Veris Residential, Inc. (VRE) FY2025 10-K Annual Report

Filed: Feb 23, 2026
Financials
Real Estate Investment TrustsSEC EDGAR

Veris Residential, Inc. (VRE) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 23, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Veris Residential, Inc. FY2025 10-K Analysis

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
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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
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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
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Veris Residential, Inc. FY2025 Key Financial Metrics
XBRL

Revenue

$288M

+6.4% YoY

Net Income

$75M

+425.4% YoY

Net Margin

26.1%

+3461bp YoY

ROE

6.5%

+864bp YoY

Total Assets

$2.7B

-9.2% YoY

EPS (Diluted)

$0.80

+420.0% YoY

Operating Cash Flow

$76M

+45.2% YoY

Source: XBRL data from Veris Residential, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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