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Stock impact report

Veris (VRE) Q3 2025 Earnings Call Transcript [Globe and Mail, The (Toronto, Canada)]

Veris Residential, Inc. (VRE) 
Chief Operating Officer — Anna Malhari Chief Financial Officer — Amanda Lombard Need a quote from a Motley Fool analyst? Email pr@fool.com TAKEAWAYS Core FFO Per Share -- $0.20, up $0.03 compared to the previous quarter, reflecting $0.04 in tax appeal refunds and a $0.01 offset from finalizing Jersey City property taxes. Revenue -- Same-store revenue increased by 2.2% for both the quarter and year to date; when adjusted for Liberty Tower occupancy and prior-year non-recurring income, growth would have been 3.1% for the quarter and 4.6% year to date. Occupancy -- Portfolio-wide occupancy was 94.7%, and 95.8% excluding Liberty Towers. Blended Net Rental Growth -- 3.9% for the quarter, broken out as 3.6% growth in new leases and 4.3% in renewals; Jersey City Waterfront outperformed with 6% new lease blended rental growth. Asset Sales Activity -- $542 million in non-strategic assets either sold or under contract year to date, surpassing the initial upper guidance and lead Show less Read more
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