Veris Residential, Inc. (VRE) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Greetings and welcome to the Veris Residential Inc. Second Quarter 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question and answer session will follow the formal presentation. Should anyone require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Taryn Fielder, General Counsel. Thank you. You may begin. Good morning, everyone, and welcome to Veris Residential's second quarter 2025 earnings conference call. I would like to remind everyone that certain information discussed on this call may constitute forward-looking statements within the meaning of the federal securities law. Although we believe the estimates reflected in these statements are based on reasonable assumptions, we cannot give assurance that the anticipated results will be achieved. We refer you to the company's press release and annual and quarterly reports filed with the SEC for risk factors that impact the company. With that, I would like to hand the call over to Mahbub Nia, Veris Residential's Chief Executive Officer, who is joined by Ana Milhari, Chief Operating Officer, and Amanda Lombard, Chief Financial Officer. Mahbub. Thank you, Taryn, and good morning, everyone. I'll begin today's call by providing details on our quarterly results, yesterday's performance, and key dynamics of our markets. We're turning to Anna to update you on our operating performance and Amanda to provide details on our financial performance and outlook. The second quarter marked another period of solid operational and financial results for Veris, including 17 cents of core FFO and 5.6% same-store NOI growth. We also made significant pro...