secwatch.observer — SEC 8-K summary
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Issuer:     Veris Residential, Inc. (VRE)
CIK:        0000924901
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0000924901-23-000017
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924901/000092490123000017/0000924901-23-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924901/000092490123000017/vre-20230426.htm
  HTML page:      https://secwatch.observer/filing/0000924901-23-000017

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