Veris Residential Q3 EPS $0.80, Core FFO $0.20; raises asset sale target to $650M

Veris Residential, Inc.

2025-Q3 EPS reported $0.81 revenue$217,124,000

Q3 net income per diluted share $0.80 vs. $(0.10) YoY; Core FFO per share $0.20 vs $0.17 YoY.
Same Store NOI -2.7% YoY in Q3 but +1.6% YTD; blended rental growth 3.9%.
Closed/contracted $542M in non-strategic asset sales YTD; raised disposition target to $650M.
Repaid $200M Term Loan, $96M Revolver, $56.5M mortgage; net debt/EBITDA improved to 10.0x.
Raised 2025 Core FFO guidance to $0.67-$0.68 per share from $0.63-$0.64 on $4M tax refund.

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