VRE - Mergers and acquisitions

JERSEY CITY, N.J., May 27, 2026 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE, ", Veris", or the ", Company", )), a Northeast-focused, Class A multifamily real estate investment trust (REIT), today announced that an investor consortium led by Affinius Capital ("Affinius") in partnership with Vista Hill Partners ("Vista Hill", and together with Affinius, the "Investor Consortium") has completed the previously announced acquisition of all of the outstanding shares of common stock of Veris for $19.00 per share in an all-cash transaction representing an implied enterprise value of approximately $3.5 billion. With the completion of the transaction, the Company's common stock has ceased tradin

JERSEY CITY, N.J., March 4, 2026 /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 first quarter 2026 in the amount of $0.08 for the period ending March 31, 2026. The dividend will be paid on April 10, 2026, to shareholders of record as of March 31, 2026. About Veris Residential, Inc.Veris Residential, Inc. is a forward-thinking real estate investment trust (REIT) t

JERSEY CITY, N.J., Feb. 23, 2026 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE) (the "Company"), a forward-thinking, Northeast-focused, Class A multifamily REIT, today reported results for the fourth quarter and full year 2025. Three Months Ended December 31,Twelve Months Ended December 31,2025202420252024Net Income (loss) per Diluted Share$0.00$(0.13)$0.80$(0.25)Core FFO per Diluted Share$0.19$0.11$0.72$0.60Core AFFO per Diluted Share$0.19$0.13$0.74$0.71Dividend per Diluted Share$0.08$0.08$0.32$0.26FOURTH QUARTER AND FULL YEAR 2025 HIGHLIGHTSIncreased annual Core FFO per sh

JERSEY CITY, N.J., Jan. 26, 2026 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE) (the "Company"), a forward-thinking, Northeast-focused, Class A multifamily REIT, today announced the tax treatment of its 2025 Distributions. The Company's total distributions of $0.32 per share of common stock (CUSIP #554489104) are 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 12/31/2024

Proceeds Will Reduce Net Debt-to-EBITDA to approximately 9.0x Transaction Expected to Be Accretive by Approximately $0.04 per Share to Core FFO JERSEY CITY, N.J., Dec. 9, 2025 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE), (the "Company"), a forward-thinking, Northeast-focused, Class A multifamily REIT, today announced that it has sold its 4.2-acre Harborside 8/9 land parcel in Jersey City, New Jersey, for $75 million. Net proceeds are estimated to be approximately $69 million, which the Company intends to use to further reduce debt, improving Net Debt-to-EBITDA (Normaliz

JERSEY CITY, N.J., Nov. 5, 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 fourth quarter 2025 in the amount of $0.08 for the period ending December 31, 2025. The dividend will be paid on January 9, 2026, to shareholders of record as of December 31, 2025. About Veris Residential, Inc. Veris Residential, Inc. is a forward-thinking real estate investment trus

Achieves GRESB's Highest U.S. Listed Residential Multifamily Score in 2024 and Third-Highest Score Globally Increases Share of Green-Certified (LEED or Equivalent) Properties to 79% of Managed Multifamily Portfolio Secures Sustainability-Linked Financing with 5-Basis-Point Margin Reduction JERSEY CITY, N.J., Sept. 22, 2025 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE) ("Veris Residential" or the "Company"), a forward-thinking, Northeast-focused, Class A multifamily REIT, released its 2024 Sustainability Report, demonstrating how strategic sustainability investments continue to generate measurable returns while strengthening the Company's competitive position in the multifamily market.

JERSEY CITY, N.J., Aug. 25, 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 third quarter 2025 in the amount of $0.08 for the period ending September 30, 2025. The dividend will be paid on October 10, 2025, to shareholders of record as of September 30, 2025. About Veris Residential, Inc. Veris Residential, Inc. is a forward-thinking real estate investment t

Enters into Amended Credit Facility Completes Sale of Signature Place Resulting in $80 Million Term Loan Reduction JERSEY CITY, N.J., July 10, 2025 /PRNewswire/ -- Veris Residential, Inc. ("Veris Residential" or the "Company") (NYSE:VRE), a forward-thinking, Northeast-focused, Class A multifamily REIT, today announced the amendment of its $500 million credit facility established in April 2024. The transaction reflects Veris Residential's continued progress in advancing its 2025 corporate plan to sell non-strategic assets and reduce leverage. It also supports the Company's multi-year balance sheet strategy, reducing borrowing costs and positioning Veris Residential to reduce Net Debt to EBITD

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 considera

Rebrands 762-Unit, Class A Waterfront Property to Sable JERSEY CITY, N.J., April 22, 2025 /PRNewswire/ -- Veris Residential, Inc. ("Veris Residential" or the "Company") (NYSE:VRE), a forward-thinking, Northeast-focused, Class A multifamily REIT, and Urby, a design-forward, hospitality-driven multifamily development brand, today announced that Veris Residential has acquired Ironstate Holdings' ("Ironstate") 15% stake in Jersey City Urby, a 762-unit, Class A multifamily property located on the Jersey City Waterfront, for $38.5 million, excluding transaction costs but including consideration for the termination of Urby's management contract and the annual tax credit.

