Veris Residential, Inc. is a forward-thinking, environmentally- and socially-conscious real estate investment trust (REIT) that primarily owns, operates, acquires, and develops holistically-inspired, Class A multifamily properties that meet the sustainability-conscious lifestyle needs of today's residents while seeking to positively impact the communities it serves and the planet at large. The company is guided by an experienced management team and Board of Directors and is underpinned by leading corporate governance principles, a best-in-class and sustainable approach to operations, and an inclusive culture based on equality and meritocratic empowerment. For additional information on Veris Residential, Inc. and our properties available for lease, please visit http://www.verisresidential.com/.
IPO Year:
Exchange: NYSE
Website: https://www.mack-cali.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/26/2025 | $20.00 → $18.00 | Outperform → In-line | Evercore ISI |
| 12/17/2024 | $14.00 → $17.00 | Underweight → Neutral | Analyst |
| 11/12/2024 | $20.00 → $23.00 | Neutral → Buy | BofA Securities |
| 10/25/2023 | $15.00 → $14.00 | Underweight | JP Morgan |
| 7/27/2023 | $18.00 → $19.00 | In-line → Outperform | Evercore ISI |
| 5/16/2023 | $15.00 → $19.00 | Hold → Buy | Deutsche Bank |
| 11/14/2022 | $16.00 → $18.00 | Underperform → Neutral | BofA Securities |
4 - Veris Residential, Inc. (0000924901) (Issuer)
4 - Veris Residential, Inc. (0000924901) (Issuer)
4 - Veris Residential, Inc. (0000924901) (Issuer)
4 - Veris Residential, Inc. (0000924901) (Issuer)
4 - Veris Residential, Inc. (0000924901) (Issuer)
4 - Veris Residential, Inc. (0000924901) (Issuer)
4 - Veris Residential, Inc. (0000924901) (Issuer)
4 - Veris Residential, Inc. (0000924901) (Issuer)
4 - Veris Residential, Inc. (0000924901) (Issuer)
4 - Veris Residential, Inc. (0000924901) (Issuer)
Evercore ISI downgraded Veris Residential from Outperform to In-line and set a new price target of $18.00 from $20.00 previously
Analyst upgraded Veris Residential from Underweight to Neutral and set a new price target of $17.00 from $14.00 previously
BofA Securities upgraded Veris Residential from Neutral to Buy and set a new price target of $23.00 from $20.00 previously
JP Morgan resumed coverage of Veris Residential with a rating of Underweight and set a new price target of $14.00 from $15.00 previously
Evercore ISI upgraded Veris Residential from In-line to Outperform and set a new price target of $19.00 from $18.00 previously
Deutsche Bank upgraded Veris Residential from Hold to Buy and set a new price target of $19.00 from $15.00 previously
BofA Securities upgraded Veris Residential from Underperform to Neutral and set a new price target of $18.00 from $16.00 previously
JERSEY CITY, N.J., April 23, 2025 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE) (the "Company"), a forward-thinking, Northeast-focused, Class A multifamily REIT, today reported results for the first quarter 2025. Three Months Ended March 31, 2025 2024 Net Income (loss) per Diluted Share $(0.12) $(0.04) Core FFO per Diluted Share $0.16 $0.14 Core AFFO per Diluted Share $0.17 $0.18 Dividend per Diluted Share $0.08 $0.0525 FIRST QUARTER UPDATE Year-over-year Same Store multifamily Blended Net Rental Growth Rate of 2.4%.Year-over-year Same Store NOI growth of 3.2%.Same Store
Rebrands 762-Unit, Class A Waterfront Property to Sable JERSEY CITY, N.J., April 22, 2025 /PRNewswire/ -- Veris Residential, Inc. ("Veris Residential" or the "Company") (NYSE:VRE), a forward-thinking, Northeast-focused, Class A multifamily REIT, and Urby, a design-forward, hospitality-driven multifamily development brand, today announced that Veris Residential has acquired Ironstate Holdings' ("Ironstate") 15% stake in Jersey City Urby, a 762-unit, Class A multifamily property located on the Jersey City Waterfront, for $38.5 million, excluding transaction costs but including consideration for the termination of Urby's management contract and the annual tax credit.
