Veris Residential Reports Strong 2024 Financial Results

Veris Residential ( (VRE) ) has provided an update.

On February 24, 2025, Veris Residential, Inc. announced its financial results for the quarter and fiscal year ending December 31, 2024. The company reported a 13% increase in Core FFO year-over-year and a 36% increase since 2022, alongside a 6.9% growth in same-store NOI. Veris also highlighted a significant reduction in leverage, with net debt reduced by approximately one-third over the past three years. The company plans to sell $300-500 million in assets over the next 12-24 months to enhance earnings and further reduce leverage, while also investing in value-enhancing capital expenditure programs.

More about Veris Residential

Veris Residential, Inc. operates in the real estate industry, focusing on creating exceptional residential living spaces. The company is committed to delivering luxury, energy-efficient, and thoughtfully designed residential solutions, fostering vibrant and connected communities.

YTD Price Performance: -2.74%

Average Trading Volume: 401,998

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $1.49B

For detailed information about VRE stock, go to TipRanks’ Stock Analysis page.