Core Viewpoint - Veris Residential, Inc. will host its fourth quarter and full year 2025 financial results webcast and conference call on February 25, 2026, with results released after market close on February 24, 2026 [1]. Group 1: Financial Results Announcement - The conference call is scheduled for 8:30 a.m. ET on February 25, 2026 [1]. - Results will be available after market close on February 24, 2026 [1]. Group 2: Accessing the Conference Call - The webcast can be accessed via the Company's website [2]. - Participants can join the conference call by dialing +1 (877) 451-6152 for domestic or +1 (201) 389-0879 for international calls [2]. - It is recommended to log on or dial in approximately 10 minutes prior to the start time [2]. Group 3: Replay Information - A replay of the conference call will be available after 12:00 p.m. ET on February 25, 2026, until 11:59 p.m. ET on March 11, 2026 [3]. - The replay can be accessed using +1 (844) 512-2921 for domestic or +1 (412) 317-6671 for international calls, with the passcode 13758210 [3]. - Audio replay will also be available on Veris Residential's website [3]. Group 4: Company Overview - Veris Residential, Inc. is a real estate investment trust (REIT) focused on Class A multifamily properties in the Northeast [4]. - The company operates a technology-enabled, vertically integrated platform to enhance living experiences and positively impact communities [4]. - It is guided by an experienced management team and Board of Directors, emphasizing corporate governance and an inclusive culture [4].

Core Viewpoint - Veris Residential, Inc. has announced the tax treatment of its 2025 distributions, totaling $0.32 per share, with specific classifications for income tax purposes [1]. Distribution Details - The total cash distribution per share is $0.32, broken down as follows: - For the record date of 12/31/2024, the payment date is 1/10/2025, with a cash distribution of $0.08 classified as ordinary dividends and a capital gain of $0.08, with an unrecaptured section 1250 gain of $0.042817 [1]. - For the record date of 3/31/2025, the payment date is 4/10/2025, with the same cash distribution and classifications as above [1]. - For the record date of 6/30/2025, the payment date is 7/10/2025, maintaining the cash distribution of $0.08 and classifications [1]. - For the record date of 9/30/2025, the payment date is 10/10/2025, again with a cash distribution of $0.08 and similar classifications [1]. - The total taxable amount for the distributions is $0.32, with an unrecaptured section 1250 gain totaling $0.171268 [1]. Company Overview - Veris Residential, Inc. is a real estate investment trust (REIT) focused on owning, operating, acquiring, and developing Class A multifamily properties in the Northeast [3]. - The company utilizes a technology-enabled, vertically integrated operating platform to enhance the living experience for residents and positively impact the communities served [3]. - The management team and Board of Directors are experienced, guided by strong corporate governance principles and a meritocratic culture [3].

Industry Overview - The Zacks REIT and Equity Trust - Residential industry includes companies that own, develop, and manage various residential properties, generating revenues by renting spaces to tenants [3] - The industry is currently facing near-term pressure from supply overhangs and uneven demand, leading to inconsistent pricing power and elevated expenses that squeeze margins [1][4] Current Challenges - A significant supply overhang persists despite a slowdown in new construction, affecting pricing power and revenue growth, which is heavily dependent on portfolio mix and lease timing [4] - Cost pressures are limiting cash flow growth, as rent growth has softened while expenses remain high, necessitating a focus on execution and efficient investment in existing assets [5] Long-Term Support Factors - Renting remains the most accessible housing option due to high mortgage rates and limited home supply, supporting steady occupancy and renewals [2][6] - Healthy household formation and demand from AI- and knowledge-based workers contribute to stabilizing cash flows and reinforcing long-term resilience [2][7] Industry Performance - The industry has underperformed the broader Finance sector and the S&P 500, declining 8.4% over the past year compared to the S&P 500's increase of 19.5% [12] - The Zacks Industry Rank indicates dim near-term prospects, placing the industry in the bottom 31% of around 250 Zacks industries [9][10] Valuation Metrics - The industry is currently trading at a forward 12-month price-to-FFO ratio of 14.89, which is below the S&P 500's forward P/E of 23.36 and the Finance sector's forward P/E of 17.70 [15] - Over the last five years, the industry has traded between a high of 26.61 and a low of 13.75, with a median of 17.04 [18] Notable Companies - **Equity LifeStyle Properties**: Focuses on manufactured home communities and has a strong demand outlook due to affordable housing needs and favorable demographics. The Zacks Consensus Estimate for 2025 FFO per share is $3.06, indicating a 5.2% increase year over year [19][21] - **Veris Residential**: Operates Class A multifamily rental properties with high occupancy rates of approximately 94.7%. The Zacks Consensus Estimate for its 2025 FFO per share is 69 cents, reflecting a 3% upward revision [23][25]

