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) announced its sponsorship of the St. Jude Children's Research Hospital Walk/Run 5K on September 24, 2022, at MetLife Stadium, aiming to raise $100,000 for childhood cancer support and research. Peloton Instructor Kirsten Ferguson will lead participants in a warm-up. The event marks St. Jude's first in-person event since the pandemic, highlighting Veris's commitment to community support. Since 1962, St. Jude has increased childhood cancer survival rates from 20% to over 80%.
Veris Residential, Inc. (NYSE: VRE) reported strong Q2 2022 results, with net income of $0.25 per share and Core FFO of $0.15 per share. The multifamily portfolio achieved 97.1% occupancy, and Same Store NOI rose 28.0% year-over-year. The company acquired The James, a 240-unit property for $129.6 million, and is set to generate $19.6 million from the sale of non-core assets. Despite challenges in the office sector, Veris has a solid liquidity position of $203 million and a commitment to reduce emissions by 50% by 2030, reflecting its strategic transformation efforts.
Veris Residential (NYSE: VRE) has achieved a top ISS ESG QualityScore rating of '1' for both Environmental and Social disclosures, significantly improving from previous scores of 9 and 8. Approximately 40% of its multifamily portfolio is now Green Certified, an increase from 33% just two months prior. The company has signed sustainability addendums for more than 20% of its residential portfolio and has successfully earned LEED® Silver certification for several properties. These advancements highlight Veris Residential's commitment to sustainability and long-term shareholder value.
Veris Residential, Inc. (NYSE: VRE) will report its second quarter 2022 financial results on August 3, 2022, after market close. The results will be discussed during a conference call on August 4, 2022, at 8:30 a.m. eastern, accessible via the Company's website or by phone. Veris Residential is committed to environmentally and socially responsible real estate investment, focusing on Class A multifamily properties. For more information, visit verisresidential.com.
Veris Residential, Inc. (NYSE: VRE) announced its Q1 2022 results, reporting a net loss of $0.13 per share, compared to a profit of $0.06 per share in Q1 2021. Core Funds from Operations (Core FFO) dropped to $0.09 per share, down from $0.18 per share year-over-year. Despite these losses, the multifamily portfolio showed strong occupancy, with 97.5% of the 6,691 units occupied. Notably, Same Store Net Operating Income (NOI) increased 20.0% year-over-year, driven by higher rents and reduced concessions. The company completed significant transactions, including acquiring a 240-unit property for $130 million.
Veris Residential, Inc. (NYSE: VRE) will announce its first quarter 2022 financial results on May 4, 2022, after market close. A webcast and conference call will take place on May 5, 2022, at 8:30 a.m. Eastern. Investors can access the call via the company’s website or by dialing (646) 828-8073. Audio replays will be available post-conference on their site. Veris Residential focuses on holistic, environmentally-conscious Class A multifamily properties, guided by strong corporate governance.
Veris Residential, Inc. (NYSE: VRE) has announced two key executive appointments aimed at reinforcing its transition to a pure-play multifamily REIT. Jeff Turkanis, formerly Head of U.S. Residential at Oxford Properties Group, becomes Chief Investment Officer on April 4, 2022. Taryn Fielder, previously General Counsel at WashREIT, will take on the role of General Counsel effective April 18, 2022. Both appointees bring extensive real estate experience and are expected to enhance the company's investment strategies and legal compliance.
Veris Residential reported its Q4 and full year 2021 results, showing a net loss of $(0.32) per share in Q4 and $(1.39) for the year. Core FFO per share was $0.17 for Q4 and $0.68 for the full year. The multifamily portfolio's occupancy was 96.6%, with a 21% increase in Same Store NOI year-over-year. The company sold $741 million in suburban office properties and added 866 units to its multifamily portfolio. A rebranding effort underscores a strategic shift to a multifamily focus while maintaining efforts in sustainability. A CFO transition is planned for April 2022.
Veris Residential, Inc. (NYSE: VRE) will host its fourth quarter and full year 2021 financial results webcast on February 24, 2022, at 8:30 a.m. Eastern. Before the market close on February 23, 2022, the company will issue its financial results. Investors can access the webcast via the company's website or by calling (646) 828-8073. Replay will be available post-call. Veris Residential focuses on environmentally-conscious multifamily properties.
