Veris Residential, Inc. is a $1.5B market cap multifamily REIT with high-quality apartment assets in prime markets like Jersey City and Boston. The company is selling non-core properties to reduce leverage and potentially become an M&A target. Shareholders are pushing for a potential take-private. Veris trades at a discount to its net liquidation value.

Veris Residential, Inc. recently announced $385M in property sales and binding contracts, focusing on smaller, more liquid deals at cap rates of ~5.25%. The company is sharpening its portfolio concentration in key markets like Jersey City and Port Imperial. Private market comps support VRE’s valuation, and the board appears aligned with shareholders for potential M&A activity.

Real Assets Value highlights a bullish thesis on Veris Residential, Inc., emphasizing potential value unlocking and M&A optionality. The company is transitioning out of office properties to focus solely on multifamily assets. Shareholders are pushing for a potential take-private. Veris trades at a discount to its estimated net liquidation value of $20/share.

Read more at Yahoo Finance: Veris Residential, Inc. (VRE): A Bull Case Theory