SCHEDULE: Erez Asset Management Adjusts Veris Residential Stake

Sentiment:

Schedule 13D Amendment 24 February 2026 5:00 PM

Erez Asset Management and affiliates now beneficially own 3.79% of Veris Residential, Inc. common stock after recent sales, while Moishe Gubin has fully divested his holdings.

Worse than expectedErez Asset Management reduced its beneficial ownership by selling over 1 million shares.Moishe Gubin, a former member of the reporting group, completely divested his 140,000 shares.The dissolution of the "group" between Erez Reporting Persons and Moishe Gubin suggests a lack of continued unified activist intent or a change in strategy.

Summary

Erez REIT Opportunities LP, Erez Asset Management LLC, and Bruce Schanzer (collectively, "Erez Reporting Persons") beneficially own 3,543,737 shares of Veris Residential, Inc. common stock.
This represents approximately 3.79% of the 93,458,338 shares outstanding as of February 22, 2026.
Erez Asset Management sold 1,001,802 shares at $18.81 per share on February 23, 2026.
Moishe Gubin sold all 140,000 of his beneficially owned shares at $18.83 per share on February 23, 2026, and is no longer part of the reporting group.
The previous Schedule 13D incorrectly reported Mr. Gubin's beneficial ownership as 145,000 shares instead of 140,000 shares.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as a moderately negative development for Veris Residential, Inc. due to the significant reduction in stake by Erez Asset Management and the complete divestment by a former aligned shareholder, potentially signaling reduced confidence or activist pressure.

Negatives

Erez Asset Management sold 1,001,802 shares of common stock.
Moishe Gubin sold all 140,000 of his shares of common stock.
Moishe Gubin is no longer deemed to be a "group" with the Erez Reporting Persons, indicating a dissolution of a previously aligned shareholder group.

Future Outlook

Industry Context

StockSavvy.ai notes that a reduction in a significant shareholder's stake, especially by an activist-oriented fund like Erez Asset Management, could signal a shift in their investment thesis or a re-evaluation of the issuer's strategic direction within the REIT sector. The full divestment by a former group member further underscores this potential shift.

Stakeholder Impact

Shareholders: The reduction in stake by a significant investor group and the full divestment by a former group member could lead to concerns about institutional confidence and potentially impact share price.

Key Dates

Date	Description
02/22/2026	Date for shares outstanding calculation (93,458,338 shares).
02/23/2026	Date of event requiring filing; Erez Asset Management sold 1,001,802 shares; Moishe Gubin sold 140,000 shares; Agreement and Plan of Merger among Veris Residential, Inc. and others filed.
02/24/2026	Date of filing of this Amendment No. 1.

Recommendation

hold

While the reduction in stake by Erez Asset Management and the full divestment by Moishe Gubin could be perceived negatively, the filing itself does not provide enough information to warrant a strong sell recommendation. It primarily reports a change in ownership structure rather than fundamental operational or financial issues. Investors should hold and monitor for further developments or statements from the company or other major shareholders.

Keywords

Veris Residential, Erez Asset Management, Schedule 13D/A, Common Stock, Share Ownership, Institutional Investor, Real Estate Investment Trust, REIT, Share Sale, Beneficial Ownership

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