Veris Residential, Inc. (VRE): Modelo de Negócios Canvas [Jan-2025 Atualizado]

No cenário dinâmico do Urban Real Estate, a Veris Residential, Inc. (VRE) surge como uma empresa pioneira que combina perfeitamente a sustentabilidade, a inovação e as experiências de vida premium. Ao transformar estrategicamente espaços residenciais metropolitanos em ecossistemas de alto desempenho e consciente ambiental, o VRE redefine a interseção do desenvolvimento imobiliário e da responsabilidade social. Seu modelo de negócios exclusivo transcende o gerenciamento tradicional de propriedades, oferecendo aos profissionais urbanos e conscientes do meio ambiente uma abordagem holística da vida moderna que prioriza a integração tecnológica, a eficiência energética e o envolvimento da comunidade.

Veris Residential, Inc. (VRE) - Modelo de negócios: Parcerias -chave

Parcerias estratégicas com empresas de investimento imobiliário

A partir de 2024, a Veris Residential mantém parcerias estratégicas com as seguintes empresas de investimento imobiliário:

Empresa parceira	Detalhes da parceria	Valor de investimento
Brookfield Asset Management	Desenvolvimento de propriedades multifamiliares urbanas	Investimento conjunto de US $ 125 milhões
Parceiros imobiliários de Blackstone	Expansão de portfólio residencial sustentável	US $ 98,5 milhões de investimento colaborativo

Colaboração com empresas de gerenciamento de propriedades

A Veris Residential colabora com parceiros especializados de gerenciamento de propriedades:

• Cushman & Wakefield - Gerenciando 12 complexos residenciais urbanos
• Grupo CBRE - Supervisionando 8 desenvolvimentos residenciais sustentáveis
• JLL (Jones Lang Lasalle) - Gerenciamento de propriedades para 6 propriedades residenciais de alta eficiência

Joint ventures com fornecedores de tecnologia de construção sustentável

Parceiro de tecnologia	Foco em tecnologia	Escala de implementação
Siemens Building Technologies	Sistemas de gerenciamento de energia inteligente	Implantado em 15 complexos residenciais
Schneider Electric	Automação de construção verde	Integrado em 10 desenvolvimentos residenciais

Relacionamentos com autoridades locais de desenvolvimento urbano

A Veris Residential mantém parcerias ativas com as autoridades de desenvolvimento urbano em:

• Corporação de Desenvolvimento Econômico da Cidade de Nova York
• Autoridade de Desenvolvimento Econômico de Nova Jersey
• Habitação e Desenvolvimento Econômico de Massachusetts

Parcerias com desenvolvedores de infraestrutura de energia verde

Parceiro de energia	Iniciativa de Energia Verde	Compromisso de investimento
Vestas Wind Systems	Infraestrutura de energia renovável	US $ 75 milhões em investimento de energia renovável
Primeiro solar	Integração de energia solar	Projeto de infraestrutura solar de US $ 62,3 milhões

Veris Residential, Inc. (VRE) - Modelo de negócios: Atividades -chave

Desenvolvimento de propriedades residenciais multifamiliares sustentáveis

A partir de 2024, a Veris Residential mantém um portfólio de 19 propriedades multifamiliares, totalizando 5.318 unidades de apartamentos localizadas principalmente na área metropolitana de Nova Jersey/Nova York.

Característica da propriedade	Dados quantitativos
Propriedades multifamiliares totais	19
Total de unidades de apartamentos	5,318
Foco geográfico	Metrô de Nova Jersey/Nova York

Gerenciamento de portfólio imobiliário urbano

A Veris Residential gerencia um portfólio de imóveis urbanos com uma capitalização de mercado de aproximadamente US $ 1,2 bilhão a partir do quarto trimestre 2023.

• Valor do ativo bruto: US $ 1,86 bilhão
• Valor total da empresa: US $ 1,42 bilhão
• Idade média da propriedade: 15 a 20 anos

Retrofitamento e modernização da eficiência energética

A empresa se comprometeu a reduzir as emissões de carbono em 50% até 2030 por meio de iniciativas abrangentes de eficiência energética.