JERSEY CITY, N.J., April 4, 2025 /PRNewswire/ -- Veris Residential, Inc. ("Veris Residential" or the "Company") (NYSE:VRE), a forward-thinking, Northeast-focused, Class A multifamily REIT, today announced that it will host its first quarter 2025 financial results webcast and conference call on Thursday, April 24, 2025, at 8:30 a.m., eastern. The Company will release its results after the close of market on Wednesday, April 23, 2025. The webcast can be listened to via the Internet by accessing the Company's website at http://investors.verisresidential.com/corporate-overview. Th
JERSEY CITY, N.J., Feb. 27, 2025 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE) ("Veris Residential" or the "Company"), a forward-thinking, Northeast-focused, Class A multifamily REIT, today announced that the Company's Board of Directors has declared a cash dividend on its common stock for the first quarter 2025 in the amount of $0.08 for the period ending March 31, 2025. The dividend will be paid on April 10, 2025, to shareholders of record as of March 31, 2025. The timing and amount of future dividends is subject to approval by the Board of Directors, taking into consid
JERSEY CITY, N.J., Feb. 24, 2025 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE) (the "Company"), a forward-thinking, Northeast-focused, Class A multifamily REIT, today reported results for the fourth quarter and full year 2024. Three Months Ended December 31, Twelve Months Ended December 31, 2024 2023 2024 2023 Net Income (loss) per Diluted Share $(0.13) $(0.06) $(0.25) $(1.22) Core FFO per Diluted Share $0.11 $0.12 $0.60 $0.53 Core AFFO per Diluted Share $0.13 $0.14 $0.71 $0.62 Dividend per Diluted Share $0.08 $0.0525 $0.2625 $0.1025 FOURTH QUARTER 2024 AND FULL YEAR HIGH
JERSEY CITY, N.J., Feb. 18, 2025 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE) ("Veris Residential" or the "Company"), a forward-thinking multifamily REIT, today announced the tax treatment of its 2024 Distributions. The Company's total distributions of $0.235 per share of common stock (CUSIP #554489104) is to be classified for income tax purposes as follows: RECORD PAYMENT CASH DISTRIBUTIONS TAXABLE TOTAL UNRECAPTURED SECTION RETURN OF CAPITAL DATE DATE PER SHARE ORDINARY DIVIDENDS CAPITAL GAIN SECTION 1250 GAIN 199A DIVIDENDS DISTRIBUTIONS 12/29/2023 1/10/
JERSEY CITY, N.J., Jan. 22, 2025 /PRNewswire/ -- Veris Residential, Inc. ("Veris Residential" or the "Company") (NYSE:VRE), a forward-thinking multifamily REIT, today announces that it will host its fourth quarter and full year 2024 financial results webcast and conference call on Tuesday, February 25, 2025, at 8:30 a.m. eastern. The Company will release its results after the close of market on Monday, February 24, 2025. The webcast can be listened to via the Internet by accessing the Company's website at http://investors.verisresidential.com/corporate-overview. The conference
JERSEY CITY, N.J., Nov. 13, 2024 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE) ("Veris Residential" or the "Company"), a forward-thinking, environmentally and socially conscious multifamily REIT, today announced that the Company's Board of Directors has declared a cash dividend on its common stock for the fourth quarter 2024 in the amount of $0.08 for the period ending December 31, 2024. The dividend will be paid on January 10, 2025, to shareholders of record as of December 31, 2024. The timing and amount of future dividends is subject to approval by the Board of Director
Raises Full-Year 2024 Guidance JERSEY CITY, N.J., Oct. 30, 2024 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE) (the "Company"), a forward-thinking, environmentally and socially conscious multifamily REIT, today reported results for the third quarter 2024. Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Net Income (Loss) per Diluted Share $(0.10) $(0.60) $(0.12) $(1.16) Core FFO per Diluted Share $0.17 $0.12 $0.49 $0.42 Core AFFO per Diluted Share $0.19 $0.15 $0.58 $0.48 Dividend per Diluted Share $0.07 $0.05 $0.18 $0.05 YEAR-TO-DATE HIG
JERSEY CITY, N.J., Oct. 10, 2024 /PRNewswire/ -- Veris Residential, Inc. ("Veris Residential" or the "Company") (NYSE:VRE), a forward-thinking, environmentally and socially conscious REIT that primarily owns, operates, acquires and develops Class A multifamily properties, today announces that it will host its third quarter 2024 financial results webcast and conference call on Thursday, October 31, 2024, at 8:30 a.m., eastern. The Company will release its results after the close of market on Wednesday, October 30, 2024. The webcast can be listened to via the Internet by accessi
