The earnings call for Veris Residential's second quarter of 2025 reflected strong operational and financial performance, significant progress in asset sales, and improvements in borrowing costs. Despite challenges in the transaction market and ongoing renovations at Liberty Towers affecting occupancy, the company's strategic initiatives and favorable market dynamics in the Northeast provide a positive outlook. The raised financial guidance further underscores the company's strong position.

Company Guidance -

Q3 2025

During the Veris Residential, Inc. Second Quarter 2025 Earnings Conference Call, the company provided robust guidance and updates on key metrics. Veris reported a Core FFO of $0.17 and a 5.6% Same Store NOI growth. Year-to-date, the company has completed or executed contracts for approximately $450 million in nonstrategic asset sales, surpassing their target range of $300 million to $500 million by the end of 2026. These sales are anticipated to significantly reduce leverage to around 10x by year-end 2025, with an aim to lower it further to below 9x by year-end 2026. This deleveraging strategy has already led to a 55 basis point improvement in borrowing costs. The company raised its Core FFO guidance range to $0.63 to $0.64 per share, indicating a growth of 5% to 6.7% over 2024. The Same Store NOI guidance has also been increased to between 2% and 2.8%. These adjustments reflect strong operational performance, a blended net rental growth rate of 4.7% for the quarter, and the successful execution of their strategic initiatives.

Solid Operational and Financial Performance

Veris Residential reported $0.17 of Core FFO and a 5.6% Same Store NOI growth for the second quarter of 2025.

Significant Progress in Asset Sales

The company completed or executed binding contracts for approximately $450 million of nonstrategic asset sales, well ahead of schedule.

Reduction in Debt and Improved Borrowing Costs

Veris Residential reduced its leverage significantly, with a 55 basis point improvement in borrowing costs through an amended credit facility.

Strong Market Dynamics in the Northeast

The Northeast multifamily market, particularly the Jersey City Waterfront, is performing well with low vacancy rates and strong rental growth.

Technological Advancements and Operational Efficiency

Innovative technologies like AI assistants and VR showroom have been implemented, enhancing operational efficiency and customer experience.

Raised Financial Guidance

The company raised its Core FFO guidance range to $0.63 to $0.64 per share and Same Store NOI growth guidance to between 2% and 2.8%.

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

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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.

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