Veris Residential Completes Liquidity Enhancing Transactions

Enters into Amended Credit Facility

Completes Sale of Signature Place Resulting in $80 Million Term Loan Reduction

JERSEY CITY, N.J., July 10, 2025 /PRNewswire/ -- Veris Residential, Inc. ("Veris Residential" or the "Company") (NYSE: VRE), a forward-thinking, Northeast-focused, Class A multifamily REIT, today announced the amendment of its $500 million credit facility established in April 2024. The transaction reflects Veris Residential's continued progress in advancing its 2025 corporate plan to sell non-strategic assets and reduce leverage. It also supports the Company's multi-year balance sheet strategy, reducing borrowing costs and positioning Veris Residential to reduce Net Debt to EBITDA to below 10.0x by year-end 2025 and to below 9.0x by year-end 2026 as the Company completes the contemplated sales.

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