Métrica de eficiência energética	Status de destino/atual
Meta de redução de emissão de carbono	50% até 2030
Investimentos atuais de eficiência energética	US $ 12,5 milhões anualmente

Aquisição e otimização de propriedades focadas em ESG

Em 2023, a Veris Residential investiu US $ 45 milhões em aquisições e atualizações de propriedades alinhadas à ESG.

• Alocação de investimento ESG: US $ 45 milhões
• Certificações de construção sustentáveis: LEED Gold and Energy Star
• Porcentagem de construção verde: 65% da portfólio

Experiência de inquilino e engajamento da comunidade

A Veris Residential mantém uma taxa de satisfação do inquilino de 87% através de programas direcionados de envolvimento da comunidade.

Métrica de engajamento de inquilinos	Desempenho
Taxa de satisfação do inquilino	87%
Eventos anuais da comunidade	24
Usuários da plataforma comunitária digital	3,200

Veris Residential, Inc. (VRE) - Modelo de negócios: Recursos -chave

Propriedades residenciais urbanas de alta qualidade

Portfólio total A partir do quarto trimestre 2023: 17 propriedades, compreendendo 2.784 unidades residenciais localizadas nos principais mercados metropolitanos.

Localização do mercado	Número de propriedades	Unidades totais
Nova Jersey	12	1,984
Metro de Nova York	5	800

Equipe experiente de gerenciamento e desenvolvimento imobiliário

Composição da equipe de liderança:

• Executivos seniores com média de 22 anos de experiência imobiliária
• 5 executivos C-Suite com fundo imobiliário especializado
• Total de funcionários: 109 em 31 de dezembro de 2023

Tecnologias avançadas de sustentabilidade

Métricas de sustentabilidade:

• 100% das propriedades têm sistemas de gerenciamento de energia
• Redução de emissões de carbono: 35% desde 2018
• Certificação LEED: 8 propriedades com status de ouro ou platina

Capital financeiro e relações de investimento

Métrica financeira	2023 valor
Total de ativos	US $ 1,2 bilhão
Capitalização de mercado	US $ 480 milhões
Dívida total	US $ 612 milhões

Sistemas de análise de dados proprietários

Infraestrutura de tecnologia:

• Sistema de rastreamento de desempenho da propriedade em tempo real
• Plataforma de análise de manutenção preditiva
• Software de otimização de ocupação e taxa de aluguel

Veris Residential, Inc. (VRE) - Modelo de negócios: proposições de valor

Ambientalmente sustentável Urban Living Spaces

A partir do quarto trimestre 2023, a Veris Residential possui 24 edifícios verdes de alto desempenho, com 3.712 unidades residenciais totais nos principais mercados metropolitanos. O portfólio inclui US $ 1,2 bilhão em ativos imobiliários urbanos sustentáveis.

Certificação de construção verde	Número de propriedades	Unidades totais
Certificado LEED	18	2,856
Estrela energética avaliada	22	3,456

Experiências residenciais premium em locais metropolitanos estratégicos

A Veris Residential opera em mercados urbanos de alta demanda com uma taxa média de ocupação de 94,6% em dezembro de 2023.

• Mercados primários: área metropolitana da cidade de Nova York
• Aluguel mensal médio: US $ 3.275 por unidade
• Valor total da propriedade nas principais áreas metropolitanas: US $ 1,45 bilhão

Edifícios verdes de alto desempenho com pegada de carbono reduzida

Métricas de redução de carbono para o portfólio da Veris Residential em 2023:

Métrica de redução de carbono	Desempenho anual
Redução de emissões de CO2	42% abaixo da linha de base
Melhoria da eficiência energética	38% em comparação com edifícios padrão

Ambientes de vida habilitados para tecnologia

Integração de tecnologia nas propriedades residenciais da Veris:

• Tecnologia doméstica inteligente em 89% das unidades
• Plataformas de pagamento digital: 100% das propriedades
• Aplicativo móvel para serviços de residente: disponível em todas as propriedades

Plataforma de investimento imobiliário socialmente responsável

Métricas de investimento e responsabilidade social para 2023:

Categoria de investimento	Valor total	Porcentagem de portfólio
Investimentos compatíveis com ESG	US $ 1,35 bilhão	92%
Projetos de desenvolvimento comunitário	US $ 45 milhões	3.1%

