secwatch.observer — SEC 8-K summary
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Issuer:     Veris Residential, Inc. (VRE)
CIK:        0000924901
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0000924901-22-000021
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 Q3 net loss of $1.10/share; same-store NOI up 20.8%; signs $420M office sale
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- Net loss of $101.2M ($1.10 per share) vs $28.3M loss ($0.33) a year ago; core FFO $0.15 per share vs $0.17.
- Same-store multifamily NOI rose 20.8% YoY; occupancy 95.7% as of Sept 30; blended net rental growth 19%.
- Signed agreement to sell Harborside 1-3 for $420M, expected to release ~$350M net proceeds; closed 101 Hudson sale for $346M in Oct.
- Haus25 lease-up: 83% leased, 76% occupied as of Oct 30, contributed $2.9M NOI in Q3.
- 90% of total debt hedged/fixed at 4.1% weighted avg rate; purchased 1-yr LIBOR cap on Haus25 loan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924901/000092490122000021/0000924901-22-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924901/000092490122000021/vre-20221102.htm
  HTML page:      https://secwatch.observer/filing/0000924901-22-000021

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