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Dec 31, 2022
Veris Residentia Q4 2022 Earnings Report
Veris Residential reported strong Q4 2022 performance driven by multifamily portfolio.
Key Takeaways
Veris Residential reported strong operational performance in Q4 2022, with multifamily portfolio and Same Store operating multifamily portfolio at high occupancy rates. Haus25 achieved stable occupancy ahead of schedule. Multifamily Same Store Net Operating Income (NOI) increased, and the company completed non-strategic asset sales and reduced indebtedness.
Multifamily portfolio and Same Store operating multifamily portfolio were 95.3% and 95.6% occupied, respectively.
Haus25 achieved stable occupancy in early February 2023, ahead of schedule.
Multifamily Same Store Net Operating Income (NOI) increased by 12.6% compared to the same period last year.
The company reduced indebtedness by $569 million since the beginning of 2022.
Revenue by Geographic Location
Forward Guidance
The document does not contain forward guidance information.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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