VRE / Veris Residential: Likely To Decline Further

Veris Residential, Inc. (NYSE:VRE ) Q3 2023 Earnings Conference Call October 26, 2023 8:30 AM ET Company Participants Taryn Fielder - General Counsel more_horizontal

JERSEY CITY, N.J. , Oct. 13, 2023 /PRNewswire/ -- Veris Residential, Inc. ("Veris Residential") (NYSE: VRE), a forward-thinking, environmentally and s more_horizontal

Veris (VRE) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agr more_horizontal

Veris Residential is a now multifamily REIT which has been implementing a strategy to sell off their office and hotel properties for a few years. The more_horizontal

Call and Webcast to be Held at 8:30 a.m. Easter Time on Thursday, July 27  JERSEY CITY, N.J. more_horizontal

Veris Residential (VRE) came out with quarterly funds from operations (FFO) of $0.16 per share, beating the Zacks Consensus Estimate of $0.09 per shar more_horizontal

Veris Residential, Inc. (NYSE:VRE ) Q1 2023 Earnings Conference Call April 27, 2023 9:00 AM ET Company Participants Taryn Fielder - General Counsel, S more_horizontal

The company has almost $600 million in maturities for 2024 with EBITDA of just $145 million. There is an expected FFO drop in 2023 from $0.89 to $0.44 more_horizontal