Veris Residential Q4 Core FFO $0.19; full-year Core FFO $0.72 beats guidance

Veris Residential, Inc.

2025-FY EPS reported $0.80 revenue$288,434,000

Core FFO per diluted share $0.19 in Q4 vs $0.11 YoY; full year $0.72 beats upper end of guidance.
Same Store NOI grew 5.9% in Q4 and 2.7% for full year; occupancy 94.4%.
Completed $542M of non-strategic asset sales in 2025; used proceeds to reduce debt by ~$490M.
Net debt-to-EBITDA (normalized) improved to 9.0x from 11.7x a year ago.
Sold last two Jersey City land parcels for $75M; land bank reduced to ~$35M.

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