Veris Residential, Inc. ( (VRE) ) has released its Q3 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) focused on owning, operating, and developing Class A multifamily properties in the Northeast, utilizing a technology-enabled platform to enhance resident experiences and community impact. In its third-quarter 2025 earnings report, Veris Residential, Inc. highlighted a strong financial performance with a significant increase in net income per diluted share to $0.80 from a loss of $0.10 in the previous year. The company also reported a core FFO per diluted share of $0.20, up from $0.17, and a dividend increase to $0.08 per share. Key financial metrics included a year-over-year same-store blended net rental growth rate of 3.9% and a same-store NOI growth of 1.6%. The company made substantial progress in deleveraging, reducing its net debt-to-EBITDA ratio to 10.0x, with plans to lower it further to approximately 8.0x by the end of 2026. Veris Residential also raised its non-strategic asset disposition guidance to $650 million, reflecting its strategic focus on balance sheet transformation and earnings growth. Looking forward, Veris Residential remains committed to operational efficiency and strategic capital deployment, with an optimistic outlook for continued shareholder value enhancement.