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Sep 30, 2023
Veris Residentia Q3 2023 Earnings Report
Veris Residential experienced a net loss, but saw growth in same store revenues and progress in strategic asset dispositions.
Key Takeaways
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%.
Net loss available to common shareholders was $(54.8) million, or $(0.60) per diluted share.
Core FFO per diluted share was reported at $0.12.
Same Store GAAP NOI increased by 17.1% year-over-year.
The company continued its strategic asset disposition program, selling Harborside 6 for $46 million.
Revenue by Geographic Location
Forward Guidance
The document does not contain comprehensive forward guidance. It only includes forward-looking statements subject to certain risks, trends, and uncertainties.
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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