Company: VRE
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000924901-25-000011
Chunk: 72

Company: Veris Residential, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 16
Chunk 72
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loss) available to common shareholders$(0.25)$(1.22)$(0.63)

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Year Ended December 31,Computation of Diluted EPS202420232022Net income (loss) from continuing operations available to common shareholders$(27,058)$(119,998)$(61,626)Add (deduct): Noncontrolling interests in Operating Partnership(2,531)(11,174)(5,688)Add (deduct): Redemption value adjustment of redeemable noncontrolling interests attributable to the Operating Partnership unitholders— (461)(548)Income (loss) from continuing operations for diluted earnings per share(29,589)(131,633)(67,862)Income (loss) from discontinued operations for diluted earnings per share4,309 8,996 4,499 Net income (loss) available for diluted earnings per share$(25,280)$(122,637)$(63,363)Weighted average common shares101,381 100,812 100,265 Diluted EPS:Income (loss) from continuing operations available to common shareholders$(0.29)$(1.31)$(0.68)Income (loss) from discontinued operations available to common shareholders0.04 0.09 0.05 Net income (loss) available to common shareholders$(0.25)$(1.22)$(0.63)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 31,202420232022Basic EPS Shares92,695 91,883 91,046 Add: Operating Partnership – common and vested LTIP units8,686 8,929 9,219 Diluted EPS Shares101,381 100,812 100,265 

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Veris Residential, L.P.:Year Ended December 31,Computation of Basic EPU202420232022Income (loss) from continuing operations after income tax expense$(30,973)$(121,357)$(39,384)Add (deduct): Noncontrolling interests in consolidated joint ventures1,924 2,319 3,079 Add (deduct): Redeemable noncontrolling interests(540)(7,618)(25,534)Add (deduct): Redemption value adjustment of redeemable noncontrolling interests— (4,977)(6,023)Income (