Company: VRE
Filing Date: 2025-04-23
Form Type: 10-Q
Source: 0000924901-25-000028
Chunk: 111

Company: Veris Residential, Inc.
Filing Date: 2025-04-23
Form: 10-Q
Item: Part I, Item 8
Chunk 111
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 redemption value adjustment of redeemable noncontrolling interests attributable to common shareholders or unitholders is included in the calculation to arrive at the numerator of net income (loss) available to common shareholders or unitholders.The following information presents the Company’s results for the three months ended March 31, 2025 and 2024 in accordance with ASC 260, Earnings Per Share (dollars in thousands, except per share amounts):Veris Residential, Inc.:Three Months EndedMarch 31,Computation of Basic EPS20252024Income (loss) from continuing operations after income tax expense$(13,866)$(6,269)Add (deduct): Noncontrolling interests in consolidated joint ventures2,125 495 Add (deduct): Noncontrolling interests in Operating Partnership998 523 Add (deduct): Redeemable noncontrolling interests(81)(297)Income (loss) from continuing operations available to common shareholders$(10,824)$(5,548)Income (loss) from discontinued operations available to common shareholders125 1,645 Net income (loss) available to common shareholders for basic earnings per share$(10,699)$(3,903)Weighted average common shares93,059 92,275 Basic EPS:Income (loss) from continuing operations available to common shareholders$(0.12)$(0.06)Income (loss) from discontinued operations available to common shareholders— 0.02 Net income (loss) available to common shareholders$(0.12)$(0.04)Three Months EndedMarch 31,Computation of Diluted EPS20252024Net income (loss) from continuing operations available to common shareholders$(10,824)$(5,548)Add (deduct): Noncontrolling interests in Operating Partnership(998)(523)Income (loss) from continuing operations for diluted earnings per share$(11,822)$(6,071)Income (loss) from discontinued operations for diluted earnings per share136 1,800 Net income (loss) available for diluted earnings per share$(11,686)$(4,271)Weighted average common shares101,690 100,968 Diluted EPS:Income (loss) from continuing operations available to common shareholders$(0.12)$(0.06)Income (loss) from discontinued operations available to common shareholders— 0.02 Net income (loss) available to common shareholders$(0.12)$(0.04)

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