The earnings call reflected a strong operational and financial quarter with significant progress in asset sales and debt reduction. Technological advancements and increased guidance for Core FFO added to the positive sentiment. However, challenges in occupancy at Liberty Towers and the difficult transaction market present areas of concern.

Company Guidance -

Q3 2025

During the second quarter of 2025, Veris Residential, Inc. reported solid operational and financial results, including a Core FFO of $0.17 per share and a 5.6% growth in Same Store NOI. The company made substantial progress on its corporate plan, notably executing approximately $450 million in nonstrategic asset sales ahead of schedule, surpassing its target of selling $300 million to $500 million by the end of 2026. These sales, including properties in New Jersey and Massachusetts, were executed at an average cap rate of 5.1%. The proceeds are being used to reduce leverage to around 10x by year-end 2025, with a further reduction to below 9x anticipated by 2026. Veris also reported a 55 basis point improvement in borrowing costs through an amended credit facility. Operationally, the portfolio achieved a blended net rental growth rate of 4.7% for the quarter, with occupancy excluding Liberty Towers at 95.5%. Given these strong performances, Veris raised its Core FFO guidance to $0.63-$0.64 per share and updated its Same Store NOI growth guidance to 2%-2.8% for the year.

Strong Operational and Financial Performance

The second quarter marked solid operational and financial results, including $0.17 of Core FFO and 5.6% Same Store NOI growth.

Accelerated Asset Sales

Approximately $450 million of nonstrategic asset sales completed or under contract, exceeding the target of $300 million to $500 million by the end of 2026.

Debt Reduction Progress

Intend to reduce leverage to around 10x by year-end 2025 and below 9x by year-end 2026, with a 55 basis point improvement in borrowing costs.

Strong Same Store NOI Growth

Same Store NOI growth of 5.6% for the quarter and 4.4% year-to-date.

Increase in Core FFO Guidance

Core FFO guidance raised to $0.63 to $0.64 per share, reflecting growth of 5% to 6.7% compared to 2024.

Technological Advancements

Introduction of VR showrooms and AI assistants, achieving a lease conversion rate more than double that of partners' other clients.

Veris Residential (VRE) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

VRE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	-0.05 / -	-0.098	―	―	―
Jul 23, 2025	2025 (Q2)	-0.07 / 0.11	0.03	270.00% (+0.08)
Apr 23, 2025	2025 (Q1)	-0.10 / -0.15	-0.04	-277.50% (-0.11)	―
Feb 24, 2025	2024 (Q4)	-0.10 / -0.14	0.374	-137.17% (-0.51)
Oct 30, 2024	2024 (Q3)	-0.09 / -0.10	-0.61	83.93% (+0.51)
Jul 24, 2024	2024 (Q2)	-0.07 / 0.03	-0.27	111.11% (+0.30)	―
Apr 24, 2024	2024 (Q1)	-0.08 / -0.04	-0.3	86.67% (+0.26)	―
Feb 22, 2024	2023 (Q4)	-0.11 / 0.37	0.34	10.00% (+0.03)
Oct 25, 2023	2023 (Q3)	-0.11 / -0.61	-1.11	45.05% (+0.50)
Jul 26, 2023	2023 (Q2)	-0.12 / -0.27	0.29	-193.10% (-0.56)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

VRE Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 23, 2025	$14.53	$14.58	+0.34%
Apr 23, 2025	$15.99	$15.72	-1.69%
Feb 24, 2025	$15.84	$16.04	+1.26%
Oct 30, 2024	$16.57	$16.22	-2.11%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Veris Residential (VRE) report earnings?

Veris Residential (VRE) is schdueled to report earning on Oct 29, 2025, After Close (Confirmed).

What is Veris Residential (VRE) earnings time?

Veris Residential (VRE) earnings time is at Oct 29, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is VRE EPS forecast?

VRE EPS forecast for the fiscal quarter 2025 (Q3) is -0.05.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing