Veris Residential (VRE) reported Q4 2025 results with net income available to common shareholders of USD -0.2 million and diluted EPS of USD 0.00. Core FFO was USD 19.94 million (USD 0.19 per diluted share) and Core AFFO was USD 19.75 million (USD 0.19 per diluted share). Total revenues were USD 71.31 million, while interest expense was USD 18.78 million and Adjusted EBITDA was USD 38.12 million. For FY 2025, net income available to common shareholders was USD 75.24 million and diluted EPS was USD 0.80. Core FFO was USD 73.56 million (USD 0.72 per diluted share) and Core AFFO was USD 75.95 million (USD 0.74 per diluted share). Total revenues were USD 288.43 million and Adjusted EBITDA was USD 158.27 million. Veris Residential declared dividends of USD 0.08 per share for Q4 and USD 0.32 per share for FY 2025, and paid a USD 0.08 per share dividend on January 9, 2026. Business updates for FY 2025 included USD 542.1 million of non-strategic asset sales and approximately USD 490 million of debt reduction, with Net Debt-to-EBITDA (Normalized) at 9.0x at year-end. The company reported liquidity of USD 280 million as of December 31, 2025, with a weighted average effective interest rate of 4.88% and weighted average maturity of 2.2 years, and said all debt was hedged or fixed at year-end. Operationally, Veris Residential reported occupancy of 95.2% excluding Liberty Towers (under renovation) and Same Store occupancy of 94.4%, alongside Same Store NOI growth of 2.7% for FY 2025 and 5.9% for Q4 2025. In Q2 2025, Veris Residential acquired its partner’s interest in the Jersey City Urby joint venture for USD 38.5 million, assumed management, rebranded the property to Sable, and cited approximately USD 1 million of annualized synergies from the consolidation.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Veris Residential Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202602230720PR_NEWS_USPR_____NY93041) on February 23, 2026, and is solely responsible for the information contained therein.