Veris Residential beats Q3 Core FFO estimates, raises 2025 FFO guidance

Reuters10-23

<a href="https://laohu8.com/S/VRE">Veris Residential</a> beats Q3 Core FFO estimates, raises 2025 FFO guidance

Overview

Veris Residential Q3 Core FFO per share beats analyst expectations
Company sold $542 mln in non-strategic assets to reduce debt
Raised 2025 Core FFO guidance due to tax appeal refunds

Outlook

Company raises 2025 Core FFO per share guidance to $0.67-$0.68
Veris Residential maintains 2025 operational guidance
Company raises asset disposition target to $650 mln

Result Drivers

ASSET SALES - Veris Residential completed or contracted $542 mln in non-strategic asset sales, aiding debt reduction
DEBT REDUCTION - Utilized asset sale proceeds to reduce debt by $394 mln during Q3, reducing Net Debt-to-EBITDA to 10.0x
RENTAL GROWTH - Achieved 3.9% year-over-year Same Store Blended Net Rental Growth Rate for Q3

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q3 Core FFO Per Share	Beat	$0.20	$0.16 (5 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the residential reits peer group is "buy"
Wall Street's median 12-month price target for Veris Residential Inc is $17.50, about 16.6% above its October 21 closing price of $14.59

Press Release: ID:nPn4c267Na

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"VRE","symbol_name":"Veris Residential","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251022:nL1N3W313F:1","article_id":"2577311204","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2577311204","pubTimestamp":1761166205,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Veris Residential beats Q3 Core FFO estimates, raises 2025 FFO guidanceOverviewVeris Residential Q3 Core FFO per share beats analyst expectationsCompany sold $542 mln in non-strategic assets to reduce","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"VRE":"Veris Residential","BK4149":"建筑机械与重型卡车","BK4533":"AQR资本管理(全球第二大对冲基金)","CMI":"康明斯","LU0154245673.USD":"BNP PARIBAS US MID CAP \"C\" (USD) INC","LU0203345920.USD":"SCHRODER ISF QEP GLB ACT. 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For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2577311204","isCrawlerRequest":true}