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VERIS RESIDENTIAL, INC. STOCKHOLDERS’ EQUITY AND VERIS RESIDENTIAL, L.P.’S PARTNERS’ CAPITAL (Tables) | 12 Months Ended
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Dec. 31, 2025
Stockholders' Equity Note [Abstract] |
Schedule of Stock Option Plans | Information regarding the Company’s stock option plans is summarized below:
| Shares Under Options | Weighted Average Exercise Price | Aggregate Intrinsic Value $(000’s)
Outstanding at January 1, 2023 ($14.39 - $20.00) | 2,330,000 | $ | 16.41 |  | $ | —
Granted | — | — |  |
Outstanding at December 31, 2023 ($14.39 - $20.00) | 2,330,000 | $ | 16.41 |  | —
Granted | — |  | — |  |
Outstanding at December 31, 2024 ($14.39 - $20.00) | 2,330,000 | $ | 16.41 |  | 1,363
Granted | — |  | — |  |
Expired | (800,000) | $ | 17.31 |  |
Outstanding at December 31, 2025 ($14.39 - $20.00) | 1,530,000 | $ | 15.94 |  | $ | 113
Options exercisable at December 31, 2025 | 230,000 |  |
Schedule of Restricted Stock Awards and Long-Term Incentive Plan Awards | Information regarding the RSAs grant activity is summarized below:
| Shares | Weighted-Average Grant – Date Fair Value
Outstanding at January 1, 2023 | 49,784 |  | $ | 14.06 |
Granted | 54,184 |  | 16.98 |
Vested | (49,784) |  | 14.06 |
Outstanding at December 31, 2023 | 54,184 |  | $ | 16.98 |
Granted | 71,232 |  | 14.60 |
Vested | (54,184) |  | 16.98 |
Outstanding at December 31, 2024 | 71,232 |  | $ | 14.60 |
Granted | 76,270 |  | 15.14 |
Vested | (71,232) |  | 14.60 |
Forfeited | (8,541) |  | 15.22 |
Outstanding at December 31, 2025 | 67,729 |  | $ | 15.14 |
Information regarding the LTIP Awards grant activity is summarized below:
| Shares | Weighted-Average Grant – Date Fair Value
Outstanding at January 1, 2023 | 1,573,158 |  | $ | 15.02 |
Granted | 1,013,153 |  | 14.26 |
Vested | (230,306) |  | 16.69 |
Forfeited | (59,893) |  | 16.04 |
Outstanding at December 31, 2023 | 2,296,112 |  | $ | 14.49 |
Granted | 1,080,023 |  | 14.47 |
Vested | (722,602) |  | 15.39 |
Forfeited | (305,029) |  | 9.04 |
Outstanding at December 31, 2024 | 2,348,504 |  | $ | 14.92 |
Granted | 978,448 |  | 16.63 |
Vested | (669,890) |  | 16.03 |
Forfeited | (317,124) |  | 15.75 |
Outstanding at December 31, 2025 | 2,339,938 |  | $ | 15.20 |
Schedule of Reconciliation of Shares Used in Basic EPS Calculation to Shares Used in Diluted EPS Calculation | The following information presents the Company’s results for the years ended December 31, 2025, 2024 and 2023 in accordance with ASC 260, Earnings Per Share (dollars in thousands, except per share amounts): Veris Residential, Inc.:
| Year Ended December 31,
Computation of Basic EPS | 2025 | 2024 | 2023
Income (loss) from continuing operations after income tax expense | $ | 74,826 |  | $ | (30,973) |  | $ | (121,357) |
Add (deduct): Noncontrolling interests in consolidated joint ventures | 3,538 |  | 1,924 |  | 2,319 |
Add (deduct): Noncontrolling interests in Operating Partnership | (6,569) |  | 2,531 |  | 11,174 |
Add (deduct): Redeemable noncontrolling interests | (324) |  | (540) |  | (7,618) |
Add (deduct): Redemption value adjustment of redeemable noncontrolling interests attributable to common shareholders | — |  | — |  | (4,516) |
Income (loss) from continuing operations available to common shareholders | 71,471 |  | (27,058) |  | (119,998) |
Income (loss) from discontinued operations available to common shareholders | 3,768 |  | 3,938 |  | 8,217 |
Net income (loss) available to common shareholders for basic earnings per share | $ | 75,239 |  | $ | (23,120) |  | $ | (111,781) |
Weighted average common shares | 93,355 |  | 92,695 |  | 91,883 |
Basic EPS: |  |  |
Income (loss) from continuing operations available to common shareholders | $ | 0.77 |  | $ | (0.29) |  | $ | (1.31) |
Income (loss) from discontinued operations available to common shareholders | 0.04 |  | 0.04 |  | 0.09 |
Net income (loss) available to common shareholders | $ | 0.81 |  | $ | (0.25) |  | $ | (1.22) |
| Year Ended December 31,
Computation of Diluted EPS | 2025 | 2024 | 2023