NEW YORK, Feb. 27, 2023 /PRNewswire/ -- Kushner (together with its affiliates, "Kushner"), a seasoned real estate owner and operator and one of the largest shareholders of Veris Residential (NYSE:VRE) ("Veris"), today sent a press release regarding Veris' two new board appointments: Kushner Applauds New Board Appointments at Veris The full text of the press release follows: Kushner Companies LLC ("Kushner") today issued the following statement: As one of the largest shareholders of Veris Residential Inc. (NYSE:VRE), Kushner applauds today's announcement of the appointment of Stephanie Williams and Ronald Dickerman to Veris' Board of Directors. Stephanie and Ronald are deeply experienced rea
Real Estate Industry Veterans Ronald M. Dickerman and Stephanie L. Williams to Join Board Alan R. Batkin to Retire from Board Board Refreshment Reflects Veris Residential's Ongoing Commitment to Best-in-Class Corporate Governance JERSEY CITY, N.J., Feb. 27, 2023 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE) (the "Company"), a forward-thinking, environmentally- and socially-conscious real estate investment trust (REIT) that primarily owns, operates, acquires, and develops Class A multifamily properties, today announced the appointment of two new independent directors, Ronald M. Dickerman, Founder and President of Madison International Realty, and Stephanie L. Williams, President of Bozzu
Formally Announces Karen Cusmano Head of Sustainability and ESG Launches New Website Unifying Company's Entire Portfolio on One User-Friendly Platform JERSEY CITY, N.J., May 31, 2022 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE), a forward-thinking, environmentally- and socially-conscious REIT that primarily owns, operates, acquires, and develops Class A multifamily properties, today released its 2021 ESG Report. The report, which is available on the Company's new website here, details the progress that Veris Residential has made in becoming a more responsible, sustainable, and inclusive owner, operator, and developer, while continuing its pursuit of long-term value creation for shareh
JERSEY CITY, N.J., Jan. 12, 2022 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE), a forward-thinking, environmentally- and socially-conscious REIT that primarily owns, operates, acquires, and develops Class A multifamily properties, today announced a transition plan for its financial leadership team designed to position the company to continue to generate long-term value for shareholders. Pursuant to the plan, Veris Residential has appointed Amanda Lombard Chief Accounting Officer, effective January 18. Ms. Lombard, who most recently served as Chief Financial Officer of Se
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8-K - Veris Residential, Inc. (0000924901) (Filer)
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8-K - Veris Residential, Inc. (0000924901) (Filer)
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4 - Veris Residential, Inc. (0000924901) (Issuer)
4 - Veris Residential, Inc. (0000924901) (Issuer)
JERSEY CITY, N.J., April 23, 2025 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE) (the "Company"), a forward-thinking, Northeast-focused, Class A multifamily REIT, today reported results for the first quarter 2025. Three Months Ended March 31, 2025 2024 Net Income (loss) per Diluted Share $(0.12) $(0.04) Core FFO per Diluted Share $0.16 $0.14 Core AFFO per Diluted Share $0.17 $0.18 Dividend per Diluted Share $0.08 $0.0525 FIRST QUARTER UPDATE Year-over-year Same Store multifamily Blended Net Rental Growth Rate of 2.4%.Year-over-year Same Store NOI growth of 3.2%.Same Store
Rebrands 762-Unit, Class A Waterfront Property to Sable JERSEY CITY, N.J., April 22, 2025 /PRNewswire/ -- Veris Residential, Inc. ("Veris Residential" or the "Company") (NYSE:VRE), a forward-thinking, Northeast-focused, Class A multifamily REIT, and Urby, a design-forward, hospitality-driven multifamily development brand, today announced that Veris Residential has acquired Ironstate Holdings' ("Ironstate") 15% stake in Jersey City Urby, a 762-unit, Class A multifamily property located on the Jersey City Waterfront, for $38.5 million, excluding transaction costs but including consideration for the termination of Urby's management contract and the annual tax credit.