JERSEY CITY, N.J., Feb. 27, 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 first quarter 2025 in the amount of $0.08 for the period ending March 31, 2025. The dividend will be paid on April 10, 2025, to shareholders of record as of March 31, 2025. The timing and amount of future dividends is subject to approval by the Board of Directors, taking into consid

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/

JERSEY CITY, N.J., Nov. 13, 2024 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE) ("Veris Residential" or the "Company"), a forward-thinking, environmentally and socially conscious multifamily REIT, today announced that the Company's Board of Directors has declared a cash dividend on its common stock for the fourth quarter 2024 in the amount of $0.08 for the period ending December 31, 2024. The dividend will be paid on January 10, 2025, to shareholders of record as of December 31, 2024. The timing and amount of future dividends is subject to approval by the Board of Director

JERSEY CITY, N.J., Aug. 5, 2024 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE) ("Veris Residential" or the "Company"), a forward-thinking, environmentally and socially conscious REIT that primarily owns, operates, acquires and develops Class A multifamily properties, today announced that the Company's Board of Directors has declared a cash dividend on its common stock for the third quarter 2024 in the amount of $0.07 for the period ending September 30, 2024, representing an increase of 7% from the prior dividend. The dividend will be paid on October 16, 2024 to shareholders of record as of September 30, 2024.

Explores the Integration of ESG Considerations into Business Decision-Making for the Benefit of All Stakeholders CAMBRIDGE, Mass. and JERSEY CITY, N.J., May 8, 2024 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE) (the "Company"), a forward-thinking, environmentally and socially conscious real estate investment trust (REIT) that primarily owns, operates, acquires and develops Class A multifamily properties, today announced details from CEO Mahbod Nia's recent lecture at Massachusetts Institute of Technology's Center for Real Estate ("MIT/CRE"), one of the world's foremost institutes for the study of real estate and technology.

JERSEY CITY, N.J., May 6, 2024 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE) ("Veris Residential" or the "Company"), a forward-thinking, environmentally and socially conscious REIT that primarily owns, operates, acquires and develops Class A multifamily properties, today announced that the Company's Board of Directors has declared a cash dividend on its common stock for the second quarter 2024 in the amount of $0.06 for the period ending June 30, 2024. The dividend will be paid on July 16, 2024 to shareholders of record as of July 3, 2024. The dividend increase reflects t

JERSEY CITY, N.J., Feb. 29, 2024 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE) ("Veris Residential" or the "Company"), a forward-thinking, environmentally and socially conscious REIT that primarily owns, operates, acquires and develops Class A multifamily properties, today announced that the Company`s Board of Directors has declared a cash dividend on its common stock for the first quarter 2024 in the amount of $0.0525 for the period ending March 31, 2024. The dividend will be paid on April 16, 2024 to shareholders of record as of April 3, 2024. The timing and amount of f

JERSEY CITY, N.J., Jan. 22, 2024 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE) ("Veris Residential" or the "Company"), a forward-thinking, environmentally and socially conscious REIT that primarily owns, operates, acquires and develops Class A multifamily properties, today announced the tax treatment of its 2023 Distributions. The Company's total distribution of $0.05 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

JERSEY CITY, N.J., Dec. 18, 2023 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE) ("Veris Residential" or the "Company"), a forward-thinking, environmentally and socially conscious REIT that primarily owns, operates, acquires and develops Class A multifamily properties, today announced that the Company`s Board of Directors has declared a cash dividend on its common stock for the fourth quarter 2023 in the amount of $0.0525, an increase of 5.0% on the previously announced dividend, for the period ending December 31, 2023. The dividend will be paid on January 10, 2024 to shareholders of record as of December 29, 2023.

