Company: VRE
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0001628280-25-045884
Chunk: 6

Company: Veris Residential, Inc.
Filing Date: 2025-10-22
Form: 10-Q
Item: Part I, Item 2
Chunk 6
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) and unrealized gains (losses) on disposition of rental property, net84,160 —84,160 (100.0)Gain (loss) on disposition of developable land35,292 11,515 23,777 206.5 Gain (loss) on sale of unconsolidated joint venture interests5,122 7,100 (1,978)(27.9)Gain (loss) from extinguishment of debt, net(3,212)(777)(2,435)313.4 Other income (expense), net302 (305)607 (199.0)Total other (expense) income, net56,836 (41,976)98,812 (235.4)Income (loss) from continuing operations before income tax expense75,718 (15,792)91,510 (579.5)Provision for income taxes(170)(274)104 (38.0)Income (loss) from continuing operations after income tax expense75,548 (16,066)91,614 (570.2)Discontinued operations:Income (loss) from discontinued operations3,891 1,8772,014 107.3 Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net— 1,548 (1,548)(100.0)Total discontinued operations, net3,891 3,425 466 13.6 Net income (loss)$79,439 $(12,641)$92,080 (728.4)%

47

The following is a summary of the changes in revenue from rental operations and other, and property expenses in 2025, as

compared to 2024, divided into Same-Store Properties and Acquired and Sold Properties (excluding properties classified as discontinued operations):

(dollars in thousands)TotalCompanySame-StorePropertiesAcquired and Sold PropertiesDollarChangePercent ChangeDollarChangePercentChangeDollarChangePercentChangeRevenue from rental operations and other:Revenue from leases$15,152 8.2 %$3,447 1.9 %$11,705 6.4 %Parking income448 3.9 219 1.9 229 2.0 Other income(887)(17.6)(883)(17.5)(4)(0.1)Total$14