Veris Residential, Inc. ( (VRE) ) has released its Q2 earnings. Here is a breakdown of the information Veris Residential, Inc. presented to its investors.
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Veris Residential, Inc. is a real estate investment trust (REIT) that focuses on owning, operating, acquiring, and developing Class A multifamily properties in the Northeast region of the United States. The company is known for its technology-enabled, vertically integrated platform that enhances the living experience for residents while positively impacting communities.
In its second quarter 2025 earnings report, Veris Residential, Inc. highlighted a net income per diluted share of $0.12, an increase from $0.03 in the same quarter of the previous year. The company also reported a dividend per diluted share of $0.08, up from $0.06 in the previous year, reflecting its commitment to returning value to shareholders.
Key financial metrics from the report include a Core FFO per diluted share of $0.17 and a Core AFFO per diluted share of $0.19. The company completed $448 million in non-strategic asset sales year-to-date, aiming to reduce its Net Debt-to-EBITDA ratio to below 9.0x by the end of 2026. Additionally, Veris Residential secured an amendment to its Revolver and Term Loan agreement, achieving a 55-basis-point reduction in interest rates.
Looking ahead, Veris Residential’s management has raised its 2025 guidance, citing significant progress in its corporate plan and continued operational strength. The company remains focused on executing its optimization strategy to enhance value for stakeholders, with expectations of further interest savings and leverage reduction.
Overall, Veris Residential, Inc. is on a positive trajectory, with strategic asset sales and financial adjustments positioning the company for continued growth and improved financial health.