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Sep 30, 2020
Veris Residentia Q3 2020 Earnings Report
Achieved core FFO of $29.9 million and completed sales of 14 office buildings.
Key Takeaways
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.
Achieved Core FFO of $29.9 million, or $0.30 per share.
Produced AFFO of $21.8 million.
Residential stabilized operating portfolio finished at 89.5% leased.
Leased 153,827 square feet of office space and finished at 78.2% leased (excluding Non-Core).
Forward Guidance
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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