Veris Residential Inc - Company Profile
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Veris Residential Inc (Veris) is a real estate investment trust (REIT). Operating performance, property portfolio, and market position are the company’s key strengths, even as declining revenue from management fees remains a cause for concern. Positive outlook for construction industry in US, technological advancements, and improvement in US housing markets could provide growth opportunities to the company. However, inability to collect rent from tenants, real estate regulations in US, and increasing manpower costs in US could affect the company’s operations.
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