Veris Residential, Inc.

NYSE:VRE Stock Report

Market Cap: US$1.6b

Veris Residential Management

Management criteria checks 3/4

Veris Residential's CEO is Mahbod Nia, appointed in Mar 2021, has a tenure of 4.17 years. total yearly compensation is $7.39M, comprised of 10.8% salary and 89.2% bonuses, including company stock and options. directly owns 0.87% of the company’s shares, worth $13.72M. The average tenure of the management team and the board of directors is 3.3 years and 4.9 years respectively.

Key information

Mahbod Nia

Chief executive officer

US$7.4m

Total compensation

CEO salary percentage10.82%
CEO tenure4.2yrs
CEO ownership0.9%
Management average tenure3.3yrs
Board average tenure4.9yrs

Recent management updates

Recent updates

author-image

Prism Plan Will Boost Efficiency And Reduce Expenses

Strategic asset sales are aimed at reducing leverage and enhancing shareholder value, with potential for improved earnings and debt reduction.

Veris Residential Is An Innovator In Multifamily Real Estate

Nov 22

Veris Residential Q2 Earnings: Finding Their Footing Under A New Brand

Jul 31

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

CEO Compensation Analysis

How has Mahbod Nia's remuneration changed compared to Veris Residential's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2025n/an/a

-US$32m

Dec 31 2024US$7mUS$800k

-US$27m

Sep 30 2024n/an/a

-US$61m

Jun 30 2024n/an/a

-US$107m

Mar 31 2024n/an/a

-US$99m

Dec 31 2023US$7mUS$800k

-US$120m

Sep 30 2023n/an/a

-US$132m

Jun 30 2023n/an/a

-US$101m

Mar 31 2023n/an/a

-US$57m

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 ($USD7.39M) is about average for companies of similar size in the US market ($USD6.07M).

Compensation vs Earnings: Mahbod's compensation has increased whilst the company is unprofitable.

CEO

Mahbod Nia (48 yo)

4.2yrs
Tenure
US$7,393,104
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 & Director4.2yrsUS$7.39m0.87%
$ 13.7m
Amanda Lombard
Chief Financial Officer3.1yrsUS$1.67m0.037%
$ 592.5k
Anna Malhari
Executive VP & COO3.9yrsUS$1.74m0.11%
$ 1.7m
Jeffrey Turkanis
Executive VP & Chief Investment Officer3.1yrsUS$1.59m0.075%
$ 1.2m
Taryn Fielder
General Counsel & Secretary3.1yrsUS$1.64m0.065%
$ 1.0m
Mackenzie Rice
Director of Investor Relationsless than a yearno datano data
Nicole Jones
Senior Vice President of Marketing & Communications3.7yrsno datano data
Lori Jean Milo
Senior Vice President of Human Resources3.3yrsno datano data
Susan Epstein
Senior Vice President of Legal3.3yrsno datano data
Karen Cusmano
Senior VP and Head of Sustainability & ESG3.3yrsno datano data
Jay Minchilli
Senior Vice President of Operations & Asset Management3.3yrsno datano data
Eric Roehnelt
Senior Vice President of Finance & Investments3.3yrsno datano data
3.3yrs
Average Tenure
41yo
Average Age

Experienced Management: VRE's management team is considered experienced (3.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Mahbod Nia
CEO & Director4.9yrsUS$7.39m0.87%
$ 13.7m
Victor MacFarlane
Independent Director3.9yrsUS$222.50k0.030%
$ 482.4k
Howard Stern
Independent Director4.9yrsUS$247.50k0.037%
$ 582.3k
Ronald Dickerman
Independent Director2yrsUS$211.76k0.017%
$ 265.9k
Nori Lietz
Independent Director5.9yrsUS$227.50k0.052%
$ 824.4k
Frederic Cumenal
Independent Director5.9yrsUS$232.00k0.041%
$ 654.6k
Aharon Katz
Independent Director4.9yrsUS$239.50k0.040%
$ 629.8k
Stephanie Williams
Independent Director2yrsUS$222.50k0.017%
$ 265.9k
Tammy Jones
Independent Chairman4.9yrsUS$317.00k0.037%
$ 582.3k
4.9yrs
Average Tenure
59yo
Average Age

Experienced Board: VRE's board of directors are considered experienced (4.9 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/20 22:04
End of Day Share Price 2025/05/20 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

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 Github.

Analyst Sources

Veris Residential, Inc. is covered by 15 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ross SmotrichBarclays
Joshua DennerleinBofA Global Research
Jeffrey SpectorBofA Global Research