secwatch.observer — SEC 8-K summary
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Issuer:     Veris Residential, Inc. (VRE)
CIK:        0000924901
Form:       8-K
Filed at:   2023-02-22T23:59:59+00:00
Accession:  0000924901-23-000011
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924901/000092490123000011/0000924901-23-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924901/000092490123000011/vre-20230222.htm
  HTML page:      https://secwatch.observer/filing/0000924901-23-000011

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