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Stock impact report

Veris Residential, Inc. Reports First Quarter 2025 Results [Yahoo! Finance]

Veris Residential, Inc. (VRE) 
Company Research Source: Yahoo! Finance
Three Months Ended March 31, Net Income (loss) per Diluted Share Core FFO per Diluted Share Core AFFO per Diluted Share Dividend per Diluted Share FIRST QUARTER UPDATE Year-over-year Same Store multifamily Blended Net Rental Growth Rate of 2.4%. Year-over-year Same Store NOI growth of 3.2%. Same Store occupancy of 94.0% (95.3% excluding Liberty Towers $45 million of non-strategic assets sold year to date, unwinding two joint ventures, with an additional $34 million under binding contract. Subsequent to quarter-end, purchased our partner's interest in the Jersey City Urby joint venture, eliminating the Company's largest remaining unconsolidated joint venture for $38.5 million , rebranding the property to "Sable" and taking over management. The consolidation is expected to create over $1 million in annualized synergies. Mahbod Nia , Chief Executive Officer, commented, "During the first quarter, Veris Residential continued to achieve strong operational results whil Show less Read more
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