Veris Residential, Inc. Reports Fourth Quarter and Full Year 2023 Results [Yahoo! Finance]
Veris Residential, Inc. (VRE)
Company Research
Source: Yahoo! Finance
conscious multifamily REIT, today reported results for the fourth quarter and full year 2023. Three Months Ended December 31, Twelve Months Ended December 31, Net Income (Loss) per Diluted Share Core FFO per Diluted Share Dividends Declared per Share $— $— ANOTHER YEAR OF OPERATIONAL OUTPERFORMANCE Grew Core FFO per share to , an increase of 20% compared to last year. Exceeded upper end of NOI guidance, achieving 17.6% annual growth, driven by strong revenue growth and effective expense mitigation measures. Further improved NOI margin to 64% from 62% in 2022 and 57% in 2021. Same Store multifamily Blended Net Rental Growth Rate of 5.0% for the quarter and 9.3% for the year. Reduced Core G&A by 13% compared to 2022. Reinstated quarterly dividend, subsequently raising it by 5% in the fourth quarter. Recognized by Nareit for leadership in sustainability and DEI efforts. COMPLETED TRANSFORMATION TO A PURE-PLAY MULTIFAMILY REIT Sold over $700 million of no
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News
- Veris Residential, Inc. Reports First Quarter 2024 ResultsPR Newswire
- Veris Residential, Inc. Announces Dates for First Quarter 2024 Financial Results and WebcastPR Newswire
- Veris Residential, Inc. (NYSE: VRE) had its price target lowered by analysts at Truist Financial Co. from $15.00 to $14.00. They now have a "hold" rating on the stock.MarketBeat
- Northwind Group Provides a $65 Million First-Mortgage Loan Secured by a 33-Story Class A Office Building Within the Jersey City Waterfront's Harborside Financial Center [Yahoo! Finance]Yahoo! Finance
- Veris Residential Declares Quarterly Cash DividendPR Newswire
VRE
Earnings
- 4/24/24 - Miss
VRE
Sec Filings
- 4/24/24 - Form 4
- 4/24/24 - Form 4
- 4/24/24 - Form 8-K
- VRE's page on the SEC website