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. (NYSE: VRE) is a real estate investment trust (REIT) that, according to its public statements, primarily owns, operates, acquires and develops premier Class A multifamily properties in the Northeast. As a Northeast-focused multifamily REIT with a technology-enabled, vertically integrated operating platform, the company regularly releases news that reflects both its property operations and its corporate and capital markets activity.
The Veris Residential news feed features company-issued press releases and related updates. These items include quarterly and year-to-date financial results, where the company reports metrics such as net income (loss) per diluted share, Core Funds From Operations (Core FFO) per diluted share, Core Adjusted Funds From Operations (Core AFFO) per diluted share, Same Store blended net rental growth rate, Same Store net operating income (NOI) growth and Same Store occupancy. Earnings releases are often accompanied by guidance updates for measures like Same Store revenue growth, Same Store expense growth, Same Store NOI growth and Core FFO per share.
News coverage also highlights Veris Residential’s transaction activity and balance sheet strategy. The company has reported on non-strategic asset sales involving multifamily properties and land parcels in Northeastern markets, as well as the sale of the Harborside 8/9 land parcel in Jersey City, New Jersey. These releases describe how sale proceeds are used to repay term loans, reduce borrowings under the revolving credit facility and lower Net Debt-to-EBITDA (Normalized), in line with the company’s multi-year balance sheet and deleveraging strategy.
Additional news items include announcements of amendments to the company’s revolving credit and term loan agreement, which introduce a leverage-based pricing grid and adjust collateral pool requirements; declarations of quarterly cash dividends on the company’s common stock; and updates on corporate governance, such as appointments to the Board of Directors. Veris Residential also issues releases regarding the timing of earnings webcasts and conference calls and provides information about access to supplemental operating and financial data and corporate presentations.
For investors and observers of multifamily REITs, the Veris Residential news stream offers insight into the company’s operating performance, portfolio optimization, capital structure decisions and sustainability recognitions, including its reported Global Real Estate Sustainability Benchmark (GRESB) ratings and sector leadership acknowledgments.
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Veris Residential (NYSE: VRE) reported its first-quarter 2023 results, revealing a net loss of
Veris Residential, Inc. (NYSE: VRE) announced it will host a webcast for its first quarter 2023 financial results on April 27, 2023, at 9:00 a.m. eastern. The results will be released after market close on April 26, 2023. Investors can access the conference call via the company's website or by calling designated numbers for domestic and international participants. The company focuses on owning and developing environmentally-conscious, Class A multifamily properties, aiming to meet the sustainability needs of modern residents while benefiting the communities it serves.
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