Veris Residential Q3 net loss $(0.60)/sh; Core FFO $0.12; raises Same Store NOI guidance to 14-15%

Veris Residential, Inc.

2023-Q3 EPS reported -$1.16 revenue$206,943,000

Net loss $(0.60) per share vs $(1.10) YoY; Core FFO $0.12 per share vs $0.15.
Same Store NOI grew 17.1% YoY; Same Store blended rental growth 9.3%.
Closed $135M non-strategic asset sales in Q3; $71M under binding contract.
Repaid $115M term loan and $52M revolver; refinanced Haus25 at 5.46% fixed for 5 years.
Raised 2023 Same Store NOI growth guidance to 14-15% (from prior 12-14%).

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 third quarter 2023 results: net income 11.6 million, EPS 0.12.

Period: third quarter 2023
Net income: 11.6 million
EPS: 0.12
Result: reported results

Exact text from the filing

On October 25, 2023, Veris Residential, Inc. (the "Company") issued a press release announcing its financial results for the third quarter 2023.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Veris Residential, Inc. reported third quarter 2023 results: net income 11.6 million, EPS 0.12.

Period: third quarter 2023
Net income: 11.6 million
EPS: 0.12
Result: reported results

Exact text from the filing

Core FFO was $11.6 million, or $0.12 per share

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Veris Residential, Inc. filing history →

Source: SEC EDGAR

accession 0000924901-23-000036

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