Veris Residential, Inc. · NYSE:VRE
Veris Residential — Investor Presentation (November 2025)
13 slides from Veris Residential's investor presentation, Nov 12, 2025
Slide 1: Corporate Presentation November 12, 2025
Corporate Presentation NOVEMBER 12, 2025
Slide 2: Forward-Looking Statements
CORPORATE PRESENTATION, NOVEMBER 12, 2025 | 2 THIS OPERATING AND FINANCIAL DATA SHOULD BE READ IN CONNECTION W I T H O U R Q U A RT E R LY R E P O RT O N F O R M 10-Q F O R T H E Q U A RT E R E N D E D SEPTEMBER 30, 2025. Statements made in this presentation may be forward-looking statements within
Slide 3: Veris At-A-Glance
Veris At-A-Glance CORPORATE PRESENTATION, NOVEMBER 12, 2025 | 3 94.7% OCCUPANCY RATE 1 $481,057 3.9% AVERAGE HOUSEHOLD INCOME PER UNIT Q3 B L E N D E D N E T RENTAL GROWTH RATE 10 Years 6,581 AVERAGE AGE OF PROPERTY APARTMENT UNITS 1.6% 17 RESIDENTIAL BUILDINGS 10.1% AV E R A G E R E N T-TO-I N C O
Slide 4: 2025 Financial & Operating Performance
CORPORATE PRESENTATION, NOVEMBER 12, 2025 | 4 2025 Financial & Operating Performance • Year-over-year Same Store Blended Net Rental Growth Rate of 3.9% for the quarter and 3.5% YTD. • $467M of non-strategic asset sales to date, with an additional $75M under contract for Harborside 8/9. • Raised uppe
Slide 5: 2025 Guidance
CORPORATE PRESENTATION, NOVEMBER 12, 2025 | 5 2025 Guidance 2025 Guidance Ranges Low High Low High Same Store Revenue Growth 2.2% 2.7% 2.2% 2.7% Same Store Expense Growth 2.4% 2.8% 2.4% 2.8% Same Store NOI Growth 2.0% 2.8% 2.0% 2.8% Core FFO per Share $0.67 $0.68 $0.63 $0.64 Core FFO per Share Growt
Slide 6: Significant Progress in Non-Strategic Asset Dispositions
With $542M of non-strategic assets sold or under contract this year, we have exceeded the high-end of our target for non-strategic asset dispositions. $38M $45M $61M $146M $268M $385M $467M January 24 Sold 65 Livingston Roseland, NJ $7M April 21 Sold The Metropolitan at 40 Park Morristown, NJ Sold P
Slide 7: Significantly strengthened balance sheet, reducing Net Debt-to-EBITDA
Significantly strengthened balance sheet, reducing Net Debt-to-EBITDA (Normalized) by 15% YTD to 10.0x— And anticipate a reduction to approximately 9.0x following the sale of Harborside 8/9 and around 8.0x upon achievement of our $650 million sales target by year-end 2026. CORPORATE PRESENTATION, NO
Slide 8: Our ~$110 Million Land Bank
Owned Land Under Contract CORPORATE PRESENTATION, NOVEMBER 12, 2025 | 8 Land Bank Potential HARBORSIDE 8 Jersey City, NJ 2,174 Units FOR POTENTIAL DEVELOPMENT AT SHARE 1,277 Units NJ WATERFRONT 737 Units MASSACHUSETTS 1633 LITTLETON Parsippany, NJ UPTON PARCEL Short Hills, NJ OVERLOOK 1 Revere, MA O
Slide 9: Q3 2025 Components of Net Asset Value
CORPORATE PRESENTATION, NOVEMBER 12, 2025 | 9 Q3 2025 Components of Net Asset Value REAL ESTATE PORTFOLIO Total At Share Operating Multifamily NOI1 New Jersey Waterfront $168,828 $147,807 Massachusetts 20,264 20,264 Other 15,324 9,587 Total Multifamily NOI2 $204,416 $177,658 Commercial NOI3 4,240 3,
Slide 10: Multifamily Peer Benchmarking
CORPORATE PRESENTATION, NOVEMBER 12, 2025 | 10 Multifamily Peer Benchmarking OPERATIONAL METRICS, Q3 2025 Number of Properties 17 286 174 254 312 293 186 Number of Units1 6,581 78,103 56,156 49,203 75,950 96,568 54,915 Same Store NOI Growth YOY 1.6% 2.1% 0.4% 3.0% 2.0% (1.7%) 2.5% NOI Margin (Quarte
Slide 11: Property Directory
CORPORATE PRESENTATION, NOVEMBER 12, 2025 | 11 Property Directory BLVD 401 401 Washington Blvd. Jersey City, NJ 07310 BLVD 425 425 Washington Blvd. Jersey City, NJ 07310 BLVD 475 475 Washington Blvd. Jersey City, NJ 07310 THE CAPSTONE AT PORT IMPERIAL 17 Avenue at Port Imperial West New York, NJ 070
Slide 12: Definitions
CORPORATE PRESENTATION, NOVEMBER 12, 2025 | 12 Definitions AV E R A G E E F F E CT I V E M O N T H LY R E N T P E R H O M E represents the average effective rent (net of concessions) for in-place leases and the market rent for vacant homes. BLENDED NET RENTAL GROWTH RATE combines new lease and renew
Slide 13: Thank You
Thank You
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