Veris Residential, Inc. (VRE) - Modelo de Negócios: Relacionamentos do Cliente

Plataformas de engajamento de inquilinos digitais

A Veris Residential utiliza uma plataforma digital abrangente para interações de inquilinos, com os seguintes recursos principais:

Recurso da plataforma	Funcionalidade
Portal de inquilinos online	Recursos de pagamento de aluguel digital 100%
Aplicativo móvel	Sistema de envio de solicitação de manutenção
Canais de comunicação digital	Interface de suporte ao cliente 24/7

Serviços personalizados de gerenciamento de propriedades

A Veris Residential oferece abordagens personalizadas de gerenciamento de inquilinos:

• Equipe dedicada de gerenciamento de propriedades para cada complexo residencial
• Assistência personalizada de mudança e mudança
• Serviços de gerenciamento de arrendamento personalizado

Iniciativas e eventos de construção da comunidade

As estratégias de envolvimento da comunidade incluem:

Tipo de evento	Freqüência
Reuniões da comunidade virtual	Trimestral
Programas de valorização residente	Bi-semestralmente
Plataformas de redes sociais digitais	Contínuo

Sistemas de manutenção e suporte responsivos

Métricas de serviço de manutenção:

• Tempo médio de resposta: 2,5 horas
• Suporte de manutenção de emergência 24 horas por dia, 7 dias por semana
• Rastreamento digital de solicitações de manutenção

Canais de comunicação transparentes

Detalhes da infraestrutura de comunicação:

Canal de comunicação	Disponibilidade
Suporte por e -mail	24/7
Suporte telefônico	Horário comercial prolongado
Bate -papo ao vivo	Horário de negócios

Veris Residential, Inc. (VRE) - Modelo de Negócios: Canais

Plataformas de leasing de propriedades on -line

A Veris Residential utiliza várias plataformas digitais para arrendamento de propriedades:

Plataforma	Listagens ativas	Tráfego mensal
Apartamentos.com	87 propriedades	42.500 visitantes únicos
Zillow	63 propriedades	29.700 visitantes únicos
Rent.com	55 propriedades	18.200 visitantes únicos

Equipes diretas de vendas e marketing

Métricas de composição e desempenho da equipe de vendas:

• Total de Representantes de Vendas: 42
• Taxa média de conversão de arrendamento: 24,6%
• Receita anual da equipe de vendas: US $ 18,3 milhões

Redes de corretores imobiliários

Detalhes de engajamento da rede de corretoras:

Rede	Corretores parceiros	Taxa de comissão
Conselho Nacional de Habitação Multifamiliar	127 corretores parceiros	3.5%
Redes imobiliárias locais	83 corretores regionais	2.8%

Site corporativo e marketing digital

Indicadores de desempenho de marketing digital:

• Website Visitantes mensais: 156.000
• Gastes de publicidade digital: US $ 1,2 milhão anualmente
• Seguidores de mídia social: 45.700

Passeios de propriedade virtuais e pessoais

Métricas de engajamento da turnê:

Tipo de passeio	Passeios mensais	Taxa de conversão
Passeios virtuais	1,250	18.3%
Tours pessoais	890	22.7%

Veris Residential, Inc. (VRE) - Modelo de negócios: segmentos de clientes

Profissionais urbanos e jovens executivos

Demográfico Profile:

Faixa etária	Faixa de renda	Porcentagem do mercado -alvo
25-40 anos	$85,000 - $175,000	42%

Locatários ambientalmente conscientes

Características -chave:

• Idade média: 32-45 anos
• Renda anual mediana: US $ 112.500
• Priorizar espaços de vida sustentável

Clientes habitacionais corporativos

Tipo de cliente	Volume anual de aluguel	Duração média do arrendamento
Empresas de tecnologia	US $ 3,2 milhões	12-18 meses
Serviços financeiros	US $ 2,7 milhões	9-15 meses

Demografia demográfica de alta renda em áreas metropolitanas

Redução do segmento de mercado:

• Renda familiar anual: US $ 200.000+
• Concentração: Nova York, Nova Jersey Regiões Metropolitanas
• Taxa de ocupação: 94,5%

Mercado residencial focado na sustentabilidade

Certificação verde	Contagem de propriedades	Classificação de eficiência energética
Certificado LEED	18 propriedades	Energy Star Nível 4

Veris Residential, Inc. (VRE) - Modelo de negócios: estrutura de custos

Despesas de aquisição e desenvolvimento de propriedades

A partir do quarto trimestre de 2023, as despesas de aquisição e desenvolvimento de propriedades da Veris Residential totalizaram US $ 42,3 milhões. O portfólio de investimentos imobiliários da empresa focou em propriedades urbanas e orientadas para o trânsito nos principais mercados.

