secwatch.observer — SEC 8-K summary
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Issuer:     Veris Residential, Inc. (VRE)
CIK:        0000924901
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0000924901-24-000009
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Veris Residential Q4 2023: Core FFO $0.12; 2024 guidance for same-store NOI growth 2.5-5%
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- Q4 net loss per diluted share $(0.06) vs $0.34 YoY; Core FFO per share $0.12 vs $0.05.
- Full year Core FFO per share $0.53, up 20% YoY; same-store NOI growth 17.6% exceeded guidance.
- Completed transformation to pure-play multifamily REIT, sold >$700M non-strategic assets; $85M contract to sell last office property Harborside 5.
- 2024 guidance: same-store NOI growth 2.5-5.0%, Core FFO per share $0.48-$0.53.
- Quarterly dividend raised 5% to $0.0525 per share; established $100M ATM program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924901/000092490124000009/0000924901-24-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924901/000092490124000009/vre-20240221.htm
  HTML page:      https://secwatch.observer/filing/0000924901-24-000009

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