Company: VRE
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000924901-25-000011
Chunk: 151

Company: Veris Residential, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 7
Chunk 151
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,338 3,868 (530)(13.7)Total non-property revenues3,338 3,868 (530)(13.7)Non-property expenses:Property management17,247 14,188 3,059 21.6 General and administrative39,059 44,443 (5,384)(12.1)Transaction-related costs1,565 7,627 (6,062)(79.5)Depreciation and amortization82,774 86,235 (3,461)(4.0)Land and other impairments, net2,619 9,324 (6,705)(71.9)Total non-property expenses143,264 161,817 (18,553)(11.5)Operating income (loss)33,996 5,322 28,674 538.8 Other (expense) income:Interest expense(87,976)(89,355)1,379 (1.5)Interest cost of mandatorily redeemable noncontrolling interests— (49,782)49,782 (100.0)Interest and other investment income (loss)2,366 5,515 (3,149)(57.1)Equity in earnings (loss) of unconsolidated joint ventures3,934 3,102 832 26.8 Gain (loss) on disposition of developable land11,515 7,068 4,447 62.9 Gain (loss) on sale from unconsolidated joint ventures6,946 — 6,946 100.0 Gain (loss) from extinguishment of debt, net(777)(5,606)4,829 (86.1)Other income (loss), net(701)2,871 (3,572)(124.4)Total other (expense) income(64,693)(126,187)61,494 (48.7)Income (loss) from continuing operations before income tax expenses(30,697)(120,865)90,168 (74.6)Provision for income taxes(276)(492)216 (43.9)Income (loss) from continuing operations after income tax(30,973)(121,357)90,384 (74.5)Discontinued operations:Income (Loss) from discontinued operations862 (32,686)33,548