Core Insights - Veris Residential, Inc. has sold its Harborside 8/9 land parcel in Jersey City for $75 million, with net proceeds estimated at approximately $69 million [1][2] - The transaction is expected to reduce the company's Net Debt-to-EBITDA ratio to approximately 9.0x, down from 10.0x in Q3 and 11.7x at year-end 2024, marking a 53% reduction since 2021 [2][3] - The sale is projected to be accretive by approximately $0.04 per share to Core FFO on a run-rate basis [2][3] Financial Impact - The proceeds will be utilized to further reduce debt, enhancing the company's financial position [2][3] - The remaining land bank is valued at approximately $35 million, primarily located in Massachusetts [2] - Year-to-date, the company has achieved $542 million in non-strategic asset sales, surpassing its original target of $300 to $500 million [4] Strategic Goals - The sale aligns with the company's strategic plan to monetize non-strategic assets and strengthen its balance sheet [3] - The company has raised its asset sales target to $650 million and aims to potentially reduce its Net Debt-to-EBITDA below 8.0x by year-end 2026 [4] - The Harborside 8 parcel is approved for a 68-story tower with 680 residential units, while Harborside 9 is approved for a 57-story tower with 579 units, including a 15% affordable housing component [4]

Core Insights - Veris Residential is experiencing improvements in its fundamentals, including occupancy gains and rental growth, despite its stock price being significantly undervalued [6][9] - Argosy-Lionbridge Management has reduced its stake in Veris Residential, indicating a cautious approach among large investors [2][3] Company Overview - Veris Residential specializes in Class A multifamily properties, focusing on sustainability and community impact [5][7] - As of the latest market close, Veris Residential's stock price is $14.18, with a market capitalization of $1.6 billion, revenue of $285.2 million, and net income of $63 million [4] Financial Performance - In the third quarter, Veris Residential reported a net income of $0.80 per diluted share, a significant improvement from a loss of $0.10 per share a year earlier [9] - The company achieved a 94.7% occupancy rate and reaffirmed same-store revenue growth of 2.2% to 2.7% for the year [9] Investment Position - Argosy-Lionbridge's current holding in Veris Residential is 265,413 shares valued at $4 million, representing 2.7% of its reportable assets under management [2][3] - Despite the company's solid fundamentals, its stock has underperformed, down 19% over the past year compared to a 12% increase in the S&P 500 [3][6] Strategic Focus - Veris Residential aims to meet evolving lifestyle needs of residents while maintaining a competitive edge through environmentally responsible practices [5][7] - The company is actively working on asset sales to reduce debt, currently carrying a normalized net debt-to-EBITDA ratio of 10x [8][9]

Core Viewpoint - Portugal's largest utility, EDP, plans to invest €12 billion ($13.99 billion) from 2026 to 2028, primarily to expand its renewable energy capacity, with a significant focus on the United States [1] Investment Plans - EDP's investment strategy emphasizes the expansion of renewable energy sources [1] - The planned investment period is set between 2026 and 2028 [1] - The total investment amount is €12 billion, equivalent to $13.99 billion [1] Geographic Focus - The company is particularly targeting the United States for its renewable capacity expansion [1]

Core Insights - Albert Anthony is a Croatian-American business author and analyst contributing to Seeking Alpha and other financial platforms, with a focus on Real Estate Investment Trusts (REITs) [1] - He has a background in business information systems and experience at Charles Schwab, which supports his analytical capabilities in equities research [1] - Anthony operates his own boutique equities research firm, Albert Anthony & Company, remotely from Texas, and is actively involved in the REIT investment space [1] Company Background - Albert Anthony & Company is a Texas-registered business that provides market commentary and research based on publicly available data [1] - The firm does not manage client funds or provide personalized financial advisory services, focusing instead on general market insights [1] Author's Qualifications - Anthony holds a B.A. in Political Science and is certified in Microsoft Fundamentals and CompTIA Project+ [1] - He is pursuing ongoing certifications in Capital Markets & Securities Analyst (CMSA) and business intelligence/data analysis through the Corporate Finance Institute [1] Media Presence - Anthony has a growing presence on YouTube, where he discusses REITs and shares insights from his investment portfolio [1] - He has participated in numerous business and innovation conferences, enhancing his visibility in the financial community [1]

Core Viewpoint - Veris Residential, Inc. has declared a cash dividend of $0.08 per share for the fourth quarter of 2025, payable on January 9, 2026, to shareholders of record as of December 31, 2025 [1]. Company Overview - Veris Residential, Inc. is a Northeast-focused, Class A multifamily real estate investment trust (REIT) that owns, operates, acquires, and develops premier multifamily properties [3]. - The company utilizes a technology-enabled, vertically integrated operating platform to enhance the living experience for residents and positively impact the communities it serves [3]. - Veris Residential is guided by an experienced management team and Board of Directors, emphasizing strong corporate governance and an inclusive, meritocratic culture [3].

Group 1 - Crude Value Insights provides an investment service and community focused on the oil and natural gas sectors, emphasizing cash flow and companies that generate it [1] - The service offers subscribers access to a model account with over 50 stocks, detailed cash flow analyses of exploration and production (E&P) firms, and live chat discussions about the sector [1] Group 2 - A two-week free trial is available for new subscribers, promoting engagement with the oil and gas market [2]

Group 1 - The briefing is focused on APRA's proposed capital standards for longevity products, with a consultation period ending on December 17th [1][3] - The company is currently engaging with APRA regarding these proposed reforms and will submit written feedback [3] - Certain topics, such as target ranges and capital allocation, will not be discussed during the session as they require approval from the Challenger Board or APRA [3] Group 2 - The event is being held at Challenger's head office in Sydney, acknowledging the traditional custodians of the land [2] - A Q&A session will follow the briefing, limited to analysts and investors who join via telephone [3] - The session aims to provide clarifications and guidance on the proposed capital standards [3]