Company: VRE
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000924901-25-000011
Chunk: 77

Company: Veris Residential, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 16
Chunk 77
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)2022(9,246)Total assets:20233,241,046 Total long-lived assets (c):20233,011,815 Total investments in unconsolidated joint ventures:2023117,954 (a)Total operating and interest expenses represent the sum of: real estate taxes; utilities; operating services; property management; general and administrative, transaction-related costs and interest expense, net of interest and other investment income and other income (expense), net.(b)Net operating income (loss) represents total revenues less total operating and interest expenses (as defined and classified in Note “a”), plus equity in earnings (loss) of unconsolidated joint ventures, for the periods.(c)Long-lived assets are comprised of net investment in rental property and unbilled rents receivable. 

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Veris Residential, Inc.The following schedule reconciles net operating income (loss) to net income (loss) available to common shareholders (dollars in thousands): Year Ended December 31,20232022Net operating income (loss)$(26,768)$(9,246)Add (deduct):Depreciation and amortization(86,235)(77,903)Land and other impairments, net(9,324)(9,368)Gain (loss) on disposition of developable land7,06857,262Gain (loss) from extinguishment of debt, net(5,606)(129)Income (loss) from continuing operations before income tax expense(120,865)(39,384)Provision for income taxes(492)— Loss from continuing operations after income tax expense(121,357)(39,384)Discontinued operationsIncome (loss) from discontinued operations(32,686)(64,854)Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net41,68269,353 Total discontinued operations, net8,9964,499 Net income (loss)(112,361)(34,885)Noncontrolling interests in consolidated joint ventures2,3193,079Noncontrolling interests in Operating Partnership of loss (income) from continuing operations11,1745,688 Noncontrolling interests in Operating Partnership in discontinued operations(779)(414)Redeemable noncontrolling interests(7,618)(25,534)Net income (loss) available to common shareholders$(107,265)$(52,066)

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Veris Residential, L.P.The