Company: VRE
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0001628280-25-045884
Chunk: 35

Company: Veris Residential, Inc.
Filing Date: 2025-10-22
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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Property management4,261 3,762 12,734 13,370General and administrative8,517 8,956 28,190 29,019Transaction related costs1,550 — 3,428 1,406Depreciation and amortization21,073 21,159 64,797 61,592Land and other impairments, net— 2,619 15,667 2,619 Total expenses60,720 57,353 198,242 176,807OTHER (EXPENSE) INCOMEInterest expense(22,240)(21,507)(69,804)(64,683)Interest and other investment income 173 181 268 2,255Equity in earnings (losses) of unconsolidated joint ventures340 (268)4,708 2,919Realized gains (losses) and unrealized gains (losses) on disposition of rental property, net91,037 — 84,160 —Gain (loss) on disposition of developable land(1,118)— 35,292 11,515 Gain (loss) on sale of unconsolidated joint venture interests— — 5,122 7,100 Gain (loss) from extinguishment of debt, net(3,212)8 (3,212)(777)Other income (expense), net(121)(310)302 (305)Total other (expense) income, net64,859 (21,896)56,836 (41,976)Income (loss) from continuing operations before income tax expense77,579 (11,074)75,718 (15,792)Provision for income taxes(35)(39)(170)(274)Income (loss) from continuing operations after income tax expense77,544 (11,113)75,548 (16,066)Discontinued operations:Income (loss) from discontinued operations3,782 206 3,891 1,877Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net— — — 1,548Total discontinued operations, net3,782 206 3,891 3,425 Net income (loss)81,326 (10,907)79,439 (12,641)Noncontrolling interests in consolidated joint ventures907 391