Veris Residential, Inc. is a real estate investment trust headquartered in Jersey City, New Jersey, investing primarily in apartments in New Jersey and Boston. As of February 2025, it owned or had interests in 22 apartment complexes, three parking/retail properties and land held for development, containing 7,681 apartment units and approximately 56,000 square feet of retail. The company's properties are in New Jersey, New York, Massachusetts, and Washington, D.C. Notable properties owned by the company include The BLVD Collection, Sable, and Haus25.
| trading_symbol | registrant_name | time | price | change | percentage_change |
|---|---|---|---|---|---|
| VRE | Veris Residential, Inc. | 2025-10-16 15:10:05 | 14.59 | 0.01 | 0.03 |
| trading_symbol | central_index_key | registrant_name | isin_number | lei_number | ein_number | exchange | sic_code | sic_description | fiscal_year_end | state_of_incorporation | address_street | address_city | address_state | address_zip_code | address_country | address_country_code | phone_number | mailing_address | business_address | former_name | industry | founding_date | chief_executive_officer | number_of_employees | website | market_cap | shares_issued | shares_outstanding | description | update_time |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| VRE | 0000924901 | Veris Residential, Inc. | US5544891048 | 254900KTVBRYJCQU2J23 | 223305147 | NYSE | 6798 | Real Estate Investment Trusts | 1231 | MD | HARBORSIDE 3 | JERSEY CITY | NJ | 07311 | UNITED STATES | US | 7325901000 | HARBORSIDE 3, JERSEY CITY, NJ, 07311 | HARBORSIDE 3, JERSEY CITY, NJ, 07311 | MACK CALI REALTY CORP | Real estate investment trust | 1997 | Mahbod Nia | 188 | https://verisresidential.com | 1,212,706,217 | 7,187,500 | 93,421,769 | Veris Residential, Inc. is a real estate investment trust headquartered in Jersey City, New Jersey, investing primarily in apartments in New Jersey and Boston. As of February 2025, it owned or had interests in 22 apartment complexes, three parking/retail properties and land held for development, containing 7,681 apartment units and approximately 56,000 square feet of retail. The company's properties are in New Jersey, New York, Massachusetts, and Washington, D.C. Notable properties owned by the company include The BLVD Collection, Sable, and Haus25. | 2025-10-10 20:52:20 |
| Fiscal Year | Market Cap | Change In Market Cap | Percentage Change In Market Cap | Shares Outstanding | Change In Shares Outstanding | Percentage Change In Shares Outstanding |
|---|---|---|---|---|---|---|
| 2024 | 1,212,706,217 | -75,185,106 | -5.8378 | 92,954,360 | 725,151 | 0.7862 |
| 2023 | 1,287,891,323 | 139,004,344 | 12.099 | 92,229,209 | 1,064,545 | 1.1677 |
| 2022 | 1,148,886,979 | -336,104,956 | -22.6335 | 91,164,664 | 215,989 | 0.2375 |
| Executive Name | Executive Position | Fiscal Year | Salary | Bonus | Stock Awards | Incentive Plan Compensation | Other Compensation | Total Compensation |
|---|---|---|---|---|---|---|---|---|
| Jeffrey Turkanis | Chief Investment Officer | 2024 | 400,000 | 0 | 650,000 | 515,250 | 26,730 | 1,591,980 |
| Anna Malhari | Chief Operating Officer | 2024 | 400,000 | 0 | 750,000 | 560,250 | 29,551 | 1,739,801 |
| Mahbod Nia | Chief Executive Officer | 2024 | 800,000 | 0 | 4,400,000 | 2,169,750 | 23,354 | 7,393,104 |
| Amanda Lombard | Chief Financial Officer | 2024 | 400,000 | 0 | 700,000 | 545,250 | 26,730 | 1,671,980 |
