Company: VRE
Filing Date: 2025-04-23
Form Type: 10-Q
Source: 0000924901-25-000028
Chunk: 36

Company: Veris Residential, Inc.
Filing Date: 2025-04-23
Form: 10-Q
Item: Part I, Item 1
Chunk 36
---
.12)$(0.04)Diluted earnings per common unit:Income (loss) from continuing operations$(0.12)$(0.06)Discontinued operations— 0.02 Net income (loss) available to common unitholders$(0.12)$(0.04)Basic weighted average units outstanding101,690 100,968 Diluted weighted average units outstanding101,690 100,968 The accompanying notes are an integral part of these consolidated financial statements.

12

Table of ContentsVERIS RESIDENTIAL, L.P. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (in thousands) (unaudited)

Three Months EndedMarch 31,20252024Net income (loss)$(13,730)$(4,469)Other comprehensive income (loss):Net unrealized (loss) gain on derivative instruments for interest rate caps(1,104)1,092Comprehensive income (loss)$(14,834)$(3,377)Comprehensive loss (income) attributable to noncontrolling interests in consolidated joint ventures2,125495Comprehensive loss (income) attributable to redeemable noncontrolling interests(81)(297)Comprehensive income (loss) attributable to common unitholders$(12,790)$(3,179)

The accompanying notes are an integral part of these consolidated financial statements

13

Table of ContentsVERIS RESIDENTIAL, L.P. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (in thousands) (unaudited)

For the Three Months Ended March 31, 2025General PartnerCommon UnitsLimited PartnerCommon Units/Vested LTIP UnitsCommon UnitholdersLimited PartnerCommonUnitholdersAccumulatedOtherComprehensiveIncome (Loss)NoncontrollingInterestin ConsolidatedJoint VenturesTotal EquityBalance at January 1, 202592,912 8,672 $1,035,795 $166,030 $154 $31,090 $1,233,069 Net income (loss)— — (10,699)(987)— (2,044)(13,730)Unit distributions— — (7,550)(690)— — (8,240)Redeemable noncontrolling interests— — — — — (81)(81)Change in noncontrolling interests in consolidated joint ventures—