Veris Residential Inc - Company Profile
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Veris Residential Inc (Veris) is a fully-integrated, self-administered, and self-managed real estate investment trust. The company primarily focuses on owning, operating, and developing multifamily rental properties. Veris offers a portfolio of Class A multifamily properties with premium amenities and sustainability-driven features. Veris serves residents seeking contemporary living experiences, with applications in residential real estate. The company operates through a vertically integrated platform, delivering services aligned with resident preferences. Veris's properties are located in the Northeast and the District of Columbia, targeting urban and suburban markets. Veris is headquartered in Jersey City, New Jersey, the US.
Headquarters
United States of America
Address
Harborside 3, 210 Hudson St., Ste. 400, Jersey City, New Jersey, 07311
Website
verisresidential.com
Telephone
1 732 5901010
No of Employees
181
Industry
Construction
Ticker Symbol & Exchange
VRE (NYSE)
Revenue (2024)
$288.4M
6.4%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
425.4%
(2024 vs 2023)
Market Cap*
$1.8B
Net Profit Margin (2024)
XYZ
405.9%
(2024 vs 2023)
* As of and is in US$
Veris Residential Inc premium industry data and analytics
Products and Services
| Services |
|---|
| Real Estate Development and Investment |
| Property Management |
| Properties Leasing Services |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Asset Disposal | In April, the company announced the completion of its sale of Harborside 1, 2, and 3, Class A office buildings in Jersey City, New Jersey. |
| 2022 | Contracts/Agreements | In February, the company and Collectors Holdings announced the signing of a long-term lease for approximately 130,000 square feet of office space at Harborside 3 in Jersey City. |
| 2021 | Asset Disposal | In June, the company announced the sale of River Centre, an office portfolio in Red Bank, New Jersey, the US to First Mile Properties. |
Competitor Comparison
| Key Parameters | Veris Residential Inc | BXP Inc | Alexandria Real Estate Equities Inc | Essex Property Trust Inc | Kilroy Realty Corp |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Jersey City | Boston | Pasadena | San Mateo | Los Angeles |
| State/Province | New Jersey | Massachusetts | California | California | California |
| No. of Employees | 181 | 714 | 514 | 1,689 | 241 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Tammy K. Jones | Chairman | Executive Board | 2021 | 60 |
| Mahbod Nia | Chief Executive Officer; Director | Executive Board | 2021 | 50 |
| Amanda Lombard | Chief Financial Officer | Senior Management | 2022 | 42 |
| Anna Malhari | Chief Operating Officer | Senior Management | 2021 | 41 |
| Heather Gamble | Chief Accounting Officer; Senior Vice President | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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