Veris Residential: $75 Million Harborside Land Sale Boosts Debt Reduction Amidst Weakening Share Price
ByAinvest
Wednesday, Dec 10, 2025 12:12 pm ET1min read
VRE--
Veris Residential closed a $75 million sale of its Harborside 8/9 land in Jersey City, redirecting $69 million to debt repayment. Despite a weakening 1-year total shareholder return and negative 90-day share price return, the company's strong fundamentals in the Northeast multifamily market and steady top line progress support a fair value estimate of $18, indicating that the stock is undervalued.
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