JERSEY CITY, N.J., April 4, 2025 /PRNewswire/ -- Veris Residential, Inc. ("Veris Residential" or the "Company") (NYSE:VRE), a forward-thinking, Northeast-focused, Class A multifamily REIT, today announced that it will host its first quarter 2025 financial results webcast and conference call on Thursday, April 24, 2025, at 8:30 a.m., eastern. The Company will release its results after the close of market on Wednesday, April 23, 2025. The webcast can be listened to via the Internet by accessing the Company's website at http://investors.verisresidential.com/corporate-overview. Th
JERSEY CITY, N.J., Feb. 27, 2025 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE) ("Veris Residential" or the "Company"), a forward-thinking, Northeast-focused, Class A multifamily REIT, today announced that the Company's Board of Directors has declared a cash dividend on its common stock for the first quarter 2025 in the amount of $0.08 for the period ending March 31, 2025. The dividend will be paid on April 10, 2025, to shareholders of record as of March 31, 2025. The timing and amount of future dividends is subject to approval by the Board of Directors, taking into consid
JERSEY CITY, N.J., Feb. 24, 2025 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE) (the "Company"), a forward-thinking, Northeast-focused, Class A multifamily REIT, today reported results for the fourth quarter and full year 2024. Three Months Ended December 31, Twelve Months Ended December 31, 2024 2023 2024 2023 Net Income (loss) per Diluted Share $(0.13) $(0.06) $(0.25) $(1.22) Core FFO per Diluted Share $0.11 $0.12 $0.60 $0.53 Core AFFO per Diluted Share $0.13 $0.14 $0.71 $0.62 Dividend per Diluted Share $0.08 $0.0525 $0.2625 $0.1025 FOURTH QUARTER 2024 AND FULL YEAR HIGH
JERSEY CITY, N.J., Feb. 18, 2025 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE) ("Veris Residential" or the "Company"), a forward-thinking multifamily REIT, today announced the tax treatment of its 2024 Distributions. The Company's total distributions of $0.235 per share of common stock (CUSIP #554489104) is to be classified for income tax purposes as follows: RECORD PAYMENT CASH DISTRIBUTIONS TAXABLE TOTAL UNRECAPTURED SECTION RETURN OF CAPITAL DATE DATE PER SHARE ORDINARY DIVIDENDS CAPITAL GAIN SECTION 1250 GAIN 199A DIVIDENDS DISTRIBUTIONS 12/29/2023 1/10/
JERSEY CITY, N.J., Jan. 22, 2025 /PRNewswire/ -- Veris Residential, Inc. ("Veris Residential" or the "Company") (NYSE:VRE), a forward-thinking multifamily REIT, today announces that it will host its fourth quarter and full year 2024 financial results webcast and conference call on Tuesday, February 25, 2025, at 8:30 a.m. eastern. The Company will release its results after the close of market on Monday, February 24, 2025. The webcast can be listened to via the Internet by accessing the Company's website at http://investors.verisresidential.com/corporate-overview. The conference
JERSEY CITY, N.J., Nov. 13, 2024 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE) ("Veris Residential" or the "Company"), a forward-thinking, environmentally and socially conscious multifamily REIT, today announced that the Company's Board of Directors has declared a cash dividend on its common stock for the fourth quarter 2024 in the amount of $0.08 for the period ending December 31, 2024. The dividend will be paid on January 10, 2025, to shareholders of record as of December 31, 2024. The timing and amount of future dividends is subject to approval by the Board of Director
Raises Full-Year 2024 Guidance JERSEY CITY, N.J., Oct. 30, 2024 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE) (the "Company"), a forward-thinking, environmentally and socially conscious multifamily REIT, today reported results for the third quarter 2024. Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Net Income (Loss) per Diluted Share $(0.10) $(0.60) $(0.12) $(1.16) Core FFO per Diluted Share $0.17 $0.12 $0.49 $0.42 Core AFFO per Diluted Share $0.19 $0.15 $0.58 $0.48 Dividend per Diluted Share $0.07 $0.05 $0.18 $0.05 YEAR-TO-DATE HIG
JERSEY CITY, N.J., Oct. 10, 2024 /PRNewswire/ -- Veris Residential, Inc. ("Veris Residential" or the "Company") (NYSE:VRE), a forward-thinking, environmentally and socially conscious REIT that primarily owns, operates, acquires and develops Class A multifamily properties, today announces that it will host its third quarter 2024 financial results webcast and conference call on Thursday, October 31, 2024, at 8:30 a.m., eastern. The Company will release its results after the close of market on Wednesday, October 30, 2024. The webcast can be listened to via the Internet by accessi