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.
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.
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