Earns Leader in the Light and Diversity, Equity and Inclusion Recognition Awards from Nareit Named Global Listed and Regional Sector Leader and Achieves Second Consecutive 5 Star Rating in 2023 GRESB Real Estate Assessment, Ranking #2 of 115 Publicly Listed Companies in the Americas  Receives Best Corporate Steward: Small and Middle-Market Business Award from the United States Chamber of Commerce Foundation JERSEY CITY, N.J., Nov. 16, 2023 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE) ("Veris Residential" or the "Company"), a forward-thinking, environmentally and socially conscious REIT that primarily owns, operates, acquires and develops Class A multifamily properties, today announced

Transaction Marks Pivotal Point for Veris Residential and Cements Company's Position as a Pure-Play Multifamily REIT Rockpoint's Preferred Equity Interest Redeemed for $520 Million BOSTON and JERSEY CITY, N.J., July 26, 2023 /PRNewswire/ -- Veris Residential, Inc. ("Veris Residential") (NYSE:VRE), a forward-thinking, environmentally and socially conscious REIT that primarily owns, operates, acquires and develops Class A multifamily properties, and Rockpoint, a Boston-based real estate investment management firm, today announced that the companies have completed a transaction in which Veris Residential has purchased and redeemed the preferred units and certain other ownership interests from R

Veris Residential becomes the first company in the world to achieve the WELL designation across portfolio, demonstrating its deep commitment to support a thriving, inclusive workplace and community JERSEY CITY, N.J. and NEW YORK, July 12, 2023 /PRNewswire/ -- International WELL Building Institute ("IWBI"), the global authority for driving market transformation through healthy buildings, organizations and communities, and Veris Residential, Inc. (NYSE:VRE) (the "Company"), a forward-thinking, environmentally- and socially-conscious REIT that primarily owns, operates, acquires and develops Class A multifamily properties, today announced that Veris Residential has become the first company globa

JERSEY CITY, N.J., April 5, 2023 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE) (the "Company), a forward-thinking, environmentally- and socially-conscious real estate investment trust (REIT) that primarily owns, operates, acquires, and develops Class A multifamily properties, today announced the completion of its $420 million sale of Harborside 1, 2, and 3 ("Harborside 1/2/3"), Class A office buildings in Jersey City, New Jersey, releasing approximately $360 million of net proceeds. "The sale of Harborside 1/2/3 represents a significant milestone and a critical step in th

750-Unit State-of-the-Art Jersey City Waterfront High-Rise Achieves Milestone Three Months Ahead of Schedule JERSEY CITY, N.J., Feb. 22, 2023 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE) (the "Company"), a forward-thinking, environmentally- and socially-conscious real estate investment trust (REIT) that primarily owns, operates, acquires, and develops Class A multifamily properties, today announced that it has stabilized Haus25, a 750-unit luxury apartment tower located in downtown Jersey City. Haus25 received strong demand from renters with nearly 150 leases signed duri

Board Provides Update on Discussions with Kushner Companies and Other Indications of Acquisition Interest from Institutional Operators and Investors Kushner Companies Leaves Fully Negotiated Non-Disclosure Agreement on the Table Board Remains Open to Evaluating All Credible Proposals to Maximize Shareholder Value JERSEY CITY, N.J., Jan. 18, 2023 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE) (the "Company"), a forward-thinking, environmentally- and socially-conscious real estate investment trust (REIT) that primarily owns, operates, acquires, and develops Class A multifamily properties, today issued the following statement from its Board of Directors (the "Board") detailing a path to un

CAMBRIDGE, Mass. and JERSEY CITY, N.J., Jan. 18, 2023 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE) (the "Company"), a forward-thinking, environmentally- and socially-conscious real estate investment trust (REIT) that primarily owns, operates, acquires, and develops Class A multifamily properties, today announced that it has formed a strategic partnership with Massachusetts Institute of Technology's Center for Real Estate ("MIT/CRE") — one of the world's foremost institutes for the study of real estate and technology. As a Strategic Partner, Veris Residential will work closely with MIT/CRE to research, develop, and implement innovative solutions for advancing and optimizing multifamily

Releases Letter to Kushner Companies in the Spirit of Transparency and to Ensure All Veris Residential Shareholders Have Equal Access to Important Information Regarding the Company Board Unanimously Concluded that Kushner Companies' Increased Unsolicited Acquisition Proposals Failed to Compensate Shareholders for the Intrinsic Value of Their Shares and Lacked Certainty of Financing Sources Board Remains Open to Evaluating Any Proposals to Enhance Shareholder Value JERSEY CITY, N.J., Dec. 12, 2022 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE) (the "Company"), a forward-thinking, environmentally- and socially-conscious real estate investment trust (REIT) that primarily owns, operates, a

Highlights Achievements in Support of Becoming a More Sustainable, Responsible and Inclusive Owner, Operator and Developer JERSEY CITY, N.J., Dec. 7, 2022 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE) (the "Company"), a forward-thinking, environmentally- and socially-conscious real estate investment trust (REIT) that primarily owns, operates, acquires, and develops Class A multifamily properties, today celebrates the one-year anniversary of its rebranding—an effort undertaken to align the Company's brand with its corporate values, multifamily-focused strategic direction, and objective of generating long-term value for shareholders while meeting the sustainability-conscious lifestyle pre

