Veris Residential, Inc. delivered a strong third quarter in 2025, exceeding its non-strategic asset disposition target and significantly reducing debt. The company also reported solid operational performance with positive blended net rental growth and raised its Core FFO per share guidance for the second consecutive quarter.

Veris Residential, Inc. delivered a strong second quarter in 2025, with diluted EPS of $0.12 and total revenues of $75.928 million. The company achieved notable operational strength, including a 4.7% year-over-year Same Store Blended Net Rental Growth Rate and 5.6% Same Store NOI growth. Strategic progress was also significant, with $448 million in non-strategic asset sales completed or under contract, leading to an immediate 55-basis-point interest rate reduction on its credit facility. The company raised its 2025 guidance for both operational metrics and Core FFO per share, reflecting confidence in its ongoing strategic plan and financial performance.

Veris Residential, Inc. reported strong operational results for Q1 2025, with a year-over-year Same Store NOI growth of 3.2% and a Blended Net Rental Growth Rate of 2.4%. The company also advanced its corporate plan by selling $45 million in non-strategic assets and consolidating its interest in the Jersey City Urby joint venture, now rebranded as 'Sable', which is expected to generate over $1 million in annualized synergies.

Veris Residential, Inc. reported a net loss per diluted share of $(0.13) for Q4 2024, an improvement from $(0.06) in Q4 2023. Core FFO per diluted share was $0.11. The company achieved a Normalized Same Store NOI growth of 7.3% for the fourth quarter and 7.9% for the full year, alongside significant debt refinancing and non-strategic asset sales.

Veris Residential, Inc. reported strong revenue growth, driven by robust demand for premium properties and limited new supply in key markets, resulting in a substantial 17% year-over-year increase in Core FFO per share during the first nine months of the year. The company has raised its 2024 guidance ranges to reflect the favorable outcome of certain non-controllable expenses that were finalized in the third quarter and continued multifamily outperformance.

Veris Residential, Inc. reported strong second quarter 2024 results, highlighted by a Same Store multifamily Blended Net Rental Growth Rate of 5.4%, Same Store NOI growth of 7.9%, and an expanded occupancy of 100 basis points sequentially to 95.1%. The company also raised Core FFO guidance range by approximately 4% and tightened Same Store NOI guidance range by 50 basis points.

Veris Residential reported a positive start to the year with strong financial results, driven by operational performance and capital recycling initiatives. The company secured a new $500 million credit facility and term loan, addressing debt maturities through 2025 and raised 2024 guidance.

Veris Residential, Inc. reported strong Q4 and full year 2023 results, marking the completion of its transformation into a pure-play multifamily REIT. The company grew Core FFO per share by 20% compared to last year and exceeded the upper end of NOI guidance, achieving 17.6% annual growth.

Veris Residential Inc. reported a net loss available to common shareholders of $54.8 million, or $(0.60) per diluted share. The company continued its strategic asset disposition program and saw same store revenues increase by 10.5%.

Veris Residential reported a net loss per diluted share of $(0.30) for Q2 2023, while Core FFO per diluted share was $0.16. The multifamily portfolio maintained a physical occupancy of 95.6%, and the same-store blended rental growth rate was 11.7%.

Veris Residential reported a net loss per diluted share of $(0.27). However, the company experienced strong operational performance with high occupancy rates in its multifamily portfolio and a significant increase in Same Store Net Operating Income (NOI). Strategic asset sales were also a key highlight, contributing to a reduction in net-debt-to-EBITDA.

Veris Residential reported strong operational performance in Q4 2022, with multifamily portfolio and Same Store operating multifamily portfolio at high occupancy rates. Haus25 achieved stable occupancy ahead of schedule. Multifamily Same Store Net Operating Income (NOI) increased, and the company completed non-strategic asset sales and reduced indebtedness.

Veris Residential reported a net loss per diluted share of $(1.10) for Q3 2022. However, the company saw positive trends in its operating multifamily portfolio, with occupancy at 95.8% and same store NOI increasing by 20.8% year-over-year. Veris Residential entered into an agreement to sell Harborside 1, 2, and 3 for $420 million and completed the sale of 101 Hudson Street for $346 million.

Veris Residential reported a strong second quarter, with same-store NOI growth of 28.0% and a blended net rental growth rate of 21%. The company completed the acquisition of The James and has binding contracts for the sale of the Hyatt Hotel and 23 Main Street.

Veris Residential reported a net loss of $0.13 per diluted share for Q1 2022. The company disposed of four land parcels for $129.5 million and acquired The James for $130 million. The operating multifamily portfolio was 97.5% occupied.

Veris Residential reported a net loss per diluted share of ($0.32). The multifamily portfolio was 96.4% occupied, and Same Store NOI increased by 21.0% year-over-year and 7.0% quarter-over-quarter. The company made progress in its transition to a pure-play multifamily REIT, with the multifamily portfolio accounting for 56% of Q4 NOI.

Veris Residential reported a net loss per diluted share of ($0.33). The company continued to show strong multifamily leasing activity with 96.5% occupancy in operating multifamily portfolio. Two Waterfront office assets are under contract for a combined sales price of $590 million.

Veris Residential reported a net loss of $(0.81) per share, alongside a Core FFO of $0.15 per share. The operating multifamily portfolio saw an increase in occupancy to 94.4%, leading to a 1.4% sequential increase in NOI. The company completed $387 million in suburban office disposals and strengthened its balance sheet through debt redemption and repayment.

Veris Residential reported a positive start to 2021, demonstrating resilience and progress in its strategic objectives amidst ongoing market challenges. The company's financial results showed stable performance, with strategic investments and operational efficiencies contributing to overall growth.

Veris Residential reported a Core FFO of $16.2 million and AFFO of $3.3 million. The residential operating portfolio finished the quarter at 90.2% leased, while the office portfolio was 78.7% leased.

Veris Residential reported a Core FFO of $29.9 million for Q3 2020. The company completed the sales of 14 office buildings across its Suburban portfolio for a gross purchase price of $220.8 million. The residential portfolio was 89.5% leased.

MackCali Realty Corporation achieved Core FFO of $27.7 million, or $0.28 per share, and leased 155,054 square feet of office space.

Mack-Cali Realty Corporation (CLI) reported Core FFO of $33.2 million and AFFO of $19.8 million for the first quarter of 2020. The residential portfolio was 95.7% leased, and the office portfolio was 81.1% leased (excluding Non-Core).