Veris Residential, Inc. (NYSE:VRE) Q3 2023 Earnings Call Transcript

Unidentified Analyst: Okay, thank you for that. And then do you mind providing color on the preferred interest redemption in October? What drove the LP to redeem at a time when I guess operating fundamentals are still pretty healthy across your portfolio?

Mahbod Nia: Again, hard for me to comment on that, Robin. It’s their decision. You’d need to ask them. They’ve had the ability to redeem and chose to redeem it at this time. So it’s hard for me to comment what that related to. It would be some sort of, I guess, a requirement for the capital from their side, but I’m not sure. Hello?

Unidentified Analyst: Yes.

Mahbod Nia: Are you done with your questions?

Unidentified Analyst: Yes, thank you.

Operator: Thank you. This concludes today’s question-and-answer session. I would like to turn the floor back over to Mahbod Nia for closing comments.

Mahbod Nia: Thank you everyone for joining us today. We’re pleased to report another very strong quarter for Veris Residential and look forward to updating you again in due course.

Operator: Thank you. This concludes today’s teleconference. You may disconnect your lines at this time. Thank you for your participation.