Earnings Call Summary | Veris Residential(VRE.US) Q1 2024 Earnings Conference
Earnings Call Summary | Veris Residential(VRE.US) Q1 2024 Earnings Conference
The following is a summary of the Veris Residential, Inc. (VRE) Q1 2024 Earnings Call Transcript:
以下是Veris住宅有限公司（VRE）2024年第一季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
Veris Residential reported a first-quarter loss of $0.04 per share, an improvement from previous year's loss of $0.27 per share.
Core FFO per share was $0.14, compared to $0.12 last quarter and $0.15 on the same quarter in 2023.
Operating growth in same-store NOI was 14.2% year over year, driven by rental revenue growth of 8% and flat expenses.
The company closed a new $500 million credit facility and term loan in April, resulting in improved leverage metrics.
The core FFO guidance has been raised to range between $0.50 to $0.54 per share.
Veris Residential reported a net rental growth rate of 4.6%
The company revised its original guidance due to the newly secured credit facility and additional $28 million from asset sales.
The company is planning to repay approximately $528 million of debt, reducing it to around $360 million.
Veris Residential報告稱，第一季度每股虧損0.04美元，較去年每股虧損0.27美元有所改善。
每股核心FFO爲0.14美元，而上個季度爲0.12美元，2023年同期爲0.15美元。
受8％的租金收入增長和固定支出的推動，同店淨收入的營業同比增長14.2％。
該公司在4月份關閉了新的5億美元信貸額度和定期貸款，從而改善了槓桿指標。
核心FFO指引已上調至每股0.50美元至0.54美元之間。
Veris Residencial報告淨租金增長率爲4.6％
由於新的擔保信貸額度和額外的2,800萬美元資產出售，該公司修訂了最初的指導方針。
該公司計劃償還約5.28億美元的債務，將其減少到約3.6億美元。
Business Progress:
業務進展：
Veris Residential transformed into a pure-play multifamily REIT, with strategies including accretive capital allocation initiatives.
The company sold its remaining office property and two land sites raising $28 million to repay debt.
A $500 million credit facility was secured, strengthening the company's balance sheet and offering financial flexibility.
The company reported a promising start to portfolio optimization and introduced new technological solutions.
Occupancy at the end of Q1 was 94.1%.
The company saw healthy rental growth rates in the Northeast, emphasizing on their New Jersey waterfront properties.
The company received accolades for their ESG efforts and was named top U.S. REIT for online reputation by J Turner Research.
The company is considering selling off more assets to repay debt and save more costs.
An Artificial Intelligence-based leasing assistant has been implemented to save human capital time and let leasing agents focus on higher-value tasks.
The company is exploring whether their joint ventures may unlock more equity and provide higher return on investment.
The progress on a new initiative, Haus25, is underway which could add approximately $2 million worth of NOI once fully leased.
Veris Residential轉型爲純粹的多戶房地產投資信託基金，其戰略包括增值資本配置計劃。
該公司出售了剩餘的辦公物業和兩塊土地，籌集了2800萬美元以償還債務。
5億美元的信貸額度獲得了擔保，從而加強了公司的資產負債表並提供了財務靈活性。
該公司報告稱，投資組合優化開局良好，並推出了新的技術解決方案。
第一季度末的入住率爲94.1％。
該公司在東北部的租金增長率良好，重點是他們在新澤西州的海濱物業。
該公司在ESG方面的努力獲得了讚譽，並因在線聲譽被J Turner Research評爲美國頂級房地產投資信託基金。
該公司正在考慮出售更多資產以償還債務並節省更多成本。
已經實施了基於人工智能的租賃助手，以節省人力資本時間，讓租賃代理專注於更高價值的任務。
該公司正在探索他們的合資企業是否可以釋放更多股權並提供更高的投資回報率。
一項名爲Haus25的新計劃正在取得進展，一旦全部租用，該計劃可能會增加價值約200萬美元的NOI。
More details: Veris Residential IR
更多詳情： Veris 住宅紅外
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。