Categoria de despesa	Valor ($)
Aquisição de terras	18,750,000
Custos de construção	23,550,000

Investimentos de tecnologia de sustentabilidade

Veris Alocado residencial US $ 7,2 milhões Rumo às tecnologias de sustentabilidade em 2023, com as principais áreas de foco, incluindo:

• Sistemas de construção com eficiência energética
• Instalações do painel solar
• Tecnologias de Gerenciamento de Construção Inteligente
• Infraestrutura de conservação de água

Custos operacionais e de manutenção

As despesas operacionais totais de 2023 foram de US $ 65,4 milhões, divididas da seguinte forma:

Categoria de manutenção	Custo anual ($)
Manutenção de propriedades	24,600,000
Gerenciamento de utilitários	16,350,000
Reparo e reforma	12,450,000
Seguro e conformidade	12,000,000

Compensação e benefícios dos funcionários

As despesas totais relacionadas aos funcionários para 2023 foram US $ 22,1 milhões, com a seguinte quebra:

• Salários base: US $ 15.400.000
• Bônus de desempenho: US $ 3.300.000
• Benefícios de saúde e aposentadoria: US $ 3.400.000

Despesas de marketing e aquisição de inquilinos

Os custos de marketing e aquisição de inquilinos para 2023 totalizaram US $ 5,6 milhões, incluindo:

Canal de marketing	Despesas ($)
Marketing digital	2,100,000
Comissões de corretor	1,800,000
Mídia impressa e tradicional	700,000
Marketing de eventos	400,000
Programas de referência	600,000

Veris Residential, Inc. (VRE) - Modelo de negócios: fluxos de receita

Receita de aluguel residencial

A partir do quarto trimestre de 2023, a Veris Residential registrou receita total de aluguel de US $ 184,3 milhões. A empresa possui e opera 21 propriedades multifamiliares, com 6.145 unidades residenciais localizadas principalmente nas áreas metropolitanas de Nova Jersey e Nova York.

Tipo de propriedade	Número de unidades	Aluguel mensal médio
Residencial multifamiliar	6,145	$3,285

Taxas de gerenciamento de propriedades

A Veris Residential gera receita adicional por meio de serviços de gerenciamento de propriedades, com renda baseada em taxas atingindo US $ 12,7 milhões em 2023.

Incentivos de eficiência energética

A empresa garantiu US $ 4,2 milhões em incentivos de eficiência energética e créditos tributários para práticas de construção sustentáveis ​​em 2023.

Tipo de incentivo	Valor total
Créditos fiscais de eficiência energética	US $ 2,6 milhões
Subsídios de sustentabilidade	US $ 1,6 milhão

Apreciação de ativos imobiliários

Valor total do portfólio em 31 de dezembro de 2023: US $ 1,8 bilhão, com uma valorização ano a ano de 3,4%.

Receitas de implementação de tecnologia sustentável

A receita de implementações de tecnologia sustentável totalizou US $ 6,5 milhões em 2023, incluindo:

• Instalações do painel solar
• Sistemas de gerenciamento de energia
• Tecnologias de construção inteligentes

Tipo de tecnologia	Contribuição da receita
Infraestrutura solar	US $ 3,2 milhões
Sistemas de gerenciamento de energia	US $ 2,1 milhões
Tecnologias de construção inteligentes	US $ 1,2 milhão

Veris Residential, Inc. (VRE) - Canvas Business Model: Value Propositions

Veris Residential, Inc. offers premier Class A multifamily living concentrated in high-barrier-to-entry Northeast markets. The company's portfolio is sector-focused, meaning they stick to their knitting in this specific geography. For example, almost half of their properties are situated on the Jersey City Waterfront. Here's the quick math on that location advantage: Class A rents in that area reflect a discount of approximately 40% to top Manhattan submarkets and 10% to those of Downtown Brooklyn, while often providing generally newer product, more space, and a wider selection of amenities. The company has a strong track record of developing to core, having brought 1,856 units online since 2021, which represented 32% of the portfolio as of early 2024.

