The latest announcement is out from Veris Residential ( (VRE) ).
Veris Residential, Inc., a multifamily REIT, reported significant progress in the third quarter of 2024 with a 17% year-over-year increase in Core FFO per share, driven by robust property demand and controlled expenses despite inflation. The company raised its full-year guidance due to favorable expense resolutions and unexpected revenue growth, with Core FFO guidance increased by over 13% and Same Store NOI guidance up by 240 basis points. Additionally, Veris reduced net debt by $227 million and refinanced $531 million of mortgage debt, with no maturities until 2026.
See more data about VRE stock on TipRanks’ Stock Analysis page.
