Veris Residential, Inc. (NYSE:VRE) Q3 2024 Earnings Conference Call October 31, 2024 8:30 AM ET
Company Participants
Taryn Fielder – General Counsel & Secretary
Mahbod Nia – Chief Executive Officer
Amanda Lombard – Chief Financial Officer
Conference Call Participants
Steve Sakwa – Evercore ISI
Eric Wolfe – Citi
Thomas Catherwood – BTIG
Michael Lewis – Truist Securities Inc.
Operator
Good morning and welcome to Residential Veris Inc’s Third Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions]. Please note that this event is being recorded.
I would now like to turn the conference over to the General Counsel, Taryn Fielder. Please go-ahead ma’am.
Taryn Fielder
Good morning, everyone and welcome to Veris Residential’s third quarter Earnings Conference call.
I would like to remind everyone that certain information discussed on this call may constitute forward looking statements within the meaning of the federal securities law. Although we believe the estimates reflected in these statements are based on reasonable assumptions, we cannot give assurance that the anticipated results will be achieved. We refer you to the Company’s press release and annual and quarterly reports filed with the SEC for risk factors that impact the company.
With that, I would like to hand the call over to Mahbod Nia, Veris Residential’s Chief Executive Officer, who is joined by Amanda Lombard, Chief Financial Officer. Mahbod?
Mahbod Nia
Thank you, Taryn, and good morning, everyone. We’re pleased to report another quarter of strong NOI and core FFO growth driven by the better than anticipated resolution of our non-controllable expenses and continued market rent growth; resulting in a 17% increase in core FFO during the first nine months of the year.
We continue to build upon the strong results delivered in the first
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