Veris Residential Q2 2025 net income $0.12/diluted share; raises 2025 Core FFO guidance to $0.63-$0.64

Veris Residential, Inc.

2025-Q2 EPS reported $0.00 revenue$143,684,000

Core FFO per diluted share $0.17 (vs $0.18 Q2 2024); Core AFFO $0.19 (vs $0.21).
Same Store NOI growth 5.6% YoY; blended rental growth 4.7% with occupancy of 93.9%.
Closed $268M in asset sales YTD; $180M under binding contract; total $448M.
Credit facility amendment reduced Revolver spread by 55 bps to SOFR+1.50%.
Raised 2025 Core FFO per share guidance to $0.63-$0.64 from $0.61-$0.63.

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