Net income (loss) from continuing operations available to common shareholders | $ | 71,471 |  | $ | (27,058) |  | $ | (119,998) |
Add (deduct): Noncontrolling interests in Operating Partnership | 6,569 |  | (2,531) |  | (11,174) |
Add (deduct): Redemption value adjustment of redeemable noncontrolling interests attributable to the Operating Partnership unitholders | — |  | — |  | (461) |
Income (loss) from continuing operations for diluted earnings per share | 78,040 |  | (29,589) |  | (131,633) |
Income (loss) from discontinued operations for diluted earnings per share | 4,115 |  | 4,309 |  | 8,996 |
Net income (loss) available for diluted earnings per share | $ | 82,155 |  | $ | (25,280) |  | $ | (122,637) |
Weighted average common shares | 102,363 |  | 101,381 |  | 100,812 |
Diluted EPS: |  |  |
Income (loss) from continuing operations available to common shareholders | $ | 0.76 |  | $ | (0.29) |  | $ | (1.31) |
Income (loss) from discontinued operations available to common shareholders | 0.04 |  | 0.04 |  | 0.09 |
Net income (loss) available to common shareholders | $ | 0.80 |  | $ | (0.25) |  | $ | (1.22) |
The following schedule reconciles the weighted average shares used in the basic EPS calculation to the shares used in the diluted EPS calculation (in thousands):
| Year Ended December 31,
| 2025 | 2024 | 2023
Basic EPS Shares | 93,355 |  | 92,695 |  | 91,883 |
Add: Operating Partnership – common and vested LTIP units | 8,612 |  | 8,686 |  | 8,929 |
Add: Dilutive effect of stock-based compensation awards | 396 |  | — |  | — |
Diluted EPS Shares | 102,363 |  | 101,381 |  | 100,812 |
| Year Ended December 31,
Computation of Basic EPU | 2025 | 2024 | 2023
Income (loss) from continuing operations after income tax expense | $ | 74,826 |  | $ | (30,973) |  | $ | (121,357) |
Add (deduct): Noncontrolling interests in consolidated joint ventures | 3,538 |  | 1,924 |  | 2,319 |
Add (deduct): Redeemable noncontrolling interests | (324) |  | (540) |  | (7,618) |
Add (deduct): Redemption value adjustment of redeemable noncontrolling interests | — |  | — |  | (4,977) |
Income (loss) from continuing operations available to unitholders | 78,040 |  | (29,589) |  | (131,633) |
Income (loss) from discontinued operations available to unitholders | 4,115 |  | 4,309 |  | 8,996 |
Net income (loss) available to common unitholders for basic earnings per unit | $ | 82,155 |  | $ | (25,280) |  | $ | (122,637) |
Weighted average common units | 101,967 |  | 101,381 |  | 100,812 |
Basic EPU: |  |  |
Income (loss) from continuing operations available to unitholders | $ | 0.77 |  | $ | (0.29) |  | $ | (1.31) |
Income (loss) from discontinued operations available to unitholders | 0.04 |  | 0.04 |  | 0.09 |
Net income (loss) available to common unitholders for basic earnings per unit | $ | 0.81 |  | $ | (0.25) |  | $ | (1.22) |
| Year Ended December 31,
Computation of Diluted EPU | 2025 | 2024 | 2023
Income (loss) from continuing operations available to common unitholders | $ | 78,040 |  | $ | (29,589) |  | $ | (131,633) |
Income (loss) from discontinued operations for diluted earnings per unit | 4,115 |  | 4,309 |  | 8,996 |
Net income (loss) available to common unitholders for diluted earnings per unit | $ | 82,155 |  | $ | (25,280) |  | $ | (122,637) |
Weighted average common unit | 102,363 |  | 101,381 |  | 100,812 |
Diluted EPU: |  |  |
Income (loss) from continuing operations available to common unitholders | $ | 0.76 |  | $ | (0.29) |  | $ | (1.31) |
Income (loss) from discontinued operations available to common unitholders | 0.04 |  | 0.04 |  | 0.09 |
Net income (loss) available to common unitholders | $ | 0.80 |  | $ | (0.25) |  | $ | (1.22) |
The following schedule reconciles the weighted average units used in the basic EPU calculation to the units used in the diluted EPU calculation (in thousands):
| Year Ended December 31,
| 2025 | 2024 | 2023
Basic EPU Units | 101,967 |  | 101,381 |  | 100,812 |
Add: Dilutive effect of stock-based compensation awards | 396 |  | — |  | — |
Diluted EPU Units | 102,363 |  | 101,381 |  | 100,812 |

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