investors.verisresidential.comVeris Residential, Inc. (VRE)

Find your home VIEW AVAILABILITY Investors Contact Us Properties NeighborhoodsEmbrace Careers Sustainability IN THE KNOW News & Events Leadership Investors Contact Ready to apply Apply FIND US fb linkedin ig Veris Residential Properties NeighborhoodsEmbrace Careers Sustainability Investor Relations Keep up to Date and Stay Informed Sign up for email alerts to receive company updates including press releases, filings and special announcements straight to your inbox. Sign up Today We’re sorry , but this form has spam protection that requires JavaScript to be enabled to work correctly. If you’d like to contact us via this form, please enable scripts in d management team and Board of Directors and is underpinned by leading corporate governance principles, a best-in-class and sustainable approach to operations, and an inclusive culture based on equality and meritocratic empowerment. Properties, People, Planet Veris Residential promotes meaningful connections with its communities by sustaining a lifestyle centered around shared values. EMBRACE by Veris Residential formalizes our efforts towards diversity, equity & inclusion, philanthropy, and sustainability efforts. Embrace Our Values Stock Information Veris Residential, Inc. View Detailed Stock Information Veris Residential, Inc. at a Glance 7,622 Same Store units in our portfolio 94.1% Same Store occupancy 8 Average Asset Age (Year) As of March 31, 2024 · Q1 2024 Earnings Release Veris Residential Key Financial Metrics We continue to cultivate sustainable communities across the Northeast. Key Financial Metrics Metric Q1 2024 Q4 2023 Net Income / (Loss) per Diluted Share ($0.04) ($0.06) Core FFO Per Diluted Share 1 $0.14 $0.12 Weighted Average - Diluted Shares 2 100,967,737 100,936,000 Total Equity $1.5 billion $1.6 billion Total Debt $1.9 billion $1.9 billion Total Capitalization $3.4 billion $3.5 billion Debt-to-Undepreciated Assets 51.7% 48.0% Interest Coverage Ratio 1.5x 1.5x Net Debt $1.7 billion $1.8 billion TTM EBITDA 142,543 151,201 TTM Net Debt to EBITDA 12.0x 11.9x Key Portfolio Statistics Metric Q1 2024 Q4 2023 Multifamily Portfolio Operating Units 7,622 7,622 % Physical Occupancy 94.1% 94.4% Blended Rental Growth Rate 4.6% 6.1% Average Rent per Home $3,899 $3,855 Notes For complete information regarding our financials, see our periodic filings . View reconciliation 1 See "Information About FFO, Core FFO, AFFO, NOI, Adjusted EBITDA & EBITDAre" in the latest Supplemental Operating and Financial Data. FFO is calculated in accordance with the definition of the National Association of Real Estate Investment Trusts (Nareit). Interest Coverage Ratio is calculated as Adjusted EBITDA divided by interest expense. 2 Includes any outstanding preferred units presented on a converted basis into common units, noncontrolling interests in consolidated joint ventures and redeemable noncontrolling interests. 3 Harborside 5 is the only in-service office property remaining as of October 24, 2023. 3 Cash Rental Rate Roll-Up is the change in starting rent for applicable signed lease transactions in the period compared to the last month’s rent for the prior space leased. GAAP Rental Rate Roll-Up is the change in average monthly rent for applicable signed lease transactions in the period compared to the average monthly rent for the prior space leased.Same Store Multifamily Occupancy 2021 2022 2023 2024 Incredible Spaces, Inspired Locations Multifamily Portfolio Our multifamily portfolio features stunning, sustainable spaces crafted to make a meaningful difference. Our connected locations, exceptional service and luxurious living spaces create a community you want to call home. Explore our multifamily portfolio Other Properties Our remaining portfolio features properties made for the new age of work-life balance and wellness. Just minutes away from nearly every transit option and neighborhood parks and residential areas, our commercial locations are perfect for a hybrid-work environment. Explore our other properties IR Contacts Company Veris Residential, Inc. Harborside 3, 210 Hudson St. Ste. 400 Jersey City, NJ 07311 Investor Relations Anna Malhari Chief Operating Officer investors@verisresidential.com Transfer Agent Computershare Trust Company, N.A. P.O. Box 43006 Providence, RI 02940-3006 T: 800.317.4445 Email Alerts Contacts RSS News Feed Our company Our PromiseSustainability Embrace Leadership Careers fb linkedin ig Our communities Properties Neighborhoods Our residents Current Residents Lease an Apartment Resident Login Connect with us News & Events Investors Contact Us fb linkedin ig Are you looking to contact us? Click here. ©2024 Veris | Veris Residential 210 Hudson Street Suite 400 Jersey City NJ 07311 P 732.590.1010 | Privacy & Cookies Policy | Web Terms of Use | Do Not Sell My Information | Accessibility Accessibility icon House icon Market Data copyright © 2024 QuoteMedia . Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). RT =Real-Time, EOD =End of Day, PD =Previous Day. Market Data powered by QuoteMedia . Terms of Use...