Veris Residential(US:VRE)2020-02-28 15:59Company Performance Highlights - Achieved Core FFO of $44.1 million, or $0.44 per share in 4Q 2019[18, 21] - Produced AFFO of $26.2 million in 4Q 2019[18, 21] - Office portfolio finished 4Q at 80.7% leased (excluding Non-Core)[18, 21] - Residential operating portfolio finished 4Q at 95.0% leased[18, 21] Transaction Activities in 4Q 2019 - Disposed of 3600 Route 66 for a gross price of $26.1 million[22] - Disposed of Alterra & The Chase at Overlook Ridge for a gross price of $411.5 million[22] - Closed a $300.0 million construction loan on The Charlotte[22] - Disposed of 5 Wood Hollow Road for a gross price of $29.3 million[22] Net Asset Value (NAV) - Total Mack-Cali NAV was $3.425 billion, or approximately $34.16 per share[27] - Office portfolio NAV range was between $2.042 billion and $2.608 billion[27] - Residential portfolio NAV range was between $2.043 billion and $2.450 billion[27] Debt Profile - Total consolidated debt, net was $2.808518 billion[24, 87] - Weighted average interest rate on total debt was 3.81%[87] - Fixed rate debt accounted for 81.75% of the total debt[87]