Company: VRE
Filing Date: 2025-04-23
Form Type: 10-Q
Source: 0000924901-25-000028
Chunk: 122

Company: Veris Residential, Inc.
Filing Date: 2025-04-23
Form: 10-Q
Item: Part I, Item 8
Chunk 122
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ized deferred financing costs (b)(12,465)Total Debt, Net$1,667,208 

(a)Includes debt with interest rate caps outstanding with a notional amount of $591.5 million.

(b)Excludes $4.2 million of unamortized deferred financing costs recorded in Deferred charges and other assets, net, pertaining to the Company's Revolving Credit Facility as of March 31, 2025.

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Table of Contents`

Debt Maturities

Scheduled principal payments and related weighted average annual effective interest rates for the Company’s debt as of March 31, 2025 are as follows:

PeriodScheduledAmortization($000’s)PrincipalMaturities($000’s)Total($000’s)Weighted Avg.Effective Interest Rate ofFuture Repayments2025$7,125 $— $7,125 3.68 %20267,879 467,904 475,783 4.65 20275,326 653,318 658,644 5.10 20282,396 343,061 345,457 6.03 20292,289 127,792 130,081 4.58 Thereafter1,771 60,812 62,583 3.21 Sub-total26,786 1,652,887 1,679,673 5.05 Unamortized deferred financing costs (a)(12,465)— (12,465)Totals/Weighted Average$14,321 $1,652,887 $1,667,208 5.05 %

(a)Excludes $4.2 million of unamortized deferred financing costs recorded in Deferred charges and other assets, net, pertaining to the Company's Revolving Credit Facility as of March 31, 2025.

Unencumbered Properties

As of March 31, 2025, the Company had two unencumbered properties with a carrying value of $33.2 million.

Equity Financing and Registration Statements

Shelf Registration Statements

The General Partner has an effective shelf registration statement on Form S-3 filed with the SEC for an aggregate amount of $2.0 billion in common stock, preferred stock, depositary shares, and/or warrants of the General Partner, under which $100 million of shares of common stock have been allocated for sale pursuant to the Company's ATM Program commenced in November 2023