Veris Residential (VRE) Q2 FFO and Revenues Surpass Estimates

Veris Residential (VRE) came out with quarterly funds from operations (FFO) of $0.17 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to FFO of $0.18 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of +21.43%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.13 per share when it actually produced FFO of $0.16, delivering a surprise of +23.08%.Over the last four ...