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 |
|---|---|---|---|
| 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)
4 - Veris Residential, Inc. (0000924901) (Issuer)
4 - Veris Residential, Inc. (0000924901) (Issuer)
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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
8-K - Veris Residential, Inc. (0000924901) (Filer)
8-K - Veris Residential, Inc. (0000924901) (Filer)
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DEF 14A - Veris Residential, Inc. (0000924901) (Filer)
8-K - Veris Residential, Inc. (0000924901) (Filer)
8-K - Veris Residential, Inc. (0000924901) (Filer)
424B5 - Veris Residential, Inc. (0000924901) (Filer)
8-K - Veris Residential, Inc. (0000924901) (Filer)
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
JERSEY CITY, N.J., Aug. 5, 2024 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE) ("Veris Residential" or the "Company"), a forward-thinking, environmentally and socially conscious REIT that primarily owns, operates, acquires and develops Class A multifamily properties, today announced that the Company's Board of Directors has declared a cash dividend on its common stock for the third quarter 2024 in the amount of $0.07 for the period ending September 30, 2024, representing an increase of 7% from the prior dividend. The dividend will be paid on October 16, 2024 to shareholders of record as of September 30, 2024.
JERSEY CITY, N.J., July 24, 2024 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE) (the "Company"), a forward-thinking, environmentally and socially conscious multifamily REIT, today reported results for the second quarter 2024. Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Net Income (Loss) per Diluted Share $0.03 $(0.30) $(0.01) $(0.56) Core FFO per Diluted Share $0.18 $0.16 $0.32 $0.30 Core AFFO per Diluted Share $0.21 $0.19 $0.40 $0.33 Dividend per Diluted Share $0.06 $— $0.1125 $— YEAR-TO-DATE HIGHLIGHTS Same Store multifamily Blended Net Rent
JERSEY CITY, N.J., July 8, 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 second quarter 2024 financial results webcast and conference call on Thursday, July 25, 2024, at 8:30 a.m., eastern. The Company will release its results after the close of market on Wednesday, July 24, 2024. The webcast can be listened to via the Internet by accessing the
JERSEY CITY, N.J., June 18, 2024 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE) (the "Company") today announced that it has withdrawn its proposed public offering of shares of its common stock. Mahbod Nia, Chief Executive Officer of Veris Residential, said, "Following careful consideration of all relevant factors, consistent with our disciplined approach and with the best interests of our shareholders in mind, we have made the decision to withdraw our previously announced public offering of common stock. We greatly appreciate the continued trust and support of our sharehol
JERSEY CITY, N.J., June 17, 2024 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE) (the "Company") announced today that it has commenced an underwritten public offering of 10,500,000 shares of its common stock. J.P. Morgan, Goldman Sachs & Co. LLC and BofA Securities are acting as the joint book-running managers for the offering. The underwriters are expected to be granted a 30-day option, exercisable in whole or in part from time to time, to purchase up to an additional 1,575,000 shares of the Company's common stock. The Company intends to use the net proceeds from the offer
Explores the Integration of ESG Considerations into Business Decision-Making for the Benefit of All Stakeholders CAMBRIDGE, Mass. and JERSEY CITY, N.J., May 8, 2024 /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 details from CEO Mahbod Nia's recent lecture at Massachusetts Institute of Technology's Center for Real Estate ("MIT/CRE"), one of the world's foremost institutes for the study of real estate and technology.
JERSEY CITY, N.J., May 6, 2024 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE) ("Veris Residential" or the "Company"), a forward-thinking, environmentally and socially conscious REIT that primarily owns, operates, acquires and develops Class A multifamily properties, today announced that the Company's Board of Directors has declared a cash dividend on its common stock for the second quarter 2024 in the amount of $0.06 for the period ending June 30, 2024. The dividend will be paid on July 16, 2024 to shareholders of record as of July 3, 2024. The dividend increase reflects t
JERSEY CITY, N.J., April 24, 2024 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE) (the "Company"), a forward-thinking, environmentally and socially conscious multifamily REIT, today reported results for the first quarter 2024. Three Months Ended, March 31, 2024 December 31, 2023 Net Income (Loss) per Diluted Share $(0.04) $(0.06) Core FFO per Diluted Share $0.14 $0.12 Core AFFO per Diluted Share $0.18 $0.14 Dividend per Diluted Share $0.0525 $0.0525 CAPITAL ALLOCATION AND BALANCE SHEET Sold $179 million of non-strategic assets, including the last office asset; two land parc
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
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
JERSEY CITY, N.J., Aug. 5, 2024 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE) ("Veris Residential" or the "Company"), a forward-thinking, environmentally and socially conscious REIT that primarily owns, operates, acquires and develops Class A multifamily properties, today announced that the Company's Board of Directors has declared a cash dividend on its common stock for the third quarter 2024 in the amount of $0.07 for the period ending September 30, 2024, representing an increase of 7% from the prior dividend. The dividend will be paid on October 16, 2024 to shareholders of record as of September 30, 2024.
