Veris Residential Management
Management criteria checks 2/4
Veris Residential's CEO is Mahbod Nia, appointed in Mar 2021, has a tenure of 3.75 years. total yearly compensation is $7.06M, comprised of 11.3% salary and 88.7% bonuses, including company stock and options. directly owns 0.71% of the company’s shares, worth €11.34M. The average tenure of the management team and the board of directors is 2.9 years and 4.5 years respectively.
Key information
Mahbod Nia
Chief executive officer
US$7.1m
Total compensation
| CEO salary percentage | 11.3% |
| CEO tenure | 3.8yrs |
| CEO ownership | 0.7% |
| Management average tenure | 2.9yrs |
| Board average tenure | 4.5yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$61m |
| Jun 30 2024 | n/a | n/a | -US$107m |
| Mar 31 2024 | n/a | n/a | -US$131m |
| Dec 31 2023 | US$7m | US$800k | -US$153m |
| Sep 30 2023 | n/a | n/a | -US$132m |
| Jun 30 2023 | n/a | n/a | -US$101m |
| Mar 31 2023 | n/a | n/a | -US$57m |
| Dec 31 2022 | US$7m | US$800k | -US$62m |
| Sep 30 2022 | n/a | n/a | -US$64m |
| Jun 30 2022 | n/a | n/a | -US$71m |
| Mar 31 2022 | n/a | n/a | -US$171m |
| Dec 31 2021 | US$11m | US$653k | -US$170m |
| Sep 30 2021 | n/a | n/a | -US$116m |
| Jun 30 2021 | n/a | n/a | -US$160m |
| Mar 31 2021 | n/a | n/a | -US$126m |
| Dec 31 2020 | US$191k | n/a | -US$142m |
Compensation vs Market: Mahbod's total compensation ($USD7.06M) is above average for companies of similar size in the German market ($USD1.58M).
Compensation vs Earnings: Mahbod's compensation has increased whilst the company is unprofitable.
CEO
Mahbod Nia (48 yo)
3.8yrs
Tenure
US$7,064,210
Compensation
Mr. Mahbod Nia serves as Chief Executive Officer at Veris Residential, Inc. (formerly known as Mack-Cali Realty Corporation) since March 8, 2021, Director since March 8, 2021 and served as its an Independe...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 3.8yrs | US$7.06m | 0.71% € 11.3m | |
| Chief Financial Officer | 2.7yrs | US$1.65m | 0.016% € 248.6k | |
| Executive VP & COO | 3.5yrs | US$1.62m | 0.031% € 488.1k | |
| Executive VP & Chief Investment Officer | 2.7yrs | US$1.75m | 0.020% € 313.1k | |
| General Counsel & Secretary | 2.7yrs | US$1.75m | 0.029% € 467.8k | |
| Senior Vice President of Marketing & Communications | 3.3yrs | no data | no data | |
| Senior Vice President of Human Resources | 2.9yrs | no data | no data | |
| Senior Vice President of Legal | 2.9yrs | no data | no data | |
| Senior VP and Head of Sustainability & ESG | 2.9yrs | no data | no data | |
| Senior Vice President of Operations & Asset Management | 2.9yrs | no data | no data | |
| Senior Vice President of Finance & Investments | 2.9yrs | no data | no data | |
| Senior Vice President of Investments | 2.9yrs | no data | no data |
2.9yrs
Average Tenure
42yo
Average Age
Experienced Management: WY4's management team is considered experienced (2.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 4.5yrs | US$7.06m | 0.71% € 11.3m | |
| Independent Director | 3.5yrs | US$201.40k | 0.031% € 488.7k | |
| Independent Director | 4.5yrs | US$224.29k | 0.037% € 589.9k | |
| Independent Director | 1.6yrs | US$172.83k | 0.017% € 269.3k | |
| Independent Director | 5.5yrs | US$209.25k | 0.052% € 835.0k | |
| Independent Director | 5.5yrs | US$218.03k | 0.042% € 663.1k | |
| Independent Director | 4.5yrs | US$225.40k | 0.040% € 637.9k | |
| Independent Director | 1.6yrs | US$175.99k | 0.017% € 269.3k | |
| Board Chair & Lead Independent Director | 4.5yrs | US$265.50k | 0.037% € 589.9k |
4.5yrs
Average Tenure
60yo
Average Age
Experienced Board: WY4's board of directors are considered experienced (4.5 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 13:41 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Veris Residential, Inc. is covered by 15 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ross Smotrich | Barclays |
| Joshua Dennerlein | BofA Global Research |
| Michael Gorman | BTIG |