secwatch.observer — SEC 8-K summary
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Issuer:     Veris Residential, Inc. (VRE)
CIK:        0000924901
Form:       8-K
Filed at:   2025-04-23T23:59:59+00:00
Accession:  0000924901-25-000025
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Veris Residential Q1 Core FFO $0.16; acquires Sable JV stake; dividend raised 52%
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- Net loss per diluted share $(0.12) vs $(0.04); Core FFO per share $0.16 vs $0.14 YoY.
- Same Store NOI up 3.2% YoY to $50.9M; blended rental growth 2.4%; occupancy 94.0%.
- $45M non-strategic asset sales closed YTD; $34M under binding contract; bought 15% Sable JV stake for $38.5M, consolidating property.
- Dividend raised to $0.08/share from $0.0525 (up 52%); $100M buyback program announced, no shares repurchased to date.
- 2025 guidance maintained: Core FFO $0.61-$0.63 per share; net debt/EBITDA improved to 11.4x from 11.7x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924901/000092490125000025/0000924901-25-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924901/000092490125000025/vre-20250423.htm
  HTML page:      https://secwatch.observer/filing/0000924901-25-000025

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