Steve Sakwa

Eric Wolfe

Jana Galan

John Pawlowski

Tom Catherwood

Anthony Paolone

David Segall

Michael Lewis

Nick Kerr

William Catherwood

- Veris Residential released its **2024 Sustainability Report** on **September 22, 2025**, highlighting how strategic sustainability investments are generating measurable returns and strengthening its competitive position.  **[924901_20250922NY80039:0]** 
- The company achieved **GRESB's highest U.S. listed residential multifamily score in 2024** and a third-consecutive 5 Star Rating, with **79%** of its managed multifamily portfolio now green-certified.  **[924901_20250922NY80039:0]** 
- Veris Residential secured sustainability-linked financing with a **5-basis-point margin reduction** and has reduced Scope 1 & 2 emissions by **58%** below 2019 levels.  **[924901_20250922NY80039:0]** 
- This report is the first to reflect almost exclusively its multifamily portfolio performance, following the divestiture of its office portfolio in March 2024.  **[924901_20250922NY80039:0]**

Veris Residential Releases 2024 Sustainability Report

- Veris Residential reported strong Q2 2025 financial and operating performance, including a year-over-year Same Store NOI growth of **5.6%** for the quarter and **4.4%** year to date, and an increased operating margin of **67.5%**.  **[924901_0001104659-25-086008_tm2524770d1_ex99-1.htm:2]** 
- The company secured an amendment to its credit facility, leading to an immediate **55-basis-point interest rate reduction** and paid off a **$200 million Term Loan** using asset sale proceeds subsequent to the quarter end.  **[924901_0001104659-25-086008_tm2524770d1_ex99-1.htm:2]** **[924901_0001104659-25-086008_tm2524770d1_ex99-1.htm:3]** 
- Veris Residential has sold or has under binding contract **$448 million of non-strategic assets** this year, significantly reducing leverage and targeting a Net Debt-to-EBITDA (Normalized) of approximately **10.0x by year-end 2025** and below **9.0x by year-end 2026**.  **[924901_0001104659-25-086008_tm2524770d1_ex99-1.htm:2]** **[924901_0001104659-25-086008_tm2524770d1_ex99-1.htm:3]** 
- The company provided revised 2025 guidance, with Core FFO per Share projected to be between **$0.63 and $0.64**, representing a growth of **5.0% to 6.7%**.  **[924901_0001104659-25-086008_tm2524770d1_ex99-1.htm:2]**

Veris Residential Reports Strong Q2 2025 Performance and Revised 2025 Guidance

Veris Residential (VRE)