Veris Residential (VRE) Q4 FFO and Revenues Top Estimates

Veris Residential (VRE) came out with quarterly funds from operations (FFO) of $0.19 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to FFO of $0.11 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of +16.35%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.15 per share when it actually produced FFO of $0.2, delivering a surprise of +33.33%.Over the last four ...