Shares of Veris Residential, Inc. (VRE) are climbing around 12 percent on Monday morning trading following the announcement of its fourth-quarter financial results and an agreement to be acquired by an investor consortium led by Affinius Capital in partnership with Vista Hill Partners.
The company's stock is currently trading at $18.80, up 12.13 percent or $2.04, over the previous close of $16.77 on the New York Stock Exchange. It has traded between $13.69 and $18.88 in the past one year.
During the quarter, the company's earnings came in at $0.00 per share compared with a net loss of $0.13 per share in the prior year. Core FFO increased to $0.19 per share from $0.11 per share, last year.
Meanwhile, the $3.4 deal has been unanimously approved by Veris' Board of Directors and is expected to close in the second quarter of 2026.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.