| Taryn Fielder | Corporate Secretary, Executive Vice President, General Counsel | 2024 | 400,000 | 0 | 700,000 | 515,250 | 26,730 | 1,641,980 |
| Fiscal Year | Employee Count |
|---|---|
| 2024 | 188 |
| 2023 | 197 |
| 2022 | 215 |
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue | 271,074,000 | 279,859,000 | 355,018,000 |
| Cost Of Revenue | 8,151,000 | 9,922,000 | 14,344,000 |
| Gross Profit | — | — | — |
| Research And Development Expenses | — | — | — |
| General And Administrative Expenses | 39,059,000 | 44,472,000 | 56,169,000 |
| Operating Expenses | 237,078,000 | 310,373,000 | 436,666,000 |
| Operating Income | — | — | — |
| Net Income | -23,120,000 | -107,265,000 | -52,066,000 |
| Earnings Per Share Basic | -0.25 | -1.22 | -0.63 |
| Earnings Per Share Diluted | -0.25 | -1.22 | -0.63 |
| Weighted Average Shares Outstanding Basic | 92,695,000 | 91,883,000 | 91,046,000 |
| Weighted Average Shares Outstanding Diluted | 101,381,000 | 100,812,000 | 100,265,000 |
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Cash And Cash Equivalents | 7,251,000 | 28,007,000 | 26,782,000 |
| Marketable Securities Current | — | — | — |
| Accounts Receivable | 1,375,000 | 2,742,000 | 2,920,000 |
| Inventories | — | — | — |
| Non Trade Receivables | — | — | — |
| Other Assets Current | — | — | — |
| Total Assets Current | — | — | 3,920,768,000 |
| Marketable Securities Non Current | — | — | — |
| Property Plant And Equipment | — | — | — |
| Other Assets Non Current | — | — | — |
| Total Assets Non Current | — | — | 0 |
| Total Assets | 2,982,727,000 | 3,241,046,000 | 3,920,768,000 |
| Accounts Payable | 42,744,000 | 55,492,000 | 72,041,000 |
| Deferred Revenue | — | — | — |
| Short Term Debt | 0 | 308,000,000 | 142,998,000 |
| Other Liabilities Current | — | — | — |
| Total Liabilities Current | — | — | — |
| Long Term Debt | 1,672,313,000 | 1,853,897,000 | 1,903,977,000 |
| Other Liabilities Non Current | — | — | — |
| Total Liabilities Non Current | — | — | — |
| Total Liabilities | 1,740,364,000 | 1,936,494,000 | 2,006,200,000 |
| Common Stock | 929,000 | 922,000 | 911,000 |
| Retained Earnings | -1,466,187,000 | -1,418,312,000 | -1,301,385,000 |
| Accumulated Other Comprehensive Income | 154,000 | 1,808,000 | 3,977,000 |
| Total Shareholders Equity | 1,099,391,000 | 1,137,478,000 | 1,235,685,000 |
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Depreciation And Amortization | 82,774,000 | 93,589,000 | 111,518,000 |
| Share Based Compensation Expense | 13,259,000 | 19,876,000 | 13,767,000 |
| Other Non Cash Income Expense | — | — | — |
| Change In Accounts Receivable | — | — | — |
| Change In Inventories | — | — | — |
| Change In Non Trade Receivables | — | — | — |
| Change In Other Assets | -5,030,000 | -2,081,000 | 12,565,000 |
| Change In Accounts Payable | -5,487,000 | -4,263,000 | 328,000 |
| Change In Other Liabilities | — | — | — |
| Cash From Operating Activities | 52,328,000 | 45,540,000 | 66,454,000 |
| Purchases Of Marketable Securities | — | — | — |
| Sales Of Marketable Securities | — | — | — |
| Acquisition Of Property Plant And Equipment | — | — | — |
| Acquisition Of Business | — | — | — |
| Other Investing Activities | -250,000 | -1,030,000 | — |
| Cash From Investing Activities | 162,051,000 | 579,650,000 | 220,088,000 |
| Tax Withholding For Share Based Compensation | — | — | — |
| Payments Of Dividends | 24,755,000 | 9,662,000 | — |
