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Stock impact report

Veris (VRE) Q2 2025 Earnings Call Transcript [Globe and Mail, The (Toronto, Canada)]

Veris Residential, Inc. (VRE) 
Chief Operating Officer — Anna Malhari Chief Financial Officer — Amanda E. Lombard Need a quote from a Motley Fool analyst? Email pr@fool.com TAKEAWAYS Core FFO per share -- $0.17, including $0.01 in nonrecurring other income and property management savings, up $0.01 from the prior quarter. Net income available to common shareholders -- $0.12 per fully diluted share, compared to $0.03 prior year and a net loss of $0.12 in the prior quarter. Same Store NOI growth -- 5.6%, driven by blended net rental growth and expense management initiatives. Blended net rental growth rate -- 4.7%, a rise from 2.3% in the prior quarter, led by renewals at 5.2% and new leases at 4%. Portfolio occupancy (excluding Liberty Towers) -- 95.5% at June 30, up from 94.7% prior year; including Liberty Towers, 93.9% occupancy. Asset sales -- $268 million closed (Signature Place for $85 million, 145 Front Street for $122 million, plus others), with an average cap rate of 5.1%. Binding sale con Show less Read more
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