Core Insights - Veris Residential, Inc. (VRE) is a real estate investment trust (REIT) focused on Class A multifamily properties in the Northeast, known for strategic asset management and development activities [1] Financial Performance - For Q4 2025, VRE reported earnings per share (EPS) of $0.03, missing the expected EPS of $0.16 [2][6] - The company exceeded revenue expectations with reported revenue of $71.31 million, compared to the estimated $67.94 million [2][6] Strategic Actions - In 2025, VRE completed $542 million in non-strategic asset sales, including the sale of two land parcels in Jersey City for $75 million, reducing its land bank value to approximately $35 million [3] - The company acquired its partner's interest in the Jersey City Urby for $38.5 million, rebranding it to Sable and achieving $1 million in annualized synergies [3] Financial Position - As of December 31, 2025, VRE reported liquidity of $280 million, indicating a strong financial position [4][6] - The company's price-to-earnings (P/E) ratio is approximately 27.93, with a price-to-sales ratio of about 6.17 and an enterprise value to sales ratio around 11.16 [4] - The enterprise value to operating cash flow ratio is approximately 47.33, and the earnings yield is about 3.58% [5] - The debt-to-equity ratio is approximately 1.24, indicating a balanced use of debt and equity financing, while the current ratio of around 0.28 highlights potential challenges in covering short-term liabilities with short-term assets [5]

Veris Residential, Inc. Reports Fourth Quarter and Full Year 2025 Results [Accessibility Statement] Skip NavigationJERSEY CITY, N.J., Feb. 23, 2026 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE) (the "Company"), a forward-thinking, Northeast-focused, Class A multifamily REIT, today reported results for the fourth quarter and full year 2025.Three Months Ended December 31,Twelve Months Ended December 31,2025202420252024Net Income (loss) per Diluted Share$0.00$(0.13)$0.80$(0.25)Core FFO per Diluted Share$ ...

Core Viewpoint - Veris Residential, Inc. will host its fourth quarter and full year 2025 financial results webcast and conference call on February 25, 2026, with results released after market close on February 24, 2026 [1]. Group 1: Financial Results Announcement - The conference call is scheduled for 8:30 a.m. ET on February 25, 2026 [1]. - Results will be available after market close on February 24, 2026 [1]. Group 2: Accessing the Conference Call - The webcast can be accessed via the Company's website [2]. - Participants can join the conference call by dialing +1 (877) 451-6152 for domestic or +1 (201) 389-0879 for international calls [2]. - It is recommended to log on or dial in approximately 10 minutes prior to the start time [2]. Group 3: Replay Information - A replay of the conference call will be available after 12:00 p.m. ET on February 25, 2026, until 11:59 p.m. ET on March 11, 2026 [3]. - The replay can be accessed using +1 (844) 512-2921 for domestic or +1 (412) 317-6671 for international calls, with the passcode 13758210 [3]. - Audio replay will also be available on Veris Residential's website [3]. Group 4: Company Overview - Veris Residential, Inc. is a real estate investment trust (REIT) focused on Class A multifamily properties in the Northeast [4]. - The company operates a technology-enabled, vertically integrated platform to enhance living experiences and positively impact communities [4]. - It is guided by an experienced management team and Board of Directors, emphasizing corporate governance and an inclusive culture [4].

Core Viewpoint - Veris Residential, Inc. has announced the tax treatment of its 2025 distributions, totaling $0.32 per share, with specific classifications for income tax purposes [1]. Distribution Details - The total cash distribution per share is $0.32, broken down as follows: - For the record date of 12/31/2024, the payment date is 1/10/2025, with a cash distribution of $0.08 classified as ordinary dividends and a capital gain of $0.08, with an unrecaptured section 1250 gain of $0.042817 [1]. - For the record date of 3/31/2025, the payment date is 4/10/2025, with the same cash distribution and classifications as above [1]. - For the record date of 6/30/2025, the payment date is 7/10/2025, maintaining the cash distribution of $0.08 and classifications [1]. - For the record date of 9/30/2025, the payment date is 10/10/2025, again with a cash distribution of $0.08 and similar classifications [1]. - The total taxable amount for the distributions is $0.32, with an unrecaptured section 1250 gain totaling $0.171268 [1]. Company Overview - Veris Residential, Inc. is a real estate investment trust (REIT) focused on owning, operating, acquiring, and developing Class A multifamily properties in the Northeast [3]. - The company utilizes a technology-enabled, vertically integrated operating platform to enhance the living experience for residents and positively impact the communities served [3]. - The management team and Board of Directors are experienced, guided by strong corporate governance principles and a meritocratic culture [3].

Core Insights - Veris Residential, Inc. has sold its Harborside 8/9 land parcel in Jersey City for $75 million, with net proceeds estimated at approximately $69 million [1][2] - The transaction is expected to reduce the company's Net Debt-to-EBITDA ratio to approximately 9.0x, down from 10.0x in Q3 and 11.7x at year-end 2024, marking a 53% reduction since 2021 [2][3] - The sale is projected to be accretive by approximately $0.04 per share to Core FFO on a run-rate basis [2][3] Financial Impact - The proceeds will be utilized to further reduce debt, enhancing the company's financial position [2][3] - The remaining land bank is valued at approximately $35 million, primarily located in Massachusetts [2] - Year-to-date, the company has achieved $542 million in non-strategic asset sales, surpassing its original target of $300 to $500 million [4] Strategic Goals - The sale aligns with the company's strategic plan to monetize non-strategic assets and strengthen its balance sheet [3] - The company has raised its asset sales target to $650 million and aims to potentially reduce its Net Debt-to-EBITDA below 8.0x by year-end 2026 [4] - The Harborside 8 parcel is approved for a 68-story tower with 680 residential units, while Harborside 9 is approved for a 57-story tower with 579 units, including a 15% affordable housing component [4]