Board is Open to Evaluating All Credibly Financed Proposals That Maximize Value for Shareholders JERSEY CITY, N.J., Nov. 3, 2022 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE) (the "Company"), a forward-thinking, environmentally- and socially-conscious real estate investment trust (REIT) that primarily owns, operates, acquires, and develops Class A multifamily properties, today announced that its Board of Directors (the "Board") has unanimously rejected Kushner Companies' unsolicited proposals to acquire the Company for $16.00 per share or to externally manage the Company. The Board evaluated Kushner Companies' proposals – in consultation with its finan

Achievements Demonstrate Veris Residential's Ongoing Commitment to Advancing ESG at Both the Local and Global Level JERSEY CITY, N.J., Oct. 25, 2022 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE), a forward-thinking, environmentally- and socially-conscious REIT that primarily owns, operates, acquires, and develops Class A multifamily properties, today announced that Chief Operating Officer Anna Malhari has joined New Jersey Governor Phil Murphy's Clean Buildings Working Group ("Working Group"). The Working Group is a collaboration between the Governor's Office of Climate Action and the Green Economy (OCAGE) and the New Jersey Board of Public Utilities (BPU).

JERSEY CITY, N.J., Oct. 21, 2022 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE) (the "Company"), a forward-thinking, environmentally- and socially-conscious real estate investment trust (REIT) that primarily owns, operates, acquires, and develops Class A multifamily properties, today confirmed receipt of unsolicited proposals from Kushner Companies to externally manage the Company or to acquire the Company for $16.00 per share. Veris Residential's Board of Directors (the "Board") is evaluating Kushner Companies' latest proposals – in consultation with its financial and leg

Mark Significant Milestones on Path to Becoming a Pure-Play Multifamily REIT JERSEY CITY, N.J., Oct. 10, 2022 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE), a forward-thinking, environmentally- and socially-conscious REIT that primarily owns, operates, acquires, and develops Class A multifamily properties, today announced that it has entered into a binding agreement to sell Harborside 1, 2, and 3 ("Harborside 1/2/3") for an aggregate price of $420 million (subject to closing adjustments for several ongoing construction projects) and completed its sale of 101 Hudson Street for $346 million. Following the close of Harborside 1/2/3 and pro-forma for the stabilization of Haus25 (currently

Takes Main Stage on September 22 to Join Panel Discussion on a Brand's Role in the Shift to Sustainable Choices for Businesses and Consumers JERSEY CITY, N.J., Sept. 19, 2022 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE), a forward-thinking, environmentally- and socially-conscious REIT that primarily owns, operates, acquires, and develops Class A multifamily properties, today announced that Anna Malhari, Chief Operating Officer and Head of the Company's ESG Task Force, will take Main Stage at The Nest Summit Campus during Climate Week NYC to discuss "A Brand's Role in the Shift to Sustainable Choices for Businesses & Consumers: Living and Thinking Differently." The panel will be held on

Seeks to Raise $100,000 to Help Fund Care for Children with Cancer, Aid for their Families, and Ongoing Research Peloton Instructor Kirsten Ferguson to Lead Walk/Run Participants in Warm-Up Stretch JERSEY CITY, N.J., Sept. 19, 2022 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE), a forward-thinking, environmentally- and socially-conscious REIT that primarily owns, operates, acquires, and develops Class A multifamily properties, today announced its lead sponsor role in the St. Jude Children's Research Hospital® ("St. Jude") Walk/Run 5K to be held on Saturday, September 24, 2022, at MetLife Stadium in East Rutherford, N.J.

Achieves Top ISS ESG QualityScore Rating for Environmental and Social Disclosures ~40% of Wholly-Owned Multifamily Portfolio is Green Certified (LEED® or equivalent) JERSEY CITY, N.J., July 28, 2022 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE), a forward-thinking, environmentally- and socially-conscious REIT that primarily owns, operates, acquires, and develops Class A multifamily properties, today announced that it has further advanced its mission of being a responsible, sustainable, inclusive, and equitable member of the built environment while continuing to generate long-term value for shareholders.

Jeff Turkanis Named Chief Investment Officer Taryn Fielder Named General Counsel JERSEY CITY, N.J., March 31, 2022 /PRNewswire/ -- Veris Residential, Inc. (NYSE:VRE), a forward-thinking, environmentally- and socially-conscious REIT that primarily owns, operates, acquires, and develops Class A multifamily properties, today announced two executive appointments designed to further support the company's transition into a pure-play multifamily REIT and drive long-term shareholder value. Jeff Turkanis, former Head of U.S. Residential at Oxford Properties Group, has been appointed Ch