Veris Residential Showcases Financial Performance and Growth Strategy in Latest Corporate Presentation
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Veris Residential Inc. presented its financial performance for Q3 2025, reporting a 94.7% occupancy rate across 17 buildings with 6,581 units. The average rent-to-income ratio was 10.1%, and net rental growth was 3.9%. Year-to-date net operating income grew by 1.6%. The company executed $467 million in asset sales, raising its target to $650 million. Its net debt-to-EBITDA ratio is 12.6x, expected to reach 8.0x by 2026. Veris also has a land bank valued at $110 million for potential development of 2,174 units.
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