Veris Residential Q1 net loss $0.27/sh; Core FFO $0.15; Harborside sale closed for $420M

Veris Residential, Inc.

2023-Q1 EPS reported -$0.27 revenue$66,925,000

Net loss available to common shareholders of $0.27 per share vs $0.13 loss in Q1 2022.
Core FFO per share of $0.15, up from $0.06 in Q1 2022.
Same Store multifamily NOI increased 15.8% YoY; blended rental growth 10.7%.
Closed $525M of non-strategic sales YTD, including Harborside 1-3 for $420M.
Net-debt-to-EBITDA improved to 10.3x from 18.8x; 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 0.9

Veris Residential, Inc. reported first quarter 2023 results: EPS $0.27 per share. Guidance initiated.

Period: first quarter 2023
EPS: $0.27 per share
Guidance: initiated
Result: reported results

Exact text from the filing

Net loss available to common shareholders was $0.27 per share for the first quarter 2023.

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Veris Residential, Inc. filing history →

Source: SEC EDGAR

accession 0000924901-23-000017

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