New York, February 24, 2026, 07:23 EST — Premarket
- VRE was around $18.80 in premarket trading after a 12.2% jump in the prior session.
- Affinius Capital and Vista Hill Partners agreed to buy Veris Residential for $19 a share in cash.
- Veris scrapped its planned earnings call and said it will stop giving 2026 guidance while the deal is pending.
Veris Residential shares were little changed in premarket trade on Tuesday, hovering near $18.80, after the apartment landlord agreed to be taken private at $19 a share in an all-cash deal. The stock closed at $18.81 on Monday, up 12.16%. (StockAnalysis)
The move matters because the buyout price now acts like a ceiling for VRE in the short term, and the gap to $19 is the market’s real-time read on closing risk. That spread can widen fast if financing, timing or rival-bid chatter shifts.
It also matters because there is not much else on the calendar. Once a company is in a signed deal, the stock often trades on deal mechanics rather than quarterly numbers, and that can make daily moves feel oddly muted — until they aren’t.
Veris said the transaction gives shareholders cash at a premium and is expected to close in the second quarter, subject to shareholder approval and other conditions. Board chair Tammy K. Jones said the board concluded the deal “delivers compelling value and certainty,” while CEO Mahbod Nia called it “the culmination” of the company’s strategy shift. Veris also said it will no longer hold its February 25 earnings call and will stop providing 2026 guidance while the deal is pending. (SEC)
The company’s quarterly report still gave investors fresh numbers to anchor on. Veris reported core funds from operations — a cash-flow yardstick widely used by real estate investment trusts — of $0.19 a share for the fourth quarter and $0.72 for full-year 2025, up from $0.11 and $0.60 a year earlier. It also said it completed $542 million of non-strategic asset sales in 2025 and cut net debt-to-EBITDA (a leverage ratio) to 9.0x at year-end. (SEC)
The deal lands as private equity and real estate firms keep circling listed REITs, betting public prices still lag private-market values. Kennedy-Wilson agreed earlier this month to a similar take-private, Reuters reported. (Reuters)
But the cleanest path from here is not guaranteed. A drawn-out vote process, tougher financing conditions, or a legal fight over price can all reopen the discount to $19 — and if the deal breaks, the stock can lose its takeover floor quickly.
For the near term, traders will key off the next filings tied to the shareholder vote and any sign of a higher bid. One hard date is the dividend: the merger terms allow a regular quarterly cash dividend for the quarter ending March 31, 2026, with an anticipated declaration date around February 27 and an anticipated payment date around April 10, capped at $0.08 a share. (SEC)
