를 중심으로 한 Class A 다세대 주택 REIT, 2024년 지속가능성 보고서를 발표하며 중요한 환경 성과를 강조했습니다. 회사는 미국 상장 다세대 주택 중 GRESB 최고 점수를 받았고 전 세계적으로 3위를 달성했습니다.
주요 성과: 관리 중인 다세대 포트폴리오의 녹색 인증 부동산 비율을 79%로 증가; Scope 1·2 배출을 2019년 대비 58% 낮춤; 에너지 소비를 13% 감소. $500백만 규모의 지속가능성 연계 파이낸싱을 확보했고 마진을 5bp 감소시켰으며 Portside II에 $825,000 규모의 태양광 프로젝트를 시작했습니다. IRR은 중간 두 자릿수로 예상됩니다.
Veris Residential (NYSE:VRE), un REIT résidentiel de Classe A axé sur le nord-est, a publié son Rapport de durabilité 2024 mettant en avant des réalisations environnementales significatives. L'entreprise a obtenu le score le plus élevé de GRESB parmi les résidences multifamiliales cotées américaines et s’est classée troisième au niveau mondial.
Réalisations clés : augmentation des propriétés vertes certifiées à 79% du portefeuille multifamilial sous gestion; émissions Scope 1 et 2 réduites de 58% par rapport à 2019; consommation d'énergie réduite de 13%. Obtention d’un financement lié à la durabilité de $500 millions avec une réduction de marge de 5 points de base; démarrage d’un projet solaire de $825,000 à Portside II, IRR prévu dans la tranche à deux chiffres médiane.
Veris Residential (NYSE:VRE), ein Class-A-Multifamily-REIT mit Fokus auf den Nordosten, veröffentlichte den Nachhaltigkeitsbericht 2024 mit beachtlichen Umweltleistungen. Das Unternehmen erreichte GResB-s höchsten US-notierten Residential Multifamily-Score und belegte weltweit den dritten Platz.
Wesentliche Errungenschaften: Erhöhung grün zertifizierter Immobilien auf 79% des verwalteten multifamily Portfolios; Scope-1- und Scope-2-Emissionen 58% unter dem Niveau von 2019; Energieverbrauch um 13% reduziert. Beschaffung einer nachhaltigkeitsgebundenen Finanzierung über $500 Millionen mit einer Margenreduktion von 5 Basispunkten; Start eines Solarprojekts im Wert von $825.000 bei Portside II, erwarteter IRR im mittleren zweistelligen Bereich.
Veris Residential (NYSE:VRE)، صندوق استثمار عقاري سكني من الفئة A يركز على الشمال الشرقي، أصدر تقرير الاستدامة لعام 2024 مبرزاً إنجازات بيئية مهمة. حققت أعلى تقييم لـGRESB بين المساكن السكنية المتعددة المدرجة في الولايات المتحدة واحتلت المركز الثالث على المستوى العالمي.
الإنجازات الرئيسية: رفع نسبة العقارات المعتمدة بيئيًا إلى 79% من المحفظة متعددة الأسر التي تديرها; خفض انبعاثات النطاق 1 و2 بنسبة 58% مقارنة بمستويات 2019؛ انخفاض استهلاك الطاقة بــ13%. تم تأمين تمويل مرتبط بالاستدامة بقيمة $500 مليون مع انخفاض الهامش بمقدار 5 نقاط أساسية; بدء مشروع فائق الشمس بقيمة $825,000 في Portside II، المتوقع أن يحقق IRR بمعدل مزدوج الرقم في الوسط.
Veris Residential（NYSE:VRE），以东北部为重点的A类多户住宅地产投资信托，发布了2024年可持续发展报告，突显重要环境成就。公司获得GRESB美国上市住宅多户中最高分，并在全球范围内排名第三。
主要成就包括：将绿色认证物业比例提升至管理的多户住宅组合的79%；Scope 1 与 Scope 2 排放比2019年水平 低58%；能源消耗下降 13%。获得一笔规模为$5亿美元的可持续融资，利润率下降了5个基点；在 Portside II 启动价值为 $825,000 的太阳能项目，预计内部收益率（IRR）将达到中高两位数。
- None.
- None.
Achieves GRESB's Highest
Increases Share of Green-Certified (LEED or Equivalent) Properties to
Secures Sustainability-Linked Financing with 5-Basis-Point Margin Reduction
Following the divestiture of the Company's office portfolio, with its final office asset sold in March 2024, this marks the first Sustainability Report reflecting almost exclusively its multifamily portfolio performance.
"In 2024, our strategic investments in sustainability continued to generate measurable returns, strengthening our competitive position in the multifamily market," said Mahbod Nia, Chief Executive Officer. "Having achieved our ambitious 2030 carbon reduction goals eight years ahead of schedule in 2022, we continue to maintain our leadership position with Scope 1 & 2 emissions now
Key Highlights from the Report:
- Designated as a 2024 Global Real Estate Sustainability Benchmark (GRESB) Regional Listed Sector Leader with third-consecutive 5 Star Rating, achieving the highest listed multifamily residential score in
the United States and third-highest worldwide - Received Nareit's Mid Cap Diversity Impact Award and several distinctions from the International WELL Building Institute, including the Equity Leadership Award and WELL Concept Leadership Award for Innovation
- Earned Green Certifications (LEED or equivalent) across
79% of managed multifamily portfolio - Secured new
$500 million - Began implementing an approximately
$825,000 - Maintained Great Place to Work® certification with score rising to 93 out of 100
- Sustained Scope 1 & 2 emissions performance at
58% below 2019 levels, with energy consumption down13% from baseline
"Looking ahead, our pipeline of sustainability projects—from renewable energy installations to water consumption monitoring systems—is carefully evaluated to ensure initiatives advance our sustainability goals while contributing to our financial objectives," added Karen Cusmano, SVP, Head of Sustainability and ESG. "By demonstrating that sustainable practices drive superior returns, we are setting the standard for the future of multifamily real estate."
Veris Residential's 2024 Sustainability Report is available on the Company's website here.
About Veris Residential, Inc.
Veris Residential, Inc. is a forward-thinking real estate investment trust (REIT) that primarily owns, operates, acquires and develops premier Class A multifamily properties in the Northeast. Our technology-enabled, vertically integrated operating platform delivers a contemporary living experience aligned with residents' preferences while positively impacting the communities we serve. We are guided by an experienced management team and Board of Directors, underpinned by leading corporate governance principles; a best-in-class approach to operations; and an inclusive culture based on meritocratic empowerment.
For additional information on Veris Residential, Inc. and our properties available for lease, please visit https://verisresidential.com.
For Veris Residential:
Amanda Shpiner/Grace Cartwright
Gasthalter & Co.
212-257-4170
veris-residential@gasthalter.com
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SOURCE Veris Residential, Inc.
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