Company: VRE
Filing Date: 2025-07-23
Form Type: 10-Q
Source: 0000924901-25-000051
Chunk: 43

Company: Veris Residential, Inc.
Filing Date: 2025-07-23
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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 rental property and developable land57,843 88,962 Proceeds from sale of investments in unconsolidated 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 ventures8,188 3,281 Proceeds from insurance settlements— 255 Net cash provided by (used in) investing activities - continuing operations20,822 88,759 Net cash provided by (used in) investing activities - discontinued operations— 77,184 Net cash provided by (used in) investing activities$20,822 $165,943 CASH FLOW FROM FINANCING ACTIVITIESBorrowings from revolving credit facility$70,000 $— Repayment of revolving credit facility(95,000)— Borrowings from term loans— 55,000 Repayment of mortgages, loans payable and other obligations(4,873)(223,922)Redemption of redeemable noncontrolling interests, net— (15,700)Common unit redemptions(148)— Payment of financing costs and derivative premiums, net(517)(7,744)Contribution from noncontrolling interests117 108 Distribution to noncontrolling interests(646)(1,249)Distributions to redeemable noncontrolling interests(162)(384)Payment of common dividends and distributions(16,554)(10,737)Share issuance proceeds (costs), net— 1,831 Payment for taxes related to the net share settlement of stock compensation awards(4,313)(3,337)Net cash provided by (used in) financing activities$(52,096)$(206,134)Net increase (decrease) in cash and cash equivalents$5,709 $(13,648)Cash, cash equivalents and restricted cash, beginning of period (1)24,310 54,579 Cash, cash equivalents and restricted cash, end of period (2)$30,019 $40,931 

(1)Includes Restricted Cash of $17,059 and $26,572 as of December 31, 2024 and 2023, respectively.

(2)Includes Restricted Cash of $18,581 and $22,533 as of June 30, 2025 and 2024, respectively.

The accompanying notes are an integral part of these consolidated