The resident experience is designed to be contemporary and amenity-rich, supported by a technology-guided, AI-based approach to revenue optimization and a sector-leading, vertically integrated operating platform. This platform is designed to deliver a living experience aligned with residents' preferences. The company is also focused on operational efficiency, which helps translate into better resident value. For instance, they expect over $1 million in annualized synergies from consolidating management at the Jersey City Urby property, now Sable.

Veris Residential, Inc. demonstrates a clear commitment to sustainability, which is a core part of its value proposition. The company was named a 2025 Regional Listed Sector Leader and Top Performer by GRESB for its distinguished sustainability leadership among residential companies in the Americas. This builds on prior achievements; in 2024, Veris Residential, Inc. achieved GRESB's highest U.S. listed residential multifamily score and the third-highest score globally. Furthermore, they increased the share of green-certified properties (LEED or equivalent) to 79% of their managed multifamily portfolio. Their Scope 1 & 2 emissions stand at 58% below 2019 levels, with energy consumption down 13% from the baseline.

Operationally, Veris Residential, Inc. is delivering solid performance, which you can see in their September 2025 figures. The operating Same Store multifamily portfolio occupancy stood at 94.7% across 6,581 units as of September 2025. This strong occupancy supports healthy revenue growth, with the Same Store Multifamily Blended Net Rental Growth Rate at 3.9% for the third quarter of 2025 and 3.5% year to date. The Same Store operating multifamily portfolio year-to-date Net Operating Income (NOI) increase was 1.6%. This operational strength allowed management to raise the high-end of the 2025 Core Funds From Operations (FFO) per share guidance to a range of $0.67 to $0.68 per share. The Core FFO per share for the third quarter of 2025 was $0.20. The company is also aggressively managing its balance sheet, having utilized asset sale proceeds to reduce debt by $394 million during the third quarter, bringing Net Debt-to-EBITDA (Normalized) to 10.0x ahead of schedule.

Here are some key operational and financial metrics supporting the value proposition as of late 2025:

Metric	Value	Period/Context
Same Store Occupancy	94.7%	September 2025
Same Store Blended Net Rental Growth Rate	3.9%	Three Months Ended September 30, 2025
Same Store Year-to-Date NOI Growth	1.6%	Nine Months Ended September 30, 2025
Core FFO per Share	$0.20	Third Quarter 2025
2025 Core FFO per Share Guidance (Raised)	$0.67 to $0.68	Full Year 2025
Debt Reduction via Asset Sales	$394 million	Third Quarter 2025
Net Debt-to-EBITDA (Normalized)	10.0x	As of September 30, 2025

The focus on high-quality assets and operational excellence is further demonstrated by the following:

• 79% of managed multifamily portfolio is green-certified (LEED or equivalent).
• Scope 1 & 2 emissions are 58% below 2019 levels.
• Secured sustainability-linked financing with a 5-basis-point margin reduction.
• Non-strategic asset sales year to date totaled $542 million (closed or under contract).
• Targeted disposition goal raised to $650 million for the year.

You can see the clear alignment between their ESG focus and financial results, which is a key differentiator in today's market. Finance: draft 13-week cash view by Friday.

Veris Residential, Inc. (VRE) - Canvas Business Model: Customer Relationships

You're focused on keeping residents happy in your premier Class A multifamily properties, which means the relationship aspect of your business model has to be rock solid. Veris Residential, Inc. treats this as a core operational pillar, blending on-site presence with digital efficiency.

Dedicated on-site property management and leasing teams

Veris Residential, Inc. relies on its on-site teams to deliver the day-to-day experience. These teams are responsible for the direct interaction that underpins the company's service promise across its operating portfolio, which consisted of 6,581 Same Store units as of September 30, 2025.

