secwatch.observer — SEC 8-K summary
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Issuer:     Veris Residential, Inc. (VRE)
CIK:        0000924901
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0000924901-23-000027
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924901/000092490123000027/0000924901-23-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924901/000092490123000027/vre-20230726.htm
  HTML page:      https://secwatch.observer/filing/0000924901-23-000027

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