Veris Residential’s Strategic Shift Gains Momentum

Veris Residential, Inc. (formerly Mack-Cali Realty) is demonstrating significant progress in its ongoing corporate overhaul. The company’s aggressive strategy to fortify its financial standing through substantial asset disposals and debt reduction is yielding measurable results, though questions remain about its ability to sustain this positive trajectory long-term.

A cornerstone of the company’s transformation has been the rapid divestiture of non-core properties. As of its second-quarter 2025 reporting, Veris Residential has either completed or has under contract the sale of non-strategic assets totaling $448 million. This disposal rate has notably exceeded the company’s initial timeline expectations.

Proceeds from these transactions are being primarily allocated to strengthening the balance sheet. Management has outlined clear leverage targets: achieving a net... Read more...