Company: VRE
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000924901-25-000011
Chunk: 17

Company: Veris Residential, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 16
Chunk 17
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3,992)(603)— Net cash provided by (used in) financing activities$(244,648)$(618,260)$(290,348)Net increase (decrease) in cash and cash equivalents$(30,269)$6,930 $(3,806)Cash, cash equivalents and restricted cash, beginning of period (1)54,579 47,649 51,455 Cash, cash equivalents and restricted cash, end of period (2)$24,310 $54,579 $47,649 

(1)Includes Restricted Cash of $26,572, $20,867 and $19,701 as of December 31, 2023, 2022 and 2021, respectively.

(2)Includes Restricted Cash of $17,059, $26,572 and $20,867 as of December 31, 2024, 2023 and 2022, respectively.

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

47

VERIS RESIDENTIAL, L.P. AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETS (in thousands, except per unit amounts)

ASSETSDecember 31,2024December 31,2023Rental propertyLand and leasehold interests$458,946 $474,499 Buildings and improvements2,634,321 2,782,468 Tenant improvements14,784 30,908 Furniture, fixtures and equipment112,201 103,613 3,220,252 3,391,488 Less – accumulated depreciation and amortization(432,531)(443,781)2,787,721 2,947,707 Real estate held for sale, net7,291 58,608 Net investment in rental property2,795,012 3,006,315 Cash and cash equivalents7,251 28,007 Restricted cash17,059 26,572 Investments in unconsolidated joint ventures111,301 117,954 Unbilled rents receivable, net2,253 5,500 Deferred charges and other assets, net48,476 53,956 Accounts receivable1,375 2,742 Total assets$2,982,727 $3,241,046 LIABILITIES AND EQUITYRevolving credit facility and term loans$348,839 $— Mortgages, loans payable and