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 percentage11.6%
CEO tenure3yrs
CEO ownership0.6%
Management average tenure2.2yrs
Board average tenure3.8yrs

Recent management updates

Recent updates

Veris's Future Profitability Is Unclear During Transition To Multifamily REIT

Dec 29

Veris Residential: A Turnaround In Process

Dec 23

Veris Residential: Newest Results Show An Improvement Of The Company's Operations (Upgrade)

Sep 12

Veris Residential FFO of $0.05 misses by $0.08, revenue of $86.2M misses by $1.15M

Feb 21

Veris Residential holder Madison International seeks possible board seat

Jan 13

Veris Residential gains after rejecting increased Kushner offer; open to dialogue

Dec 12

Veris Residential surges after it confirms $16/share buyout bid from Kushner

Oct 21

Veris Residential jumps on $766M sale of Jersey City properties

Oct 10

Veris Residential: Analysis Of The Newest 'Pure Play' Multi-Family REIT

Aug 16

Veris Residential: Look At Total Return, Not Just Dividends

Jul 28

Analysts Just Made A Substantial Upgrade To Their Mack-Cali Realty Corporation (NYSE:CLI) Forecasts

Jul 20
Analysts Just Made A Substantial Upgrade To Their Mack-Cali Realty Corporation (NYSE:CLI) Forecasts

Mack-Cali sells Red Bank Office portfolio for $84 Million

Jun 14

Mack-Cali Realty FFO beats by $0.04, misses on revenue

May 06

Mack-Cali: A Coattail Idea (With A Harborside View) That Could Double

Dec 22

Mack-Cali's Leverage And Office Related Risks Remain Worrisome

Dec 20

Mack-Cali Realty's (NYSE:CLI) Stock Price Has Reduced 42% In The Past Five Years

Dec 16
Mack-Cali Realty's (NYSE:CLI) Stock Price Has Reduced 42% In The Past Five Years

Mack-Cali Realty adds up $61M to its suburban assets sale

Dec 03

CEO Compensation Analysis

How has Mahbod Nia's remuneration changed compared to Veris Residential's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2023n/an/a

-US$153m

Sep 30 2023n/an/a

-US$130m

Jun 30 2023n/an/a

-US$98m

Mar 31 2023n/an/a

-US$53m

Dec 31 2022US$7mUS$800k

-US$62m

Sep 30 2022n/an/a

-US$64m

Jun 30 2022n/an/a

-US$71m

Mar 31 2022n/an/a

-US$171m

Dec 31 2021US$11mUS$653k

-US$170m

Sep 30 2021n/an/a

-US$116m

Jun 30 2021n/an/a

-US$160m

Mar 31 2021n/an/a

-US$126m

Dec 31 2020US$191kn/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

NamePositionTenureCompensationOwnership
Mahbod Nia
CEO & Director3yrsUS$6.88m0.60%
$ 9.1m
Amanda Lombard
Chief Financial Officer1.9yrsUS$1.70m0.014%
$ 203.8k
Anna Malhari
Executive VP & COO2.8yrsUS$1.25m0.021%
$ 322.4k
Jeffrey Turkanis
Executive VP & Chief Investment Officer1.9yrsUS$3.17m0.020%
$ 296.7k
Taryn Fielder
General Counsel & Secretary1.9yrsUS$1.93m0.025%
$ 377.2k
Cindy Mai
SVP & Chief Accounting Officer1.2yrsno datano data
Giacomo Mascillaro
Senior VPno datano datano data
Nicole Jones
Senior Vice President of Marketing & Communications2.5yrsno datano data
Lori Jean Milo
Senior Vice President of Human Resource2.2yrsno datano data
Susan Epstein
Senior Vice President of Legal2.2yrsno datano data
Karen Cusmano
Senior VP of Sustainability & ESG2.2yrsno datano data
Jay Minchilli
Senior Vice President of Operations & Asset Management2.2yrsno datano data

2.2yrs

Average Tenure

41yo

Average Age

Experienced Management: VRE's management team is considered experienced (2.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Mahbod Nia
CEO & Director3.8yrsUS$6.88m0.60%
$ 9.1m
John Cali
Member of Advisory Boardno dataUS$28.00kno data
Robert Weinberg
Member of Advisory Boardno dataUS$28.00kno data
Victor MacFarlane
Independent Director2.8yrsUS$177.50k0.021%
$ 318.2k
Howard Stern
Independent Director3.8yrsUS$197.50k0.028%
$ 414.2k
Ronald Dickerman
Independent Directorless than a yearno data0.0073%
$ 110.4k
Nori Lietz
Independent Director4.8yrsUS$190.00k0.032%
$ 483.7k
Frederic Mack
Member of Advisory Boardno datano datano data
Frederic Cumenal
Independent Director4.8yrsUS$198.00k0.032%
$ 483.7k
A. Katz
Independent Director3.8yrsUS$203.00k0.031%
$ 459.7k
Stephanie Williams
Independent Directorless than a yearno data0.0073%
$ 110.4k
Tammy Jones
Board Chair & Lead Independent Director3.8yrsUS$265.50k0.028%
$ 414.2k

3.8yrs

Average Tenure

61yo

Average Age

Experienced Board: VRE's board of directors are considered experienced (3.8 years average tenure).


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