BETHESDA, Md., Oct. 23, 2025 (GLOBE NEWSWIRE) -- Elme Communities (the “Company” or “Elme”) (NYSE: ELME), a multifamily REIT, reported financial and operating results today for the quarter ended September 30, 2025: Financial Results Three months ended September 30, 2025 2024Net loss per diluted share$ (1.40) $ (0.03)Core FFO per diluted share 0.22 <td ...

Veris Residential (NYSE:VRE) Q3 2025 Earnings Call October 23, 2025 08:30 AM ET Company ParticipantsTaryn Fielder - General Counsel and SecretaryMahbod Nia - CEOAmanda Lombard - CFOAnna Malhari - COOConference Call ParticipantsSanket Agrawal - AnalystTom Catherwood - Equity Research AnalystJana Galan - Research AnalystEric Jon Wolfe - AnalystEric Wolfe - Equity Research AnalystOperatorGreetings and welcome to the Veris Residential Inc. Third Quarter 2025 Earnings Conference Call. At this time, all participa ...

Veris Residential (NYSE:VRE) Q3 2025 Earnings Call October 23, 2025 08:30 AM ET Company ParticipantsTaryn Fielder - General Counsel and SecretaryMahbod Nia - CEOAmanda Lombard - CFOAnna Malhari - COOConference Call ParticipantsSanket Agrawal - AnalystTom Catherwood - Equity Research AnalystJana Galan - Research AnalystEric Wolfe - Equity Research AnalystOperatorGreetings and welcome to the Veris Residential Inc. third quarter 2025 earnings conference call. At this time, all participants are in a listen-only ...

Veris Residential (NYSE:VRE) Q3 2025 Earnings Call October 23, 2025 08:30 AM ET Speaker5Greetings and welcome to the Veris Residential Inc. Third Quarter 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press *0 on your telephone keypad. Please note this conference is being recorded. I would now like to turn the conference over ...

Veris Residential (NYSE:VRE) Q3 2025 Earnings Call October 23, 2025 08:30 AM ET Speaker0Greetings, and welcome to the Verus Residential Inc. Third Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. Please note this conference is being recorded.I would now like to turn the conference over to your host, Ms. Terren Fielder. Please go ahead.Speaker1Good morning, everyone, and welcome to ...

Accessibility StatementSkip Navigation JERSEY CITY, N.J., Oct. 22, 2025 /PRNewswire/ --  Veris Residential, Inc. (NYSE: VRE) (the "Company"), a forward-thinking, Northeast- focused, Class A multifamily REIT, today reported results for the third quarter 2025. Three Months Ended September 30, Nine Months Ended September 30, | 2025 | 2024 | 2025 2024 | | --- | --- | --- | | Net Income (loss) per Diluted Share | $0.80 | $(0.10) $0.81 $(0.12) | | Core FFO per Diluted Share | $0.20 | $0.17 $0.52 $0.49 | | Core ...

Core Insights - The multifamily sector is experiencing leadership changes with several firms promoting executives and adding new roles to enhance their operational capabilities Group 1: Fogelman - Fogelman appointed Kristy Heuberger as president of investment management and promoted Justin Marshall to president of property services [2][3] - Heuberger will lead the investment management platform, overseeing transactions, portfolio management, asset management, capital formation, and investor relations [3] - Marshall, previously COO, will manage property operations, construction management, and client relations for managed assets [4] Group 2: Grubb Properties - Grubb Properties promoted Todd Williams to president and Harold A. "Skip" Schwartz III to chief investment officer [5] - Williams, who joined Grubb in 2005, will oversee construction, development, and operations teams [5] - Schwartz will focus on expanding partnerships with institutional investors and lead client relations teams in capital formations and asset management [7] Group 3: Waterton - Waterton hired Sean Jacobson as senior vice president of portfolio management [8] - Jacobson will be responsible for multifamily investment strategies and portfolio diversification within the firm's value-add fund platform [8] - He previously held significant roles in real estate investment management, including director of real estate at NexPoint Real Estate Advisors [9]

Core Insights - The Atlanta apartment sales market is showing signs of improvement, driven by record deliveries and demand in 2023 and 2024 [2] - Notable transactions include the sale of Town Laurel Crossing and Manor Barrett, with a total acquisition financing of $352.8 million arranged by Walker & Dunlop [2][3] - Greenwood Star Holdings has also made acquisitions in the Atlanta area, purchasing Parkside Apartments for $31.5 million and Creekside Apartments for $15.5 million, both at significant discounts to comparable sale prices [4][5] Transaction Details - Town Laurel Crossing consists of 360 units located in the Exchange at Gwinnett shopping district, while Manor Barrett has 347 units in the Town Center Commercial District in Kennesaw, Georgia [3] - The acquisition financing for Town Laurel Crossing and Manor Barrett was facilitated by Freddie Mac [3] - Greenwood Star Holdings acquired Parkside Apartments at a 23% discount and Creekside Apartments at a 35% discount to their comparable sale prices [5] Market Conditions - The Atlanta area is experiencing high occupancy rates, with mortgage payments being more than double the monthly rent payments at the acquired properties [6] - Doraville, a submarket of Atlanta, is noted for its resilient fundamentals and competitive rental housing environment [7] - Greenwood Star believes that the properties are well-positioned to deliver significant value to investors due to their integrated property management capabilities and favorable financing terms [7]

Core Perspective - Grant Cardone emphasizes the importance of focusing on income growth rather than frugality for achieving wealth, stating that financial independence is created by growth, not restraint [1][4] Investment Philosophy - Cardone advocates for the use of leverage in investing, distinguishing between "bad debt" for consumer goods and "good debt" for financing assets, demonstrating that debt can be a tool for wealth creation [2] - He warns against letting cash sit idle, labeling it as "trash," and encourages investment in income-producing assets instead of traditional savings accounts [4] Branding and Visibility - Cardone highlights the significance of visibility and personal branding in achieving financial success, asserting that recognition is essential for attracting wealth [3]

Core Insights - Overall mid- and high-rise sales in August decreased by 3% to $5.9 billion, while individual trades increased by 39% year-over-year, driven by the sale of 800 Fifth Avenue in New York City for $810 million [3] - Garden property sales fell by 13% year-over-year to $6.5 billion, mainly due to a decline in portfolio sales [3] - Apartment transactions remain below pre-Federal Reserve rate hike levels, with a noted slowdown in real estate transactions since early 2022 [4] Investment Interest - Institutional equity sources, including insurance companies, opportunity funds, endowments, and pension funds, are showing strong interest in multifamily deals due to favorable future supply-demand dynamics [5] - The recent 25 basis point cut in the Federal Reserve's benchmark interest rate has been positively received, with hopes for further reductions to stimulate sales [5][6] Sales Volume and Trends - Apartment sales volume decreased by 8% year-over-year to $12.5 billion in August, while individual property sales rose by 11% year-over-year to $11.2 billion [7] - Portfolio activity saw a significant decline of 64% year-over-year in August, dropping to $1.3 billion, which negatively impacted overall sales [7] - The Real Capital Analytics commercial property price indexes for multifamily properties increased by 0.2% year-over-year, contrasting with a 6% annual decline a year ago, while cap rates have remained stable at 5.5% since August 2024 [7]