secwatch.observer — SEC 8-K summary
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Issuer:     Veris Residential, Inc. (VRE)
CIK:        0000924901
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0000924901-22-000005
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Veris Residential Q1 net loss $0.13/share; Core FFO $0.09; Same Store NOI up 20%
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- Net loss of $9.1M ($0.13 diluted EPS) vs net income of $7.6M ($0.06) in Q1 2021.
- Core FFO per share of $0.09, down from $0.18 YoY, due to asset disposals offset by multifamily growth.
- Same Store multifamily NOI increased 20.0% YoY and 6.8% QoQ; occupancy 97.2% vs pre-pandemic +3.6%.
- Acquired The James for $130M (4.0% cap rate); disposed four land parcels for $129.5M and 111 River St for $210M.
- Appointed Jeff Turkanis CIO, Taryn Fielder GC, Amanda Lombard CFO, effective April 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924901/000092490122000005/0000924901-22-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924901/000092490122000005/vre-20220504x8k.htm
  HTML page:      https://secwatch.observer/filing/0000924901-22-000005

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