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home / news releases / VRE - Veris Residential Core FFO of $0.15 beats by $0.06 revenue of $66.9M

VRE - Veris Residential Core FFO of $0.15 beats by $0.06 revenue of $66.9M

Veris Residential Inc.

2023-04-26 17:12:33 ET

  • Veris Residential press release ( NYSE: VRE ): Q1 Core FFO of $0.15 beats by $0.06 .
  • Net loss available to common shareholders was $0.27 per share for the first quarter 2023.
  • Revenue of $66.9M (+44.9% Y/Y).
  • Net-debt-to-EBITDA reduced to 10.3x in the first quarter, down from 18.8x in the first quarter of 2022.
  • The Company expects growth projection ranges for 2023 shown below: Same Store Revenue Growth of 4% -6%; Same Store Expense Growth of 4% -6%; Same Store NOI Growth of 4% -6%.

For further details see:

Veris Residential Core FFO of $0.15 beats by $0.06, revenue of $66.9M
Stock Information
Company Name: Veris Residential Inc.
Stock Symbol: VRE
Market: NYSE
Website: verisresidential.com
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