Veris Residential Reports Q1 2025 Financial Results

Veris Residential ( (VRE) ) just unveiled an update.

Veris Residential, Inc. reported its first quarter 2025 results, highlighting a year-over-year same store multifamily blended net rental growth rate of 2.4% and a same store NOI growth of 3.2%. The company sold $45 million of non-strategic assets and unwound two joint ventures, with an additional $34 million under binding contract. They also acquired their partner’s interest in the Jersey City Urby joint venture, rebranding it to ‘Sable’ and taking over management, which is expected to create over $1 million in annualized synergies. Despite market volatility, Veris continues to unlock value and simplify its portfolio, with a focus on consolidating interests and enhancing operational efficiencies.

Spark’s Take on VRE Stock

According to Spark, TipRanks’ AI Analyst, VRE is a Neutral.

Veris Residential has a moderate overall score, reflecting financial challenges with declining revenues and net losses. The earnings call highlighted positive strategic initiatives and debt management, but valuation concerns persist due to negative earnings. Technical indicators show a neutral trend, with potential for improvement if strategic plans succeed.

To see Spark’s full report on VRE stock, click here.

More about Veris Residential

Veris Residential, Inc. is a forward-thinking, Northeast-focused, Class A multifamily Real Estate Investment Trust (REIT) that specializes in managing and developing residential properties.

YTD Price Performance: -2.72%

Average Trading Volume: 494,198

Technical Sentiment Signal: Buy

Current Market Cap: $1.5B

See more insights into VRE stock on TipRanks’ Stock Analysis page.