Veris Residential Management
Management criteria checks 3/4
Veris Residential's CEO is Mahbod Nia, appointed in Mar 2021, has a tenure of 3.75 years. total yearly compensation is $6.88M, comprised of 11.6% salary and 88.4% bonuses, including company stock and options. directly owns 0.6% of the company’s shares, worth $9.05M. The average tenure of the management team and the board of directors is 2.2 years and 3.8 years respectively.
Key information
Mahbod Nia
Chief executive officer
US$6.9m
Total compensation
CEO salary percentage | 11.6% |
CEO tenure | 3yrs |
CEO ownership | 0.6% |
Management average tenure | 2.2yrs |
Board average tenure | 3.8yrs |
Recent management updates
Recent updates
Veris's Future Profitability Is Unclear During Transition To Multifamily REIT
Dec 29Veris Residential: A Turnaround In Process
Dec 23Veris Residential: Newest Results Show An Improvement Of The Company's Operations (Upgrade)
Sep 12Veris Residential FFO of $0.05 misses by $0.08, revenue of $86.2M misses by $1.15M
Feb 21Veris Residential holder Madison International seeks possible board seat
Jan 13Veris Residential gains after rejecting increased Kushner offer; open to dialogue
Dec 12Veris Residential surges after it confirms $16/share buyout bid from Kushner
Oct 21Veris Residential jumps on $766M sale of Jersey City properties
Oct 10Veris Residential: Analysis Of The Newest 'Pure Play' Multi-Family REIT
Aug 16Veris Residential: Look At Total Return, Not Just Dividends
Jul 28Analysts Just Made A Substantial Upgrade To Their Mack-Cali Realty Corporation (NYSE:CLI) Forecasts
Jul 20Mack-Cali sells Red Bank Office portfolio for $84 Million
Jun 14Mack-Cali Realty FFO beats by $0.04, misses on revenue
May 06Mack-Cali: A Coattail Idea (With A Harborside View) That Could Double
Dec 22Mack-Cali's Leverage And Office Related Risks Remain Worrisome
Dec 20Mack-Cali Realty's (NYSE:CLI) Stock Price Has Reduced 42% In The Past Five Years
Dec 16Mack-Cali Realty adds up $61M to its suburban assets sale
Dec 03CEO Compensation Analysis
Date | Total Compensation | Salary | Company Earnings |
---|---|---|---|
Dec 31 2023 | n/a | n/a | -US$153m |
Sep 30 2023 | n/a | n/a | -US$130m |
Jun 30 2023 | n/a | n/a | -US$98m |
Mar 31 2023 | n/a | n/a | -US$53m |
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$142m |
Compensation vs Market: Mahbod's total compensation ($USD6.88M) is above average for companies of similar size in the US market ($USD5.10M).
Compensation vs Earnings: Mahbod's compensation has been consistent with company performance over the past year.
CEO
Mahbod Nia (47 yo)
3yrs
Tenure
US$6,878,986
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 | 3yrs | US$6.88m | 0.60% $ 9.1m | |
Chief Financial Officer | 1.9yrs | US$1.70m | 0.014% $ 203.8k | |
Executive VP & COO | 2.8yrs | US$1.25m | 0.021% $ 322.4k | |
Executive VP & Chief Investment Officer | 1.9yrs | US$3.17m | 0.020% $ 296.7k | |
General Counsel & Secretary | 1.9yrs | US$1.93m | 0.025% $ 377.2k | |
SVP & Chief Accounting Officer | 1.2yrs | no data | no data | |
Senior VP | no data | no data | no data | |
Senior Vice President of Marketing & Communications | 2.5yrs | no data | no data | |
Senior Vice President of Human Resource | 2.2yrs | no data | no data | |
Senior Vice President of Legal | 2.2yrs | no data | no data | |
Senior VP of Sustainability & ESG | 2.2yrs | no data | no data | |
Senior Vice President of Operations & Asset Management | 2.2yrs | no data | no data |
2.2yrs
Average Tenure
41yo
Average Age
Experienced Management: VRE's management team is considered experienced (2.2 years average tenure).
Board Members
Name | Position | Tenure | Compensation | Ownership |
---|---|---|---|---|
CEO & Director | 3.8yrs | US$6.88m | 0.60% $ 9.1m | |
Member of Advisory Board | no data | US$28.00k | no data | |
Member of Advisory Board | no data | US$28.00k | no data | |
Independent Director | 2.8yrs | US$177.50k | 0.021% $ 318.2k | |
Independent Director | 3.8yrs | US$197.50k | 0.028% $ 414.2k | |
Independent Director | less than a year | no data | 0.0073% $ 110.4k | |
Independent Director | 4.8yrs | US$190.00k | 0.032% $ 483.7k | |
Member of Advisory Board | no data | no data | no data | |
Independent Director | 4.8yrs | US$198.00k | 0.032% $ 483.7k | |
Independent Director | 3.8yrs | US$203.00k | 0.031% $ 459.7k | |
Independent Director | less than a year | no data | 0.0073% $ 110.4k | |
Board Chair & Lead Independent Director | 3.8yrs | US$265.50k | 0.028% $ 414.2k |
3.8yrs
Average Tenure
61yo
Average Age
Experienced Board: VRE's board of directors are considered experienced (3.8 years average tenure).