secwatch.observer — SEC 8-K summary
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Issuer:     Veris Residential, Inc. (VRE)
CIK:        0000924901
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0000924901-22-000013
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Veris Residential Q2 net income $0.25/sh; Same Store NOI up 28% YoY; Haus25 66% leased
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- Net income $0.25 per diluted share vs $(0.81) loss in Q2 2021; Core FFO $0.15 per share flat YoY.
- Same Store NOI for operating multifamily portfolio increased 28.0% YoY and 8.2% QoQ; Blended Net Rental Growth 21%.
- Haus25 in Jersey City 66% leased (494 leases signed since April 6, 2022).
- Acquired The James (240 units, Park Ridge, NJ) for $129.6M post-quarter; dispositions under contract for $132.25M (Hyatt Hotel and 23 Main).
- Refinanced RiverHouse 9 with $110M floating-rate loan (SOFR+1.21%, 2-year cap at 3.0%); 76% of debt fixed/hedged, weighted avg maturity 5 years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924901/000092490122000013/0000924901-22-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924901/000092490122000013/vre-20220803.htm
  HTML page:      https://secwatch.observer/filing/0000924901-22-000013

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