Veris plans to sell up to $500M in assets [Yahoo! Finance]
Veris Residential, Inc. (VRE)
Company Research
Source: Yahoo! Finance
Dive Brief: Veris Residential has identified a pipeline of $300 million to $500 million of assets, comprising the majority of its land bank and select multifamily properties, to be sold during the next 12 to 24 months, according to its fourth-quarter 2024 earnings release in late February. The Jersey City, New Jersey-based REIT will use the proceeds from any potential sale or sales to fund a $100 million share repurchase program. The balance will then be used to repay debt. As the transactions are completed, it is targeting leverage below 9.0x net EBITDA. In 2024, Veris completed $230 million of non-strategic asset sales. It also refinanced $526 million of mortgages, leaving no remaining consolidated debt maturities until 2026. All of its debt is either fixed or hedged. Dive Insight: Over the past four years, Veris' leadership has transformed the company into a pure-play multifamily REIT with core, class A properties in the Northeast. However, in sentiments that echoed De
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VRE
News
- Veris Residential (NYSE:VRE) had its "hold (c)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Veris Residential Completes $75 Million Sale of Harborside 8/9 Land Parcel [Yahoo! Finance]Yahoo! Finance
- Veris Residential Completes $75 Million Sale of Harborside 8/9 Land ParcelPR Newswire
- Veris Residential (NYSE:VRE) had its "hold (c)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Veris Residential (NYSE:VRE) had its "hold (c-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
VRE
Earnings
- 10/22/25 - Miss
VRE
Sec Filings
- 10/22/25 - Form 8-K
- 10/16/25 - Form 144
- 10/16/25 - Form 144
- VRE's page on the SEC website