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VERIS RESIDENTIAL, INC. STOCKHOLDERS’ EQUITY AND VERIS RESIDENTIAL, L.P.’S PARTNERS’ CAPITAL (Tables)
12 Months Ended
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, 2025230,000
Schedule of Restricted Stock Awards and Long-Term Incentive Plan Awards
Information regarding the RSAs grant activity is summarized below:
SharesWeighted-Average
Grant – Date
Fair Value
Outstanding at January 1, 202349,784 $14.06 
Granted54,184 16.98 
Vested(49,784)14.06 
Outstanding at December 31, 202354,184 $16.98 
Granted71,232 14.60 
Vested(54,184)16.98 
Outstanding at December 31, 202471,232 $14.60 
Granted76,270 15.14 
Vested(71,232)14.60 
Forfeited(8,541)15.22 
Outstanding at December 31, 202567,729 $15.14 
Information regarding the LTIP Awards grant activity is summarized below:
SharesWeighted-Average
Grant – Date
Fair Value
Outstanding at January 1, 20231,573,158 $15.02 
Granted1,013,153 14.26 
Vested(230,306)16.69 
Forfeited(59,893)16.04 
Outstanding at December 31, 20232,296,112 $14.49 
Granted1,080,023 14.47 
Vested(722,602)15.39 
Forfeited(305,029)9.04 
Outstanding at December 31, 20242,348,504 $14.92 
Granted978,448 16.63 
Vested(669,890)16.03 
Forfeited(317,124)15.75 
Outstanding at December 31, 20252,339,938 $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 EPS202520242023
Income (loss) from continuing operations after income tax expense$74,826 $(30,973)$(121,357)
Add (deduct): Noncontrolling interests in consolidated joint ventures3,538 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 shareholders71,471 (27,058)(119,998)
Income (loss) from discontinued operations available to common shareholders3,768 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 shares93,355 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 shareholders0.04 0.04 0.09 
Net income (loss) available to common shareholders$0.81 $(0.25)$(1.22)
Year Ended December 31,
Computation of Diluted EPS202520242023
Net income (loss) from continuing operations available to common shareholders$71,471 $(27,058)$(119,998)
Add (deduct): Noncontrolling interests in Operating Partnership6,569 (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 share78,040 (29,589)(131,633)
Income (loss) from discontinued operations for diluted earnings per share4,115 4,309 8,996 
Net income (loss) available for diluted earnings per share$82,155 $(25,280)$(122,637)
Weighted average common shares102,363 101,381 100,812 
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 shareholders0.04 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,
202520242023
Basic EPS Shares93,355 92,695 91,883 
Add: Operating Partnership – common and vested LTIP units8,612 8,686 8,929 
Add: Dilutive effect of stock-based compensation awards396 — — 
Diluted EPS Shares102,363 101,381 100,812 
Year Ended December 31,
Computation of Basic EPU202520242023
Income (loss) from continuing operations after income tax expense$74,826 $(30,973)$(121,357)
Add (deduct): Noncontrolling interests in consolidated joint ventures3,538 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 unitholders78,040 (29,589)(131,633)
Income (loss) from discontinued operations available to unitholders4,115 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 units101,967 101,381 100,812 
Basic EPU:
      
Income (loss) from continuing operations available to unitholders$0.77 $(0.29)$(1.31)
Income (loss) from discontinued operations available to unitholders0.04 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 EPU202520242023
Income (loss) from continuing operations available to common unitholders$78,040 $(29,589)$(131,633)
Income (loss) from discontinued operations for diluted earnings per unit4,115 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 unit102,363 101,381 100,812 
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 unitholders0.04 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,
202520242023
Basic EPU Units101,967 101,381 100,812 
Add: Dilutive effect of stock-based compensation awards396 — — 
Diluted EPU Units102,363 101,381 100,812