Veris Residential (VRE) Tops Q2 FFO Estimates

Veris Residential (VRE) came out with quarterly funds from operations (FFO) of $0.18 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to FFO of $0.16 per share a year ago. These figures are adjusted for non-recurring items. Veris, which belongs to the Zacks REIT and Equity Trust - Residential industry, posted revenues of $67.48 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 0.38%. This compares to year-ago revenues of $68.73 million. The com ...