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Jun 30, 2025
Veris Residentia Q2 2025 Earnings Report
Veris Residential, Inc. reported its second quarter 2025 results, highlighting significant progress in corporate initiatives, continued operational strength, and raised full-year guidance.
Key Takeaways
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.
Diluted EPS for Q2 2025 was $0.12, a significant increase from $0.03 in Q2 2024.
Total revenues reached $75.928 million for the quarter, up from $67.476 million in the prior year.
The company completed or put under contract $448 million in non-strategic asset sales year-to-date, advancing its deleveraging targets.
Veris Residential raised its 2025 Core FFO per share guidance to a range of $0.63 to $0.64, reflecting accretive impacts from recent transactions and interest expense savings.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Veris Residential has raised its 2025 operational guidance and Core FFO per share guidance, reflecting continued strength in rental growth, higher certainty around controllable expense projections, and accretive impacts from recent strategic actions.
Positive Outlook
- Raised 2025 Core FFO per share guidance range to $0.63 to $0.64.
- Increased Same Store Revenue Growth guidance to 2.2% - 2.7%.
- Improved Same Store NOI Growth guidance to 2.0% - 2.8%.
- Expects to achieve Net Debt-to-EBITDA of around 10.0x by year-end 2025 and below 9.0x by year-end 2026.
- Consolidation of Sable and interest expense savings from debt repayment are expected to be accretive.
Challenges Ahead
- No specific negative forward guidance points were highlighted in the report; the overall tone is positive with raised guidance across key metrics.
- The report does not explicitly state any negative outlooks or risks for the upcoming periods.
- No specific negative financial targets or operational challenges were mentioned in the guidance section.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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