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
$1.4B
22.28
$0.68
1.36
$0.32
2.12%

Bulls say / Bears say

Veris Residential delivered Q2 2025 FFO of $0.17 per share, beating consensus by 21.4%, demonstrating strong operational execution (Nasdaq).
The company closed $268 million in non-strategic asset sales year-to-date, boosting liquidity to $181 million and supporting its de-leveraging strategy (PR Newswire).
Management raised 2025 same-store revenue growth guidance to 2.2%–2.7% and same-store NOI growth to 2.0%–2.8%, underscoring confidence in continued operational momentum (PR Newswire).
Stock is down 10.1% year-to-date through September 25, 2025, underperforming broader REIT indices and reflecting investor concerns about growth prospects (CNBC).
Core FFO per share for Q2 2025 declined year-over-year to $0.17 from $0.18, indicating a slowdown in FFO growth despite the recent beat (Nasdaq).
Net debt stood at $1.8 billion as of June 30, 2025, with an interest coverage ratio of just 1.7×, leaving the REIT exposed to refinancing risk amid rising interest rates (PR Newswire).
Data summarised monthly by Lightyear AI. Last updated on 5 Oct 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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