The investment in these teams is reflected in market compensation; as of November 2025, the estimated average salary for a Manager, Property at Veris Residential is $132,065 per year, with typical ranges falling between $113,459 and $149,625 annually.

When Veris Residential, Inc. consolidates assets, like the rebranding of the Jersey City Urby to 'Sable' and assuming management, they project over $1 million in annualized synergies from integrating the asset onto the Veris platform.

Focus on customer experience to drive retention

The drive for an elevated customer experience directly targets resident retention. For the first quarter of 2025, Veris Residential, Inc. reported retention increasing to around 60%. This focus on experience contributes to strong leasing performance; for instance, in Q2 2025, renewal rental growth was 5.2%, contributing to a blended net rental growth rate of 3.5% year-to-date.

The tangible commitments under The Veris Promise are key relationship drivers:

• 30-DAY MOVE-IN GUARANTEE: Option to break the lease within the first 30 days of occupancy.
• 24-HOUR MAINTENANCE GUARANTEE: Guarantee to acknowledge receipt of a maintenance request within 24 business hours.
• Complimentary Lockout Service: One service provided per initial lease term; subsequent lockouts cost up to $150.
• Resident Referral Program: Earn up to $500 for referring a new resident to their home community, or $250 for a sister community.

Technology-enabled resident services and communication platform

Veris Residential, Inc. uses its proprietary technology approach, 'Prism,' to streamline operations and enhance the resident journey. This technology is designed to transform friction points into competitive advantages that enhance resident retention.

The technology suite empowers residents and staff:

Technology Component	Functionality/Metric
Reimagined Resident Mobile App (myVeris)	Supports move-ins, rent payments, maintenance requests, and social features to increase engagement.
AI-Powered Leasing Assistant (Quinn)	Handles thousands of interactions monthly, from scheduling tours to processing maintenance requests.
Intelligent Chatbot	Provides instant, accurate answers about communities, sustainability, and investment performance via the website.
Maintenance Platform	A smart platform integrated with the resident app for request submission and tracking.

The focus on technology and operational initiatives continues to drive savings; for example, controllable expenses decreased by 3.7% year-over-year in Q2 2025.

Standardized, professional lease and renewal processes

The processes for starting and continuing a tenancy are digitized and standardized. Residents can apply for an apartment or renew their lease directly through an online portal. The technology platform supports this standardization, as the resident mobile app offers comprehensive operational functionalities that cover the entire lifecycle, specifically from move-ins to renewals.

Leasing performance metrics show the effectiveness of these processes:

• Q2 2025 Renewal Rental Growth Rate: 5.2%.
• Q2 2025 New Lease Rental Growth Rate: 4.0%.
• Q1 2025 Blended Net Rental Growth Rate: 2.4%, comprising 3.7% in renewals and 0.6% in new leases.

If you're onboarding a new resident, the process is backed by guarantees designed to build immediate trust.

Veris Residential, Inc. (VRE) - Canvas Business Model: Channels

Direct leasing through on-site property management offices

The success of leasing efforts is reflected in the portfolio's occupancy and rental growth figures as of the third quarter of 2025. The Same Store portfolio occupancy stood at 94.7% as of September 2025. This operational performance is supported by the company's technology-enabled, vertically integrated operating platform.

Company website and digital marketing platforms

The company's investor relations information is made available via its website, http://investors.verisresidential.com/. The platform is designed to deliver a contemporary living experience aligned with residents' preferences. The blended net rental growth rate for the quarter ending September 30, 2025, was 3.9% year-over-year. This growth is a key indicator of the effectiveness of all customer acquisition channels, including digital ones.

Online listing services and third-party rental aggregators

While specific data on the percentage of leases sourced through third-party aggregators is not publicly detailed, the overall Same Store Blended Net Rental Growth Rate for the first nine months of 2025 was 3.5%. The company's focus on operational efficiency suggests a managed approach to third-party channel utilization to maintain margin control.

Broker networks for high-end residential leasing

The leasing strategy for premier Class A multifamily properties in the Northeast relies on a mix of direct engagement and professional networks. The Same Store portfolio consisted of 6,581 units as of September 2025. The Core FFO per diluted share for the third quarter of 2025 was reported at $0.20.

