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Veris Residential Inc - VRE STOCK NEWS

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.

News

Veris Residential, Inc. Reports Fourth Quarter and Full Year 2023 Results

Rhea-AI Summary
Veris Residential, Inc. (NYSE: VRE) reported results for Q4 and FY 2023, with Core FFO per share increasing by 20% to $0.53. The company achieved 17.6% annual NOI growth, reduced Core G&A by 13%, and reinstated dividends. They completed the transformation to a pure-play multifamily REIT, selling over $700 million of non-strategic assets. The Same Store multifamily Blended Net Rental Growth Rate was 5.0% for the quarter and 9.3% for the year. The Company's financial metrics are strong, with available liquidity of $95 million and virtually all debt hedged or fixed. Veris Residential also received recognition for sustainability and DEI efforts.
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Veris Residential, Inc. Announces Dates for Fourth Quarter 2023 Financial Results and Webcast

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Veris Residential, Inc. (NYSE: VRE) will host its fourth quarter and full year 2023 financial results webcast and conference call on February 22, 2024. The company primarily owns, operates, acquires, and develops Class A multifamily properties. The webcast and conference call details are available on the company's website. Participants can access the webcast via the internet or dial in to the conference call. An audio replay will be available on Veris Residential's website.
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Veris Residential Announces Tax Treatment of 2023 Distributions

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Veris Residential, Inc. (VRE) has announced the tax treatment of its 2023 Distributions, with a total distribution of $0.05 per share of common stock. The distribution is to be classified for income tax purposes as cash distributions, with $0.05 as unrecaptured section 1250 gain. Shareholders are advised to consult with their tax advisors for specific tax treatment.
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Veris Residential Declares Quarterly Cash Dividend

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Veris Residential, Inc. (NYSE: VRE) has announced a 5.0% increase in its cash dividend for the fourth quarter of 2023, amounting to $0.0525 per share. The dividend will be paid on January 10, 2024, to shareholders of record as of December 29, 2023. The company primarily owns, operates, acquires, and develops Class A multifamily properties.
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Veris Residential Recognized as a Leader in ESG, DEI and Corporate Stewardship by Top Real Estate and Business Organizations

Rhea-AI Summary
Veris Residential, Inc. (NYSE: VRE) has received several prestigious awards for its work in Environmental, Social and Governance (ESG), including Diversity, Equity and Inclusion (DEI) and corporate stewardship. The company was recognized as a Leader in the Light and awarded the Bronze 2023 Diversity Equity & Inclusion Recognition from Nareit, earned a 5 Star rating for a second consecutive year in the 2023 GRESB Real Estate Assessment, and received the Best Corporate Steward: Small and Middle-Market Business Award from the United States Chamber of Commerce Foundation. Veris Residential's achievements reflect its commitment to sustainability and ESG practices, as well as its strategic transformation into a pure-play multifamily REIT.
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Veris Residential, Inc. Reports Third Quarter 2023 Results

Rhea-AI Summary
Veris Residential, Inc. reports results for Q3 2023 with a net loss per share of $(0.60) and Core FFO per share of $0.12. Multifamily portfolios are 95.3% and 95.5% occupied. Same Store NOI increased by 17.1%. $135 million of non-strategic sales closed since June 30. $71 million of non-strategic assets remain under contract for sale. $115 million Term Loan and $52 million Revolver fully repaid. Refinanced mortgages with interest rate savings. Named 2023 Global and Regional Sector Leader by GRESB. Positive operational results despite softening rents. Raises guidance for 2023.
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Veris Residential, Inc. Announces Dates for Third Quarter 2023 Financial Results and Webcast

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Veris Residential, Inc. to host Q3 2023 financial results webcast and conference call on October 26, 2023.
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KUSHNER COMPANIES ISSUES STATEMENT REGARDING VERIS RESIDENTIAL

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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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Veris Residential Issues Clarification Regarding Scheduled Time for Second Quarter 2023 Earnings Conference Call

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Veris Residential, Inc. Reports Second Quarter 2023 Results

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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%.
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Veris Residential Inc

NYSE:VRE

VRE Rankings

#1448 Ranked by Market Cap
#1483 Ranked by Dividends

VRE Stock Data

1.48B
78.47M
9.44%
101.7%
2.5%
REIT - Residential
Real Estate Investment Trusts
Link
United States
JERSEY CITY