Veris Residential Q2 net loss $0.30/sh; Core FFO $0.16; raises Same Store NOI guidance to 10-12%

Veris Residential, Inc.

2023-Q2 EPS reported -$0.56 revenue$135,688,000

Net loss available to common shareholders $(0.30) per diluted share; Core FFO $0.16 per share.
Same Store NOI increased 21.8% YoY; blended rental growth 11.7%. Guidance raised to 10-12% NOI growth.
Closed early redemption of Rockpoint interest for $520M; entered $115M term loan and $60M revolver.
Reinstated quarterly dividend of $0.05/share, payable Oct 10 to holders of record Sep 30.
Signed binding agreements to sell four non-strategic land plots and Harborside 6 for $188M.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Veris Residential, Inc. reported second quarter 2023 results: net income $(0.30) per share, EPS $(0.30) per share. Guidance raised.

Period: second quarter 2023
Net income: $(0.30) per share
EPS: $(0.30) per share
Guidance: raised
Result: reported results

Exact text from the filing

Veris Residential, Inc. Reports Second Quarter 2023 Results

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Veris Residential, Inc. filing history →

Source: SEC EDGAR

accession 0000924901-23-000027

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