Veris Residential (VRE) Q2 FFO and Revenues Surpass Estimates

Group 1: Financial Performance - Veris Residential (VRE) reported quarterly funds from operations (FFO) of $0.17 per share, exceeding the Zacks Consensus Estimate of $0.14 per share, but down from $0.18 per share a year ago, representing an FFO surprise of +21.43% [1] - The company posted revenues of $75.93 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 4.51%, compared to year-ago revenues of $67.48 million [2] - The current consensus FFO estimate for the coming quarter is $0.16 on revenues of $74.41 million, and for the current fiscal year, it is $0.62 on revenues of $289.73 million [7] Group 2: Market Performance and Outlook - Veris shares have declined approximately 12.6% since the beginning of the year, while the S&P 500 has gained 7.3% [3] - The Zacks Industry Rank for REIT and Equity Trust - Residential is currently in the top 20% of over 250 Zacks industries, indicating a favorable outlook for the industry [8] - The estimate revisions trend for Veris was mixed ahead of the earnings release, 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]