Investor Relations

Q2 2024 Earnings Conference Call

July 25, 2024 - 8:30 AM ET

Latest Quarterly Metrics


Core FFO per share for the first quarter 2024


The 7,622-unit operating Same Store multifamily portfolio occupancy as of March 31, 2024


Same Store operating multifamily portfolio year-over-year NOI increase


Same Store Multifamily Blended Net Rental Growth Rate for the quarter

For complete information regarding our financials, see our periodic filings

Properties, People, Planet

Veris Residential promotes meaningful connections with its communities by sustaining a lifestyle centered around shared values. EMBRACE by Veris Residential formalizes our efforts towards diversity, equity & inclusion, philanthropy, and sustainability efforts.

Embrace Our Values

Stock Information

Veris Residential, Inc.

Veris Residential, Inc. at a Glance


Same Store units in our portfolio


Same Store occupancy


Average Asset Age (Year)

As of March 31, 2024 · Q1 2024 Earnings Release

Veris Residential Key Financial Metrics

We continue to cultivate sustainable communities across the Northeast.

Key Financial Metrics

Metric Q1 2024 Q4 2023
Net Income / (Loss) per Diluted Share ($0.04) ($0.06)
Core FFO Per Diluted Share1 $0.14 $0.12
Weighted Average - Diluted Shares2 100,967,737 100,936,000
Total Equity $1.5 billion $1.6 billion
Total Debt $1.9 billion $1.9 billion
Total Capitalization $3.4 billion $3.5 billion
Debt-to-Undepreciated Assets 51.7% 48.0%
Interest Coverage Ratio 1.5x 1.5x
Net Debt $1.7 billion $1.8 billion
TTM EBITDA 142,543 151,201
TTM Net Debt to EBITDA 12.0x 11.9x

Key Portfolio Statistics

Metric Q1 2024 Q4 2023
Multifamily Portfolio
Operating Units 7,622 7,622
% Physical Occupancy 94.1% 94.4%
Blended Rental Growth Rate 4.6% 6.1%
Average Rent per Home $3,899 $3,855


For complete information regarding our financials, see our periodic filings.

1 See "Information About FFO, Core FFO, AFFO, NOI, Adjusted EBITDA & EBITDAre" in the latest Supplemental Operating and Financial Data. FFO is calculated in accordance with the definition of the National Association of Real Estate Investment Trusts (Nareit). Interest Coverage Ratio is calculated as Adjusted EBITDA divided by interest expense.

2 Includes any outstanding preferred units presented on a converted basis into common units, noncontrolling interests in consolidated joint ventures and redeemable noncontrolling interests.

3 Harborside 5 is the only in-service office property remaining as of October 24, 2023.

Same Store Multifamily Occupancy

  • 2021
  • 2022
  • 2023
  • 2024

Incredible Spaces, Inspired Locations

Multifamily Portfolio

Our multifamily portfolio features stunning, sustainable spaces crafted to make a meaningful difference. Our connected locations, exceptional service and luxurious living spaces create a community you want to call home.

Explore our multifamily portfolio

Other Properties

Our remaining portfolio features properties made for the new age of work-life balance and wellness. Just minutes away from nearly every transit option and neighborhood parks and residential areas, our commercial locations are perfect for a hybrid-work environment.

Explore our other properties

IR Contacts


Veris Residential, Inc.
Harborside 3, 210 Hudson St.
Ste. 400
Jersey City, NJ 07311

Investor Relations

Anna Malhari
Chief Operating Officer

Transfer Agent

Computershare Trust Company, N.A.
P.O. Box 43006
Providence, RI 02940-3006
T: 800.317.4445