Company: VRE
Filing Date: 2025-04-23
Form Type: 10-Q
Source: 0000924901-25-000028
Chunk: 39

Company: Veris Residential, Inc.
Filing Date: 2025-04-23
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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164 400 Net cash provided by (used in) operating activities$13,193 $15,710 CASH FLOWS FROM INVESTING ACTIVITIESRental property additions, improvements and other costs$(5,805)$(3,228)Development of rental property and other related costs(1,084)(2,329)Proceeds from the sales of rental property and developable land7,139 10,111 Proceeds from sale of investments in joint ventures— 6,095 Repayment of notes receivable— 24 Investment in unconsolidated joint ventures— (61)Distributions in excess of cumulative earnings from unconsolidated joint ventures3,192 1,702 Proceeds from insurance settlements— 255 Net cash provided by (used in) investing activities - continuing operations3,442 12,569 Net cash provided by (used in) investing activities - discontinued operations— 81,204 Net cash provided by (used in) investing activities$3,442 $93,773 CASH FLOW FROM FINANCING ACTIVITIESBorrowings from revolving credit facility$20,000 $— Repayment of revolving credit facility(24,000)— Repayment of mortgages, loans payable and other obligations(2,293)(1,760)Redemption of redeemable noncontrolling interests, net— (15,700)Common unit redemptions(148)— Payment of financing costs and derivative premiums, net(18)(90)Contribution from noncontrolling interests70 — Distribution to noncontrolling interests(158)(933)Distributions to redeemable noncontrolling interests(81)(302)Payment of common dividends and distributions(8,286)(5,338)Share issuance proceeds (costs), net— (55)Payment for taxes related to the net share settlement of stock compensation awards(3,923)(1,534)Net cash provided by (used in) financing activities$(18,837)$(25,712)Net decrease in cash and cash equivalents$(2,202)$83,771 Cash, cash equivalents and restricted cash, beginning of period (1)24,310 54,579 Cash, cash equivalents and restricted cash, end of period (2)$22,108 $138,350 

(1)Includes Restricted Cash of $17,059 and $26,572 as of December 31, 202