Veris Residential Sees Q4 EPS +45.5% to $0.16; Activist Urges Sale
Veris Residential is scheduled to report fourth-quarter results on February 24 with consensus earnings per share of $0.16, up 45.5% year-over-year, and revenues expected at $70.37 million, a 3.4% increase. An activist investor has publicly urged the company to solicit takeover offers, pressing for a sale.
1. Q4 Financial Outlook
Veris Residential will report fourth-quarter results on February 24 with consensus earnings per share of $0.16, a 45.5% increase year-over-year, on $70.37 million in revenue, up 3.4% from Q4 2024. Consensus estimates for EPS and revenue have remained unchanged over the past 30 days.
2. Activist Investor Push
On February 6, an activist investor publicly urged Veris Residential to explore strategic alternatives, including a sale of the company. This campaign could accelerate takeover discussions and prompt management to reassess capital allocation and shareholder return policies.