Veris Residential

VRE

Market cap $1.39B

Equity LifeStyle Properties and Veris Residential offer upside as residential REITs battle supply pressure but benefit from steady renting demand.

Proceeds Will Reduce Net Debt-to-EBITDA to approximately 9.0x Transaction Expected to Be Accretive by Approximately $0.04 per Share to Core FFO JERSEY CITY, N.J. , Dec. 9, 2025 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE), (the "Company"), a forward-thinking, Northeast-focused, Class A multifamily REIT, today announced that it has sold its 4.2-acre Harborside 8/9 land parcel in Jersey City, New Jersey, for $75 million.

New York City-based Argosy-Lionbridge Management sold 372,132 shares of Veris Residential in the third quarter. The net position change from quarter to quarter was about $5.5 million.

Veris Residential gets a hold/neutral rating for my initial coverage, agreeing with the quant rating today, which was also a hold. Market demand and premium rents in its core northeast market could favor VRE, along with its deleveraging strategy that is ongoing. Despite FFO/AFFO growth, this REIT lacks longer-term dividend growth, and its yield is less than 3%, making it less attractive as a dividend play.

JERSEY CITY, N.J. , Nov. 5, 2025 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE) ("Veris Residential" or the "Company"), a forward-thinking, Northeast-focused, Class A multifamily REIT, today announced that the Company's Board of Directors has declared a cash dividend on its common stock for the fourth quarter 2025 in the amount of $0.08 for the period ending December 31, 2025.

Veris Residential (VRE) has grown revenue and cash flow by raising rents, capitalizing on a tight housing market in the Northeast US. VRE's shares are expensive both on an absolute and relative basis, trading at higher multiples than comparable multifamily REITs. Leverage remains elevated despite asset sales, with net debt and trading multiples limiting appeal versus peers with lower valuations.

Veris Residential, Inc. (NYSE:VRE ) Q3 2025 Earnings Call October 23, 2025 8:30 AM EDT Company Participants Taryn Fielder - General Counsel & Secretary Mahbod Nia - CEO & Director Anna Malhari - Executive VP & COO Amanda Lombard - Chief Financial Officer Conference Call Participants Jana Galan - BofA Securities, Research Division Sanketkumar Agrawal - Evercore ISI Institutional Equities, Research Division Eric Wolfe - Citigroup Inc., Research Division William Catherwood - BTIG, LLC, Research Division Presentation Operator Greetings, and welcome to the Veris Residential, Inc. Third Quarter 2025 Earnings Conference Call. [Operator Instructions] Please note, this conference is being recorded.

The headline numbers for Veris (VRE) give insight into how the company performed in the quarter ended September 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Veris Residential (VRE) came out with quarterly funds from operations (FFO) of $0.2 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to FFO of $0.17 per share a year ago.

JERSEY CITY, N.J., Oct. 22, 2025 /PRNewswire/ --  Veris Residential, Inc. (NYSE: VRE) (the "Company"), a forward-thinking, Northeast-focused, Class A multifamily REIT, today reported results for the third quarter 2025.