Veris Residential Q4 Core FFO $0.05/share vs $0.17 YoY; full-year net loss $0.63/share

Veris Residential, Inc.

2022-FY EPS reported -$0.63 revenue$355,018,000

Core FFO per share $0.05 in Q4 2022, down from $0.17 in Q4 2021; full-year Core FFO $0.44.
Same Store multifamily NOI grew 20.1% for full year 2022; Q4 NOI down 0.2% due to tax hike.
Non-strategic asset sales total $1.4B since early 2022; $437M under contract including Harborside 1-3 ($420M).
Haus25 (750 units) reached stable occupancy in Feb 2023 ahead of schedule; 92.7% occupied as of Feb 13.
2023 guidance: Same Store NOI growth 4-6%; regular quarterly dividend remains suspended.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Veris Residential, Inc. reported full year 2022 results: EPS $(0.63) per share.

Period: full year 2022
EPS: $(0.63) per share
Result: reported results

Exact text from the filing

– Net income (loss) o f $0.35 and $(0.63) per share for the fourth quarter and full year 2022, respectively.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Veris Residential, Inc. reported the quarter ended December 31, 2022 results: EPS $0.35 per share.

Period: the quarter ended December 31, 2022
EPS: $0.35 per share
Result: reported results

Exact text from the filing

Net income (loss) available to common shareholders for the quarter ended December 31, 2022 was $0.35 per share

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Veris Residential, Inc. filing history →

Source: SEC EDGAR

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