Short answer
Veris Residential, Inc. (VRE) filed its fiscal 2025 10-K annual report with the SEC on Feb 23, 2026. It reported revenue of $288M (+6.4% year over year) and net income of $75M.
- Top risk flagged: Regulatory/legal risk: Merger Agreement termination fee $60M payable under certain conditions if Mergers not completed
FY2025 key financial metrics · XBRL
- Revenue
- $288M
- +6.4% YoY
- Net income
- $75M
- +425.4% YoY
- EPS (diluted)
- $0.80
- +420.0% YoY
- ROE
- 6.5%
- +8.6 pp YoY
- Operating cash flow
- $76M
- +45.2% YoY
Source: XBRL data from the Veris Residential, Inc. (VRE) FY2025 10-K on SEC EDGAR. USD.
Veris Residential, Inc. FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: fully-integrated, self-managed REIT owning and operating multifamily rental properties primarily in the Northeast
- Emphasis on technology-enabled, vertically integrated operating platform enhancing resident experience and community impact
- Owned or had interests in 17 multifamily rental properties and non-core assets including 3 parking/retail properties and developable land as of Dec 31, 2025
- Geographic focus on New Jersey, Massachusetts, and the District of Columbia with stable ownership interest: 91.6% in Operating Partnership vs 91.5% prior year
- Maintained balance of 13 wholly-owned multifamily properties plus 4 multifamily properties through unconsolidated joint ventures
Management Discussion & Analysis
- Funds from operations (FFO) $76.0M in 2025 vs $59.0M in 2024, net income available to common shareholders $75.2M vs loss of $23.1M
- Operating margin and profitability metrics not explicitly provided in the text
- Best performing segment: sale of rental property proceeds $340.1M; worst performing not specified
- Cash increased by $5.1M to $29.4M; $33.0M dividends paid; $31.4M capex; $370.0M revolving credit repayment, $248.0M borrowings
- Dividend per share stable at $0.08 per quarter, share repurchase authorized $100M but no shares repurchased in 2025
Risk Factors
- Regulatory/legal risk: Merger Agreement termination fee $60M payable under certain conditions if Mergers not completed
- Geopolitical/macroeconomic threat: Inflation increases property taxes, operating expenses, and construction costs, possibly outpacing rent growth
- Operational/supply chain vulnerability: Price and availability volatility of raw materials and skilled labor threaten construction project timelines and costs
- Competitive/market disruption risk: Competition from single-family rentals, extended stay hotels, condominiums may limit multifamily rent growth
- Financial/structural risk: Loss or distraction of key talent during Mergers integration could materially impact business and financial results
Generated from the filing text; verify against the original. How to read a 10-K
Ask about this 10-K
Compare years, dig into a risk factor or check the numbers against insider trades and fund holders.