Veris Residential Announces $100 Million Share Buyback

An update from Veris Residential ( (VRE) ) is now available.

On February 19, 2025, Veris Residential’s Board of Directors approved a $100 million share repurchase program effective March 26, 2025, for a two-year period. The company reported a net loss per share of $0.25 for 2024, an improvement from the previous year, and announced plans to sell $300 to $500 million in assets over the next 12-24 months to fund the repurchase program and reduce debt.

More about Veris Residential

Veris Residential, Inc. is a forward-thinking, Northeast-focused, Class A multifamily real estate investment trust (REIT).

YTD Price Performance: -4.80%

Average Trading Volume: 416,259

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $1.45B

For a thorough assessment of VRE stock, go to TipRanks’ Stock Analysis page.