Company: VRE
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0001628280-25-045884
Chunk: 51

Company: Veris Residential, Inc.
Filing Date: 2025-10-22
Form: 10-Q
Item: Part I, Item 1
Chunk 51
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) operating activities$50,498 $40,468 CASH FLOWS FROM INVESTING ACTIVITIESRental property additions, improvements and other costs$(22,490)$(11,105)Development of rental property and other related costs(5,896)(4,699)Purchase of unconsolidated joint venture interest, net of cash acquired(36,469)— Proceeds from the sales of developable land94,680 88,962 Proceeds from the sales of rental property340,148 — Proceeds from sale of investments in joint ventures7,129 6,095 Repayment of notes receivable— 32 Investment in unconsolidated joint ventures— (226)Distributions in excess of cumulative earnings from unconsolidated joint ventures9,229 8,553 Other investing activities— 250 Net cash provided by (used in) investing activities - continuing operations386,331 87,862 Net cash provided by (used in) investing activities - discontinued operations— 77,182 Net cash provided by (used in) investing activities$386,331 $165,044 CASH FLOW FROM FINANCING ACTIVITIESBorrowings from revolving credit facility$201,000 $157,000 Repayment of revolving credit facility(322,000)— Borrowings from term loans— 200,000 Repayments of term loans(200,000)— Repayment of mortgages, loans payable and other obligations(63,708)(533,318)Redemption of redeemable noncontrolling interests, net— (15,700)Common unit redemptions(456)— Payment of financing costs and derivative premiums, net(1,451)(14,401)Contribution from noncontrolling interests225 108 Distribution to noncontrolling interests(19,503)(1,735)Distributions to redeemable noncontrolling interests(243)(464)Payment of common dividends and distributions(24,781)(16,886)Share issuance proceeds (costs), net— 1,765 Payment for taxes related to the net share settlement of stock compensation awards(4,402)(3,992)Net cash provided by (used in) financing activities$(435,319)$(227,623)Net decrease in cash and cash equivalents$1,510 $(22,111)Cash, cash equivalents and restricted cash, beginning of period (1)24