Veris Residential, Inc. delivered a strong third quarter in 2025, exceeding its non-strategic asset disposition target and significantly reducing debt. The company also reported solid operational performance with positive blended net rental growth and raised its Core FFO per share guidance for the second consecutive quarter.
Completed or put under contract $542 million in non-strategic asset sales year-to-date, exceeding the initial target.
Reduced debt by $394 million during the third quarter, lowering Net Debt-to-EBITDA (Normalized) to 10.0x.
Achieved a year-over-year Same Store Blended Net Rental Growth Rate of 3.9% for the quarter.
Raised 2025 Core FFO per share guidance to $0.67 to $0.68, representing 12.5% year-over-year growth.
Veris Residential is maintaining its operational guidance for 2025 and raising its Core FFO per share guidance, reflecting successful resolution of real estate tax appeals.
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