Veris Residential, Inc. 2025 Annual Report – Key Highlights for Investors

Introduction

Veris Residential, Inc. (“Veris” or the “Company”) has released its annual report for the fiscal year ended December 31, 2025. This detailed review combines the annual reports of both Veris Residential, Inc. and Veris Residential, L.P. (“the Operating Partnership”), reflecting a unique UPREIT structure. The Company is a real estate investment trust (REIT) focused on multifamily properties, with its shares trading on the New York Stock Exchange under the symbol “VRE”.

Key Financial and Structural Highlights

• Public Float and Outstanding Shares: As of June 30, 2025, the aggregate market value of voting stock held by non-affiliates was \$93,458,388. The Company had 93,458,388 shares of common stock (\$0.01 par value) outstanding at year-end.
• Exchange Listing: Veris Residential, Inc.’s common stock is listed on the New York Stock Exchange under the symbol VRE. The Operating Partnership does not have any class of common equity registered under Section 12 of the Exchange Act.
• Well-Known Seasoned Issuer Status: Both Veris Residential, Inc. and Veris Residential, L.P. are designated as well-known seasoned issuers, providing them flexibility and speed in accessing capital markets.
• Regulatory Compliance: Both entities affirm they have:
  • Filed all required reports under the Exchange Act in the preceding 12 months.
  • Submitted all Interactive Data Files required under Regulation S-T.
  • Been subject to Exchange Act filing requirements for the past 90 days.
• Accelerated Filer Status: Veris Residential, Inc. is classified as a large accelerated filer, not a smaller reporting company or emerging growth company.
• Internal Control Over Financial Reporting: The Company’s independent registered public accounting firm has attested to the effectiveness of internal control over financial reporting as required under the Sarbanes-Oxley Act.
• UPREIT Structure and Combined Reporting: The Company operates as an umbrella partnership REIT (“UPREIT”), with Veris Residential, Inc. as the General Partner and Veris Residential, L.P. as the Operating Partnership. This structure allows for efficient capital raising and operational flexibility. The combined reporting is intended to streamline disclosures, reduce duplication, and provide a holistic view of the business.
• Noncontrolling Interests: The financial statements reflect noncontrolling interests, including those of limited partners in the Operating Partnership and unaffiliated joint venture partners. Differences between shareholders’ equity and partners’ capital are due to equity issued at parent and partnership levels.
• Proxy Statement Incorporation: Portions of the 2025 definitive proxy statement, to be released ahead of the 2026 annual meeting, are incorporated by reference into the annual report.

Information Potentially Impacting Share Price

• Consistent Compliance and No Restatements: The Company confirmed there were no financial statement error corrections or restatements requiring a recovery analysis of incentive-based compensation for executives. This demonstrates operational stability and transparency, reducing the risk of adverse regulatory surprises.
• Strong Corporate Governance: Both Veris Residential, Inc. and Veris Residential, L.P. have robust governance frameworks, as evidenced by auditor attestations and compliance with all SEC reporting and Sarbanes-Oxley requirements.
• No Shell Company Status: The Company is not a shell company, underscoring the presence of ongoing substantive business operations.

Structural and Reporting Efficiencies

The Company emphasizes the following benefits of its combined reporting approach:

• Enhanced investor understanding by presenting the General Partner and Operating Partnership as a single economic entity.
• Elimination of duplicative disclosures and greater transparency and readability in financial reporting.
• Cost and time efficiencies in preparing a single combined report, rather than separate filings.

Sections of Special Interest to Investors

The annual report includes:

• Detailed analysis of financial condition and results of operations, including segment reporting and management’s discussion.
• Comprehensive financial statements for both Veris Residential, Inc. and Veris Residential, L.P.
• Specific notes on significant accounting policies, redeemable noncontrolling interests, stockholders’ equity and partners’ capital, noncontrolling interests in subsidiaries, and segment reporting.
• Standalone certifications for both the General Partner and the Operating Partnership to ensure full compliance with SEC rules.

Other Notable Disclosures

• Scheduled Proxy Statement: The definitive proxy statement for fiscal 2025 will be filed with the SEC no later than 120 days from year-end, containing further details on corporate governance and executive compensation.
• Exhibit Index: The index of exhibits is available on page 95 of the report for investors seeking further documentation.

Conclusion

Veris Residential, Inc. has demonstrated transparency, compliance, and stability, with no restatements or operational red flags. The Company’s status as a well-known seasoned issuer and its robust internal controls should be viewed positively by investors. The UPREIT structure and combined reporting approach offer investors a clear and consolidated view of the business, which may enhance market perception and potentially support share value. Investors should monitor the forthcoming proxy statement and any further operational updates for additional insights into the Company’s strategic direction and governance.

Disclaimer: This article is a summary and analysis based on the Veris Residential, Inc. 2025 Annual Report and is intended for informational purposes only. It does not constitute investment advice. Investors should read the full SEC filings and consult professional advisors before making investment decisions. The author and publisher are not responsible for any investment actions taken based on this article.

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