Company: VRE
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000924901-25-000011
Chunk: 185

Company: Veris Residential, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 185
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expense), net(64,693)(126,187)(7,319)Income (loss) from continuing operations before income tax expense(30,697)(120,865)(39,384)Provision for income taxes(276)(492)— Income (loss) from continuing operations after income tax expense(30,973)(121,357)(39,384)Discontinued operations:Income (loss) from discontinued operations862 (32,686)(64,854)Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net3,447 41,682 69,353 Total discontinued operations, net4,309 8,996 4,499 Net income (loss)(26,664)(112,361)(34,885)Noncontrolling interests in consolidated joint ventures1,924 2,319 3,079 Redeemable noncontrolling interests(540)(7,618)(25,534)Net income (loss) available to common unitholders$(25,280)$(117,660)$(57,340)Basic earnings per common unit:Income (loss) from continuing operations$(0.29)$(1.31)$(0.68)Discontinued operations0.04 0.09 0.05 Net income (loss) available to common unitholders$(0.25)$(1.22)$(0.63)Diluted earnings per common unit:Income (loss) from continuing operations$(0.29)$(1.31)$(0.68)Discontinued operations0.04 0.09 0.05 Net income (loss) available to common unitholders$(0.25)$(1.22)$(0.63)Basic weighted average units outstanding101,381 100,812 100,265 Diluted weighted average units outstanding101,381 100,812 100,265 

The accompanying notes are an integral part of these consolidated financial statements.

49

VERIS RESIDENTIAL, L.P. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (in thousands)

Year Ended December 31,202420232022Net income (loss)$(26,664)$(112,361)$(34,885)Other comprehensive income (loss):Net unrealized (loss) gain on derivative instruments for interest rate caps(1