Veris Residential : Corporate Presentation

Published: 2025-06-02 10:18:05 ET VRE

Published on 06/02/2025 at 10:18

Corporate Presentation

JUNE 2 , 2025

Our Vision

To continuously innovate and transform residential living by creating exceptional spaces where residents thrive and feel truly at home, while positively impacting the communities we serve.

Our Mission

To deliver comprehensive residential solutions that blend luxury, energy efficiency and thoughtful design. Through our commitment to excellence in development and management, we create lasting value for our residents while fostering vibrant, connected communities.

Veris At-A-Glance

211 7,4911

10 Years

3.2%

$333,664

93.9%2,3

4.4%4

12.9%

The Metropolitan at 40 Park, which sold in April, comprised 130 units. As of March 31, 2025, Veris had 22 residential buildings and 7,621 apartment units.

Average as of May 22, 2025.

95.4% excluding Liberty Towers.

Blended net rental growth rate YTD through May 22 was 3.0%.

Strong Start to 2025

HIGHLIGHTS

$60 million of non-strategic asset sales YTD

In April, the Company purchased its partners' 15% stake in the Jersey City Urby, consolidating the JV, assuming management and rebranding the property to Sable

Ǫ1

Core FFO per Diluted Share

$0.16

Same Store Revenue Growth

2.4%

Same Store Expense Growth

0.8%

Same Store NOI Growth

3.2%

Same Store Blended Net Rental Growth Rate

2.4%

Asset Sales YTD

$60M

Net Debt Reduction YOY for 1Ǫ25 vs 1Ǫ24

$71M

Disclaimer

Veris Residential Inc. published this content on June 02, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 02, 2025 at 14:17 UTC.