secwatch.observer — SEC 8-K summary
======================================

Issuer:     Veris Residential, Inc. (VRE)
CIK:        0000924901
Form:       8-K
Filed at:   2022-02-23T23:59:59+00:00
Accession:  0000924901-22-000003
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Veris Residential Q4 net loss $0.32/sh; Core FFO $0.17; CFO transition, dividend suspended
--------------------------------------------------------------------------------

- Net loss available to common shareholders $26.3M ($0.32/diluted share) for Q4 2021; full-year loss $119.0M ($1.39/sh).
- Core FFO of $17.1M ($0.17/diluted share) for Q4, up from $0.16 year ago; full-year Core FFO $0.68/sh (vs $1.07).
- Same Store multifamily NOI increased 21.0% YoY in Q4; operating portfolio 96.6% occupied as of Dec 31, 2021.
- Amanda Lombard named CFO effective April 1, 2022; Gwen Marnell to become CAO. Dividend remains suspended.
- Executed 15-year, 130,400 sq ft lease with Collectors Universe in Jan 2022; $210M sale of 111 River Street closed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924901/000092490122000003/0000924901-22-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924901/000092490122000003/vre-20220223x8k.htm
  HTML page:      https://secwatch.observer/filing/0000924901-22-000003

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer