NYSE$VRE

Veris Residentia · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Veris Residential reported Q1 2025 total revenues of $141.0M with net income of $15.0M and diluted EPS of $0.12.

Total revenues were $141.0 million for the quarter ended March 31, 2025, from multifamily properties in the Northeast. Net income was $15.0 million ($0.12 diluted EPS). Occupancy, rent growth, and development leasing are discussed for the REIT portfolio.

  • Q1 total revenues $141.0M; net income $15.0M.
  • Diluted EPS $0.12.
  • Multifamily concentration in New Jersey markets.
  • Supply additions and interest expense affect FFO.

Headline financials

Total Revenue

$67.8M

Previous: $67.3M+0.6%
EPS (adj)

$0.12

Previous: -$0.04+400.0%
Core FFO

$15.8M

Previous: $14.2M+11.7%
Core FFO per Diluted Share

$0.16

Previous: $0.14+14.3%
Same Store Occupancy

94.0%

Previous: 94.1%-0.1%
Average Revenue per Home

$4.02K

Previous: $3.9K+3.1%
Net Debt to EBITDA (Normalized)

11.4

Previous: 11.7-2.6%
Same Store NOI Growth

3.2%

No prior period
Blended Net Rental Growth Rate

2.4%

Previous: 4.6%-47.8%
Capital Expenditures

-$5.81M

Previous: -$3.23M-79.8%
Net Income

-$10.7M

Previous: -$3.9M-174.1%
Operating Income

-$13.8M

Previous: $41.4M-133.4%

Revenue & EPS history

Veris Residentia · Revenue · Quarterly

$67.8M

Q1 2025+0.6%vs Q1 2024
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

Veris Residentia · $72.5M total across 3 segments · Q1 2020

  • Revenue from leases
    $65.5M
  • Parking income
    $5.27M
  • Other income
    $1.72M

Forward guidance

REIT outlook centers on occupancy, rent growth, and refinancing costs.

Tailwinds

  • Contractual rent escalators and leasing momentum.
  • Balance-sheet extensions lower near-term maturities.

Headwinds

  • Interest rates affect cap rates and FFO.
  • Tenant demand varies by property type and market.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-0.6%

Avg return

Earnings day

-0.3%

Avg return

5 days after

+0.3%

Avg return

30 days after

41%

28 / 68 earnings

Positive

+12.4%

Q4 2025

Best reaction

-9.9%

Q4 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.1%+0.2%+0.4%
Q4 2025+12.4%+12.4%+12.9%
Q3 2025+0.2%-0.9%+1.6%
Q2 2025+0.5%+0.8%+4.9%
Q1 2025-2.2%-4.6%-9.3%
Q4 2024+1.4%+5.8%+4.4%
Q3 2024-1.8%-1.5%+9.1%
Q2 2024-0.7%+1.3%+7.1%
Q1 2024-4.1%-4.2%-1.3%
Q4 2023-4.5%-5.8%-4.9%
Q3 2023-8.6%-14.0%-12.5%
Q2 2023+10.4%+14.1%+12.6%
Q1 2023+3.9%+5.1%+3.5%
Q4 2022+1.5%+1.0%-14.3%
Q3 2022-2.9%-3.9%+3.2%
Q2 2022-1.0%+3.2%-0.2%
Q1 2022+0.1%-9.2%+1.6%
Q4 2021-0.6%-1.7%-0.9%
Q3 2021+3.7%+4.8%-7.4%
Q2 2021+1.7%-1.9%+0.7%
Q1 2021+0.1%-0.2%+7.3%
Q4 2020-9.9%-8.1%+4.4%
Q3 2020-6.8%+15.0%+27.0%
Q2 2020-7.1%-7.0%-12.2%
Q1 2020+5.1%+2.2%+21.0%
Q4 2019-4.9%-3.6%-30.6%
Q3 2019-3.0%+1.0%-3.1%
Q2 2019-0.4%-0.8%-6.5%
Q1 2019-1.4%+1.5%-2.4%
Q4 2018+2.8%+0.3%+3.6%
Q3 2018-1.0%-0.1%+6.1%
Q2 2018-1.9%-1.3%+12.2%
Q1 2018+3.9%+5.6%+12.7%
Q4 2017-8.4%-2.8%-12.6%
Q3 2017-6.4%-1.2%-6.7%
Q2 2017-6.2%-5.8%-11.3%
Q1 2017+0.0%-1.6%-0.1%
Q4 2016-0.0%-0.6%-8.7%
Q3 2016-1.7%-5.2%-0.2%
Q2 2016-0.4%-1.4%-0.6%
Q1 2016+3.8%
Q4 2015+4.3%
Q3 2015+0.1%
Q2 2015+4.9%
Q1 2015+2.2%
Q4 2014-1.8%
Q3 2014-3.6%
Q2 2014+0.1%
Q1 2014-0.5%
Q4 2013+0.0%
Q3 2013-0.4%
Q2 2013-1.0%
Q1 2013-1.3%
Q4 2012-1.2%
Q3 2012-4.4%
Q2 2012-4.4%
Q1 2012-1.7%
Q4 2011-2.5%
Q3 2011+4.5%
Q2 2011-0.4%
Q1 2010-0.5%
Q1 2011-1.6%
Q4 2008+1.8%
Q4 2010+1.8%
Q3 2009+0.8%
Q3 2010+0.8%
Q2 2010-0.6%
Q2 2009-0.6%

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