NR Not Rated — Pending Acquisition
Veris Residential is subject to a pending all-cash acquisition by the Affinius-led consortium at $19.00 per share, and its dividend has been suspended. A durability grade measures the sustainability of a going concern; when the shares are effectively a fixed-price claim on a closing date, the pillars that drive the score (dividend safety, growth, valuation) no longer describe the investment. We publish no grade while the transaction is pending.
Every listed REIT in our universe carries either a letter grade or a stated reason it is not rated. See the methodology.
Veris Residential (NYSE: VRE) is exiting the public market: on February 23, 2026 the company agreed to be acquired by an Affinius Capital-led consortium with Vista Hill Partners for $3.4 billion in cash, $19.00 per share, a 23% premium. The deal is expected to close in the second quarter of 2026; dividends beyond Q1 2026 are suspended under the agreement. We do not grade pending cash acquisitions; this page explains the situation.
Market data is no longer collected for this ticker. Sector rankings exclude it.
What Happened
Veris completed one of the sector’s great transformations, from the office-heavy Mack-Cali into a pure-play Class A Northeast multifamily REIT (Jersey City waterfront above all), and the reward for finishing the makeover was a takeout: the consortium is paying cash, financed with equity plus a $2.08 billion bridge facility. The company canceled earnings calls and shifted to closing mechanics.
If You Hold VRE
The stock now trades as a claim on $19.00 cash at closing (subject to shareholder approval and customary conditions), so the remaining return is the spread to $19.00 annualized over the closing timeline, minus deal-break risk. No further dividends are expected after the Q1 2026 payment.
Frequently Asked Questions
Who is buying Veris Residential?
An investor consortium led by Affinius Capital with Vista Hill Partners, paying $19.00 per share in cash, roughly $3.4 billion, announced February 23, 2026.
Will VRE keep paying dividends?
The Q1 2026 dividend was the last expected payment; the merger agreement suspends dividends thereafter until closing.
Based on merger announcement disclosures (February 2026). Live market data updates automatically. Independent research, not investment advice.