| Issuance Of Common Stock | — | — | — |
| Repurchase Of Common Stock | 0 | 142,000 | 2,692,000 |
| Issuance Of Long Term Debt | — | — | — |
| Repayment Of Long Term Debt | 22,000,000 | 81,000,000 | 250,000,000 |
| Other Financing Activities | -3,992,000 | -603,000 | — |
| Cash From Financing Activities | -244,648,000 | -618,260,000 | -290,348,000 |
| Change In Cash | -30,269,000 | 6,930,000 | -3,806,000 |
| Cash At End Of Period | 7,251,000 | 28,007,000 | 26,782,000 |
| Income Taxes Paid | — | — | — |
| Interest Paid | 78,500,000 | 81,600,000 | 80,300,000 |
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Earnings Per Share | -0.25 | -1.22 | -0.63 |
| Price To Earnings Ratio | -66.52 | -12.8934 | -25.2857 |
| Earnings Growth Rate | -79.5082 | 93.6508 | -54.6763 |
| Price Earnings To Growth Ratio | 0.8366 | -0.1377 | 0.4625 |
| Book Value Per Share | 13.4027 | 14.198 | 21.0286 |
| Price To Book Ratio | 1.2408 | 1.1079 | 0.7575 |
| Ebitda | 147,630,000 | 75,679,000 | 137,492,000 |
| Enterprise Value | 3,206,579,850 | 3,579,209,590 | 3,470,555,780 |
| Dividend Yield | 0.0161 | 0.0067 | — |
| Dividend Payout Ratio | -1.0707 | -0.0901 | — |
| Debt To Equity Ratio | 1.5211 | 1.9006 | 1.6566 |
| Capital Expenditures | — | — | — |
| Free Cash Flow | — | — | — |
| Return On Equity | -0.021 | -0.0943 | -0.0421 |
| One Year Beta | 0.6733 | 1.0298 | 0.8605 |
| Three Year Beta | 0.8541 | 0.8855 | 0.9995 |
| Five Year Beta | 0.9778 | 0.9698 | 0.9221 |
| Insider Name | Relationship To Issuer | Transaction Date | Amount Of Securities | Acquired Or Disposed | Securities Owned Following Transaction |
|---|---|---|---|---|---|
| Nia Mahbod | Director, CHIEF EXECUTIVE OFFICER | 2025-09-30 | 19 | A | 3,784 |
| Cumenal Frederic | Director | 2025-09-30 | 1,790 | A | 35,694 |
| PAPA CHRISTOPHER J | Director | 2025-09-30 | 1,069 | A | 1,069 |
| KATZ A. AKIVA | Director | 2025-09-30 | 1,857 | A | 24,985 |
| Lietz Nori Gerardo | Director | 2025-09-30 | 1,793 | A | 36,269 |
| Name Of Reporting Person | Report Date | State | Transaction Type | Transaction Date | Owner Type | Amount |
|---|---|---|---|---|---|---|
| Lisa McClain | 2025-08-13 | MI09 | Sale | 2025-06-17 | Spouse | $1,001 - $15,000 |
| Lisa McClain | 2025-08-13 | MI09 | Purchase | 2025-06-11 | Spouse | $15,001 - $50,000 |
| Investor Name | Period Of Report | Market Value | Amount Of Securities | Price Per Security |
|---|---|---|---|---|
| GAMMA Investing LLC | 2025-09-30 | 17,358 | 1,142 | 15.1996 |
| DekaBank Deutsche Girozentrale | 2025-06-30 | 280,000 | 19,384 | 14.4449 |
| Envestnet Portfolio Solutions, Inc. | 2025-06-30 | 550,156 | 36,948 | 14.89 |
| Inspire Investing, LLC | 2025-06-30 | 393,081 | 26,399 | 14.89 |
| Aberdeen Group plc | 2025-06-30 | 356,943 | 23,972 | 14.89 |
| Registrant Name | Period Of Report | Fund Name | Fund Symbol | Amount Of Units | Value In Usd | Percentage Value Compared To Assets |
|---|---|---|---|---|---|---|
| BNY MELLON INDEX FUNDS, INC. | 2025-07-31 | Class I | DISIX | 49,498 | 696,931.84 | 0.083 |
| BNY MELLON INDEX FUNDS, INC. | 2025-07-31 | Investor Shares | DISSX | 49,498 | 696,931.84 | 0.083 |
| PRUDENTIAL INVESTMENT PORTFOLIOS 12 | 2025-07-31 | Class R4 | PURGX | 801,649 | 11,287,217.92 | 1.3534 |
| PRUDENTIAL INVESTMENT PORTFOLIOS 12 | 2025-07-31 | Class R2 | PUREX | 801,649 | 11,287,217.92 | 1.3534 |
| PRUDENTIAL INVESTMENT PORTFOLIOS 12 | 2025-07-31 | Class R6 | PGRQX | 801,649 | 11,287,217.92 | 1.3534 |