Company: VRE
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0001628280-25-045884
Chunk: 119

Company: Veris Residential, Inc.
Filing Date: 2025-10-22
Form: 10-Q
Item: Part I, Item 8
Chunk 119
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2025202420252024Metropolitan and Lofts at 40 Park (a)$— $(378)$(361)$(852)RiverTrace at Port Imperial 174 304 483 595 The Capstone at Port Imperial 154 104 504 148 Riverpark at Harrison54 68 162 204 Station House(42)(92)4 (263)Urby at Harborside — (574)3,916 3,013 PI North - Land (a)— — — (226)OtherOther300 300 Company's equity in earnings (loss) of unconsolidated joint ventures (b)$340 $(268)$4,708 $2,919 (a)In January 2024, the joint venture sold the Lofts at 40 Park multifamily rental property. In April 2025, the Company sold its interest in The Metropolitan at 40 Park multifamily rental property in Morristown, New Jersey and PI North developable land parcels in West New York, New Jersey. See Note 3: Investments in Rental Properties - Dispositions of Unconsolidated Joint Ventures.(b)Amounts are net of amortization of basis differences of $0.1 million and $0.2 million for the three months ended September 30, 2025 and 2024, respectively, and $0.3 million and $0.5 million for the nine months ended September 30, 2025 and 2024, respectively.

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5.    DEFERRED CHARGES AND OTHER ASSETS, NET

(dollars in thousands)September 30,2025December 31,2024Deferred leasing costs$5,241$4,765Deferred financing costs (a)6,9966,296Deferred charges12,23711,061Accumulated amortization(5,930)(4,558)Deferred charges, net6,3076,503In-place lease values, related intangibles and other assets, net9,4189,519Right of use assets (b)4,3505,145Prepaid expenses and other assets, net 26,52327,309Total deferred charges and other assets, net$46,598$48,476(a)This amount relates to the deferred financing costs associated with the revolving credit facility.  Deferred financing costs related to all other debt liabilities are netted against those debt liabilities for all periods presented.(