Veris Residential Q4 2023 FFO $0.12 Beats $0.11 Estimate, Sales $72.92M Beat $71.98M Estimate
Portfolio Pulse from Benzinga Newsdesk
Veris Residential (NYSE:VRE) reported Q4 2023 FFO of $0.12 per share, surpassing the $0.11 estimate, with sales of $72.92M exceeding the $71.98M forecast. This represents a 15.41% decrease in sales compared to the same period last year.

February 21, 2024 | 9:36 pm
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Veris Residential reported higher-than-expected Q4 2023 FFO and sales, beating estimates but with a year-on-year sales decline.
Beating both FFO and sales estimates typically generates positive investor sentiment, likely leading to a short-term uptick in stock price. However, the significant year-on-year sales decline may temper investor enthusiasm, suggesting a cautious optimism.
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