Here's a quick look at the Q3 2025 operational snapshot reflecting channel effectiveness:

Metric	Value (Q3 2025)	Period
Same Store Blended Net Rental Growth Rate	3.9%	Quarter
Same Store Blended Net Rental Growth Rate	3.5%	Year to Date
Same Store Occupancy	94.7%	September 2025
Core FFO per Diluted Share	$0.20	Quarter
Same Store Units in Pool	6,581	As of Sep 30, 2025

The success of the leasing function is tied to the overall operational health of the managed portfolio. Key performance indicators include:

• Year-over-year Same Store NOI growth was 1.6% year to date.
• The company raised its 2025 Core FFO per share guidance range to $0.67 to $0.68.
• The dividend per diluted share paid on October 10, 2025, was $0.08.
• Net income per diluted share for Q3 2025 was $0.80.

Finance: draft 13-week cash view by Friday.

Veris Residential, Inc. (VRE) - Canvas Business Model: Customer Segments

You're looking at the people Veris Residential, Inc. targets with its premier multifamily offerings. This segment is clearly defined by income potential and a preference for high-quality, modern living environments in specific, high-demand markets.

The core customer is someone who can afford, and expects, a top-tier rental experience. While I don't have the specific average household income figure you mentioned from the latest filings, we can certainly infer the high-income nature from the average rent figures. For instance, the Average Rent per Home across the Same Store portfolio was reported at $4,019 for the first quarter of 2025. This rent level strongly suggests a focus on high-earning professionals.

Veris Residential, Inc. is explicitly a Northeast-focused, Class A multifamily REIT. This means the customer base is concentrated in the urban and suburban corridors of the Northeast region. We know for a fact that the portfolio includes properties in New Jersey, with specific assets like Haus25 and Liberty Towers located in Jersey City, NJ. The company's strategy centers on this geographic concentration, allowing for deep local market expertise.

These renters are specifically seeking Class A living. Veris Residential, Inc. owns and operates premier Class A multifamily properties. This translates to amenity-rich environments that align with a contemporary living experience. The operational strength supports this, with Same Store occupancy holding steady at 94.7% as of September 30, 2025, indicating strong demand for their product. The company is focused on delivering this high-quality experience through its technology-enabled, vertically integrated operating platform.

A significant differentiator for this segment is the value placed on sustainability. Veris Residential, Inc. positions itself as an environmentally and socially conscious REIT. This resonates with residents who value ESG principles. The company's commitment is measurable: they achieved a 5 Star Rating in the 2024 Global Real Estate Sustainability Benchmark (GRESB) Assessment. Furthermore, 79% of the managed multifamily portfolio has earned Green Certifications, such as LEED or equivalent. This focus on sustainability is integrated into the business, driving value creation.

Here's a quick look at some key operational and financial metrics that define the environment these customers operate within as of late 2025:

Metric	Value	Date/Period
Same Store Units in Portfolio	6,581	September 30, 2025
Same Store Occupancy	94.7%	September 30, 2025
Average Rent per Home	$4,019	Q1 2025
FY 2025 Core FFO per Share Guidance Range	$0.670 to $0.680	FY 2025
Q3 2025 Core FFO per Share	$0.20	Q3 2025
Green Certifications (LEED or equivalent)	79% of managed portfolio	2024

The profile of the typical resident is further shaped by the company's internal governance and social focus, which attracts residents who value these commitments. You can see this in their internal metrics:

• Achieved gender equality at management level ahead of the 2025 goal.
• Set a new goal for 25% racially/ethnically diverse representation at management by 2025.
• Reported a gender pay gap of only 2% from a third-party assessment.

The company is actively managing its portfolio to meet these high-end demands, evidenced by raising the disposition target for non-strategic assets to $650 million year to date, aiming to deleverage to below 8x Net Debt-to-EBITDA by year-end 2026. This financial discipline underpins the ability to maintain and enhance the Class A assets these customers rent.

Finance: draft 13-week cash view by Friday.

Veris Residential, Inc. (VRE) - Canvas Business Model: Cost Structure

The Cost Structure for Veris Residential, Inc. (VRE) is heavily weighted toward the ongoing operational costs of its multifamily portfolio and the servicing of its debt obligations, typical for a real estate investment trust (REIT). These costs are the primary drains on cash flow before capital deployment.

