Veris Residential Inc reports results for the quarter ended June 30 - Earnings Summary
23/07/2025 22:49
Veris Residential Inc VRE.N reported quarterly adjusted earnings of 25 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 3 cents. The mean expectation of two analysts for the quarter was for a loss of 6 cents per share. Wall Street expected results to range from -8 cents to -5 cents per share. Revenue rose 12.5% to $75.93 million from a year ago; analysts expected $70.18 million. Veris Residential Inc's reported EPS for the quarter was 12 cents. The company reported quarterly net income of $10.9 million. Veris Residential Inc shares had fallen by 2.4% this quarter and lost 12.6% so far this year. FORECAST CHANGES The mean earnings estimate of analysts had fallen by about 8.1% in the last three months. In the last 30 days, there have been no earnings estimate revisions by analysts covering the company. RECOMMENDATIONS 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 "hold." Wall Street's median 12-month price target for Veris Residential Inc is $17.63, about 17.6% above its last closing price of $14.53 This summary was machine generated from LSEG data July 23 at 09:49 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
| QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
| Jun. 30 2025 | 0.15 | 0.17 | Beat |
| Mar. 31 2025 | 0.13 | 0.16 | Beat |
| Dec. 31 2024 | 0.12 | 0.11 | Missed |
| Sep. 30 2024 | 0.12 | 0.17 | Beat |