Core Viewpoint - Veris Residential, Inc. has declared a cash dividend of $0.08 per share for the fourth quarter of 2025, payable on January 9, 2026, to shareholders of record as of December 31, 2025 [1]. Company Overview - Veris Residential, Inc. is a Northeast-focused, Class A multifamily real estate investment trust (REIT) that owns, operates, acquires, and develops premier multifamily properties [3]. - The company utilizes a technology-enabled, vertically integrated operating platform to enhance the living experience for residents and positively impact the communities it serves [3]. - Veris Residential is guided by an experienced management team and Board of Directors, emphasizing strong corporate governance and an inclusive, meritocratic culture [3].

Core Viewpoint - Veris Residential, Inc. will host its third quarter 2025 financial results webcast and conference call on October 23, 2025, with results released after market close on October 22, 2025 [1]. Group 1: Conference Call Details - The conference call can be accessed via the internet on the Company's website or by dialing specific numbers for domestic and international participants [2]. - Participants are advised to log on or dial in approximately 10 minutes before the scheduled start time [2]. Group 2: Replay Information - A replay of the conference call will be available from October 23, 2025, at 12:00 p.m. ET until November 23, 2025, at 11:59 p.m. ET [3]. - Listeners can access the replay using designated phone numbers and a passcode, with audio also available on the Company's website for one year [3]. Group 3: Company Overview - Veris Residential, Inc. is a multifamily REIT focused on owning, operating, acquiring, and developing Class A properties in the Northeast [4]. - The Company utilizes a technology-enabled, vertically integrated operating platform to enhance living experiences and positively impact communities [4]. - The management team and Board of Directors emphasize corporate governance, operational excellence, and an inclusive culture [4].

Core Viewpoint - Veris Residential, Inc. has declared a cash dividend of $0.08 per share for the third quarter of 2025, reflecting the company's ongoing commitment to returning value to shareholders [1]. Group 1: Company Overview - Veris Residential, Inc. is a real estate investment trust (REIT) focused on owning, operating, acquiring, and developing Class A multifamily properties primarily in the Northeast [3]. - The company utilizes a technology-enabled, vertically integrated operating platform to enhance the living experience for residents and positively impact the communities it serves [3]. - Veris Residential is guided by an experienced management team and Board of Directors, emphasizing strong corporate governance and an inclusive, meritocratic culture [3]. Group 2: Dividend Announcement - The cash dividend of $0.08 is for the period ending September 30, 2025, and will be paid on October 10, 2025, to shareholders of record as of September 30, 2025 [1].

Core Viewpoint - Veris Residential, Inc. will host its second quarter 2025 financial results webcast and conference call on July 24, 2025, at 8:30 a.m. eastern, with results released after market close on July 23, 2025 [1]. Group 1: Financial Results Announcement - The conference call can be accessed via the internet or by phone, with a recommendation to log in or dial in 10 minutes prior to the start time [2]. - A replay of the conference call will be available from July 24, 2025, at 12:00 p.m. eastern until August 24, 2025, at 11:59 p.m. eastern, with specific access numbers and a passcode provided [3]. Group 2: Company Overview - Veris Residential, Inc. is a real estate investment trust (REIT) focused on owning, operating, acquiring, and developing Class A multifamily properties in the Northeast, utilizing a technology-enabled operating platform [4]. - The company emphasizes a contemporary living experience aligned with resident preferences and aims to positively impact the communities it serves, supported by an experienced management team and strong corporate governance [4].

Company Overview - Veris Residential 的入住率为 94.4%[8]，拥有 7,621 套公寓[8]。 - 截至 2024 年 11 月 8 日，混合净租金增长率为 4.5%[8]。 - 2024 年至今的 NOI 为 6.7%[11]。 - 83% 的房产获得了绿色认证[11]。 Financial Performance - 截至 2024 年 9 月 30 日，新泽西州海滨的运营多户型 NOI 为 1.7372 亿美元[12]，马萨诸塞州为 2603.2 万美元[12]，其他地区为 3071.2 万美元[12]，商业 NOI 为 352.4 万美元[12]。 - 非战略资产的估计土地价值为 1.87311 亿美元[13]，基于 4,139 个潜在单元[13]。 - 截至 2024 年 9 月 30 日，未偿还股份包括 9290.3 万股加权平均流通普通股[15]。 Market Overview - Tri-State 地区（纽约州、新泽西州、康涅狄格州）现有 A 级总库存为 30.3 万套[48]，在建 A 级项目为 50,575 套（占 16.7%）[48]，A 级平均租金为 4,260 美元[48]。 - Jersey City 海滨现有 A 级总库存为 19,500 套[48]，在建 A 级项目为 2,743 套（占 14.1%）[48]，A 级平均租金为 4,251 美元[48]。 - 波士顿都会区现有 A 级总库存为 11.6 万套[48]，在建 A 级项目为 10,174 套（占 8.7%）[51]，A 级平均租金为 3,290 美元[51]。 Portfolio Optimization - Veris Residential 的 ORA® 评分为 85.00（截至 2024 年 10 月 31 日）[36]。 - Liberty Towers 正在进行大规模翻新，投资额约为 3000 万美元[79]，预计 5 年 IRR 为 18%[80]，核心 FFO 增厚 0.06 美元/股[81]。 - myVeris 应用程序的居民采用率超过 90%[86]。