Veris Residential Inc (NYSE:VRE)

$ 16.73 -0.25 (-1.47%) Market Cap: 1.55 Bil Enterprise Value: 3.25 Bil PE Ratio: 0 PB Ratio: 1.37 GF Score: 63/100

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Q2 2022 Veris Residential Inc Earnings Call Transcript

Aug 04, 2022 / 12:30PM GMT

Release Date Price: $14.1 (+5.30%)

Transcript 8-K10-Q

Operator

Good day, everyone, and welcome to Veris Residential Second Quarter 2022 Earnings Conference Call. Today's call is being recorded. I would like to remind everyone that certain information on this call may constitute forward-looking statements within the meaning of the federal securities laws, 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, annual and quarter reports filed in the SEC for risk factors that impact the company.

With that, I would like to hand you over to Mahbod Nia, Veris Residential's Chief Executive Officer. Please go ahead.

Mahbod Nia

Veris Residential, Inc. - CEO & Director

Good morning, and welcome to our second quarter 2022 earnings call. I'm joined by our CFO, Amanda Lombard. We are pleased to announce another solid quarter during which our multifamily portfolio again posted sector-leading rental and NOI growth while maintaining occupancy at around 97%.

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