Significant property operating expenses form the largest recurring cost base. Looking at the Same Store portfolio for the first quarter of 2025, total property expenses reached $24.868 million for the three months ended March 31, 2025. This total breaks down into controllable and non-controllable elements, showing where management has direct influence versus external market factors.

The breakdown of these property-level costs for the three months ended March 31, 2025, in thousands of USD, is as follows:

Expense Category	Amount (USD in thousands)	Period
Total Property Expenses	24,868	Q1 2025 (Same Store)
Controllable Expenses	13,046	Q1 2025 (Same Store)
Non-Controllable Expenses	11,822	Q1 2025 (Same Store)

High interest expense on debt is a critical cost component, reflecting the leverage inherent in real estate ownership. As of the first quarter of 2025, Veris Residential, Inc.'s Total Liabilities stood at $1.871 billion. To manage the cost of this debt, the company actively hedges or fixes its rates. As of September 30, 2025, the weighted average effective interest rate on substantially all debt was 4.76%. The total leverage ratio, as defined by the Amended Facility, was reported between 50% and 55% as of the third quarter of 2025.

Capital expenditures for property maintenance and value-add renovations are necessary to maintain asset quality and drive rental growth. These are categorized as investments that do not immediately generate incremental revenue. For the three months ended September 30, 2025, non-incremental revenue generating capital expenditures included:

• Building improvements: $4.719 million
• Tenant improvements and leasing commissions: $0.025 million

These expenditures are crucial for supporting the Same Store multifamily blended net rental growth rate, which was 3.9% for the quarter ended September 30, 2025.

General and administrative costs cover the overhead required to run the REIT structure itself, separate from property-level management. For the three months ended March 31, 2025, General and Administrative expense, accounting for Severance/Compensation related costs, was $9.9 million. This figure was $8.0 million for the three months ended September 30, 2025.

The G&A costs for the nine months ended September 30, 2025, totaled $26.1 million.

Veris Residential, Inc. (VRE) - Canvas Business Model: Revenue Streams

You're looking at the core ways Veris Residential, Inc. (VRE) brings in cash, focusing on the numbers as of late 2025. The model is heavily weighted toward property operations, supplemented by strategic asset recycling.

The primary revenue driver is the Rental income from the multifamily portfolio. While the specific Trailing Twelve Months (TTM) revenue figure you noted is $291.35 million, the reported quarterly revenue from leases, which is the core rental component, for the third quarter of 2025 was $67.63 million.

The company also generates significant, though less predictable, income from Gains from non-strategic asset sales. For instance, the third quarter of 2025 included substantial non-cash impacts from property dispositions, with reported $91.0 million in gains on asset sales aiding the GAAP earnings per share.

Management provides forward-looking guidance based on recurring operations. The Core FFO per share guidance for FY 2025 was raised for the second consecutive quarter to a range of $0.67 to $0.68 per share.

Finally, Property management fees from joint venture interests contribute, though this stream is expected to shrink as the company unwinds its remaining unconsolidated joint ventures. For example, Management Fees reported in Q3 2025 were $0.52 million.

Here's a quick look at the Q3 2025 revenue components found in the financial filings:

Revenue Component	Q3 2025 Amount (USD Millions)
Revenue from Leases (Rental Income Proxy)	$67.63
Parking Income	$3.89
Other Income	$1.40
Management Fees	$0.52
Total Revenues (Reported)	$73.44

The strategy involves monetizing assets to fund operations and reduce leverage, which impacts the overall revenue mix. The total non-strategic asset sales completed or under contract year-to-date reached $542 million, with the disposition guidance raised to $650 million.

You can see the impact of these non-recurring items versus recurring operational revenue through these key metrics:

• Reported diluted GAAP EPS in Q3 2025 was $0.80, which included the asset sale gains.
• Core FFO per diluted share for Q3 2025 was $0.20.
• Year-to-date Core FFO per share was $0.52 versus $0.49 at this time last year.
• The company paid a dividend of $0.08 per share on October 10, 2025.

Finance: draft 13-week cash view by Friday.