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

Veris Residential

22/10/2025 21:50

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

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(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.)