secwatch.observer — SEC 8-K summary
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Issuer:     Veris Residential, Inc. (VRE)
CIK:        0000924901
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0000924901-24-000021
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 Q1 net loss $0.04/shr, core FFO $0.14; same store NOI up 14.2% YoY; raises 2024 guidance
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- Net loss per diluted share $(0.04) in Q1 2024 vs $(0.06) in Q4 2023; Core FFO per share $0.14 vs $0.12.
- Same Store NOI grew 14.2% YoY to $49.4M; blended rental growth 4.6%; occupancy 94.1%.
- Sold $179M of non-strategic assets including last office asset (Harborside 5 for $85M).
- Secured new $500M secured facility (rev credit & term loan) on Apr 22, 2024; no funds drawn at close.
- Raising 2024 Core FFO guidance to $0.50–$0.54 per share; dividend maintained at $0.0525/shr.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924901/000092490124000021/0000924901-24-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924901/000092490124000021/vre-20240424.htm
  HTML page:      https://secwatch.observer/filing/0000924901-24-000021

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer