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) 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.
Veris Residential (NYSE: VRE) has announced the tax treatment of its 2024 distributions. The company's total distributions amounted to $0.235 per share of common stock, distributed across four payments throughout 2024:
- January 10: $0.053 per share
- April 16: $0.053 per share
- July 16: $0.060 per share
- October 16: $0.070 per share
All distributions are classified as Return of Capital for income tax purposes, with no portions classified as ordinary dividends, capital gains, unrecaptured Section 1250 gain, or Section 199A dividends. Shareholders are advised to consult with their tax advisors regarding the specific tax treatment of these distributions.
Veris Residential (NYSE: VRE) has scheduled its fourth quarter and full year 2024 financial results announcement. The company will release its results after market close on Monday, February 24, 2025, followed by a webcast and conference call on Tuesday, February 25, 2025, at 8:30 a.m. eastern.
Investors can access the webcast through the company's website at investors.verisresidential.com/corporate-overview or join the conference call by dialing +1 (877) 451-6152 (domestic) or +1 (201) 389-0879 (international). A replay will be available until March 25, 2025, accessible via phone using +1 (844) 512-2921 (domestic) or +1 (412) 317-6671 (international) with passcode 13751046, or through the company's website for one year.
Veris Residential (NYSE: VRE) has declared a quarterly cash dividend of $0.08 per common share for Q4 2024. The dividend will be paid on January 10, 2025, to shareholders of record as of December 31, 2024. As a forward-thinking, environmentally and socially conscious multifamily REIT, the company's future dividend distributions will be determined by the Board of Directors based on factors including AFFO, cash flows, taxable income requirements, and capital needs.
Veris Residential reported strong Q3 2024 results and raised its full-year guidance. The company achieved a 4.6% Same Store multifamily Blended Net Rental growth for the quarter and 8.4% year-over-year Normalized Same Store NOI growth. Notable improvements include reducing net debt by $227 million since September 2023 and refinancing $531 million of mortgage debt. The company raised its Core FFO guidance to $0.59-$0.60 and Same Store NOI guidance to 5.4%-6.2%. The portfolio maintained a 95.1% occupancy rate with an average rent per home of $3,980. The company's debt portfolio has a weighted average interest rate of 4.96% and maturity of 3.3 years.
Veris Residential, Inc. (NYSE: VRE), a forward-thinking, environmentally and socially conscious REIT focused on Class A multifamily properties, has announced the dates for its third quarter 2024 financial results release and webcast. The company will release its results after market close on Wednesday, October 30, 2024, followed by a webcast and conference call on Thursday, October 31, 2024, at 8:30 a.m. eastern.
Investors can access the webcast via the company's website or join the conference call by dialing +1 (877) 451-6152 (domestic) or +1 (201) 389-0879 (international). A replay of the call will be available until December 1, 2024, accessible through the website or by phone using the provided replay numbers and passcode 13747452.
