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Mar 31, 2020
Veris Residentia Q1 2020 Earnings Report
Achieved Core FFO of $33.2 million, residential portfolio finished at 95.7% leased, and office portfolio finished at 81.1% leased (excluding Non-Core).
Key Takeaways
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).
Achieved Core FFO of $33.2 million, or $0.33 per share.
Produced AFFO of $19.8 million.
Residential: Stabilized operating portfolio finished 1Q at 95.7% leased.
Office: Leased 173,240 square feet of office space; finished 1Q at 81.1% leased (excluding Non-Core).
Revenue by Segment
Forward Guidance
Projected stabilized NOI for in-construction residential assets is $54.4 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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