secwatch.observer — SEC 8-K summary
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Issuer:     Veris Residential, Inc. (VRE)
CIK:        0000924901
Form:       8-K
Filed at:   2021-07-28T23:59:59+00:00
Accession:  0001104659-21-096987
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mack-Cali Q2 net loss $(0.81)/sh, Core FFO $0.15, suburban office dispositions $387M
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- Net loss available to common shareholders $(72.1M), or $(0.81) per diluted share, vs $(34.9M), $(0.41) last year.
- Core FFO per share fell to $0.15 from $0.28, driven by pandemic impact on hotel and multifamily and suburban asset disposals.
- Multifamily operating portfolio reached 94.4% occupancy as of July 25, up from 89.7% at March 31, above pre-pandemic levels.
- Suburban office dispositions of $387M in Q2; post-quarter, redeemed $575M bonds and repaid $150M term loan.
- Expected up to $5M in annual run-rate cash expense savings from reorganization by end of 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924901/000110465921096987/0001104659-21-096987-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924901/000110465921096987/tm2123328d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-096987

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