secwatch.observer — SEC 8-K summary
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Issuer:     Veris Residential, Inc. (VRE)
CIK:        0000924901
Form:       8-K
Filed at:   2025-02-24T23:59:59+00:00
Accession:  0000924901-25-000009
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Veris Residential Q4 net loss $0.13/sh, Core FFO $0.11; $100M buyback, $300-500M asset sale plan
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- Net loss per share Q4 $(0.13), FY $(0.25); Core FFO per share $0.11 Q4, $0.60 FY (+13% YoY).
- Normalized Same Store NOI grew 7.3% Q4 and 7.9% FY; Same Store occupancy 93.9% (impacted by renovations).
- Board approved $100M share repurchase program over 2 years, effective March 26, 2025.
- Plans $300-500M asset sales over 12-24 months to fund buyback and repay debt, targeting Net Debt/EBITDA below 9.0x.
- 2025 guidance: Core FFO $0.61-$0.63/sh; Same Store NOI growth 1.7-2.7%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924901/000092490125000009/0000924901-25-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924901/000092490125000009/vre-20250224.htm
  HTML page:      https://secwatch.observer/filing/0000924901-25-000009

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