JERSEY CITY, N.J., July 24, 2024 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE) (the "Company"), a forward-thinking, environmentally and socially conscious multifamily REIT, today reported results for the second quarter 2024. Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Net Income (Loss) per Diluted Share $0.03 $(0.30) $(0.01) $(0.56) Core FFO per Diluted Share $0.18 $0.16 $0.32 $0.30 Core AFFO per Diluted Share $0.21 $0.19 $0.40 $0.33 Dividend per Diluted Share $0.06 $— $0.1125 $— YEAR-TO-DATE HIGHLIGHTS Same Store multifamily Blended Net Rent
JERSEY CITY, N.J., July 8, 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 second quarter 2024 financial results webcast and conference call on Thursday, July 25, 2024, at 8:30 a.m., eastern. The Company will release its results after the close of market on Wednesday, July 24, 2024. The webcast can be listened to via the Internet by accessing the
Explores the Integration of ESG Considerations into Business Decision-Making for the Benefit of All Stakeholders CAMBRIDGE, Mass. and JERSEY CITY, N.J., May 8, 2024 /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 details from CEO Mahbod Nia's recent lecture at Massachusetts Institute of Technology's Center for Real Estate ("MIT/CRE"), one of the world's foremost institutes for the study of real estate and technology.
JERSEY CITY, N.J., May 6, 2024 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE) ("Veris Residential" or the "Company"), a forward-thinking, environmentally and socially conscious REIT that primarily owns, operates, acquires and develops Class A multifamily properties, today announced that the Company's Board of Directors has declared a cash dividend on its common stock for the second quarter 2024 in the amount of $0.06 for the period ending June 30, 2024. The dividend will be paid on July 16, 2024 to shareholders of record as of July 3, 2024. The dividend increase reflects t
JERSEY CITY, N.J., April 24, 2024 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE) (the "Company"), a forward-thinking, environmentally and socially conscious multifamily REIT, today reported results for the first quarter 2024. Three Months Ended, March 31, 2024 December 31, 2023 Net Income (Loss) per Diluted Share $(0.04) $(0.06) Core FFO per Diluted Share $0.14 $0.12 Core AFFO per Diluted Share $0.18 $0.14 Dividend per Diluted Share $0.0525 $0.0525 CAPITAL ALLOCATION AND BALANCE SHEET Sold $179 million of non-strategic assets, including the last office asset; two land parc
JERSEY CITY, N.J., April 15, 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 first quarter 2024 financial results webcast and conference call on Thursday, April 25, 2024, at 8:30 a.m., eastern. The Company will release its results after the close of market on Wednesday, April 24, 2024. The webcast can be listened to via the Internet by accessing
JERSEY CITY, N.J., Feb. 29, 2024 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE) ("Veris Residential" or the "Company"), a forward-thinking, environmentally and socially conscious REIT that primarily owns, operates, acquires and develops Class A multifamily properties, today announced that the Company`s Board of Directors has declared a cash dividend on its common stock for the first quarter 2024 in the amount of $0.0525 for the period ending March 31, 2024. The dividend will be paid on April 16, 2024 to shareholders of record as of April 3, 2024. The timing and amount of f
Veris Residential (NYSE:VRE) reported quarterly earnings of $0.18 per share which beat the analyst consensus estimate of $0.14 by 28.57 percent. This is a 12.5 percent increase over earnings of $0.16 per share from the same period last year. The company reported quarterly sales of $67.476 million which beat the analyst consensus estimate of $66.992 million by 0.72 percent. This is a 5.09 percent increase over sales of $64.206 million the same period last year.
In the preceding three months, 4 analysts have released ratings for Veris Residential (NYSE:VRE), presenting a wide array of perspectives from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 1 2 1 0 Last 30D 0 0 1 0 0 1M Ago 0 1 0 1 0 2M Ago 0 0 0 0 0 3M Ago 0 0 1 0 0 Analysts have set 12-month price targets for Veris Residential, revealing an average target of $14.25, a high estimate of $16.00, and a low estimate of $13.00. Experiencing a 1.72% decline, the c
Truist Securities analyst Michael Lewis maintains Veris Residential (NYSE:VRE) with a Hold and lowers the price target from $15 to $14.
Evercore ISI Group analyst Steve Sakwa maintains Veris Residential (NYSE:VRE) with a Outperform and lowers the price target from $17 to $16.
U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 0.2% on Tuesday. Shares of NextEra Energy, Inc. (NYSE:NEE) fell sharply in today's pre-market trading after the company announced plans to sell equity units. After the market close on Monday, NextEra Energy announced that it intends to sell $2 billion of equity units consisting of a contract to purchase NextEra Energy common stock and a 5% undivided beneficial ownership interest in a NextEra Energy Capital Holdings debenture due June 1, 2029. Each unit will be issued for $50. AMC Networks shares dipped 7.6% to $66.81 in pre-market trading. Here are some big stocks recording losses in today's pre-ma
As a result of the withdrawal, no shares of common stock will be sold pursuant to the offering. Additionally, Veris Residential intends to terminate its pending acquisition of 55 Riverwalk Place.
JP Morgan analyst Anthony Paolone maintains Veris Residential (NYSE:VRE) with a Underweight and raises the price target from $11 to $13.