Company: VRE
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0001628280-25-045884
Chunk: 81

Company: Veris Residential, Inc.
Filing Date: 2025-10-22
Form: 10-Q
Item: Part I, Item 1
Chunk 81
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 available to common shareholders or unitholders by the weighted average number of shares or units outstanding for the period. Diluted EPS or EPU reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. In the calculation of basic and diluted EPS and EPU, a redemption value adjustment of redeemable noncontrolling interests attributable to common shareholders or unitholders is included in the calculation to arrive at the numerator of net income (loss) available to common shareholders or unitholders.The following information presents the Company’s results for the three and nine months ended September 30, 2025 and 2024 in accordance with ASC 260, Earnings Per Share (dollars in thousands, except per share amounts):Veris Residential, Inc.:Three Months EndedSeptember 30,Nine Months EndedSeptember 30,Computation of Basic EPS2025202420252024Income (loss) from continuing operations after income tax expense$77,544 $(11,113)$75,548 $(16,066)Add (deduct): Noncontrolling interests in consolidated joint ventures907 391 3,181 1,429 Add (deduct): Noncontrolling interests in Operating Partnership(6,596)923 (6,607)1,293 Add (deduct): Redeemable noncontrolling interests(81)(81)(243)(459)Income (loss) from continuing operations available to common shareholders$71,774 $(9,880)$71,879 $(13,803)Income (loss) from discontinued operations available to common shareholders3,463 188 3,563 3,130 Net income (loss) available to common shareholders for basic earnings per share$75,237 $(9,692)$75,442 $(10,673)Weighted average common shares93,476 92,903 93,310 92,615 Basic EPS:Income (loss) from continuing operations available to common shareholders$0.77 $(0.10)$0.77 $(0.15)Income (loss) from discontinued operations available to common shareholders0.04 — 0.04 0.03 Net income (loss) available to common shareholders$0.81 $(0.10)$0.81 $(0.12)

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Three Months EndedSeptember 30,Nine Months EndedSeptember 30,Computation of Diluted EPS202520242025