Company: VRE
Filing Date: 2025-07-23
Form Type: 10-Q
Source: 0000924901-25-000051
Chunk: 51

Company: Veris Residential, Inc.
Filing Date: 2025-07-23
Form: 10-Q
Item: Part I, Item 1
Chunk 51
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43,718 40,417 Amortization of deferred compensation stock units214 198 Amortization of stock compensation5,982 7,348 Amortization of deferred financing costs and derivative premiums5,431 2,811 Equity in (earnings) loss of unconsolidated joint ventures(4,368)(3,187)Realized (gains) losses and unrealized (gains) losses on disposition of rental property, net6,877 — Gain (loss) on disposition of developable land(36,410)(11,515)(Gain) loss on sale of unconsolidated joint ventures(5,122)(7,100)Land and other impairments, net15,667 — (Gain) loss from extinguishment of debt— 785 Gain on insurance proceeds— (5)Changes in operating assets and liabilities:Decrease (increase) in unbilled rents receivable, net(605)(247)Decrease (increase) in deferred charges and other assets2,979 7,293 Decrease (increase) in accounts receivable, net257 (465)(Decrease) increase in accounts payable, accrued expenses and other liabilities3,121 (4,080)(Decrease) increase in rents received in advance and security deposits549 (558)(Decrease) increase in accrued interest payable544 (747)Net cash flows provided by (used in) operating activities - continuing operations36,838 25,995 Net cash flows provided by (used in) operating activities - discontinued operations145 548 Net cash provided by (used in) operating activities$36,983 $26,543 CASH FLOWS FROM INVESTING ACTIVITIESRental property additions, improvements and other costs$(14,222)$(5,670)Development of rental property and other related costs(1,647)(3,970)Purchase of unconsolidated joint venture interest, net of cash acquired(36,469)— Proceeds from the sales of rental property and developable land57,843 88,962 Proceeds from sale of investments in joint ventures7,129 6,095 Repayment of notes receivable— 32 Investment in unconsolidated joint ventures— (226)Distributions in excess of cumulative earnings from unconsolidated joint ventures8,188 3,281 Proceeds from insurance settlements— 255 Net