Mack-Cali Realty/$VRE

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About Mack-Cali Realty

Veris Residential Inc is a fully-integrated, self-administered and self-managed real estate investment trust (REIT). The company owns and operates a real estate portfolio comprised predominantly of multifamily rental properties located mainly in the Northeast and Class A office properties. The company performs substantially all real estate management, leasing, acquisition and development on an in-house basis. The properties are in three states in the Northeast, plus the District of Columbia. The company operates in two industry segments multifamily real estate & services and commercial & other real estate. The majority of revenue is from Multifamily real estate services.

Ticker

$VRE

Primary listing

NYSE

Employees

188

Mack-Cali Realty Metrics

BasicAdvanced
$1.5B
-
-$0.26
1.22
$0.31
2.01%

Bulls say / Bears say

Year-to-date, completed $448 million in non-strategic asset sales ($268 million closed, $180 million under contract), accelerating balance sheet de-leveraging toward a Net Debt/EBITDA goal of about 10.0x by the end of 2025 (PR Newswire)
Achieved 5.6% year-over-year same-store NOI growth and 4.7% blended net rental growth in Q2 2025, raising operating margins to 67.4% year-to-date and underscoring solid portfolio performance (PR Newswire)
Obtained an amendment to its revolver and term loan facility, cutting borrowing costs by 55 basis points, reducing cost of capital, and boosting free cash flow (PR Newswire)
Net debt to EBITDA remains high at about 10.0x as of Q2 2025, putting the company at risk if refinancing becomes more expensive due to rising interest rates (PR Newswire)
Core FFO per diluted share fell year-over-year from $0.18 in Q2 2024 to $0.17 in Q2 2025, while Core AFFO per share dropped from $0.21 to $0.19, showing a modest decline in underlying earnings (PR Newswire)
Same-store occupancy declined slightly from 94.0% in Q1 2025 to 93.9% in Q2 2025, pointing to a possible decrease in leasing demand in core Northeast markets (PR Newswire)
Data summarised monthly by Lightyear AI. Last updated on 4 Sept 2025.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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