Company: VRE
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000924901-25-000011
Chunk: 19

Company: Veris Residential, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 16
Chunk 19
---
 net2,619 9,324 9,368 Total expenses237,078 254,973 245,420 OTHER (EXPENSE) INCOMEInterest expense(87,976)(89,355)(66,381)Interest cost of mandatorily redeemable noncontrolling interests— (49,782)— Interest and other investment income2,366 5,515 729 Equity in earnings (loss) of unconsolidated joint ventures3,934 3,102 1,200 Gain (loss) on disposition of developable land11,515 7,068 57,262 Gain (loss) on sale of unconsolidated joint venture interests6,946 — — Gain (loss) from extinguishment of debt, net(777)(5,606)(129)Other income (expense), net(701)2,871 — Total other income (expense), net(64,693)(126,187)(7,319)Income (loss) from continuing operations before income tax expense(30,697)(120,865)(39,384)Provision for income taxes(276)(492)— Income (loss) from continuing operations after income tax expense(30,973)(121,357)(39,384)Discontinued operations:Income (loss) from discontinued operations862 (32,686)(64,854)Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net3,447 41,682 69,353 Total discontinued operations, net4,309 8,996 4,499 Net income (loss)(26,664)(112,361)(34,885)Noncontrolling interests in consolidated joint ventures1,924 2,319 3,079 Redeemable noncontrolling interests(540)(7,618)(25,534)Net income (loss) available to common unitholders$(25,280)$(117,660)$(57,340)Basic earnings per common unit:Income (loss) from continuing operations$(0.29)$(1.31)$(0.68)Discontinued operations0.04 0.09 0.05 Net income (loss) available to common unitholders$(0.25)$(1.22)$(0.63)Diluted earnings per common unit:Income (loss) from continuing operations$(0