Veris Residential (VRE) Sees Accelerated Q2 NOI Growth, Lifts Forecast

Veris Residential, Inc. (NYSE:VRE) is one of the best residential REITs to buy. On July 23, VRE released its Q2 2025 results, showcasing improved efficiency and headway on strategic plans.

In Q2 2025, Veris saw a 5.6% boost in same-store NOI, which pushed year-to-date growth to 4.4%. This happened because the company experienced revenue growth while also cutting same-store costs by 3.4%. The company kept its occupancy rate high at 93.9% and saw a 4.7% increase in rent growth in Q2 this year. VRE rents to wealthy residents, with an average household income of $445,334 per unit and a rent-to-income ratio of 10.6%.

A portfolio of multifamily properties in a city skyline, emphasizing the size and scale of the company’s real estate investments.

So far, the company has sold or signed contracts to sell around $448 million worth of its non-core assets, in a bid to improve its finances by disposing of properties that are not part of its long-term plans.

Veris Residential, Inc. (NYSE:VRE) is actively pursuing its balance sheet optimization strategy by lowering borrowing costs and deleveraging through asset sales. In April, it amended its $500 million credit facility, achieving a 55-basis-point cost reduction and enhanced asset-level flexibility.

Veris raised its 2025 outlook and is now expecting core FFO per share to fall between $0.63 and $0.64, slightly better than the earlier estimate. They also raised their same-store NOI growth forecast to 2.0% – 2.8%, given stronger operations and better revenue performance.

Veris Residential, Inc. (NYSE:VRE) is a real estate investment trust specializing in the ownership, operation, and development of high-quality Class A multifamily properties across the Northeast.

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