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Veris Residential (VRE) Q4 FFO and Revenues Miss Estimates
VREVeris Residential(VRE) ZACKS·2025-02-24 23:56

分组1 - Veris Residential reported quarterly funds from operations (FFO) of $0.11 per share, missing the Zacks Consensus Estimate of $0.12 per share, and down from $0.12 per share a year ago, representing an FFO surprise of -8.33% [1] - The company posted revenues of $68.08 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 1.29%, and down from $72.92 million year-over-year [2] - Veris shares have underperformed the market, losing about 5.8% since the beginning of the year compared to the S&P 500's gain of 2.2% [3] 分组2 - The current consensus FFO estimate for the coming quarter is $0.14 on revenues of $69.35 million, and for the current fiscal year, it is $0.61 on revenues of $281.49 million [7] - The Zacks Industry Rank for REIT and Equity Trust - Residential is currently in the bottom 30% of over 250 Zacks industries, indicating potential challenges for the sector [8] - The estimate revisions trend for Veris is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, suggesting it is expected to perform in line with the market in the near future [6]