Latest news with #VerisResidential
Business Insider
2 days ago
- Business
- Business Insider
Evercore ISI Sticks to Their Hold Rating for Veris Residential (VRE)
In a report released yesterday, Steve Sakwa from Evercore ISI maintained a Hold rating on Veris Residential (VRE – Research Report), with a price target of $17.50. The company's shares closed yesterday at $15.17. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Sakwa is a 2-star analyst with an average return of 0.5% and a 51.07% success rate. Sakwa covers the Real Estate sector, focusing on stocks such as Paramount Group, Eastgroup Properties, and Rexford Industrial Realty. Veris Residential has an analyst consensus of Moderate Buy, with a price target consensus of $19.83.
Yahoo
28-05-2025
- Business
- Yahoo
Veris Residential Declares Second Quarter 2025 Cash Dividend
JERSEY CITY, N.J., May 28, 2025 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE) ("Veris Residential" or the "Company"), a forward-thinking, Northeast-focused, Class A multifamily REIT, today announced that the Company's Board of Directors has declared a cash dividend on its common stock for the second quarter 2025 in the amount of $0.08 for the period ending June 30, 2025. The dividend will be paid on July 10, 2025, to shareholders of record as of June 30, 2025. The timing and amount of future dividends is subject to approval by the Board of Directors, taking into consideration multiple factors including but not limited to the Company's AFFO and actual cash flows from operations, its estimate of taxable income and related distribution requirements, as well as any capital requirements. About Veris Residential, Inc. Veris Residential, Inc. is a forward-thinking real estate investment trust (REIT) that primarily owns, operates, acquires and develops premier Class A multifamily properties in the Northeast. Our technology-enabled, vertically integrated operating platform delivers a contemporary living experience aligned with residents' preferences while positively impacting the communities we serve. We are guided by an experienced management team and Board of Directors, underpinned by leading corporate governance principles; a best-in-class approach to operations; and an inclusive culture based on meritocratic empowerment. For additional information on Veris Residential, Inc. and our properties available for lease, please visit Contact InvestorsMackenzie RiceDirector, Investor Relationsinvestors@ Media Amanda Shpiner/Grace CartwrightGasthalter & Co.212-257-4170veris-residential@ View original content to download multimedia: SOURCE Veris Residential, Inc.
Yahoo
28-05-2025
- Business
- Yahoo
Veris Residential Declares Second Quarter 2025 Cash Dividend
JERSEY CITY, N.J., May 28, 2025 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE) ("Veris Residential" or the "Company"), a forward-thinking, Northeast-focused, Class A multifamily REIT, today announced that the Company's Board of Directors has declared a cash dividend on its common stock for the second quarter 2025 in the amount of $0.08 for the period ending June 30, 2025. The dividend will be paid on July 10, 2025, to shareholders of record as of June 30, 2025. The timing and amount of future dividends is subject to approval by the Board of Directors, taking into consideration multiple factors including but not limited to the Company's AFFO and actual cash flows from operations, its estimate of taxable income and related distribution requirements, as well as any capital requirements. About Veris Residential, Inc. Veris Residential, Inc. is a forward-thinking real estate investment trust (REIT) that primarily owns, operates, acquires and develops premier Class A multifamily properties in the Northeast. Our technology-enabled, vertically integrated operating platform delivers a contemporary living experience aligned with residents' preferences while positively impacting the communities we serve. We are guided by an experienced management team and Board of Directors, underpinned by leading corporate governance principles; a best-in-class approach to operations; and an inclusive culture based on meritocratic empowerment. For additional information on Veris Residential, Inc. and our properties available for lease, please visit Contact InvestorsMackenzie RiceDirector, Investor Relationsinvestors@ Media Amanda Shpiner/Grace CartwrightGasthalter & Co.212-257-4170veris-residential@ View original content to download multimedia: SOURCE Veris Residential, Inc.
Yahoo
22-04-2025
- Business
- Yahoo
Veris Is Buying the Whole Tower--And Betting Big on Jersey City's Luxury Boom
Veris Residential (NYSE:VRE) is closing in on full ownership of one of Jersey City's crown jewelsan upscale waterfront apartment tower at 200 Greene Street. The company is set to buy out the remaining minority stake in the Jersey City Urby building in a deal valuing the property at around $430 million, according to a source familiar with the matter. Veris already owns 85% of the asset and is now taking steps to consolidate its position in one of the most sought-after rental markets in the country. Warning! GuruFocus has detected 5 Warning Signs with VRE. This isn't just about a bigger piece of the pieit's about controlling the whole bakery. The Urby tower isn't your average multifamily play. It's a short walk from the PATH train into NYC, boasts a yoga studio, pool, dog park, EV chargers, and a cafe in the lobby. Rents here aren't cheap eitheraveraging $2,200 for a two-bedroom, roughly 10% higher than the national average. In short, it's prime real estate, purpose-built for urban professionals who value both lifestyle and location. Newmark brokers Adam Spies and Adam Doneger advised on the transaction, which now gives Veris a runway to capture 100% of the income, upside, and strategic control. As Jersey City's luxury housing market continues to outpace expectations, Veris is positioning itself at the center of that growth. This deal isn't just another real estate buyoutit's a calculated move to double down on cash-flowing core assets in a high-demand corridor, with long-term returns firmly in sight. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
18-02-2025
- Business
- Yahoo
Veris Residential Announces Tax Treatment of 2024 Distributions
JERSEY CITY, N.J., Feb. 18, 2025 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE) ("Veris Residential" or the "Company"), a forward-thinking multifamily REIT, today announced the tax treatment of its 2024 Distributions. The Company's total distributions of $0.235 per share of common stock (CUSIP #554489104) is to be classified for income tax purposes as follows: RECORD PAYMENT CASH DISTRIBUTIONS TAXABLE TOTAL UNRECAPTURED SECTION RETURN OF CAPITAL DATE DATE PER SHARE ORDINARY DIVIDENDS CAPITAL GAIN SECTION 1250 GAIN 199A DIVIDENDS DISTRIBUTIONS 12/29/2023 1/10/2024 $0.053 $0.000 $0.000 $0.000 $0.000 $0.053 4/3/2024 4/16/2024 $0.053 $0.000 $0.000 $0.000 $0.000 $0.053 7/3/2024 7/16/2024 $0.060 $0.000 $0.000 $0.000 $0.000 $0.060 6/30/2024 10/16/2024 $0.070 $0.000 $0.000 $0.000 $0.000 $0.070 TOTALS $0.235 $0.000 $0.000 $0.000 $0.000 $0.235 Shareholders are encouraged to consult with their tax advisors as to the specific tax treatment of Veris Residential, Inc. distributions. About Veris Residential, Inc. Veris Residential, Inc. is a forward-thinking real estate investment trust (REIT) that primarily owns, operates, acquires and develops premier Class A multifamily properties in the Northeast. Our technology-enabled, vertically integrated operating platform delivers a contemporary living experience aligned with residents' preferences while positively impacting the communities we serve. We are guided by an experienced management team and Board of Directors, underpinned by leading corporate governance principles; a best-in-class approach to operations; and an inclusive culture based on meritocratic empowerment. For additional information on Veris Residential, Inc. and our properties available for lease, please visit InvestorsMackenzie RiceDirector of Investor Relations investors@ Media Amanda Shpiner/Grace CartwrightGasthalter & Co.212-257-4170veris-residential@ View original content to download multimedia: SOURCE Veris Residential, Inc.
