Veris Residential(US:VRE)2025-07-24 12:30Financial Performance & Guidance - Core FFO per Diluted Share was $0.33 for the first half of 2025 and $0.17 for Q2 2025[15] - Same Store NOI Growth was 4.4% year-to-date and 5.6% for Q2 2025[10, 15] - The company is targeting a Net Debt-to-EBITDA (Normalized) ratio of approximately 10.0x by year-end 2025 and below 9.0x by year-end 2026[33, 35, 37] - The company expects Same Store Revenue Growth between 2.2% and 2.7% for 2025[20] - The company expects Same Store NOI Growth between 2.0% and 2.8% for 2025[20] - The company expects Core FFO per Share between $0.63 and $0.64 for 2025, representing a growth of 5.0% to 6.7%[20] Portfolio & Operations - As of June 30, 2025, the company's portfolio consisted of 21 residential buildings with 7,491 apartment units[10] - The occupancy rate was 93.9% as of June 30, 2025[11] - The average age of the company's properties is 10 years[10] - The average household income per unit is $445,334[10] Capital Allocation & Debt Management - The company has sold or has under binding contract $448 million of non-strategic assets in 2025[28, 31] - The company amended its $500 million credit facility, consisting of a $300 million Revolver and a $200 million Term Loan[32]