NYSE$VRE

Veris Residentia · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

Veris Residential reported Q4 2025 earnings release and supplemental financial data.

Veris Residential (VRE) issued Q4 2025 results with supplemental data for its multifamily portfolio. The REIT focuses on Class A apartments primarily in the Northeast.

  • Multifamily REIT Q4 operating metrics released.
  • Supplement includes same-store NOI and FFO.
  • Portfolio concentrated in urban Northeast markets.

Headline financials

Total Revenue

$71.3M

Previous: $68.1M+4.7%
EPS (adj)

$0.19

Previous: -$0.13+246.2%
Core FFO

$19.9M

Previous: $11.3M+77.2%
Core FFO per Diluted Share

$0.19

Previous: $0.11+72.7%
Same Store Occupancy

94.4%

Previous: 93.7%+0.7%
Average Revenue per Home

$4.25K

Previous: $4.17K+2.0%
Net Debt to EBITDA (Normalized)

9

No prior period
Same Store NOI Growth

5.9%

Previous: 0.0%
Blended Net Rental Growth Rate

2.5%

Previous: -0.8%+412.5%
Net Income

-$498K

Previous: -$14M+96.4%
Operating Income

$12.5M

Previous: $7.81M+60.2%

Revenue & EPS history

Veris Residentia · Revenue · Quarterly

$71.3M

Q4 2025+4.7%vs Q4 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

2026 FFO and same-store growth outlook in supplemental package.

Tailwinds

  • High-quality urban apartment assets.
  • Potential NAV recovery as rates stabilize.

Headwinds

  • Office-to-residential conversion execution risk.
  • Rent growth sensitivity to employment trends.
  • Higher interest expense on floating debt.

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 Q4 2025

Historical avgQ4 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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