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Veris Residential, Inc. (VRE), a real estate investment trust with a market capitalization of $1.52 billion and current share price of $14.92, announced the results of its annual stockholders meeting held on June 11, 2025. During the meeting, shareholders elected nine directors to serve one-year terms, approved executive compensation, and ratified the appointment of PricewaterhouseCoopers LLP as the company’s independent auditor for the fiscal year ending December 31, 2025. The company currently offers a dividend yield of 2.14% and maintains a FAIR overall financial health score according to InvestingPro analysis.
The elected board members include Frederic Cumenal, Ronald M. Dickerman, Tammy K. Jones, A. Akiva Katz, Nori Gerardo Lietz, Victor B. MacFarlane, Mahbod Nia, Howard S. Stern (AS:PBHP), and Stephanie L. Williams. The advisory vote on executive compensation passed with 63,039,667 votes for, 3,098,405 against, and 26,663 abstentions. The ratification of PricewaterhouseCoopers LLP received 74,983,267 votes for, 2,588,849 against, and 17,596 abstentions.
Veris Residential, Inc. serves as the general partner of Veris Residential, L.P., through which the company conducts its business. The announcement of the voting results is based on a press release statement and provides shareholders and the public with the outcomes of the key matters addressed during the annual meeting. InvestingPro analysis reveals that while the company maintains a high shareholder yield, it faces challenges with short-term obligations exceeding liquid assets. For deeper insights into VRE’s financial health and future prospects, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
In other recent news, Veris Residential Inc. reported its first-quarter 2025 earnings, revealing a net loss of $0.12 per share, which was greater than the expected $0.09 loss. However, the company surpassed revenue forecasts by posting $67.76 million against the anticipated $63.8 million. Despite the revenue beat, the company’s stock experienced a decline in premarket trading. Additionally, Truist Securities adjusted its outlook on Veris Residential, lowering the price target from $17.00 to $16.00 while maintaining a Hold rating. This revision follows a first-quarter performance that exceeded Truist’s predictions, partly due to an early collection of a tax credit.
Evercore ISI also revised its price target for Veris Residential, reducing it from $18.00 to $17.50, while maintaining an In Line rating. The adjustment reflects a more challenging capital markets environment, which could delay significant monetization events until 2026. In corporate governance news, all nine director nominees were elected during Veris Residential’s 2025 annual meeting, and stockholders approved the executive compensation plan. PricewaterhouseCoopers LLP was ratified as the company’s independent auditor for the fiscal year ending December 31, 2025. These developments offer investors a comprehensive understanding of Veris Residential’s current financial and strategic positioning.
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