Veris Residential, Inc.
verisresidential.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q1 FY2026 10-Q, filed Apr 22, 2026. Its latest SEC filing is a SCHEDULE 13G/A from Aug 14, 2026.
10-Q for Q1 FY2026, filed Apr 22, 2026
The sections below describe the company as of the FY2025 annual report.
What Did They Do?
Owns, operates and develops multifamily rental properties and provides property services for apartment residents and commercial tenants.
10-K for FY2025, filed Feb 23, 2026The Company owns, operates and develops multifamily rental properties located primarily in the Northeast, as well as a portfolio of…View ↗
The Company seeks to own a portfolio comprised primarily of Class A multifamily properties with premium amenities and offerings, including…View ↗
The Company has a fully integrated real estate platform with operational, investment, development, financial and management services…View ↗
How Did They Make Money?
Residents and commercial tenants pay rent for leased apartments and other spaces over the lease term. The company also earns fees for managing properties and income from parking and tenant services.
10-K for FY2025, filed Feb 23, 2026The majority of the Company’s revenue is derived from residential and commercial rental income and other lease income, which are accounted…View ↗
Management fees include property management, development, construction and leasing commission fees and other services, and payroll and…View ↗
Parking income is comprised of income from parking spaces leased to tenants and others.View ↗
Other income includes income from tenants for additional services arranged for by the Company and income from tenants for early lease…View ↗
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10-K for FY2025, filed Feb 23, 2026
FY2025 revenue by product or service ↗
$288.4M
-
10-K for FY2025, filed Feb 24, 2026
$288.4M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Revenue from leases
Recurring
10-K for FY2025, filed Feb 23, 2026 |
92%
FY2022: 88%
|
Revenue from leases, FY2025
$264.5M Sources
|
Recurring |
|
Management fees
|
0.9%
FY2022: 1.7%
|
Management fees, FY2025
$2.6M Sources
|
|
|
Parking income
Recurring
|
5.5%
FY2022: 6.4%
|
Parking income, FY2025
$15.8M Sources
|
Recurring |
|
Other income
|
1.9%
FY2022: 3.8%
|
Other income, FY2025
$5.6M Sources
|
Who Were Their Customers?
Apartment residents rent the company’s multifamily properties; commercial tenants lease space. Management services are provided to third-party and joint-venture property businesses.
10-K for FY2025, filed Feb 23, 2026The Company owns, operates and develops multifamily rental properties located primarily in the Northeast, as well as a portfolio of…View ↗
Management fees. Management fees, which primarily relate to management fees and reimbursement of property personnel costs from the…View ↗
The majority of the Company’s revenue is derived from residential and commercial rental income and other lease income, which are accounted…View ↗
Management fees include property management, development, construction and leasing commission fees and other services, and payroll and…View ↗
Did Revenues Turn Into Profits?
Yes. It kept 26 cents of every revenue dollar as net income in FY2025.
10-K for FY2025, filed Feb 24, 2026
10-K for FY2025, filed Feb 24, 2026
$75.2MView ↗
How Were They Changing?
- Net income
-
Sources
10-Q for Q1 FY2026, filed Apr 23, 2026
−$14MView ↗
- ▲ +31% (Loss)
- vs −$10.7M in Q1 FY2025
10-Q for Q1 FY2026, filed Apr 22, 2026
Open tableView ↗
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May 27, 2026
Investor consortium completed acquisition; Veris ceased trading on the NYSE
The merger converted common shares into a right to receive $19.00 in cash per share.
Sources
8-K, filed May 27, 2026
· the Company merged with and into Merger Sub I, with Merger Sub I continuing as the Surviving Entity. As a result of the Merger, in…View ↗
Grew. Revenue grew 48% in 4 years, from $194.6M in FY2021 to $288.4M in FY2025, about 10% a year.
Focus on multifamily
The latest report describes a portfolio centered on multifamily rental properties and non-strategic land and commercial assets. The older report also described a transition to a pure-play multifamily focus and listed office properties among its holdings.
10-K for FY2022, filed Feb 22, 2023 10-K for FY2025, filed Feb 23, 2026The Company owns, operates and develops multifamily rental properties located primarily in the Northeast, as well as a portfolio of…View ↗
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